Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Wally Mastroly who wrote (6452)	8/5/1998 4:27:00 PM
From: Trebor	Read Replies (3) of 42834

Re: Asia Woes Hit U.S. Factories, Farms Nobody is paying any attention but what's happening down on the farm these days is downright scary. Grain and cotton prices are way below the cost of production and they are predicting a massive grain glut come this fall, along with farmer bankruptcies and bad times for ag-reliant industries (machinery, chemicals, banks making ag loans, etc.) This story is going unreported, of course, because our news media is so absorbed with Billy and his zipper problems that there's no time to left to cover more important stories. Most of us are so far removed from our rural roots these days that we may wonder why the farm economy is important to us. But I would remind them that a collapsing farm economy was one of the major causes of the Depression of the '30s. Times have changed, of course, but farm commodities remain this country's leading export and largest contributor to our balance of trade. And as farmers like to say, in the final analysis, food production is really our only essential industry. End of Sermon

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