northwest central Oklahoma | Who said everything was so bad? The stock market has been good, unemployment low, and interest rates have been manageable. Why screw it up? We have for a very long time produced more in this country than we can consume. Markets for our over production are sometimes hard to develop and usually easy to mess up, sometimes taking many years to get back. An example would be what has happened to the price of grain sorghum. We decided last fall to put tariffs on washing machines from China. I read a week ago that a washer and dryer set is now 17% more expensive here than it was before the tariff. No big deal. How often do I buy one. In retaliation China quit buying grain sorghum. The price dropped very similar to what has happened to soybeans. Sound familiar. Other countries don't need to enact counter tariffs. They just quit buying our stuff and look for other sources.. |
Orders for beef and pork being cancelled
