50-75% Unemployment Guaranteed!!!
September 21, 2009
– Comments (6)
Auto Sales Down 50%
Architecture Revenues Down 50%
Catapiller Sales Down 50%
Now Home Sales Down 80%
Potash Sales Down 60%
Steel Sales Down 50%
Now CRE Sales Down 75%
Moody's REAL Commercial Real Estate Index.
"The market has averaged about 375 sales per month for the seven months in 2009" said. Over the same time period in 2008, sales were averaging nearly 1,100 a month." - Moody's Managing Director Nick Levidy
When consumers stop spending and start saving.....we really don't need 24 square feet of retail space for every man woman and child when Sweden has 3 square feet and Australia has 6. We only need half as many cars, maybe less.....and probably half as many of most of what we consume including restaurants, airplanes, office space, etc.....
The math is not hard....simply the adjustment to the new paradigm...but by now you must be prepared after reading Alstrynomics for all of this time. Now the question is how is government and entitlements going to adust to half as much revenues???????????????????????????????????
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