Sunday, April 3, 2011

Bad news, good news

Bad news: seems as though quantitative easing has worked its magic. Inflation is here. Third World countries are in commotion, and families in the U.S. are strapped.

Good news: in commodity price increases are helping rural America. The majority of the world's grain is grown in the Midwest and Great Plains regions. And they cost more. So farmers are earning more, they are hiring more, they are spending in town more. Farm land prices are increasing.

A lot of that money is being redistributed to urban municipalities, so our schools and roads are not improving. But farmers are still doing well.

The good news has not yet improved life attitudes among rural dwellers. But a lag time usually exists between statistical improvement and the trickle down to people's lives.

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