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 - Major Problems - by Anthony West. Following the aquisition of the two Fordsons to my collection I found that I was struggling to move them about. I had considered the possibility of driving the "F" to and from shows but anything other than local rallies was totaly impractical due to its sedate pace. I had also considered buying a landrover and trailer, but the price of a
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