The tiniest bits of good news this morning. We’re still 8 million jobs short of our high water mark, though… and until we get that under control, we cannot possibly use the word “recovery” in any context.
To make matters a bit worse, the second round of qualitative easing ends in June. Which means not only is the spigot of money cut off, but that credit markets — unless the Fed chooses to print more money — will dry up, and spark the twin fears of inflation and deflation.
…and perhaps simultaneously.
The price of a bushel of corn has jumped 64% worldwide since last year. Wheat has gone up 65%. Expect that trend to continue.
Planting in Virginia starts on March 15th and runs into May. If you’re not starting at the very least a square foot garden in your backyard this year, you should really consider doing so with some good heirloom variety seeds.