The company I work for invests our money for us and I cant touch it right now..I'm in one of the safest things there is and have lost money.I saw this coming and moved mine just in time.Those in higher risk have lost tons of money.
A CD only pays 3% right now and inflation is over 10%.There is no safe place to put anything.
The point I'm making is the actions of Wall Street affects everything that we do.The Fed interest rate cuts were made for the benefit of Wall Street,not for the average Joe Blow..Why should the taxpayer be bailing out Wall Street?100's of billions of dollars have been thrown their way and it still may not be enough.
Bear Stearns gave employees $100,000 bonuses in late 2007.In less than 3 months they were history.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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