Bidumbnomics

[Terrel L. Shields]

 

[OSU Beavers]

Bidenomics at work.

 

[Fernando]

Thank you Biden for two great years of appraising! And vacation for me afterwards.

 

[Charles West]

The market is surprisingly sanguine this morning given the political uphevel over the weekend. Wall Street has made the adjustment seamlessly to the change in administrations on November 3rd.

 

[Fernando]

The market is surprisingly sanguine this morning given the political uphevel over the weekend. Wall Street has made the adjustment seamlessly to the change in administrations on November 3rd.

We're you expecting stock market to go up because Biden dropped out.
MAGAs are disillusion. When stock market went up one time, Trump attributed because of him. How pompous.

 

[IlliniApp]

https://www.agweb.com/news/machinery/john-deere-dismissing-significant-portion-global-salaried-workforce

Deere may be laying off up to 15% of its salaried global workforce.

 

[Terrel L. Shields]

https://www.agweb.com/news/machinery/john-deere-dismissing-significant-portion-global-salaried-workforce

Deere may be laying off up to 15% of its salaried global workforce.

They are already fighting off a lot of unhappy customers over "right to repair".

And lower product prices and high interest is slashing demand for equipment. So, have you seen any decrease in the price of veggies and meat? from Agweb -

​

The downturn is primarily caused by falling crop prices and high interest rates, Reuters reports. As corn and soy prices hit a three-year low, farmers are less inclined to invest in new machinery, leading to an inventory surplus and reduced sales for equipment dealers. Notably, manufacturers like Deere and CNH Industrial are facing financial pressure due to slower sales after experiencing a boom in 2022 fueled by high farm incomes and pandemic-related financial support.​

​

Dealers are responding by halting new orders, auctioning equipment, and offering heavy discounts and favorable financing terms to reduce inventory levels. Inventory of high-horsepower tractors and combines has significantly increased, with tractors seeing a nearly 107% rise year-over-year. This inventory glut is prompting concerns about maintaining profitability, leading some dealers to turn to auctions as a quick solution to offload surplus stock. This strategy, however, is impacting the pricing dynamics of both new and used machinery in the market.​

 

[OSU Beavers]

 

[Charles West]

Looks like the Keynesian juggernaut is running on fumes, spitting out some bad numbers for the organic economy this morning. Expect the professional projectionists to blame Trump.

 

[Terrel L. Shields]