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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (189550)3/9/2009 11:00:51 PM
From: energyplayRespond to of 306849
 
I tend to think of farms as factories that don't have roofs.

Manufactured products of all types - cars, microwave ovens, houses, computers, etc. - are all in surplus.

Most North American farmers have had 2 or more good years because of higher prices caused by corn based ethanol and strong exports. So I expect most of them will have enough money

If farmers and food processors can get diesel, natural gas, etc. they will be able to produce.

Food prices have been falling, so there is a big incentive to keep food inventories down.

>>>So my guess for now is there will be a shortage of money, but not much else.<<<