When a few folks pull back their spending to reasonable levels, the economy can absorb it. But when everybody stops spending at once, the recession set in. When gas prices hit $4 a gallon AND the stock market swooned from 14000 to 8500, there was simply no money TO spend. Disposable income disappeared, and wealth, as in retirement savings, disappeared too.
So we're going through a major market adjustment. Turning off the TV won't stop it, it won't fix it, and it won't make everything better anytime soon. To tell everyone to go back to spending reasonably, when so many are already either out of a job or are on shaky footing in their current position....well, it's not gonna happen, because the money's simply not there. You can't refinance your mortgage, even if it's just to stretch the terms and lower the payments, if you're out of work.
Lots of folks may have seen this coming; I did, and I'm not particularly perceptive. But lots of folks, including me, made their plans and preparations for this based on the assumption that they'd still have their job...which many of us now don't have.
So whether you watch TV or not, it's going to get a lot worse before it gets better.
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 - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[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.