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Thursday, August 15, 2019

Besides the US retail sector, the US farms are in troubles too.

https://finance.yahoo.com/news/american-farms-billions-debt-numbers-153314408.html

The US farms are heavily in debts!

China's ban on US agricultural products is hitting the US farmers severely.

The US-China tariffs are hitting the US retailers severely too.

http://sg-stock.blogspot.com/2019/08/the-us-will-close-12000-retailers-in.html

If the US property sector crashes at this time, the banks will recall the farm loans which in turn will cause massive farm bankruptcies because the farmers use their lands as collaterals.

The US is just hanging on the edge of the precipice.  When the US loses the grip, it will fall into the abyss.

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