• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

To whom it may concern,

Collapse
X
Collapse
 
  • Time
  • Show
Clear All
new posts
  • cottonpicken
    Senior Member
    • Apr 2006
    • 6993

    To whom it may concern,

    Wall street is getting nervous and the dollar is falling off a cliff.

    Soon farming isnt going to look so bad.

    Were about to enter our "new" trading range.Like we did in 73/74.

    If you want to watch something really funny(and scary) go to youtube and search jim cramer and go to the newest clip.Jim is a cnbc reporter and on friday he went crazy on live tv.A light bulb must have turned on in his head.
  • kamichel
    Senior Member
    • Jan 2007
    • 631

    #2
    Will the Canadian dollar fall with the American one? What affect will this have on interest rates? Just wondering your opinion.

    Comment

    • cottonpicken
      Senior Member
      • Apr 2006
      • 6993

      #3
      I believe our dollar will rise substancially.Interest rates will also go up.

      Comment

      • IAMTHEMOLE
        Senior Member
        • Jun 2005
        • 120

        #4
        Cramer just lost it. He sounded like one of us.

        Comment

        • dalek
          Senior Member
          • Oct 2000
          • 1553

          #5
          Anybody with floating rates out there, might want to consider changing to fixed. The spread in some institutions is very tight between floating and fixed right now, we're just locking our farm mortgage at 7.5%, currently floating at 7.25%. Usually at least a 0.5% spread

          Comment

          • kamichel
            Senior Member
            • Jan 2007
            • 631

            #6
            I could be wrong but isn't prime at 6.25 right now?

            Comment

            • wedino
              Senior Member
              • Oct 2000
              • 549

              #7
              CP, Like '73/'74 I think grain price has more to do with supply/demand than the fact US $ is headed down. Gold, on the other hand, should take off with the US dollar weakness. What is stalling gold?

              Comment

              • kamichel
                Senior Member
                • Jan 2007
                • 631

                #8
                Dalek not sure of your financial situation but I think you should shop for better interest rates. Checked my financial institution and prime is 6 1/4. Some of my floating is at prime and some at .5 over. One year term is .5 over prime. Just finished a two year term in Jan. that was locked at 4.75 Bought some land when interest was low. Borrowed 100 percent, just put up extra land as collateral.

                Comment

                • Reply to this Thread
                • Return to Topic List
                Working...