Posted by JRSutton on March 27, 2015 at 08:35:00 from (108.49.155.221):
In Reply to: Our Economy posted by John in La on March 27, 2015 at 06:41:36:
Just think, recessions come around roughly on a 7 year cycle, so we're due now.
Our stock market has been artificially driven up by the low rates. Just talking about rates makes the market dip painfully, sooner or later they're going to actually RAISE them - and the market's going to nose-dive, again. I get that the "talking about it" is to lower the market and relieve some of the "pressure build up" - but it's still going to hurt when it happens.
That could be a big part of the next recession.
So what I wonder - have we recovered enough from the last one yet to have another one? Past recessions usually follow an economy that's booming that grew too fast. This time it's going to follow an economy that we have bend and twist statistics just to call recovered. I worry that it's not a good starting point to fall down from.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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