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GoodFellows: Conversations from the Hoover Institution
Victor Davis Hanson On The State of the Union . . . and a Biden-Trump Rematch | GoodFellows: John H. Cochrane, Niall Ferguson, H.R. McMaster, and Bill Whalen | Hoover Institution
Mar 8, 2024
In this engaging discussion, Victor Davis Hanson, John Cochrane, and H.R. McMaster delve into the state of the US economy, Biden-Trump rematch, foreign policy strategies including Israel and Ukraine, national security concerns, and potential candidates for the upcoming elections. The conversation also touches on historical lessons from divided nations, reflections on influential leaders, and optimism for the future.
01:08:16
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Quick takeaways
- Almond industry in California faced oversupply and price decline due to COVID-19 impact, highlighting risks of overproduction.
- Super Tuesday 2024 exhibited significant wins for Trump and Biden, setting the stage for a historic rematch in the upcoming election.
Deep dives
Ukraine's Almond Industry Challenges Due to Overstock and COVID Impact
The almond industry in California faced challenges due to overstock and the impact of COVID-19. The rapid expansion of almond farming over 20 years led to oversupply. When COVID caused supply chain disruptions and reduced demand from countries like India and China, almond prices dropped significantly to $1.40 a pound, below the breakeven point of $1.80. This led to the removal of thousands of acres of almond trees along Interstate 5, highlighting the consequences of overproduction and market fluctuations.
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Discover
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