Our economy is now consumption driven. Works well as long as we are borrowing money and spending it on junk, homes, cars ect.
When times are unsure, people like me. tend to not buy stuff. Auto industry is a great example. Cars are better made so no real reason to buy a new one. We just paid off our mini van. 1st time in 20 years we have not had a car payment for the wifes car. Not going to buy another for atleast 3 years. Dont care what rates they give. Dont care what fuel economy it gets.
What did you do with that Tax rebate check Bush sent out? Spend it on consumption? we paid off a credit card.
Not going to buy anything we dont need until we own our time. Instead of a mortgage company or a bank. Well I did buy that 966 :-)
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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