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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] True????
  • Date: Tue, 28 Oct 2008 09:02:35 -0700 (PDT)

Everything depends on the dollar. If inflation whips, petro will holler
...bobf

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--- On Tue, 10/28/08, DSanner106 AT aol.com <DSanner106 AT aol.com> wrote:

> From: DSanner106 AT aol.com <DSanner106 AT aol.com>
> Subject: Re: [Homestead] True????
> To: homestead AT lists.ibiblio.org
> Date: Tuesday, October 28, 2008, 9:47 AM
> yup,
> I agree. I don't see oil shooting back up anytime
> soon, actually. Demand
> is down, and the economy
> will not improve greatly for a while. This mirrors most of
> the world right
> now. The oil producing nations will
> take what they can get for it, and right now that is less.
> I am actually
> more worried about the 50% drop
> in corn and soy beans. The world market is hurting so that
> too will stay
> down. Our family farm passed
> down this year, had that happened next year and we faced
> 45% inheritance tax
> we would have lost it. The
> lower crop prices mean that banks would not have even
> loaned the money to us
> if we had wanted to mortgage our lives to pay the tax. Dire
> times ahead.
> Another victory for the genetically engineered corporate
> farms.
>
> Drew
>
>
> In a message dated 10/28/2008 11:30:48 A.M. Eastern
> Daylight Time,
> don.bowen AT earthlink.net writes:
>
> Oil prices are plunging for a variety of reasons. The
> unwinding of the
> commodities futures market as holders are desperately
> trying to raise case
> in a down market is one part. The big or small part
> depends upon how much
> you thought speculators were responsible for the upswing.
> Look at Copper as
> an example. It was trading well over $3.50 several months
> ago, now it is
> below $1.90. Other commodities are the same as holders
> see demand
> destruction
>
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