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alstry (36.57)

A Special Blog For The ALSTRYBATERS

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August 22, 2009 – Comments (11)

You know who you are....those of you that love to play with your Alstry.  You luv to whip it up into a frenzy, yell at it, abuse it, finish off your effort...only to come back for more abuse from your Alstry.  You just can't get enough of your Alstry, the more you try to abuse it, the more he abuses you......the more you come back for more.

You make comments like this:

For SIX MONTHS you have spam blogged everyday how things must collapse.  For SIX MONTHS you have tried to scare people away from investing in the market.  And for SIX MONTHS your advice caused some people I am sure to miss out on one of the greatest bull rallies in history.

Now, the above is true fantasy Alstrybation if there ever was any.....sorta like having the entire Swedish bikini team in front of you while playing with your Alstry....yet in the end, it is just you looking at yourself in the mirror thinking metrics is really inches.

First of all, Alstry has been blogging for a lot longer than six months.....and when Alstry came to CAPS the market was closer to 14,000.  Throughout the entire time, the message has been consistent....if we continue down the current zombulation policies, our country will shut down.  Second, the vast majority of Alstry blogs contains independent links supporting his thesis.

Since Alstry started blogging with his Alstrydomous prognostications, millions have lost their jobs, tens of millions more have suffered massive wage cuts, bankruptcies have grown parabolically, subprime was NEVER contained as over 1 in 8 mortgages are now in default, commercial real estate has collapsed, and raw land is basically worthless in many areas as there is really no developable purpose for the foreseeable future, and income tax receipts to our governments have contracted at unprecedented levels likely forcing millions of additional layoffs and wage cuts in the near future.

Further, during Alstry's time, the Zombulation polices have actually increased upon the private economy by tightening credit standards and raising interest rates.  As a result, fewer and fewer are able to meet their existing debt obligations as bankers receive free money from the taxpayers.  The consequence of this behavior will be continued deterioration of the private economy leading to less revenues to government culminating in a concentric contraction.

Due to the very high leverage in America, our economy will eventually collapse unless we change policies.  Right now we are running unprecedented deficits.  Deceptive counterfeiting is the only thing between tens of millions of more Americans losing their jobs and lines miles long of people begging for food.

At some point in the approaching future, we will have to face up to our irresponsible behavior.  No country can simply counterfeit indefinitely.  Major wars have been started for less....much less.  The more we counterfeit, the greater the peril we put our nation and its citizens into, Warren Buffett recently warned about this as well(about time don't you think from the bailout king?).....and in the meantime the current EXISTING debt load is suffocating citizens as revenues contract......

Our private economy is continuing to implode....the only way we can sell cars is if we give the poor down payments on vehicles they otherwise can't afford....just like we did for subprime home buyers and look what happened there.  We are not selling them transportation, we are bankrupting them.

If we keep spending what we don't have to support the Zombulator, soon our currency will be worthless and we will be all broke.  At that point it will be too late for all of us.

And the Alstrybaters...what will they be doing?

My guess is looking in the mirror wishing it really was the Swedish Bikini Team.....instead they will learn it was just Alstrybation and themselves beating up on their little ole Alstry instead of trying to actually do something productive to stop the Zombulation.

 

11 Comments – Post Your Own

#1) On August 22, 2009 at 6:27 PM, alstry (36.57) wrote:

Continuing to oppose Congress' ongoing effort to overhaul healthcare, an anti-government spending group is protesting across South Florida Saturday.

Hundreds of people were protesting against healthcare reform at Southwest 87th Avenue and Bird Road in Miami.

People were holding signs that read ``Stop Obama!'' and drivers honked their horns, as protesters shouted their opinions.

``We are scared. No one really knows what is going to happen with this bill,'' Lisa Coello, 59, who has health insurance.``I am worried about the changes.''

http://www.miamiherald.com/459/story/1197852.html

What do you think the Alstrybaters are going to do once they learn that NOT ONLY is there no money for health care.....there is no money for welfare, medicaid, medicare, social security, food stamps, unemployment or millions of government workers.

You think people get angry about health care....wait until you see how upset they might get about not being able to feed their families due to the fact that there are no jobs available and no government money to support them.

Alstrynomics is not about being scared, it is about being prepared....and if we don't restructure debt soon, America will be seared by its bankers who really  never cared.

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#2) On August 22, 2009 at 6:28 PM, whereaminow (< 20) wrote:

Hilarious.  Almost as good as the velociraptor, or whatever that was.  

alstry,

On one of your recent posts, someone named JerseyGirl posted a link to an FDIC report on LewRockwell.com.  Did you get a chance to peruse that?  Well worth the read, my friend.

Some say the banking sector is peachy keen. Re-eh-eh-eh-eh-aaaaallllly?!

FDIC reported that banks put $82,000,000,000 into equities in the last quarter.  Who was it that speculated our bailout money was going to pump up financial stocks?  I'm drawing a blank :)

Next FDIC report is due out on the 25th.  That is going to be fun to watch.

I'm in a country whose currency is tied to the dollar. The banks here claim to have stronger balance sheets, but....  Anyway, rumor has it, some in the local gov want to decouple from the dollar..  Hmmmmm.....

David in Qatar
aka someone that definitely does not want to play with his or anyone else's alstry

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#3) On August 22, 2009 at 6:44 PM, alstry (36.57) wrote:

David,

I did read it, but right now who knows what the report will read with the current manipulation going on to disguise the true distress.  Take a look at this from the WSJ about a new way to boost earnings at shareholder expense by further dilution:

Some corporations, facing the need to make higher contributions to their pension plans, are turning to a little-used financing strategy: Pouring their own newly issued stock into defined-benefit plans.

It also results in tax benefits and an earnings boost, according to Caitlin Long, head of the pensions-solutions group at Morgan Stanley.

"It's not brand new, but in years past, companies did not need to contribute as much" to their pension plans, largely because pension funding status was much healthier and companies had more cash-flow flexibility, says Ms. Long, who believes more companies will take this route in the months ahead. "Many companies may not realize this option exists, and it may be attractive under the right circumstances."

By funding pension obligations, corporations receive a tax deduction of 35% of their contributions, no matter whether they use stock or cash. And unlike the dilution that occurs when a company issues new stock to the open market or private investors, stock that is granted to a pension plan is generally accretive to earnings: Pension accounting rules allow them to record higher pension income after the contribution is made.

THE JOKE IS EXISTING SHAREHOLDERS ARE GETTING HOSED.  Who gives a damn about the owners of the company anymore.

In the 1934 edition of Security Analysis, Ben Graham uses an example of how a company stopped paying its employees with cash and simply paid them with shares of stock.  In the short run, earnings would explode and the market would go crazy, but in a relatively short period of time, the employees would effectively own the company and the shareholders would own practically nothing.

The more things change, the more Ponzi schemes remain the same.

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#4) On August 22, 2009 at 6:55 PM, topsecret09 (43.59) wrote:

      Very amusing blog as always....( I mean that In a good way)  When you talk In the third person I think It Is hillarious....  Your observations are totally correct. Our problems lie In CONGRESS,where you have an average age of 60 In the Senate. Our constitution was never meant to have congressional representatives serving 6,7,8,or In one case here possibly 9 terms !!!!   They have lost touch with the pulse of AMERICA,and In some cases It seems like they have lost touch with reality....   We cannot continue to spend money that we DO NOT HAVE. Unless something changes very soon to begin reducing our MASSIVE FEDERAL and STATE deficits we are going to see utter CHAOS In this country. You are more than correct on a host of Issues that you continually blog about,and I am glad that you are trying to watch out for your fellow citizens. This IS NOT about being a BULL or a BEAR, this Is about being truly concerned for our country,for ourselves,and for future generations.......    http://www.msnbc.msn.com/id/15348258/     http://www.blowoutcongress.com/alerts/suggest-language.php?mn=2&sm=2-2      TS

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#5) On August 22, 2009 at 7:11 PM, whereaminow (< 20) wrote:

alstry,

That's exaclty why I stopped looking at earnings. They're bogus. What do you own and where is your cash going? That's all I care about anymore.  

David in Qatar 

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#6) On August 22, 2009 at 9:06 PM, selfdestruct2 (25.89) wrote:

As long as I have enough money to buy Jergens for when I Alstrybate :b

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#7) On August 23, 2009 at 12:05 AM, Starfirenv (< 20) wrote:

I always pictured an Alstry as a dishwasher in a chinese restaurant. or, one of Jim Cramer's incdesecretions when he met chicken little.
  Turns out I got my own. 
  Al, Recs,

\

 

 

 

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#8) On August 23, 2009 at 12:24 AM, alstry (36.57) wrote:

The Game Is About To Change....

The Woodbury Lakes mall, a group of upscale shops that opened to fanfare just three years ago, has defaulted on its mortgage and appears headed for foreclosure.

A sheriff's sale has been scheduled for Oct. 1 in Stillwater, according to a public notice in the Oakdale-Lake Elmo review, a weekly newspaper.

The owner, Woodbury Lakes Retail LLC, owes $78.5 million on the property, which had an original mortgage of $65 million, according to the notice.

A property manager for the center was unavailable Saturday for comment. The owner could not be reached.

Several stores and restaurants have vacated the property, including Linens n' Things, Boston Restaurant, Salsarita's, Z Gallery and Urban Traveler.

Woodbury Lakes bills itself as a "lifestyle center," with upscale shops set in a more pedestrian-friendly pattern than the average strip mall.

Local residents were enthusiastic at its opening in September 2005. Shops such as Banana Republic, Ann Taylor Loft, Express and 40 other stores in Woodbury meant locals didn't have to venture to the Mall of America or Roseville to shop.

But retail, like many other sectors of the economy, has suffered in the recession.

Just west of Woodbury Lakes, the Tamarack Village center has seen Circuit City, Seasonal Concepts, Cost Plus World Market and CompUSA close.

"We just have way too much retail space, more than demand,"

http://www.twincities.com/allheadlines/ci_13185688?nclick_check=1

Failed shopping centers will have a material impact on tax receipts, rental rates, and jobs.  In the past five years we built  lots of new space simply as a byproduct of reckless lending practices looking for anything to lend to so long as it could be packaged and swaped.

This debt is the assets in our pension funds, banks, mutual funds, and insurance companies.  The assets are evaporating and the outlook is bleak.....yet the subprime is contained Fed chair Benny the B is telling us the recession is over?

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#9) On August 23, 2009 at 12:39 AM, NoMoeMoney (< 20) wrote:

I wonder if the Chinese really believe all that paper [they have bought] and are buying from the US is really worth anything? Jokes on them.....Hahahaaaa

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#10) On August 23, 2009 at 2:36 AM, gman444 (29.05) wrote:

Alstrydomous prognostications

Along with the Swedish bikini team, another Alstry classic.  

 

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#11) On August 23, 2009 at 7:48 AM, alstry (36.57) wrote:

The joke is not on the Chinese, the joke is on us......

The Chinese hold less than $2 Trillion worth of our paper....we hold well over $25 trillion of our own paper.

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