Did the whole economy colapse?

This is getting more than a little depressing.

Don't know , but one of these days the bottom will fall out once again . Since i don't have any stocks to worry about and vary little money i will not get hurt as bad as the people with lots of big bucks and lots of stocks. If the whole power grid goes down and the nat gas stops flowing thru the pipes then we may have a problem . Might have to move in with one of my friends that have a gas well . I can convert them OLD gas tractors to run off the gas from the wells , may not be pretty but it will work and we can have light and heat and FOOD. And yes we all have a stock pile of ammo .

I'm about to go buy a tin cup while I can still afford it.

Seems to me it's been a slow decline taking for instance senior citizens who once earned income from bonds and interest. That's dried up. In this area it's hard for the young ones to get a foot hold with low paying jobs so they live with or with the aid of parents. I'm surprised there aren't more laments.

Good answer!!!! ;-)

I don't know why but I see a lot of outfits are offering free shipping on their stuff lately.

I have heard recently several super large cargo ships have been dry docked do to lack of work and Also several harbor tugs are getting laid up to

Save your money i have a couple old bean cans and some OLD lead solder we can make them .

Add hamburger meat to that tin cup. Went to the store yesterday. Hamburger meat is now 4.25 a pound.So for me. No tin cup and no hamburger meat. Can't even afford to be poor anymore.

You have to learn to take the bad which usually follows the good!
Maybe you could sell that new haybine you just bought!

Here in the part of Iowa I live in you would never know there is a shortage of money. The local town is offering seven year tax abatements to anyone who builds a new home in the city limits. All kinds of homes being built starting at 250,000 and up to 750,000. The sad part is some of these people will move when their tax abatement is about over.

Real similar to a year in the early 70's(73?) when the bottom dropped out of the cattle market in the Fall, prices had been higher than ever Spring thru Summer.Economy is always good around my area now because
many of the people living here are living off all you other folks' tax money(LOL)

The economy is just fine!
The Great One at 1600 Pennsylvania Ave. has decreed it so.

I just had dinner in a restaurant in Milwaukee. The cheapest steak on the menu was 24.95. Maybe I shouldn?t complain. That did include salad and a baked potato. Bread and butter, too. (The beer was extra)(;>))

(quoted from post at 18:27:28 11/09/15) Here in the part of Iowa I live in you would never know there is a shortage of money. The local town is offering seven year tax abatements to anyone who builds a new home in the city limits. All kinds of homes being built starting at 250,000 and up to 750,000. The sad part is some of these people will move when their tax abatement is about over.

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Lots of apartments being built around here, and condos. Not a lot of single family homes.

Hi
Somethings happening, The guy across the next mile corner from me up here in Canada was a self employed trucker, hauling loads from sk down south. He changed trucks a couple months ago Now he tells my dad he's sold out of trucking and working a job in a feed lot. Apparently the truck work evaporated over night. Just got off the phone with another guy, he said did i need anything from south shipped north to Canada. There is a guy close to him was flat out busy, and going to run a second truck. Company told him don't bother there is not enough work. His one truck has sat a week looking for a return load from the U.S after he drops off the lumber thats on it now.
I have been watching backhoe loaders in the U.K, there is a lot of them coming on the market they are slowing down in sales cheaper and expensive ones are not selling right now, I hear from friends over their the economy is tanking as well. Farmings down the can, and a few other things to. Kinda hoping I can get a machine shipped in a buyers market next spring.
Regards Robert

Bottom has only fell out for farmers here . Gravel truck drivers are getting $25.00 a hour to steer company rigs , and they are in short supply. Numb skulls are getting $12.00-$14.00 , to do any kind of labouring job. Gettin so I can't afford myself, maybe I'll have to lay me off !

The bottom should have dropped out of the whole US economy 8-10 years back, if not before that. The only thing keeping it going are the artificial supports and limits and tax money. The last one is going to dry up at some point.

(quoted from post at 09:42:57 11/10/15)

The bottom should have dropped out of the whole US economy 8-10 years back, if not before that. The only thing keeping it going are the artificial supports and limits and tax money. The last one is going to dry up at some point.

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Actually, I have to correct myself. It's not tax money that keeps it going. It's BORROWED money and dollars produced with nothing to back them except the acceptance that they have value.

I, for one, certainly wouldn't want to be the next guy sitting in the Oval office! He/she had better be the best man/woman to ever hold the office in the history of this country, and that may not be good enough. This person had better be prepared to make life-long enemies of 47% of the population. They better be able to do it in 4 years, too, because if he/she does what they need to do, he/she will never get elected to a second term.

(quoted from post at 08:23:36 11/10/15) I, for one, certainly wouldn't want to be the next guy sitting in the Oval office! He/she had better be the best man/woman to ever hold the office in the history of this country, and that may not be good enough. This person had better be prepared to make life-long enemies of 47% of the population. They better be able to do it in 4 years, too, because if he/she does what they need to do, he/she will never get elected to a second term.

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Even with the right president it will never happen.....congress won't let it.

To me, your numbers prove the bottom has fallen out. We were getting $17.00/hr 37 years ago as a laborer in construction. When I hired in with a municipality in 1985, I took a 50% pay cut for better benefits and a pension.

Really its worse than that its 'money' created out of thin air by the Fed.

it was said when the banks tankt in 2008 that we could get thru this in 2-5 yrs , if we wisely took our medicine and put corrective measures in place ,,.. or we could go the stupid way ,, and take 15 -25 yrs .. that is how long it will take all the stupids to either learn their lesson and steer rite or for the stupids to die off ...sadly the leaders of this once wonderful USA are going the stupid way ,, and we shall suffer and suffer and suffer

Spook - funny how they always try to put a positive spin on this fact declaring that younger professionals don't want to be saddled with a house, and they want their freedom to move around.

What they don't quite get is that this isn't a "want" - it's a necessity. Young people can't afford the houses to begin with because they're so in debt with the student loans the government helped them get
- and they HAVE to remain flexible geographically speaking because, even though they may be white collar workers, they now have to travel around the country following work like migrant workers following
crops.

Our society is failing on so many levels, but - we have a competitive schism in our government so the truth was the first thing that had to go.

Remember when you used to read about Russia or China - other country's governments who would feed outlandish lies to their citizens that flew in the face of common sense, and you'd wonder if any of them
actually believed it, or if they just accepted it as propaganda? Well - we're part of that club now.

The farm economy has been unusually strong for the last ten years. It may not be a collapse so much as a return to normal levels.

(quoted from post at 16:18:24 11/11/15) The farm economy has been unusually strong for the last ten years. It may not be a collapse so much as a return to normal levels.

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That's not quite true with livestock. Cattle was at rock bottom as recent as 5 years ago. Cattle prices had a pretty good ride for a couple of years but that's about all. There were other commodities that haven't shared the highs of the last decade But I mostly agree with what you say.

(quoted from post at 15:18:24 11/11/15) The farm economy has been unusually strong for the last ten years. It may not be a collapse so much as a return to normal levels.

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Winner, winner, chicken dinner.

Guys, how many times do we have to go over this? OK, once more: Commodity prices are set by SPECULATION. That's a fancy word for "guessing". They are guessing what future demand might be.

Now maybe they guess right or maybe they guess wrong. The point is you cannot tie a decline in commodity prices to a actual direction in the economy.

Commodity prices only indicate future direction if they end up being right. But we'll only know about that when the future gets here.

SS55 is exactly right. Look at the 10 year or 20 year charts. Down markets are not a crash, often they are a return to normal or average prices.

Here's the real story in brief:

Chinese demand pulled way back this summer after a terrible July and August in their stock market and confusion over their government's lack of policy direction regarding a host of issues.

The China slump hit the chicken littles on Wall Street the same time as other US data and the big selloff was on. The commodity guys also hit the panic button based on record crop harvests and indications of surplus inventories. That drove everything from hog bellies to beef to fish gut prices lower on the futures.

The the Chinese govt got their sh!t together and calmed the market panic. US unemployment hit a 10 year low of 5.0x%. US commodity prices including beef are on the decline because inputs are on the decline, it has gotten really cheap to feed those cattle with sub $4 a bushel corn, and cheap oil to run tractors on, why should cattle prices defy gravity?

Outlook for next year? More of same, a mixed bag. Low oil prices are bad for the oil biz and fantastic for everyone else. Cattle prices will continue to a slow decline, finding bottom in summer and then will hold pending crop forecasts. Row crop prices will increase slightly as marginal ground put back into production during the boom is slowly pulled back.

Grouse

Not to argue Grouse, but the US UE index is only at 5% if you ignore the UE6 index. It's more like 10%. Better than the 15% it was, but still, there are 90 million working age Americans not producing.

Let's look at the source of the info . And what they have to gain by sending that message .