Major Bank Warns Of Imminent Problems In U.S. Farming Industry: “Dire Straits”

Despite the government’s ‘advice’ to young debt-laden students, thetragedy of the American farmer continues with worryingly pessimistic views on the future of the industry. With farmland prices falling for the first time in almost 30 years, credit conditions are weakening dramatically and the Kansas City Fed warns that persistently low crop prices and high input costs reduced profit margins and increased concerns about future …

Is the Stock Market Another Bubble? – DEAN BAKER

The stock market has recovered sharply from the lows hit in the financial crisis. All the major indices are at or near record highs. This has led many analysts to worry about a new bubble in the stock market. These concerns are misplaced. Before going through the data, I should point out that I am not afraid to warn of …