Posted by rrlund on November 21, 2008 at 07:29:04 from (216.46.210.90):
In Reply to: Bye-Bye Retirement! posted by kruser on November 20, 2008 at 17:45:59:
I remember when my banker retired. Interest rates started dropping just after that. He said he might have to go back to work,thought he could always count on at least 7% interest. If you really stop listening to the talking heads who didn't see any of this coming,and think about it,are those artifically low interest rates at the bottom of all of this? Did it cause an unststainable run up in all of the other markets,real estate,stock and commodities? Investors hoping those markets would keep going up indefinately because they couldn't make money from normally safe investments?
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Today's Featured Article - It Can't Be Done! - A Tractor Story - by Neil Campbell. I'll never forget the time back when I was a boy baling hay on our Farm in Big Rapid, Michigan. The most memorable event that took place was a trip up the steepest incline on the farm pulling an old New-Idea baler with a pony-motor for power and a haywagon. I had just talked my Dad into buying an old John Deere B with 6-speeds ahead and I was real proud of it, except it was a little smaller than the Case tractor that we normally
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