Posted by L.Fure on December 18, 2015 at 18:49:43 from (68.169.253.43):
In Reply to: Troubling Thrusday posted by IaGary on December 17, 2015 at 04:56:45:
Quoting Removed, click Modern View to see
The Federal Reserve Bank is where this nation borrows it's money. By keeping the interest rates low it helped spur the economy. Think of it as buying money at a discounted price, and investing it in things like businesses, new homes, auto's, and so forth. The Fed bank has kept the interest rate low too long now, and they are starting to lose money. When they lose money they don't have any money to invest in the economy. It has to come up sooner or later for that reason. Anyone that doesn't have any long term loans locked in for thirty years are only asking for trouble.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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