Alstrynomics WARNED you...
It gave you over a years notice to get your house in order.
Pay off debt. Raise cash. Prepare for the shutting down of America. Public acknowledgement of the DEPRESSION is just about here. Remember, the generally accepted definition of a depression is a 10% drop in GDP from peak to trough. Right now many industries are already in a depression....
Commercial Real Estate
Now the visible decline will really start be felt has government cut backs start gutting general GDP. Yesterday, California effectively cut wages of ALL state employees by 10%. How many of those employees do you think were saving 10% prior to the wage cut????
California is the 8th largest economy in the world.
We are already at 13.5% reported UN/Underemployment. Forcloseures are skyrocketing and homeprices are crashing. Jobs are being cut by the thousands everyday. Boeing just announced another 4500. There are at least 10 supplier jobs for every Boeing job...you can do the math.
I live in a neighborhood where the property taxes range from about $10K per year to about $50K for the larger homes. I am aware of some situations where the owners, who have NO MORTGAGE on their homes are having difficulty simply paying property taxes, insurance, utilities and maintenance.
Others, can no longer afford health insurance.
How are the states going to be able to pay employees if fewer and fewer can pay property taxes???
And we are still at the beginning of the process. I hope you grabbed your surfboard, a good bottle of tequila, and some good cigars......and get ready......it will be a big one....COWABUNGA!!!!
Remember Alstrynomics is the practical application of economics and politcial science. It is looking better and better that Alstry will be the highest scoring CAPS player for a one year periord on the one year aniversary of Alstry's first CAP's pick.
That might be a good day for Alstry to quit CAPs.