Comments on Fluffytek Art Blog: The skies are falling! The skies are falling!

Corn prices are rising for many reasons. 1st it w...

2007-10-29T02:53:00.000Z

Corn prices are rising for many reasons. 1st it was blamed on ethanol, but that was quickly debunked as other markets have not created enough corn. Right now in Iowa we are looking at too much corn that will have no markets to go to for a long time. My comment on the banks is that yes, what comes up must come down. I work for a bank in Iowa and the numbers of foreclosures are hitting very high. Used to be only 3 pages long, now much more then that on market and you can see the homes for yourself at www.pasreo.com Many of these homes are not your trashed ghetto houses.

Lin,Amen, I have not read a better overview on the...

2007-10-28T23:11:00.000Z

Lin,
Amen, I have not read a better overview on the worlds economy. You hit the nail on the head.

bt

Where did you say that nearest bridge was again???...

2007-10-28T20:11:00.000Z

Where did you say that nearest bridge was again???

(and yes... you certainly know your economics, unfortunately!)

Couldn't agree more my good friends. But on top of...

2007-10-28T18:11:00.000Z

Couldn't agree more my good friends. But on top of that I would add two words - Peak Oil. That's why oil prices have increased 40% in the past year. When independent international groups like the German Energy Watch Group are confirming an issue I've been following for the past 3 years, I'm convinced. See
http://www.guardian.co.uk/oil/story/0,,2196435,00.html
and
http://www.guardian.co.uk/society/2007/oct/03/guardiansocietysupplement.environment1
which sum up what I've been hearing for some time.

Add this to your economic forecast and my aren't we in for some fun!