Alstry was Wrong and Would Like to Appologize
I have to admit, after further reflection I was wrong in my assessment of where I think the economy is going....based on further review I would like to make some updates which will subject to change going forward:
Based on the massive RECENT revenue declines to cities, counties, states, hospitals, and schools including Universities and Colleges.....Alstry would like to make the following revisions.
Orginally I thought if we simply maintained the same counterfeiting policy, Oil could reach $100, $500, or even $1000 per barral....well now based on recent dollar action and no sign of change from government....$10,000 per barral will be easily attainable.
USD Index Falls To 14 Month Low Of 75.757
Originally I thought unemployment would cap between 30-50%...but based on the recent layoff notices and outlook for currency, it seems 60-70% is not out of the question. According to McKinsey we are already at 25%.
Where will this lead us, I am not quite certain....but if you take a look at the condition of Detroit today....I think that will be the best we can expect for most American major cities if we maintain the current Zombulation policies.
Economist: Lost Jobs Wont Return Until at least 2012
It ain't hard....now we feel....11.10.9.