This whole economic mess was started when gas hit $4 per gallon. People spent all their money on gas and didn't have money to buy the junk they usually bought. They found out they could get by easily enough without the junk, and they haven't forgotten that.
That's the story behind our improved savings rate and personal debt reduction. Look under Bureau of Economic Analysis for the savings rate chart - the change starting in early 2009 is rather abrupt. You have to go to the Federal Reserve Consumer Debt Chart G-19 to find the change in debt.
Too many people made their livings making and selling junk, and they are facing hard times.
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Today's Featured Article - Restoration Story: 1941 John Deere B Row Crop - by Anthony West (UK). The 1960's promise of white hot technology, to relieve us of the drudgery of everyday work and to replace it with increased leisure time has not materialised just yet....if anything most people are caught up in an ever increasing rat race, wishing that there was at least 36hours in a day!!!. The need for people to escape for periods of relaxation in an increasingly complex and pressured environment takes us into the realm of hobbies. For some it's scaling high mountains for others it's putting p
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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