I have the dubious pleasure of looking into the financial lives of hundreds of people every year. Disgusting in many cases. Most people will not wait and save to get something, they just borrow the money. If something goes wrong, they just stop paying. In one case the fella was hiding his purchases at a relatives house so they could not be repossessed. Back in the "boom" years you could borrow well over the value of your house and most of them did this. That "value", by the way, was inflated by appraisers who knew only too well that if they gave a true value they would lose their contract with the mortgage company. So I had a lot of people coming in here with mortgages that were more than twice the true value of the home. I am not sure there ever was a "boom" because it was supported so heavily by debt. People started losing their jobs and businesses started to close after 9-11. Then the credit came due and houses were being repossessed right and left. Some are still empty and rapidly decaying. And today? They are all chomping at the bit to do it all over again. Not the kind of life that we lead around here.
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Today's Featured Article - Tractor Profile: Allis-Chalmers WD45 (Gas Version) - by Staff. Beginning production in 1953, the WD45 had the same general look as the WD tractor which was produced earlier - but was much more powerful. This was due to the new 4-cylinder "Power Crater" gasoline engine with a 4 x 4-1/2 inch bore and stroke. Some people feel this was one of the most significant tractors offered by Allis-Chalmers in those days. Nothing in its weight or power class could match its performance. In 1954 they began offering the WD45 with the new "Snap-Coupler&quo
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