Thursday, June 30, 2011

Thank God for That

There was more corn and wheat produced in the USA than expected, and demand has been weak. Fears of shortages appear to have been assuaged. When I read it to myself, and when I read it to my Darling Wife, we each said "Thank God for that."

So should you. If we can't extend the debt ceiling and we have to cut back Federal government spending to meet what we take in (and it barely covers debt service so we don't go from AAA to D bond market ratings) we can still eat. If we don't have corn and wheat growing, we can't eat. Last I checked, Congress couldn't tell the sun to shine or the rain to fall in season.

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