Just because Wall St. is doing better does not mean the consumer is doing better. Is the average person reinventing themselves? I would have to say that most are not thinking outside the box and looking for jobs out of their skill set. Or some are not taking lower pay and working menial jobs to make ends meet. Why give more breaks? I thought this was survival of the fittest. This may sound harsh but it is reality. If you are a homebuilder and you went bust are you trying another industry or trying to make it happen? If you are a stockbroker are you still trying to be in the game. Sometimes the best thing to do when bad things happens is to find a job you will really love to do. If your not going to get the money you once made you might as well be happy. Who knows maybe the new job will create an even larger income down the road.

These are the current estimates for Friday’s WASDE Report:

I wanted to continue this conversation from my morning commentary. There seems to be concern over the retirement age and if it will be raised to 69-70. Some may be waiting to see what it will before putting in for retirement. Here is the thing! The market has changed dramatically and ones retirement funds may still be down. If you can make more staying home wouldn’t you just stay home?  Reassess your income to debt and downsize so that you actually can save money while living the same type of life style. I am not sure about you but I am the person that decided when I retire not someone else. If you can do it on your own terms now then I suggest doing it; especially if it makes economic sense.

The government is planning to tax you more to go to work if you make over $250,000 per married couple. In the past one would look at retirement in the sense of how long does one think they will live? In the future people may live longer and may have to work longer hours or longer amount of time. Talk about lazy! Working harder makes you more income but why work harder if you’re just going to get taxed more. This is great motivational tactic Obama! Your teaching our youth to be lazier then they already are.

Matt Pierce shares this article: Congress likely to cut US ethanol aid, not end it

By Charles Abbott   WASHINGTON, Dec 6 (Reuters) - Congress is likely to extend the major U.S. ethanol incentive, rather than let it expire at the end of the month, but it will cut the tax credit by 20 percent or so, an analyst and an industry spokesman said on Monday. Mark McMinimy of Washington Research Group said the most likely outcome was for a one-year extension of the tax credit at 36 cents a gallon, down from the current 45 cents.   The Renewable Fuels Association, a trade group, said it believed ethanol was part of ongoing discussions for an omnibus tax bill dominated by estate and income tax rates. A business lobbyist also said ethanol was believed part of the talks.   If included in the omnibus bill, biofuel provisions were expected to be similar to a proposal last week by Senate Finance Committee chairman Max Baucus — a 36-cent excise credit for ethanol, an 8-cent credit for small ethanol producers, extension of the 54-cent ethanol tariff and revival of the $1 a gallon biodiesel credit. [ID:nN03140185]   “I think the industry would take that without looking twice,” said McMinimy. He cautioned lawmakers could reduce the credit below 36 cents, and agreement on a tax will was not a sure thing.   RFA spokesman Matt Hartwig said the Baucus provisions could be an early look at the likely final result of congressional action, a view held by others in the ethanol industry.   “Is 36 cents better than zero? Absolutely,” said Hartwig, but he added the industry would continue to seek a higher support rate or a longer-term extension.   Production could fall by as much as 10 percent if the credit lapses, says the industry although some analysts say the drop-off would be smaller. A 2007 law guarantees ethanol and other renewable fuels a share of the motor fuel market.   Ethanol trade groups signaled during the summer they would accept lower support rates and other reforms in exchange for a long-term extension of subsidies. Foodmakers, livestock producers and environmentalists want to end the ethanol credit.   Besides reducing U.S. reliance on imported oil, ethanol boosts grain prices and creates jobs in rural America, say industry leaders. There are more than 200 ethanol plants, mostly in the U.S. Midwest, each employing four dozen workers.

The day session looks to open stronger than the overnight with momentum only gaining, not fading. Beans are called 20+ higher to open, Corn is called 8-10 Higher, Wheat is called 20-25 Higher, Bean Meal is called 1-2 dollars Higher with bean oil called 70-90 Higher.