I think we are going to see the effects of running a trade deficit for the better part of 15 years. In the end, the only thing that is going to matter is real currency and we have sent too much out of the country. This is going to make for a long restart of the economy (I would guess for over a decade) as a lot of businesses are going to want a very minimal exposure to debt. This will continue to cause deflationary pressure on things like houses, farmland, commodities, etc.. I really think the federal gov't printing money is only going to put off pain we sooner or later need to face to move on. Close to home, Eastman Kodak is in the process of letting go of 1500 more employees and is only a shell of what it was a quarter century ago. I don't think this area will ever be as viable as it was when I was coming out of school. I can't give any predictions, but we might be surprised at who might abandon us internationally if we can't turn this around in a couple years.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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