Courtesy of Russ Winter of Winter Watch at Wall Street Examiner
The Rural Main Street index covering the month of July is out showing more nosedive. Notice however, that the speculative sector (loan volume, farm land prices, and home sales) is far outperforming the real economy indicators of (CDs/actual savings, retail business, equipment sales, future economic expectations). I attribute this to the prevailing psychology of the day, namely that “somebody” will come to the rescue with money printing, and more maladjustment “opportunities”. Presidente Hopium is campaigning on some ludicrous strategic pork reserve scheme to “help farmers”. Incredible that this mentality holds even in drought impacted rural communities. The thinking is that only assets count, even if not supported by the real economy. This is the anti-thesis of the old school way of viewing things.
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