Farm Devastation Contitnues, But Commodity Prices Collapse

Despite that weather continues to devastate American farms, the price of corn futures today dropped by the most in several months. This headline was on Zero Hedge:

But corn futures did this today:

I'm still investigating the reasons why!

Farm Economy Getting Bludgeoned This Year

Zero Hedge this morning has this photo and article:

"And it's not just farmers that are bearing the brunt of the flooding, it's the entire agricultural economy. Those that provide supplies like seeds, fertilizer, equipment and services are also struggling. For example, BBG reports that "at Burrus Seed in Arenzville, Illinois, employees spend as much time trying to lift farmers’ spirits as they do selling to them."
Todd Burrus, owner, said:

“If we experienced a year like this, I don’t remember it. When the farm economy is tough, it’s going to be tough for all the suppliers.”

The Economic News Continues to Degrade

Stocks are up today! But the economic news isn't! I just read this quote by Michael Snyder:
"It is going to take a miracle for the U.S. economy to pull out of this tailspin, because the economic numbers are really starting to deteriorate very rapidly now.  On Tuesday we got some more new numbers, and they were just as bad as we thought they might be.  But even before today’s numbers all of the data were telling us the exact same thing.  The New York Fed’s Empire State manufacturing index just suffered the worst one month decline in U.S. history, Morgan Stanley’s Business Conditions Index just suffered the largest one month decline that we have ever seen, global trade numbers are the worst they have been since the last recession, and just last week I detailed the complete and utter “bloodbath” that we are witnessing in the U.S. trucking industry right now."
You can read his full article here.
And this is even more bad news:

Recession Predicted By Gary Shilling

This headline today by Marketwatch suggests that recession may be imminent. I don't generally take such predictions seriously, but Gary Shilling has a pretty accurate record of forecasting such events.

Latest Real Estate Data Hints At Popping Bubble

This headline this morning suggests that the latest real estate bubble is on the verge of popping:

The Case-Shiller is the leading real estate pricing index.

Are We Near Boom -- Or Bust?

This quote seems to make the point well by Deutsche Bank's Aleksandar Kocic:
"...the economy at the moment is in a superposition of two states - it is both booming and it is headed for a recession."

One Year's Difference in Crop Growth Hints Higher Food Prices

This photo shows a one-year difference taken of the same person in the same spot on the same date one year apart. The one on the right is this year. What will happen if fall or winter weather begins before the crop on the right can be harvested? Food prices would be sharply higher!

Where's the Logic In This Headline?

I saw this headline today on Marketwatch. Where's the logic in this?

As the Fed prepares to suppress interest rates by creating more money out of nothing, and by creating more and more debt, it boosts stocks, but only artificially. Eventually, the bubble will burst -- again!