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Old 08-15-09, 11:20 PM
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Red Rider
Don't mince words
 
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Join Date: Jan 2007
Location: Vacaville, CA
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Bikes: '16 BH Quartz, 2017 Calfeecustom carbon tandem, Fuji D6 TT bike

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Originally Posted by will dehne
I am not surprised.
I know folks who had to close their business after running that business over 25 years. Many work reduced hours. Restaurants and motels are suffering.
The latest is a sharp increase in cost of anything to do with government. Sales tax and property tax is going up significantly in Illinois and they are still broke.
Suppliers of machine tools to the American Automotive Companies are not having fun. Many go BK or at least reduce the work force.
There is no light at the end of that tunnel yet.
Housing is a catastrophe and looks it will remain so.
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A few individuals got out in time and intact. Very few.
The next shoe to drop is Inflation. High rate of inflation will make us all suffer.
There is a real danger of Stagflation.
Lets all go biking. It is cheap and gets our mind off this mess.
I won't even start about selling real estate. Suffice to be said that although I'm selling a lot of property, my commission rate is considrably less than that of a year ago. No matter how frugally we disigned the trip, we couldn't justify the expence.

Thus, we'll skip this ride and hoe to meet y'all at another time.
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