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Jim Rogers and his macro outlook
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badjaccs
Posted 2/12/2017 11:50 (#5834398 - in reply to #5834364)
Subject: RE: Jim Rogers and his macro outlook


Missouri
I like this line from that article. "Too much debt, poor capital allocation decisions".
I know of a lot of farmers that bought a lot of stuff that won't make them any money. $700,000 homes, cabins in the mountains, houses on the lake, $75,000 boats. $400,000 shops (when you have a fleet of brand new equipment what do you need a shop for?). $7.00 corn did not do these guys any favors. I say one more year and Katie bar the door!
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