Posted by Cas on March 02, 2015 at 11:16:38 from (67.240.143.108):
In Reply to: Re: truck loan posted by LAA on March 02, 2015 at 05:25:34:
LAA I do not you think have any knowledge of farm loans or risk management. I am a small fish surrounded by a lot of big fishes I do business with. Nobody has defaulted on a PCA loan and everbody around here deals with the local banks for their needs. I think what JD Seller is trying to say is that we might have a financial meltdown. If you bother to read the Federal Reserve Reports. Even just pick a few from the Philly Fed to the Kansas City Fed or even The Dallas Fed. The financial services and banking system is worse than the meltdown of 2007. The thing about a meltdown it that you can not get out your 401k. Their are no buyers. I had this happen to me on 10/19/87 the day the NYSE dropped 700 points. Had several sell orders in...three days later they all came back not executed. Have a few mutual funds now in a 401k, but money in them in is sure as hell not grocery money. I think you should start reading more on the history and future of the 401k. The guy asking about what to do with $10,000 has a one year reserve fund. Above the 8 months recommended. When the retrenchment or collapse comes you need home more than the pickup. Naturally if things do not get to bad, this guy will payoff the pickup. But, if gets real bad the pickup might not be worth much. This is I think what JD Seller means about risk management. Why should not everyone have a plan on risk. Every large corporation has a portfolio of risk management. JD Seller has been around a long time and I do not think he accomplished that by playing with the flavor of the period all the time. Amen
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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
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.