I think and hope that when we see unemployment level off then things can start to improve. I heard on one show that they suspected many companies were biting the bullet now as far as lay offs. Instead of milking them out over a long time they are just cutting to the number right away. No one is going to spend any money if they think they are going to lose their job at any time. And given the fact that all that growth was leveraged on fake realestate values. Its going to take a long time to dig out of that mess. Even if they some how get all the forclosed houses off the market. All the values are not going to go back up to compinsate for the lost equity that was not real.
Hope we hit bottom soon. I made it past two down sizes in 08. Wont make it past another. No one left to take the buy outs.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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