Our economy is now consumption driven. Works well as long as we are borrowing money and spending it on junk, homes, cars ect.
When times are unsure, people like me. tend to not buy stuff. Auto industry is a great example. Cars are better made so no real reason to buy a new one. We just paid off our mini van. 1st time in 20 years we have not had a car payment for the wifes car. Not going to buy another for atleast 3 years. Dont care what rates they give. Dont care what fuel economy it gets.
What did you do with that Tax rebate check Bush sent out? Spend it on consumption? we paid off a credit card.
Not going to buy anything we dont need until we own our time. Instead of a mortgage company or a bank. Well I did buy that 966 :-)
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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