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Coffee Shop
Another recession?
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<blockquote data-quote="Stocker Steve" data-source="post: 988016" data-attributes="member: 1715"><p>There is always another recession on the way. Harder question is it when and where will it hit.</p><p>Factory jobs are still going overseas to avoid US taxes. Labor costs are not the issue. The remaining factory work has slowed recently. Folks that want to work a lot usually head for the ND oil fields.</p><p>The very very few folks that farm a lot of ground are doing well. Livestock not so much. Dairy is hurting, and a grass finishing buddy who is a numbers guy is really concerned about the beef gross margin going down.</p><p>Government spending of money we don't have is propping up the banks and driving the stock market. Investors are doing OK right now but the low inflation rates tell you that most folks are not optimistic enough to chase purchases.</p><p>Construction has picked up a bit. Some new, but a lot of remodels and updates paid for with cash.</p><p>Big trend is we have become a colony again. :shock: Folks that are exporting food or minerals (and selling oil services or JD tractors) are doing great. The rest struggle to buy imported factory goods at Wal Mart.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 988016, member: 1715"] There is always another recession on the way. Harder question is it when and where will it hit. Factory jobs are still going overseas to avoid US taxes. Labor costs are not the issue. The remaining factory work has slowed recently. Folks that want to work a lot usually head for the ND oil fields. The very very few folks that farm a lot of ground are doing well. Livestock not so much. Dairy is hurting, and a grass finishing buddy who is a numbers guy is really concerned about the beef gross margin going down. Government spending of money we don't have is propping up the banks and driving the stock market. Investors are doing OK right now but the low inflation rates tell you that most folks are not optimistic enough to chase purchases. Construction has picked up a bit. Some new, but a lot of remodels and updates paid for with cash. Big trend is we have become a colony again. :shock: Folks that are exporting food or minerals (and selling oil services or JD tractors) are doing great. The rest struggle to buy imported factory goods at Wal Mart. [/QUOTE]
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Another recession?
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