New Tractor Sales Are Declining

[check]

Well, I guess that chart is kinda like “how far do you want to go back in time“?
It appears from that chart that interest rates are at a 24 year high? Highest since 1999-ish?
So that means for anyone of house buying age you’d have to probably be over 45-50 years old to “feel good” about today’s interest rates.
So that means anyone under 45-50, which is primarily a lower income age group (1st & 2nd time home buyers) that are getting beat up with today’s interest rates.

Now add to that the new taxes imposed on energy for heating/lighting homes, plus ever increasing property taxes and you’ve got plenty to be upset about.
Then there’s increased food costs and gasoline costs.

Leaves little for optimism.

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

 

[Cahaba Valley Farm]

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

Yikes!

 

[TN8Man]

When was the last time you saw someone paying cash?

I see people using cash all the time, including myself. Does your wallet have cash in it? I can't remember a time when my wallet didn't have cash in it.

But CBDC digital currency is not the same thing as electronic fund transfers to and from your banking accounts.

 

[Cahaba Valley Farm]

I see people using cash all the time, including myself. Does your wallet have cash in it? I can't remember a time when my wallet didn't have cash in it.

Your market must be the exception because 99.9% of people where I live use their debit and credit cards.

 

[TN8Man]

Your market must be the exception because 99.9% of people where I live use their debit and credit cards.

Of course people use credit cards, including myself, but we also use cash.

 

[TN8Man]

CBDC will eventually replace the existing financial system and could eliminate the needs for traditional systems and institutions like banks.

What Is a Central Bank Digital Currency (CBDC)?​

 

[Hay Dude]

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

Like I said, you’d have to be over 50 for that to be a comparison.
A 50 year old mortgagee was just a baby then.
Most mortgagees are under 50

 

[Snobdds]

CBDC will eventually replace the existing financial system and could eliminate the needs for traditional systems and institutions like banks.

What Is a Central Bank Digital Currency (CBDC)?​

A CBDC is just an electronic dollar. It will be backed by dollars and pegged 1:1 to the value of a dollar.

There is a huge need for a digital currency not controlled by banks or the fed. It can't be subject to devaluing caused by money printing. The fed controls the value of our money and over the long term, that is not a good thing. The fed needs competition on maintaining value of a currency.

 

[TN8Man]

A CBDC is just an electronic dollar. It will be backed by dollars and pegged 1:1 to the value of a dollar.

There is a huge need for a digital currency not controlled by banks or the fed. It can't be subject to devaluing caused by money printing. The fed controls the value of our money and over the long term, that is not a good thing. The fed needs competition on maintaining value of a currency.

The CBDC or Central Bank Digital Currency will be created and controlled by the Federal Reserve. The Federal Reserve is a central Bank for the USA and part of the global central banking system. The Federal Reserve is not a US government agency.

 

[Snobdds]

The CBDC or Central Bank Digital Currency will be created and controlled by the Federal Reserve. The Federal Reserve is a central Bank for the USA and part of the global central banking system. The Federal Reserve is not a US government agency.

I don't know what you're trying to say here. This is known.

 

[TN8Man]

I don't know what you're trying to say here. This is known.

I was just pointing out that CBDC will be controlled by the Fed so unfortunately the value can still be influenced by Fed actions, printing money and government spending. I agree we need a more stable currency and I don't think CBDC is the answer.

 

[WM75Guy]

The CBDC or Central Bank Digital Currency will be created and controlled by the Federal Reserve. The Federal Reserve is a central Bank for the USA and part of the global central banking system. The Federal Reserve is not a US government agency.

Might want to check again. The Federal Reserve is part of the US government. It was created on December 23, 1913, with the enactment of the Federal Reserve Act by Congress.

The framers of the Federal Reserve Act purposely rejected the concept of a single central bank. Instead, they provided for a central banking “system” with three salient features: (1) a central governing Board, (2) a decentralized operating structure of 12 Reserve Banks, and (3) a combination of public and private characteristics.

Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest.

There are three key entities in the Federal Reserve System: the Federal Reserve Board of Governors (Board of Governors), the Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC). The Board of Governors, an agency of the federal government that reports to and is directly accountable to Congress (figure 1.2), provides general guidance for the System and oversees the 12 Reserve Banks.

Within the System, certain responsibilities are shared between the Board of Governors in Washington, D.C., whose members are appointed by the President with the advice and consent of the Senate, and the Reserve Banks and Branches, which constitute the System’s operating presence around the country. While the Federal Reserve has frequent communication with executive branch and congressional officials, its decisions are made independently

It even has a .gov URL.

Home

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Cahaba Valley Farm]

There is a huge need for a digital currency not controlled by banks or the fed. It can't be subject to devaluing caused by money printing. The fed controls the value of our money and over the long term, that is not a good thing. The fed needs competition on maintaining value of a currency.

Snob long time no see. How are you?

Cryptocurrency demonstrated that a currency with no regulation is not possible do to fraud and greed. The other angle of it is the Central Banking system has no intention of giving up control. If anything, a digital currency is headed towards a world currency which is headed towards the mark of the beast.

 

[TN8Man]

Might want to check again. The Federal Reserve is part of the US government. It was created on December 23, 1913, with the enactment of the Federal Reserve Act by Congress.

The framers of the Federal Reserve Act purposely rejected the concept of a single central bank. Instead, they provided for a central banking “system” with three salient features: (1) a central governing Board, (2) a decentralized operating structure of 12 Reserve Banks, and (3) a combination of public and private characteristics.

Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest.

There are three key entities in the Federal Reserve System: the Federal Reserve Board of Governors (Board of Governors), the Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC). The Board of Governors, an agency of the federal government that reports to and is directly accountable to Congress (figure 1.2), provides general guidance for the System and oversees the 12 Reserve Banks.

Within the System, certain responsibilities are shared between the Board of Governors in Washington, D.C., whose members are appointed by the President with the advice and consent of the Senate, and the Reserve Banks and Branches, which constitute the System’s operating presence around the country. While the Federal Reserve has frequent communication with executive branch and congressional officials, its decisions are made independently

It even has a .gov URL.

Home

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

The Board of Governors is an independent government agency but the Federal Reserve is not a government agency.

Making Sense of the Federal Reserve​

I always liked G. Edward Griffin's explanation in his book and presentations "The Creature From Jekyll Island"

 

[MinnesotaEric]

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

The guy who taught me about bonds participated in that 198130-year Treasury auction where at one auction they were paying over 20% for thirty year bonds. He said, if the auction goes over 12% you buy with both hands because either the dollar will collapse and henchmen and ammo will become the new asset classes, or because such high-interest rates cannot be sustained, your bonds will appreciate in value if you don't hold them to maturity and in all likelihood, the coupon is paying more than long-term inflation.

 

[MinnesotaEric]

Cryptocurrency demonstrated that a currency with no regulation is not possible do to fraud and greed. The other angle of it is the Central Banking system has no intention of giving up control. If anything, a digital currency is headed towards a world currency which is headed towards the mark of the beast.

Did it? I must have missed it.

Might want to check again. The Federal Reserve is part of the US government. It was created on December 23, 1913, with the enactment of the Federal Reserve Act by Congress.

You might want to check that again. The Creature from Jekyll Island: A Second Look at the Federal Reserve

https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X

 

[Sid Post]

Why does “big brother “ care about when you buy coffee? The people who care are the advertisers and marketers.

It is all about tracking. Government agencies "mine" advertising data for all sorts of reasons.

If the government wants to know when and where "I get my coffee", they should ask me or get a court order if they aren't following me around.

I also despise targeted marketing and shopper profiles. Some of these are helpful but, some also target people for very questionable reasons. Since the data is for sale, criminals also use it for targeted SCAMS.

If OPM (Office of Personnel Management) can't keep my privileged and private information secure, why would I trust a commercial entity to do the same? The information stolen was not something simple to fix like a credit card number.

If you have ever had your identity stolen or house payments redirected to a third party for theft, you would likely feel differently about all these loyalty trackers.

 

[Sid Post]

Everyone who is invested in equities right now has lost money. Many have lost 20% or more. There are millions of retirees that are not able to retire now because of the change in market cycle. There is no "magic" investment profiles that can change that.

Your everyone doesn't include me. However, I started doing this in my 20's so, I have taken my lumps in the past when my account value was much smaller. And no, I don't play options or do the Wallstreetbets MEME stock thing either. I'm a classic stock picker and have done well during the COVID period in my 401K.

Define stable cash-oriented investments.

The classic is bonds or other short term high quality debt. Government TIPS and Bonds work well for some as well too! When I start banking cash, I will start with TIPS and then go to high-quality corporate debt for locking in cash-based returns for use during down stock market periods. High quality corporate debt will pay a little more than government bonds so, once I max out TIPS that's where I will look.

 

[Sid Post]

When was the last time you saw someone paying cash?

My last two tractors were 100% cash at delivery. The dealer was sort of waffling with letting me take the last tractor home, assuming a check on late Saturday until I pulled out a tall stack of $100's to pay in full.

I'm getting ready to buy my next tractor without any financing as I type this out.

 

[Sid Post]

Yikes!

Farm property where I lived was around 21%~24% during the period house mortgages were 18%. Wheat was also $1.02/bushel.