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Thanks for the insights. I guess where we may differ here is that the stuff I presented was overall statistics, lwhile your story has to do with a specific area.
Perhaps the tradeoff is that where some areas are experiencing dry land problems others are having robust growth. Without knowing the detailed specific data, it appears that this would be a reasonable explanation as to why some areas are getting much less crop yield yet the national statistics for farm crop production still looked very good.
After reading about the droughts in two major agricultural countries, China and Argentina, I decided to research the extent other food producing nations were also experiencing droughts. This project ended up taking a lot longer than I thought. 2009 looks to be a humanitarian disaster around much of the world
To understand the depth of the food Catastrophe that faces the world this year, consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.
After reading about the droughts in two major agricultural countries, China and Argentina, I decided to research the extent other food producing nations were also experiencing droughts. This project ended up taking a lot longer than I thought. 2009 looks to be a humanitarian disaster around much of the world
To understand the depth of the food Catastrophe that faces the world this year, consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.
Well, this site (US Drought Monitor) while still showing drought conditions in California and Texas - doesn't indicate such a catastrophic picture as your link indicates. While those 2 states are heavily affected, much of the midwest grain belt appears normal.
Furthermore, this site (PLOT_SWC) documenting the California snow pack - once again indicates a below average snow pack but not a drastically below average one, and the reservoir level - though some of the large ones are as low as your link indicates (yours claims it is just 49 percent of average - as Trinity Lake, San Luis, and Shasta are) some of the equally large ones are up in the 80% range (RES) - specifically New Melones and Don Pedro. The overall reservoir storage is at 66% of normal - low, but not the 49% that your source indicates.
Your site may be "overly dramatic".
Ken
Last edited by LordBalfor; 02-27-2009 at 11:16 PM..
Obama hasn't even been in office for 2 months and already you're blaming him for the decline in the Dow Jones index?
The Dow will gain at some point....but the fact that it's been declining is not Obama's fault! It's been on the decline for a year now, being as it was at over 14,000 points, not so long ago.
When the economy starts to bounce back (which it will), the Dow will bounce back too....and your 401k will be safe.
Obama hasn't even been in office for 2 months and already you're blaming him for the decline in the Dow Jones index?
The Dow will gain at some point....but the fact that it's been declining is not Obama's fault! It's been on the decline for a year now, being as it was at over 14,000 points, not so long ago.
When the economy starts to bounce back (which it will), the Dow will bounce back too....and your 401k will be safe.
Indeed.
The DOW was around 8,000 when Obama was sworn in and is around 7,000 now - a loss of around 1,000 points or so. Compare that to the 6,000 point drop it had made over the past year under GW. In fact, the 1,000 point drop under Obama in the last month is barely half of what GW "achieved" over the course of ONE WEEK in early October.
Indeed.
The DOW was around 8,000 when Obama was sworn in and is around 7,000 now - a loss of around 1,000 points or so. Compare that to the 6,000 point drop it had made over the past year under GW. In fact, the 1,000 point drop under Obama in the last month is barely half of what GW "achieved" over the course of ONE WEEK in early October.
Exactly...the Dow has been on a major decline for the past year. It will only recover when there's some sense of confidence again and people start investing. In the meantime, don't worry.....if you're under 60, you're not going to need to touch that 401k anyway and the Dow WILL pick up at some point, but it'll take time.
Again, don't worry...I can't emphasize that enough.
Exactly...the Dow has been on a major decline for the past year. It will only recover when there's some sense of confidence again and people start investing. In the meantime, don't worry.....if you're under 60, you're not going to need to touch that 401k anyway and the Dow WILL pick up at some point, but it'll take time.
Again, don't worry...I can't emphasize that enough.
Do a little arithmetic and figure out for us what that decline in wealth for the baby boomers means.
Imagine being told you have advanced stage CANCER.
The doctor you had been going to for the past 8 years COMPLETELY IGNORED your early symtems for years, and never ordered any tests.
Then in the 8th year, he finally dicovers your disease, but by then it's in very advanced stages.
You are angry with your doctor for not diagnosing it sooner, so you switch doctors.
Do you now expect your NEW doctor to make your disease go away OVERNIGHT?
We are talking advanced stage CANCER!
That is how Republicans are treating Obama with the stock market and the economy.
Obama is now the "new" doctor, and Republicans expect him to perform MIRACLES with the both the stock market and the economy OVERNIGHT.
Hey Republicans ... here's a little news ... it's not that simple!
It was YOUR "doctor" who COMPLETELY IGNORED the "early symptoms" allowed the economy to get this bad.
And now the problem is SO BAD that no "doctor" can easily fix it.
Obama is now getting advice from the worlds best "doctors", but there is NO IMMEDIATE CURE for the problem.
Once you can understand this, then maybe you can better accept the current situation that Obama is facing, and stop BLAMING him for the continuing drop of the stock market.
Indeed.
The DOW was around 8,000 when Obama was sworn in and is around 7,000 now - a loss of around 1,000 points or so. Compare that to the 6,000 point drop it had made over the past year under GW. In fact, the 1,000 point drop under Obama in the last month is barely half of what GW "achieved" over the course of ONE WEEK in early October.
Yes and Bush achieved that with the big bank bailout, he was very foolish to support that. The bank bailout was signed Oct 3, 2008, it was what led to the first big drop in the Dow.
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