Anatomy of the Shutting Down of America
May 04, 2009
– Comments (6)
D.R. Horton is the largest residential hombuilder in America.
Sales in Q2 2007 were $2.5 Billion dollars!!!!!
Sales in Q2 2008 were $1.6 Billion dollars!!!!!
Sales in Q2 2009 were only $775 Million dollars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Revenues for DHI were approximately 1/3 of what they were just a couple years ago......ONE THIRD!!!!!!!! And that is after hundreds of small and midsize builders have gone out of business.
Car sales are tracking about half of what they were a few years ago. Airline and hotel revenues are much lower. So is commercial construction.....and talk to your architectNow government revenues are evaporating from MUCH LOWER tax receipts.....
Yes my friends.....Never in American History has our ecnonomy slowed so much in such a short periord of time.....we are less than two years into this and we are already over 17% unemployment.....Whoops....I better wait until Friday for confirmation from the Department of Labor.
Becareful of the Zombulator....the housing industry and auto industry in America has been zombulated......currenty retail and travel is in the zombification process.....just wait.....the Zombulator has its sights on healthcare and the government next........
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