john250
Well-known member
OK, along with the stock market the commodity markets are tanking. Probably, to many of us on CT, that is more immediate to our finances.
Oil was what? $140/bbl at its peak? Now low $80's/bbl.
Corn hit $7.50/bu. around July 4. Todays close on Dec. Corn was $4.08.
Sadly, calves seem to be going down even as corn gets cheaper.
Now, the Great Depression was our last significant deflation. My life and my experience is with inflation as the problem.
Could we be headed back to $.30/lb calves and 1.50 corn? $1.00 gasoline? $20,000 homes? It seems a little far fetched, but a lot of things seemed far-fetched on Jan 1 2008.
Oil was what? $140/bbl at its peak? Now low $80's/bbl.
Corn hit $7.50/bu. around July 4. Todays close on Dec. Corn was $4.08.
Sadly, calves seem to be going down even as corn gets cheaper.
Now, the Great Depression was our last significant deflation. My life and my experience is with inflation as the problem.
Could we be headed back to $.30/lb calves and 1.50 corn? $1.00 gasoline? $20,000 homes? It seems a little far fetched, but a lot of things seemed far-fetched on Jan 1 2008.