DEPRESSION REALLY KICKING IN!!!!!!!!!!!!!!!!!!!!!!!!!!!!
July 09, 2009
– Comments (9)
A depression is a 10% drop in GDP from peak to trough.
We have seen new home sales drop 80%.
New car sales down 50%.
Alcoa's sales down over 40%.
Retail sales down double digits.....same with Hotel and Airline revenues.
and now Technology sales are slowing dramtically as evidenced by this press release tonight:
Lawson Software Q4 revenue $186.2 mln vs $233 mln
The last two areas holding up the economy are government spending and health care.....and the two are tied at the hip as half of all health care spending comes from the government.
As government receipts evaporate, so will spending. Since government spending is half of GDP, any slowdown in spend will have a dramatic impact on GDP.
The only green shoots you should be holding are those that you can smoke, otherwise you are proabably halucinating on some really rotten stuff. My suggestion, switch to Bloodys with some lime as a kicker, it provides a little extra twist from lemon, but if you throw in one of each, all the better with a little Old Bay around the rim.
9.09.........Only Alstrynomics and hopefully you are prepared.
RSS Headlines
Fool UK