alstry (35.47)

Alstry Is Getting Tired...Very Tired

November 21, 2009 – Comments (3)

Are most economists simply a mouthpiece for the Fed?

http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html

Is Global Warming a hoax as presented?

http://www.nytimes.com/2009/11/21/science/earth/21climate.html?hp

How can there be a recovery if practically everyone is cutting?

NY Paterson Warns of Furlough, Layoffs if State can't Close Budget Gap

Manufactureres routinely shutting down or laying off half of the employees?

Deal Would Cut Work Force At Harley Davidson York Plant by Half

We have had 9 consecutive quarters of increasing foreclosures......we have changed the methodology calculating unemployment, where what is reported as 10% today would have been reported as over 20% 25 years ago factoring the decline in the labor participation rate, our cities, counties, and states are facing unprecedented finanicial crisis, poverty is at unprecedented levels, wages are being slashed while costs are going up, revenues to our largest companies are down 20-30% and many even more, commercial real estate values are down 50% in a couple years and sales are down 70-90%, new home construction is at 1940s levels, auto sales are at 1960s levels.....

And we are supposed to believe this is only a recession and it is over?  Why, because that is what the Fed and its sponsored economists tell us?

Now government is running a $2 Trillion dollar deficit and we are still experiencing the above....Social Security  outflows have exceeded inflows for four consecutive months due to so many not working and an aging population, our pensions are in shambles few really have a grasp where conditions actually are.......the question is what happens if interest rates start to rise as fewer and fewer are willing to fund the growing deficit?

I am not sure where this is going.....but Alstry is sure getting tired.