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alstry (35.03)

11.10.9 Now We Feel

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November 09, 2009 – Comments (3)

"There are families not eating at the end of the month,” said Stephen Quinn, executive vice president and chief marketing officer at Wal-Mart Stores, and “literally lining up at midnight” at Wal-Mart stores waiting to buy food when paychecks or government checks land in their accounts.

Electronic Arts sets 1,500 job cuts as losses grow

Airlines to see lighter Thanksgiving traffic: ATA

Sprint Nextel to cut up to 2,500 jobs

PG&E - 500

University of Nebraska - 300+ Layoffs?

Pfizer - 600

Star Tribune - 100

State of Georgia Tax Revenues Fall 17.8% in October

We now begin the government crash......this is the one where LOTS OF JOBS are on the line.

Thank goodness the recession is over.

3 Comments – Post Your Own

#1) On November 09, 2009 at 5:18 PM, jason2713 (< 20) wrote:

Dow hits 2009 high

 

Watch the dollar on these huge rallies vs the EURO.  Today it hit near $1.50.  I feel a correction in the dollar is coming, and it will cause a huge correction in the market.  I'm not saying short the market, or making any predictions, just an opinion.

 

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#2) On November 09, 2009 at 6:31 PM, alstry (35.03) wrote:

Alstry CALLS THE GOVERNMENT CRASH!!!!!!

This will be the Last and Mother of ALL CRASHES.....

We could lose as many as 30,000,000 to 50,000,000 jobs before we hit bottom.....depending on when we restructure and the banks are finished doing God's work......

Revenues are shrinking and tax receipts are evaporating.....Georgia actually had negative corporate taxes in October.

Real Estate...the driver of property taxes....is imploding at a rate NEVER seen before in history.  Property taxes is the lifeblood of city, county and state revenues.

11.10.9 Marks the Beginning of The Government Crash and today's report from Georgia confirms it.

As government is now over half of GDP....factoring the multiplier effect....this could make The Great Depression look like a mild depression.

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#3) On November 09, 2009 at 7:02 PM, IIcx (< 20) wrote:

ok, it's 11.09.09, eve of your call and the birds still fly, seeds retreat for spring, and the wind is starting to sing a holiday tune.

Holidays songs and love on the horizon.

Best, IIcx 

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