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| Your in Ag business--ag has been shelter(mostly) so far from recession. Money Velocity still slowing--not as fast as before, but still slowing--can't have longterm economic growth w/ high unemployment(people don't have as much money to spend) and w/ savings rates increasing. Your business has a product that is moving toward "mainstream" rather than has been "mainstream." (Please don't be offended as you have a great product(s).) Kind of like Gas Station owners in the Depression--one of the better businesses to be in w/ cars being "new."
Main problem is the average person was spending above their means two/three years ago, now the average person's means have dropped and they aren't any longer speanding more than they make. Economy of two/three years ago was built & running on excess money--that money is now being pulled out of the economy and it will take a while to sort out just how big the void really is. Big Bear markets generally "crash," then retrace ~50% then grind to the bottom. Unfortunate, but reality.
HAPPY EASTER!!!!!!! | |
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Why are steel prices jumping?
