New Tractor Sales Are Declining

[check]

Well, I guess that chart is kinda like “how far do you want to go back in time“?
It appears from that chart that interest rates are at a 24 year high? Highest since 1999-ish?
So that means for anyone of house buying age you’d have to probably be over 45-50 years old to “feel good” about today’s interest rates.
So that means anyone under 45-50, which is primarily a lower income age group (1st & 2nd time home buyers) that are getting beat up with today’s interest rates.

Now add to that the new taxes imposed on energy for heating/lighting homes, plus ever increasing property taxes and you’ve got plenty to be upset about.
Then there’s increased food costs and gasoline costs.

Leaves little for optimism.

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

 

[Cahaba Valley Farm]

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

Yikes!

 

[TN8Man]

When was the last time you saw someone paying cash?

I see people using cash all the time, including myself. Does your wallet have cash in it? I can't remember a time when my wallet didn't have cash in it.

But CBDC digital currency is not the same thing as electronic fund transfers to and from your banking accounts.

 

[Cahaba Valley Farm]

I see people using cash all the time, including myself. Does your wallet have cash in it? I can't remember a time when my wallet didn't have cash in it.

Your market must be the exception because 99.9% of people where I live use their debit and credit cards.

 

[TN8Man]

Your market must be the exception because 99.9% of people where I live use their debit and credit cards.

Of course people use credit cards, including myself, but we also use cash.

 

[TN8Man]

CBDC will eventually replace the existing financial system and could eliminate the needs for traditional systems and institutions like banks.

What Is a Central Bank Digital Currency (CBDC)?​

 

[Hay Dude]

A heckuva lot better than the ‘80s, when mortgages went up to 18% here.

Like I said, you’d have to be over 50 for that to be a comparison.
A 50 year old mortgagee was just a baby then.
Most mortgagees are under 50

 

[Snobdds]

CBDC will eventually replace the existing financial system and could eliminate the needs for traditional systems and institutions like banks.

What Is a Central Bank Digital Currency (CBDC)?​

A CBDC is just an electronic dollar. It will be backed by dollars and pegged 1:1 to the value of a dollar.

There is a huge need for a digital currency not controlled by banks or the fed. It can't be subject to devaluing caused by money printing. The fed controls the value of our money and over the long term, that is not a good thing. The fed needs competition on maintaining value of a currency.

 

[TN8Man]

A CBDC is just an electronic dollar. It will be backed by dollars and pegged 1:1 to the value of a dollar.

There is a huge need for a digital currency not controlled by banks or the fed. It can't be subject to devaluing caused by money printing. The fed controls the value of our money and over the long term, that is not a good thing. The fed needs competition on maintaining value of a currency.

The CBDC or Central Bank Digital Currency will be created and controlled by the Federal Reserve. The Federal Reserve is a central Bank for the USA and part of the global central banking system. The Federal Reserve is not a US government agency.

 

[Snobdds]

The CBDC or Central Bank Digital Currency will be created and controlled by the Federal Reserve. The Federal Reserve is a central Bank for the USA and part of the global central banking system. The Federal Reserve is not a US government agency.

I don't know what you're trying to say here. This is known.