Oil Setback Long 'n Painful

[SASKFARMER3]

Free wheat I agree selling canola for 5 or less is not fun. Oats under a dollar or flax with a 6 not 16!
It can and could happen. History repeats I always say. If houses in city drop by 63% wo wow the shit will hit the fan then all the Canadians who purchased homes in the USA using their home in Canada as security. Ouch this could be a ugly ugly year. Last time oil dropped the financial crash happened a few months later could that be May!

[SASKFARMER3]

Does any one else wonder if buying anything ahead of spring seeding was wise this year?

[phoenix64]

Yes sf3 I'm thinking waiting till spring may have paid off, but pulled the trigger this week on fertilizer and canola seed, just didnt have the nerves of steel to wait for the input suppliers to drop the ball

[Klause]

With all the money getting printed ask yourself how we can still have deflation for very long.


Things are going to start happening very very quickly.

[Hopperbin]

So land is cheap buy it. Buy it all. Bid more. Klause the new bto.

[ALLFARMER]

Still so fn busy in Grande Prairie. Test equipment going out, frac ponds going up and down daily from edson to fox creek to fort St. John

Can't wait to see the look on there faces when I tell'em I need 10 days off to go cruising.

[canolacrazy]

the so-called experts have predicting higher interest rates for 2 years. anyone notice that it's not happening. the message is pay off debt, sell stocks and go to cash as much as possible. be happy if your land is paid off. just like some are doing now, waiting to fill their tanks as long as possible because tomorrow the gas and diesel price might be lower.
that's deflation, and it's scaring central bankers everywhere.

[fjlip]

Hate to be a supplier or working for one. Pay cuts for everyone? Layoffs and million dollar houses to pay off!
How about the inventory some are carrying?
Machinery dealers lots are full. Next Ritchie will be interesting. Got an auction booked? Values are evaporating.
Lucky interest rates are SFA, maybe they will go lower? Keep floating, lock in lower rates in future? Nothing but stress.

[Rareearth]

First deflation then inflation.

The velocity of money, demand, is low right now. Every one is pulling back, saving, paying off debt, etc. the Fed can print all the money it wants, banks aren't lending, the opposite is happening, interest rates are too low right now, when interest rates start to increase hold on, it will be turbulent.

[SASKFARMER3]

Allfarmer Grand Prairie is booming. Ah if the price keeps dropping and goes to 35, you will be able to shoot a gun down main street at noon on any given day and not hit a single person car or dog.
This is serious shit. Not Not in my back yard were ok and will weather the storm.
Million dollar homes in Calgary will be empty. Ok Broad Ass maybe already!

[sumdumguy]

not just Calgary, big new homes built on oil credit all over Alberta and Saskatchewan. They could be under water very soon with the loose lending practices. Guess who is on the hook, the taxpayer through CMHC.

[SASKFARMER3]

No small town home is worth over 300000 100 miles from a city. Sorry not even close. Also never were homes in our area 850000 and the hood never was 100000.
Homes were way over priced.