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Coffee Shop
Time to Hit Lick
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<blockquote data-quote="1982vett" data-source="post: 694794" data-attributes="member: 7795"><p></p><p></p><p>Very few points in time in the last 100 years when that wasn't a fact of life. I believe anytime the ordinary citizens buying power does not erode more the 4-5% a year, then it was a good year. </p><p></p><p>One's loss in buying power is related to what you spend your money on. I'm not spending money on over priced housing, over priced automobiles, overpriced appliances, overpriced any other kind of toys. Energy expenses are down and current fertilizer prices are greatly reduced over last year. I am even on track show a considerable profit before taxes and depreciation on the cattle this year, even during the second year of drought conditions.</p><p></p><p></p><p></p><p>Old, old not so new "news". Little late to worry about bank failures. Another fact of life. The panic was last year, now it is just par for the course. Whether a bank fails or not is now determined by its political value.</p><p></p><p>Don't think one needs to have the "deer in the headlights" feeling until congress is back in Washington. To bad that is just a short time from now.</p></blockquote><p></p>
[QUOTE="1982vett, post: 694794, member: 7795"] [i][/i] Very few points in time in the last 100 years when that wasn't a fact of life. I believe anytime the ordinary citizens buying power does not erode more the 4-5% a year, then it was a good year. One's loss in buying power is related to what you spend your money on. I'm not spending money on over priced housing, over priced automobiles, overpriced appliances, overpriced any other kind of toys. Energy expenses are down and current fertilizer prices are greatly reduced over last year. I am even on track show a considerable profit before taxes and depreciation on the cattle this year, even during the second year of drought conditions. Old, old not so new "news". Little late to worry about bank failures. Another fact of life. The panic was last year, now it is just par for the course. Whether a bank fails or not is now determined by its political value. Don't think one needs to have the "deer in the headlights" feeling until congress is back in Washington. To bad that is just a short time from now. [/QUOTE]
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