I really do not what to sound all doom and gloom but lets look at a few things.
20 years ago the stock market was in the 1,000 range. Today it is a 11,000. That is up over 1000%.
40 years ago my Mom and Dad bought a nice 1500 sq ft brick home for $85 a month. This same house would cost you about $1800 a month today. That’s up over 2000%
Do you really think we can afford another 1000% increase in the next 20 years. A stock market at 110,000 and house notes of 18,000 a month.
We are due for a very large correction period and while a government buy out of banks now may postpone the inevitable it will not stop it.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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