Fiscal cliff and grain prices

[errolanderson]

bucket . . . realize the carnage that
Trudeau created for Western Canada. But
the starting point (in my mind) was in
the Clinton era.

Clinton stated every American deserves a
house . . .(whether you have a job or
not). This false sense of entitlement
was a beginning for problems in Wall
Street and the ridiculous greed-based
boom 'n bust of the American housing and
mortgage industry.

At its peak, Phoenix houses were being
financed for interest only payments, no
principal. Why? because housing prices
were only going to go higher and never
break. Any prudent investor would know
that . . . right?

Absolutely ridiculous thinking and greed
all the way. And then Dick Cheney
stated; that debt doesn't matter in
2005.

This is the vice-president saying 'debt
doesn't matter'

Bucket . . . in my head it was our
generation that got these markets in the
biggest mess. But you right about the
eastern attempt to control western
resources in the 1970s did little to
boost our economy.

[checking]

You had your chance to spend the value of your labour the week you received it. Oh geez you did that and you're still in a position of having little. The 80 year old Mexican lady had a day to day excuse for never getting ahead. What's your excuse, and it's not inflation.

[VK58]

The thing that keeps me awake at night is the fear that our truly productive members of our society will either say screw it and quit or move to a less costly enviroment.Either way that 80 yr old loses. I know cotton you are going to say it already has in some areas.
Enjoy both errol and cottons posts, different paths but same ultimate destination.

[cottonpicken]

That mexican lady went through a couple bad
currency devaluations,lost 50% overnight in 94,when
her president told her everything was fine a few days
before,paradoxically it was government spending who
kicked her in the teeth,that spending wasn't going to
social programs,but that doesnt matter because even
if it was the haircut was still coming.