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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: Lee Lichterman III who wrote (42444)	3/7/2000 8:52:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Lee, all industrialized nations are subsidizing farmers. i agree with you that it's a misguided policy in its present form, but an equitable solution would only be achievable if all countries abandon the subsidies at once. the EU is wasting half its budget on those subsidies, in spite of farming only representing 3% of the economy. apparently everybody thinks that farming can not survive without subsidies. btw, while prices for ag products stay depressed due to the resulting overproduction, the ultimate cost to the consumer is still higher than it would otherwise be, as the subsidies must be financed and the process (subsidization) is a wasteful one. lots of parasites feeding on the trough along the way. regards, hb

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