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    It is amazing that new vehicles and equipment is selling so well… and manufacturers have never made more profits… good used equipment is available… to anyone who cares enough to take the time to find needed equipment.

    It is like the vast majority of humanity is brain washed/dead.

    Cheers

    Comment


      The disdain for e.v. is priceless

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        US Financial Sector is in Bearish territory.


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          Bank of Canada is deer in-the-headlights right now.

          Banging the rate hike talk while Canada’s recession deepens. BOC will likely pause rate hikes again. But may be forced to make an emergency rate cut soon as the debt crisis implodes.

          Inflation is the least of their worries . . . .

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            Originally posted by TOM4CWB View Post
            It is amazing that new vehicles and equipment is selling so well… and manufacturers have never made more profits… good used equipment is available… to anyone who cares enough to take the time to find needed equipment.

            It is like the vast majority of humanity is brain washed/dead.

            Cheers
            Two of my neighbors pulling new 40ft degelman vt's this week. What's that about 9 super b's of canola maybe ?

            Comment


              I'm trying to remember how governments and central banks responded the last time the banks were in trouble, and banks were failing.
              But maybe its different this time, and they will sit idly by and let them all fail, let the economy collapse.

              Comment


                Originally posted by AlbertaFarmer5 View Post
                I'm trying to remember how governments and central banks responded the last time the banks were in trouble, and banks were failing.
                But maybe its different this time, and they will sit idly by and let them all fail, let the economy collapse.
                The flavour of what they call it changes last time it was a bailout of $800B which ultimately lands on the taxpayer, this time I expect a bailin. Likely a 20%-30% haircut off of all account balances.

                Comment


                  Originally posted by biglentil View Post
                  The flavour of what they call it changes last time it was a bailout of $800B which ultimately lands on the taxpayer, this time I expect a bailin. Likely a 20%-30% haircut off of all account balances.
                  Definitely a high probability. The legislation is all in place to make it happen too. One of the things in the back of my mind which contributes to my preference of keeping money in a grain bin instead of the bank.

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                    It’s time to move our money outta Canada. There’s no hope for this country with Trudeau at helm.

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                      BC NDP govt has been caught buying street drugs on the black market for handing out to street addicts (compassionate to do so apparently?). What a messed up concept.
                      Meanwhile, 90% of household income goes to housing in Vancouver, insane.

                      Comment


                        Originally posted by Taiga View Post
                        BC NDP govt has been caught buying street drugs on the black market for handing out to street addicts (compassionate to do so apparently?). What a messed up concept.
                        Meanwhile, 90% of household income goes to housing in Vancouver, insane.
                        How convoluted can they be?

                        Comment


                          Originally posted by errolanderson View Post
                          Bank of Canada is deer in-the-headlights right now.

                          Banging the rate hike talk while Canada’s recession deepens. BOC will likely pause rate hikes again. But may be forced to make an emergency rate cut soon as the debt crisis implodes.

                          Inflation is the least of their worries . . . .
                          I am far far more concerned with the 40% crash in canola price than bank’s failure in Canada right now . We are getting completely fleeced
                          Yes you bring up some good points , but you have been beating this horse for years .
                          Some of us , some worse than us Are taking a beating far worse than others . Don’t really care if multi millionaires loose their shirt on Wall Street , 98% of us here farm .. and are taking a real live shit kicking that pay the bills for a huge industry as well
                          Last edited by furrowtickler; Oct 26, 2023, 00:31.

                          Comment


                            Interest rates are always suppressed by central banks. Market rates of interest would be much higher. Right now it we are in a situation where the central bank is printing money to keep the interest rate down to 5% which is the precise situation that we were in in 1979. This means that rates will go higher because the demand for credit is so great due to refinancing and income replacement needs in a faltering economy. Have to borrow to eat thing as unemployment rises. The BOC (and other central banks) is hoping they will not have to raise rates further but that is likely inevitable unless they decide to run the printing press 24/7 again. Central banking is now irrelevant and market forces are taking over. This is the reason commodity prices are falling. Remember the 1980's. I made a large barley sale a couple of days ago. (Thanks Errol). The inability of players to adjust to the new reality quick enough is what causes depression. In both the late 20's and early 80's inventory was held on too long. Fertilizer prices will start to fall soon. Debating whether to clean wheat or barley for next spring. Barley was profitable in 23, wheat was a looser mainly due to a pre priced barley contract.

                            Comment


                              Originally posted by sumdumguy View Post
                              It’s time to move our money outta Canada. There’s no hope for this country with Trudeau at helm.
                              Biden aint any better. US added $600B of debt last month a feat that once took the US 200yrs since the time of confederation.

                              Sovereign debt has gone vertical and interest payments on that debt are nearly equivalent to the entire tax revenue of the feds.

                              Comment


                                AJL.
                                Which inventories will be held too long? How long?

                                One slight difference between 1920, 80, and today, is the velocity and volume. Inventory practices are different and the internet compounds. Price discovery accelerates.

                                Comment

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