I really think it matters more as to where you are in life, and where you live. If you are retired or have a very secure income, you will probably be ok, no matter what. I live in Michigan. We have lost 400,000 jobs since 2000. Yesterday I read that Wayne county is laying off 150 sheriffs deputies, and closing a jail. Even during the depression, they didn't lay off deputies. It is a safe bet that those deputies didn't think they would ever be laid off. Now if you are in a oil producing area, you might never see this stuff. Or if you are in a defense industry area. There was not the runup in house prices here that happened in other areas, because we were already slowing down. But there are a lot of houses selling for less than what it would cost to build them. Interestingly i just saw a list of states that are in financial trouble. Michigan was not on the list, which surprised me. It is going to be a very interesting year. I am glad I moved 95% of my 401k to a government bond fund early this year. I wish I had moved 100%.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather�s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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