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alstry (35.76)

BREAKING!!!! Zombulator Sighting!!! Good ole Depression NOW!!!!

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7

May 21, 2009 – Comments (3)

BankUnited fails in Florida, marking biggest collapse of 2009; FDIC estimates failure will cost U.S. fund $4.9 billion.

Now this is really beginning to look like a Depression while the BSers are squawking about a recession, green shoots, and single digit unemployment rates.......

Not Alstry nor the Institute of Alstrynomics.

The Zombulator really got a big one this time.......but we are still at the beginning.  Prepare!!!!

As a reminder....Alstry called top a few weeks ago at 8300....we closed at 8292 today.......soon Alstrynomics Techno Trance Analysis could be the most respected technical service out there......and you saw it here on CAPs first!!!!

as it is still in its infancy.....it is too early to tell.  But looking good so far.....since

Alstrynomics is all about being right.......

Which would you prefer...Alstry to bring you the best analysis and most accurate projections with a biting and ascerbic personality.....or would you want Alstry to be an incompetent, civil blogger who wears his underwear a few sizes too small as he tries to antagonize others and then claims persecution when called on the mat.

Note:  no inferences to any character real or fictional should be made from any of the above remarks as to potentially confuse any of the above statements as uncivil toward another real or fictional person.  Simply giving the choice of two very voluntary personalities.

The more you dispise Alstry....the more you question his work.....the more you question.....the more you realize how good he really is.....and even more important.....the more YOU learn and maybe teach me a thing or two........that is my favorite part....Alstry loves learning.

It's all about investors helping investors and no place better than CAPs.

3 Comments – Post Your Own

#1) On May 21, 2009 at 7:46 PM, alstry (35.76) wrote:

Large Banks Failing

Treasury Rates Skyrocketing

Now Plosser warning about inflation......

Who will finance this unending stream of borrowing??????

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#2) On May 21, 2009 at 8:00 PM, alstry (35.76) wrote:

Zombulator striking everywhere....the FU Virus sure to follow...

General Motors Corp. is trying to get bondholders to agree to a debt swap deal. Debra June, a substitute teacher from Stuart, Fla., is an example of why the offer is proving to be a tough sell.

Six years ago Ms. June invested $70,000 in GM bonds, thinking they were a safe bet. But under under the offering GM unveiled two weeks ago, all she would get is some stock worth about $280, according to her own estimate.

http://online.wsj.com/article/SB10001424052970203771904574179840660558888.html

If this lady is only going to get $280....why the heck is GM stock trading for anything....the bond holders legally should be paid in full before shareholders get a dime.

Who the heck is going to lend anything to anyone in America when there is no certainty of laws????????

GM bonds were sold to widows and orphans as a "safe" investment.......maybe the should have purchased the stock instead.....crazy times indeed.

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#3) On May 21, 2009 at 8:43 PM, alstry (35.76) wrote:

THIS WILL BE A HUGE MESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

from the wsj:

SAN FRANCISCO -- California Gov. Arnold Schwarzenegger, in his efforts to find funds to balance the state budget, has proposed borrowing $2 billion from municipal governments over the next fiscal year, a tactic that is rankling local officials up and down the state.

Mr. Schwarzenegger is invoking a 2004 law that lets the state demand loans of 8% of property-tax revenue from cities, counties and special districts. Under the law, the state must repay the municipalities with interest within three years.

Administrators of already cash-strapped cities and counties said the loans would force even deeper cuts in services. Fewer cops and fire engines would be on the streets, they said, and parks and libraries would be closed more often. And some local governments would be forced to lay off workers to keep their budgets out of the red, they said.

Mr. Schwarzenegger's proposal "suggests that financing state government and state-government services are more important than these basic community services," said Chris McKenzie, executive director of the League of California Cities. "I think it's something most of the public would disagree with."

Good luck sorting this one out.  The state wants the cities money...the cities don't have enough for themselves...we could see a fight like nothing since the Terminator......

As money runs out.....people will become more and more desperate....this is what the Zombulator effect is all about.

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