I have noticed that everytime someone makes a negative blog about Alstry, Alstrynomics, The Institute of Alstrynomics, or Alstrydomous.......they get a huge number of recommendations. So I thought I would throw this title out to see if it can work for Alstry too.
As many of you know, Alstry does not blog for recommendations, but rather for being RIGHT....
A while back, The Institute of Alstrynomics called a hard top on the DOW at 8300. As was stated at the time, a hard top call has a 10% margin of error. Although the market moved above the 8300 level, as many were smoking green shoots, it stayed within the 10% margin. Today, the DOW is well below 8300 and on a trajectory the Institute believes to the mid 5000's if we maintain the current Zombulation policies of the Federal Rerserve led by Benny B and his Banker Buddies.
Our nation is broke. Our government is spending money we don't have and fewer and fewer will be able to finance the rapidly growing need for funds. Now government IOUs are being issued with little liklihood of ever being paid back as tax receipts evaporate.
Banks are repackaging debt for the second and third round after the first few rounds failed just to fleece the sheep one extra time. And the Fed and SEC are seemingly cheering on this behavior????
Soon, President Obama, practically every governor, and most mayors will have to tax citizens not only 100% of their income, but 100% of their net worth just to keep this Ponzi scheme going and government's doors open.
There is not much time to 9.09.....can you hear the chime??????