One of the topics I wanted to discuss was with respect to some good news in agriculture over the last couple of weeks. Because while the bull is still loose on Wall Street, months after the analysts and pundits first began warning in ernest of overpriced stocks and certainly financial meltdowns, another young crop of fresh-from-college-20-somethings with a computer and a catchy slogan has launched their initial public offerings and made millions. Granted, short of cashing in their stock options, their net worth is only on paper and few Internet start-ups have yet to post real profits. But the investor cash fueling the IPO madness is real, and leading economic indicators suggest no predicted slowdown in the economy. Consumer spending is up while unemployment rates are down. Business sector productivity, personal income and new home starts, all important indicators, are all on the rise. Yet while that bull stampedes through the streets of New York, many of the cattle along the dusty cattle roads of eastern Colorado are going nowhere. That just might change soon.
Bob Schaffer: “One of the topics I wanted to discuss was with respect to some good news in agriculture over the last couple of weeks.…”
Editor's note · Context
Discussing economic indicators and agriculture during a special order on the House floor.
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