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alstry (36.17)

Even Roubini Scared????

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March 04, 2009 – Comments (3)

 Finally, Dr. Roubini coming around to Alstrynomics!!!!!!!!!!!!!!!!!!!!!!!!

Fed Chairman Bernanke raised eyebrows (and, briefly, the market) last week when said there's a "reasonable prospect" the economy will bottom this year and be in recovery in 2010.

But Berkshire Hathaway's Warren Buffett disagrees: The economy "will be in shambles throughout 2009 and...probably well beyond," the Oracle of Omaha declared this weekend.

In sum, Buffett and much of the rest of humanity are just now coming around to Nouriel Robuini's way of thinking, the economist known as "Dr. Doom" is upping the ante on his longstanding bearish views.

A year ago Roubini was forecasting an 18-month recession with a U-shaped recovery; now, he's now expecting the downturn to last at least 24 months and possibly 36-months. He also sees rising risks of a Japanese-style L-shaped stagnation, i.e. a prolonged period with little or no economic growth.

"I was one of most bearish people [but] the economy has surprised the bears on the downside," says Roubini of NYU's Stern School and RGE Monitor. "What's happening in the world now is scary."

http://finance.yahoo.com/tech-ticker/article/197164/Even-%27Dr.-Doom%27-Is-Scared-Economy-Much-Worse-Than-Roubini-Predicted?tickers=^dji,^gspc,QQQQ,DIA,SPY

Don't Fear...PREPARE!!!!!!

I have been warning you for some time that people would get afraid.  Now even Dr. Doom himself says what is happening is scary.  Get ready, if you think Alstry was an alarmist.....the headlines you are about to see in upcoming months will likely shock you.......unless of course you were a reader of this blog......then you should be conditioned for  what is ahead.

Again folks, this blog is not intended to be "funny" or "stupid"....simply a clear unbiased perspective of some very unsettling potential problems ahead.

Indeed, while the U.S. economy contracted 6.2% in the fourth-quarter, Roubini's main concern is economic activity in much of the rest of the world is in much worse shape. And while he is often critical of U.S. policymakers - including over the stimulus package, Fed policy and bank bailouts - Roubini says "the rest of the world is way behind the curve," in terms of doing the "right things" to confront the worst economic crisis since the 1930s.

Combine this with the previous blog and you can see why Alstrynomics is questioning how anyone with a rational logical mind can come close to calling the present a bottom??????

3 Comments – Post Your Own

#1) On March 04, 2009 at 8:34 AM, alstry (36.17) wrote:

Alstry's Action Jackson Simple Reaction to the Contraction steps.....

I am constantly getting what should I do or how should I react to the current turmoil in the markets.....

IT IS SOOOOO EASY............

1.  Go to CASH and place it in a Federally insured account.  If the US Government Fails.....we all fail as Americans and money will be the least of our issues.  Had you done it when I started blogging you would have been a lot better off than doing it today....but many of you guys were  too busy bashing Alstry or playing with the popularity pimps.

2.  If you want to try to surf the tsunami, then you may want to short, or selectively buy invesrse ETFs....but this is very risky and should only be attempted by those who appreciate how hard it is to surf a tsunami.  VERY HARD AND VERY RISKY.

I am not sure why CASH has become such a dirty word....a 1% return is soooooooo much better than a NEGATIVE 50%, 60% or 70%........don't you think?????

 

 

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#2) On March 04, 2009 at 9:16 AM, brwn8484 (< 20) wrote:

Let me interject something here:  I'm no roubini, houdini or buffet.  But I do have a brain and from where I'm sitting we are nowhere near any end to this fiasco. 

First:  Any statment made by bankers, politicians, current admin or other people of power should be viewed with great scepticism.  Most of these knuckleheads are trying to put a positive spin on this fiasco.  Which is partly why we are in this mess.  Statistics lie and  politicians can sling statisitics with the best of them.  Most of these BOZO's dont have a clue that we havnt been in a free market capitalistic system for years.  Several of my Congressional rep's admitted to me that I know more about the financial crisis than they do.  At the outset, after I called, several indicated that they did not understand the cause or the mechanisms of the current crisis.  Currently we are hemoraghing jobs at an alarming rate.  The current administration would like you to beleive that they can create several miliion jobs.  While they may be able to improive the job outlook, we will not see a net increase in jobs for over 10 years.  After the depression, it took 10 years and a world war to get unemployment down below 25%.  The current administration (as well as the last) has no clue how to turn this unemployment problem around.  I looked at the bailout money coming to central Ohio where I live and there is absolutely no way that I or my neighbors will see any jobs coming out of this cobbled monstrosity.   On the contrary, our fine Governor Strickland has created a two tier education system in Ohio.  My wife works for a charter school (non-union).  she is paid less,works longer (11 months) than union teachers and has less benefits.    Strickland is proposing to cut money to charter schools again.  Currently a charter school student receives $5,000/year in funding and public brick and mortar students receive $10,000 to $13,000 per year.  Strickland is proposing an additional $1,500 cut to charter school students.  If this happens my wife will lose her job. If Strickland follows through with his plan... 100,000 charter school students will be forced back into the public school system for a mere (100,000 X $10,000 or 1 billion in additional spending).  All of those charter school teachers working for less (and longer hours and less benefits) will lose their jobs.   And you thought the Decmocrats were working in your favor, Ohio.   Well welcome to the new world order... where the bankers and republicans will sc%^& you  but the Democrats and bankers will sc$%^ you ROYALLY.  

I called Stricklands office and Dan Dodds office and both seemed to know little about the gov's plans.  Their reps promised to look into this, but have never called me back (several weeks ago).    I thought the democrats were only for the little guy?  Well thats what I heard from all liberal media.

I only share this story to illustrate the fact that our leaders are destroying jobs, not creating them.  And very few have any clue what is going on with the plans of our elected leaders.

We are following the same old tired spend and spend liberal mantra that we always hear is the answer to rebublican corruptiion...blah,blah,blah.  Nothing is new here.  We are following the exact same path that didnt work in the first depression.  and dont think we will be able to fgorestall a depression.  Some counties in Ohio are already at 15% unemployment (and those are the official statistics (lies) that have been published.  My guess is that those numbers were massaged prior to publication.  Well..... anyhow  there is nothing new being done to solve this crisis.   There are many brilliant men that have proposed alternative strategies but they have been ignored by the politicians and the American public.  Perhaps when the patient is too far gone we will wake up and ask the hard question, why didnt we try something different this time?  Unfortunately, it may be too late.

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#3) On March 04, 2009 at 9:30 AM, alstry (36.17) wrote:

Brwn, 

Without an application, you would be admitted to the Institute of Alstrynomics.

Until we actually address the underlying problem, and not the symptoms, more and more patients will be dying on the operating table.

Up until today, we are focusing on the symtoms.....Why do you think few have been as accurate as Alstry???

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