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| I would respectfully suggest that this is similar to the late 70's. A lot of people paid big prices for lots of things including land (since they weren't making any more land) and were in big trouble in a few years.
Every economist and exec at Deere, IH etc will tell you the bottom fell out in 1981. Every dealer will tell you it happened in late 1979 and they are correct. I don't know what that means in comparison to today but I know one thing:
"If you lay all the economists in the world end to end they still won't reach a conclusion." | |
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