Posted by Buzzman72 on March 11, 2009 at 09:03:43 from (4.253.116.114):
In Reply to: Re: OT/Recessions? posted by GeneMO on March 10, 2009 at 17:37:04:
You misunderstand my position. Since at least 2003, I have been preaching the "house of cards" theory that Traditional Farmer below mentions. Too much of our economy was/is built upon credit...and when credit tightens past a certain point, the house ofcards begins to tumble.
But that occurs whether you turn off your TV or not. But because I watched my TV for awhile, I got out of the stock market with my IRA/401(k) money in 2005. While I might've missed the record high market of October or November 2007, I also missed the devastating losses others have taken since that time. When I got out, the DJIA was in the 10,000 range...not the 14,000 it hit in late 2007, but a lot better than the 6,000 it's settled on lately.
So it's not the fact of watching your TV that hurts you...it's knowing what information is significant, and what information is fluff. If you're watching and listening to folks like Dave Ramsey, and following their advice, your TV and radio are helping you, not hurting you.
And when you get laid off because you didn't see the collapse of this economic house of cards coming, telling your banker you turned off your TV won't keep your mortgage out of foreclosure. It just tells him that you were an ostrich, with your head buried in the sand when the danger signs approached.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
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.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
