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 - 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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