Road Warrior

What is Happening in the Economy?



The rainy weather has played havoc in planting and harvesting crops on the East Coast, but it is better than a drought. That being said, let’s examine the global and general economy at the half-way point of 2013.

The U.S. economy is a mixed bag. The leading economic indicators are starting to suggest a slowdown in the economy. The purchasing manager index (PMI) was 49.0 for May, suggesting a contracting economy since it is below 50, but bounced to 50.9 for June, indicating an expanding economy. We will closely observe this metric throughout the remainder of the summer to see if a trend emerges. More concerning is the PMI in Europe and China which have been below 50 for many months now. Europe is in a deep recession with over 20 million people out of work and for the most part, negative gross domestic product (GDP) growth. With China’s manufacturing and consumer products linked to Europe, and U.S. agriculture exports dependent on China, only time will tell how it influences ag commodity prices, oil, and natural gas prices, and then eventually land values in agriculture and rural America.

The one positive point in the U.S. economy has been housing starts. The latest data shows housing starts up 6.8% from April to May. With one in seven jobs connected to the housing sector, this sector is critical to the health of the U.S. economy. A storm cloud on the horizon is the rise in mortgage interest rates in recent months. There is a saying that a 1% increase in interest rates equates to approximately a 200,000 decrease in housing starts, and vice versa.

Unemployment is still stubbornly high. The reported rate is 7.6%, while the real rate including U-3 through U-6 workers is at 13.8%. The labor force participation rate remains low, at 63%. If the labor force participation rate was near normal, the unemployment rate would likely be 11-12%. Factors such as automation, uncertainty about healthcare and mismatched skill sets of potential employees to employers’ needs are long-term systemic issues in the U.S. and global economy.


Like what you're reading? Subscribe to CSD Extra and get the latest news right to your inbox!


Sizing up the economy at halftime, the U.S. is probably the strongest of the developed countries of the world. However, it is very dependent on the Federal Reserve stimulus. Watch for continued slowdown in the emerging nations, which is directly linked to agriculture and rural America. Only the second half of the year will tell how this situation plays out, so it will be an interesting summer and fall as we watch the economic tea leaves.

Discuss this Blog Entry 26

on Apr 14, 2014

Thanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info.

on Apr 15, 2014

I have recently started a blog, the info you provide on this site has helped me greatly. Thanks  for all of your time & work.   Dermatologista florianopolis

on May 3, 2014

classical music month Thanks to portable technology, music is all around you. You can listen on your tablet, laptop, smartphone, and e-reader. If you would like to know more about finding and downloading music, this article can help you. Keep reading to learn some helpful information. You must be cautious if you're going to use free music download sites. Viruses and tracking devices are frequently added to the most popular tunes. They can easily attach a virus to these downloads, and you might not know it is there until it is too late. Always review a website before you download anything from it. You must be sure the site is safe before you download information onto your computer or device. If you cannot find mostly positive reviews, try another site. There should always be antivirus software running when you are going to download any music. Safety has to come first. Make sure to be safe when you download. Please visit ...

on May 13, 2014 Get Rid Of Herpes by Sarah Wilcox gives you instant, online access to a simple, step-by-step system in which Sarah teaches you her powerful secrets, techniques, and unique approach for getting rid of Herpes Simplex Virus Type 2 (Genital Herpes) quickly and naturally from the comfort of your own home. This is the exact same process Sarah used to cure her own outbreaks without medication after a long and embarrassing 2-year battle with HSV-2 . The easy to implement concepts and techniques taught in the Get Rid Of Herpes system use a unique self-treatment method to kill viral pathogens responsible for the herpes virus and a natural, scientifically proven method for healing herpes blisters. please click website ...

on May 13, 2014

truth about cellulite The Truth About Cellulite: Naked Beauty Symulast Method by Joey Atlas gives you instant, online access to a complete cellulite removal system in which Joey teaches you how to get rid of cellulite using a combination of synergistic muscle layer stimulation (SYMULAST) exercises that firm and tone the muscles in your butt, hips, thighs, legs, and other lower body trouble spots. By addressing the problem of muscular atrophy (mushy muscles) and strengthening these muscles, the skin on top now has support, leading to the elimination of dimples and bumps (cellulite) and giving you a smooth, tight, and sexy lower body. Please click here ...

on May 13, 2014

system details 2014 Girlfriend Activation System V2 Review And FAQ (GFAS Girlfriend System Summary). The Girlfriend Activation System: Christian H. Reveals His Little-Known Step-By-Step System Even Dorky, Awkward, And Ugly Guys Whose Claim To Fame Is Being "Horrible With Women" Are Using To Meet, Attract, And Ultimately Date Beautiful, Loyal, And Committed Girlfriends... please visit ...

on May 31, 2014

michael fiore text your ex back system review What's new in Michael Fiore's Text Your Ex Back 2.0 System? The original Text Your Ex Back PDF and download has been highly successful at helping couples reunite after a breakup. The new Text Your Ex Back 2.0 system makes vast improvements on the previous version and contains many more text examples and clearer instruction on the logistics of texting your ex after a breakup. please visit ...

on Jul 20, 2014

I like your points of view. Kind of interesting. Thanks for sharing Wedding Photographer Milton Keynes

on Jul 25, 2014

Good point...What happen economy?..I known when read your post..Thanks
Wedding Photographer Leeds, Wedding Photographer Wakefield, Wedding Photographer Halifax

on Aug 11, 2014

Yahtz'Mee - the best free Yahtzee game online... Yahtzee

on Jul 25, 2014

Great information! A news people need note...Thanks
Removals Oxford, Removals Abingdon

on Aug 10, 2014

Great information! A news people need note..bankruptcyx

on Jul 26, 2014

Your point show me know "What is Happening in the Economy?" Thanks
Heathrow Airport Transfers, Heathrow Airport Taxis

on Aug 5, 2014

What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such baseball games

on Aug 5, 2014

only time will tell how it influences ag commodity prices, oil, and natural gas prices, and then eventually land values in agriculture and rural

on Aug 7, 2014

i hope they find a way about this Tehnik bersenggama yang hot dan nikmat, then when they found the way, they can sharing it..

on Aug 14, 2014

I really appreciate your viewpoint. Thanks for information Scaffolding Coventry

on Aug 16, 2014 Girlfriend Activation System Review: web's #1 girlfriend system (GFAS V2) by Christian H. teaches you how to get a girlfriend by activating her obsession story. For more info, visit our website ...

on Aug 16, 2014

how to get more instagram followers Buy real instagram followers and instagram likes at cheapest price from just $1.5 . We are the best in the business for the past 2 years. What you are waiting for just visit our site and buy instagram followers & likes and boost your profile .

on Aug 16, 2014

HDFC NetBanking Login Secure Login | Access the HDFC NetBanking login here. Secure user login to HDFC NetBanking. To access the secure area for HDFC NetBanking you must proceed to the login page. For more info, visit my website ...

on Aug 21, 2014

The unemployment rate this year is so high. the government should take action Car Servicing Darlington, Car Garages in Darlington

on Aug 23, 2014

feed yourself thin Order Skinny Fiber Money Back Guarantee. High-fiber foods can also aid in weight management. They absorb water to create a sense of being full, so you're less likely to overeat. And fiber-rich foods... For more info, Visit my website ...

on Aug 23, 2014 Online Allure: Michael Fiore Reveals His Ultra-Clever Online Tactics To Get Great Men Swarming To Your Online Profile Like Bees To Honey. Written for consumers by a consumer, this site includes a fun and informative Online Allure review and buyers guide that provides an insider's look at the program and answers frequently asked questions about Michael Fiore's unique and highly popular system for teaching women how to find great guys by mastering the nuances of online dating. please click here website ...

on Aug 23, 2014

girlfriend system download lets you share images, documents, videos, and files with one click. Your files are available instantly with our unique real-time technology. The smallest step in file sharing. Please visit site ...

on Aug 23, 2014 Acne No More: Mike Walden Reveals His Simple, 7-Layer Process For Eliminating Acne Forever Right From Home... Written for consumers by a consumer, this fan site includes a fun and informative Acne No More review, ebook FAQ, and PDF download guide that provides an insider's look at the program and answers frequently asked questions about Mike Walden's unique and highly popular acne treatment guide. Please Visit site ...

on Aug 23, 2014

G spot vibrator At vibrator showroom we have the most expansive selection of vibrators and all other sex toys on earth! We have something for everyone no matter your sexual needs or preference. Vibrators can bring you to new levels of ecstasy. If you are new to vibrators you could go with something small and discreet such as a pocket rocket or bullet. If your husband is out of town on business you could enjoy a realistic vibrator. Proceed by trying something new with a g spot or silicone model. As you become more practiced and advanced, you most likely would benefit from a hands free strap on or a rabbit vibrator. Finally, if you are in the mood to really push your limits then proceed with the powerful Magic Wand which doubles as a personal massager for muscle aches. You owe it to yourself to check us out! visit website ...

Post new comment
or to use your Corn and Soybean Digest ID
What's Road Warrior?

Dave Kohl is an ag economist specializing in business management and ag finance. He can be reached at

Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×