Those that aren't paying attention will have some very bad surprises in the not too distant future.Our whole economy is being reworked,reshaped etc etc as we speak.Stock market is in a free fall which is going to have huge ramifacations as those with 401(k) and other investment and retirement plans get very much reduced or totally wiped.Real estate prices will continue to drop as unemployment rises and banks tighten up credit and/or fail.Even those that are optimistic are saying this is the worst turn of events since the Great Depression and has the potential to be far worse on many people.The Fed and US Treasury is out of weapons as yesterday's rate cut was met with a 189 point drop in the Dow how it all exactly turns out is anyone's guess really.Over 2 trillion dollars that people thought they had has been wiped out in the last year in the Stock market as its gone from just over 14,000 to just over 9,000 and that is dwarfed by the 'value' that has been lost in the real estate market.Many who bought huge houses and were planning on retiring on the accrued value are stuck instead with a house that isn't worth what they owe on it.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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