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 - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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