Prayerful Thoughts and Observations

Category: US Economy

  • Unhappy Farmers and Ranchers

    Over the past two months, two significant changes have occurred with respect to agriculture. The first is that China is boycotting U.S. agricultural products. Most U.S. grown soybeans and sorghum have gone to China, until this year. The estimated loss to farmers is about $10 billion. Trump has talked about compensating them. But these farmers…

  • Entitlement Creates Trouble

    This week I heard that Americans are sometimes refinancing not their mortgages, but their car loans!! There was an economist expressing concern over whether or not the trend of obtaining seven-year car loans is smart for the buyer — and for the lender. Will new cars hold up their value to the extent that seven…