Basically he's saying it's just another bubble being created by the institutional investors who are buying-and-holding (not the traditional speculators who buy-and-sell and provide a very necessary role by creating market liquidity).
Whether it's tulips in the 17th century or tech stocks in 1999, those never end well.
I did read elsewhere a lot of this money is from the same investors who used to be funding the mortgage market and where driving the supply of dollars that created the lax lending standards, inflating the value of housing over the last number of years.
There was a time people...built things. Imagine what a few hundred billion dollars invested in nuclear power plants, in better freight railways, etc would do to help create good jobs, keep money in the U.S., and improve the fundamentals of the economy. Between legal / regulatory risk scaring some investors, and political ideology others (I'd bet many of the public pension funds and university endowments would be as loathe to invest in a nuke plant as they were in South Africa or are in companies that do business in Darfur...), there's a lot of investors in the world essentially hoarding money and not doing anything useful with it.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
