Five Things You Need to Know: Deflation Grips Main Street
Kevin Depew's Five Things You Need to Know to stay ahead of the pack on Wall Street:1. Down on the FarmDuring the Great Depression the real-estate crisis was largely isolated to farming communities because: 1) the economy was still then largely agrarian and 2) the business of farming itself became highly leveraged as farmers chased the asset bubble that formed in agricultural commodities during the previous years. At some point the foreclosures on family farms became too much for many to bear. The collapse in commodity prices caused by that deflationary debt unwind culminated in farmers across the country ...
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