The stock market is not doing so hot, the DOW is down roughly 1000 points from the years high and it has been much lower in recent weeks, artificially manipulated low interest rates forced investors to over capitalize the markets and their will be turbulence. The so called economic recovery from 2009 has been basically a smoke and mirrors act, it is ironic that even though BO has thrown up every road block at his disposal to the energy industry since he became dictator the only real economic growth in the entire 6 plus years of his reign was provided by the energy industry, primarily the fracking boom in the oil field. Now that the domestic oil business is essentially dead and will not pick back up in the near future the chickens are coming home to roost. The last time we had a similar situation was 1986 but the difference then was that the cheap energy jump started the rest of the economy, the same has not happened this time primarily because some 80% of the jobs created in the last 6 years have gone to immigrants, illegal and so called legal, they work cheap and send their money back to the home country instead of spending it in the local communities where it was earned. The lower demand for beef and pork is probably because many people can not afford it, unless they are on food stamps they have to live within a realistic budget.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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