Economic question for gurus

[farmaholic]

Mild deflation is good for the little guy as a basic standard of living becomes more affordable. Best thing that happened for lower income people has been lower gas prices the past couple of years. Deflation is not good for governments buying votes and large leveraged asset holder such as most farmers. I do think that we have started the 30 year bear market for assets: stocks, bonds, precious metals, real estate etc, as the bubble has to get deflated sometime. If one had said to use low interest rates to reduce debt at any time during the last five years you would have been considered a lunatic.

But Sask farmland defies all economic rules(especially economic sense and depreciation).... Buy buy buy because at these levels it can't go down, only up. It doesn't have a downside.

[parsley]

The combination of debt load and out of control taxation is just beginning. And interest rates have begun their journey ^.

The most important thing every farmer who has debt can do, is pay it down as fast as you can.

And stop spending. *


When everyone decides to sell their motor homes and campers and boats to pay their visas, there will be no buyers left.

Imho

pars.

greaterfool.ca is interesting

[Rareearth]

USA cuts corp taxes - Justin does the opposite


White House Budget Director Says 15% Corporate Tax Rate Is ‘Realistic’: The Trump administration is still pushing for a 15 percent corporate tax rate, the White House's budget director, Mick Mulvaney, told CNBC on Wednesday. "It is realistic to work for it. There is absolutely no question," he said in an interview that aired on "Power Lunch." "We want to see a corporate rate that brings companies back to the United States and that brings companies here for the first time. This is an American jobs program by getting this corporate tax rate down to 15 percent," he added. President Donald Trump, who is holding a bipartisan meeting at the White House on Wednesday, urged Congress earlier in the day to act quickly on his tax reform plan, which has yet to be fully revealed. Mulvaney, the director of the Office of Management and Budget, said the president has been frustrated by how slowly things are going and is not looking at Washington through a "partisan lens" anymore. However, he said the 15 percent corporate rate was "central" to Trump's plans. That said, the White House wants the most "sweeping tax reform that can pass" and will work with Republicans and Democrats to get it done. (Source: CNBC)

[furrowtickler]

"The bar is about to become a clothesline "
That is very true .

[parsley]

https://pbs.twimg.com/media/DJkfaFgUMAAEyfm.jpg:large

Pars