NPR ran a story this morning on how much collecting tractors has been gaining a following in both Europe and here. Apparently, tractor prices are jumping at a rate of about 100% a year.
They talked to one gentleman who has been collecting tractors for about 5 years now. According to him, it is his "retirement plan" and "you can't lose."
Anyone remember when the only risk in the stock market was not being in it? Anyone remember when you couldn't lose by investing in real estate? When was the last time you saw something increasing in price by doubling every year and it wasn't a bubble?
Anyone think this guy will need a bailout eventually?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment