Those that aren't paying attention will have some very bad surprises in the not too distant future.Our whole economy is being reworked,reshaped etc etc as we speak.Stock market is in a free fall which is going to have huge ramifacations as those with 401(k) and other investment and retirement plans get very much reduced or totally wiped.Real estate prices will continue to drop as unemployment rises and banks tighten up credit and/or fail.Even those that are optimistic are saying this is the worst turn of events since the Great Depression and has the potential to be far worse on many people.The Fed and US Treasury is out of weapons as yesterday's rate cut was met with a 189 point drop in the Dow how it all exactly turns out is anyone's guess really.Over 2 trillion dollars that people thought they had has been wiped out in the last year in the Stock market as its gone from just over 14,000 to just over 9,000 and that is dwarfed by the 'value' that has been lost in the real estate market.Many who bought huge houses and were planning on retiring on the accrued value are stuck instead with a house that isn't worth what they owe on it.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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