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alstry (35.41)

EVERYTHING 2 Change...RADICALLY

Recs

13

May 26, 2009 – Comments (4)

In addition to MASSIVE JOB LOSSES, our wages across America are evaporating at rates we have NEVER seen before....today we saw the UAW take a HUGE haircut in its GM negotiations....and this from the WSJ:

Accelerating health-care premiums and sharp revenue shortfalls due to the recession are forcing some small companies to choose between dropping health insurance or laying off workers -- or staying in business at all.

Dropping health insurance can result in a HUGE effective pay cut for that employee if he or she wants to maintain coverage...especially family coverage.  We are seeing job losses, wage reductions, and benefit reductions explode across the nation....and the consequences are being felt everywhere evidenced by the FU virus pandemic.

As described in the previous blog, we are now in the Deconstructive Phase of the Industrial Age which Alstrynomics characterized as Concentric Constraction.  Practically everything that had  value in the Industrial Age is CRASHING right now....Housing, Commercial Real Estate, Vacation Property, Boats, Bonds, and other trappings of the age.....over the past few years, the market has lost about 40% of its value as earnings have evaporated decreasing about 90% on the S&P.

This process has a long long way to go as 30-50% of the American workforce is likely going to lose their jobs or receive such massive paycuts that they will be effectively unemployed since they will not be able to meet their minumum subsistence expenditures.

The process will be convulsive for many....but it will pave the way for what Alstrynomics characterizes as the Technological Age.....where much of what we value now will not even be relevant in the near future.

In the mean time, expect the economic pain to increase dramtically....house prices continuing to crash, jobs lost by the millions, wages and benefits slashed, commercial vacancies to explode, legacy businesses to shut down, debts to default, etc........as Concentric Contraction proceeds forward.

Today our government reported consumer confidence was up.....let's we what government reports as this inevitable process moves forward and we proceed with our Zombie Bank policy resulting in Zombulation of the Nation.

How does it feel to be Zombulated?????????????????????????????????????

However, will we reach jubilation from zombulation.......only if prepared.

 

4 Comments – Post Your Own

#1) On May 26, 2009 at 4:28 PM, vmh104 (< 20) wrote:

And along with the current vein of the market mood; This popped up on Market Watch an hour or so ago....

 GM Bankruptcy could release brake on market

 This is the radical transformation you've been dreaming of: You see bad is the new good... if you want to see the market go down you just need to turn your monitor upside down... that's all...

hey I'm predicting there will be gold comet worth 680 trillion dollars making a soft landing on the white house lawn... the market will go to 0... I mean any substantially good news would have to be genuinly upsetting at this point

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#2) On May 26, 2009 at 4:28 PM, alstry (35.41) wrote:

Ms. Weldon......MEET THE ZOMBULATOR!!!!!!!!!!!!!!!!!!!!!!!!

from the wsj article mentioned above:

Sheryl Weldon, owner of Commerce Welding & Manufacturing Co., saw health-insurance payments increase to more than $800 monthly per employee from about $200 five years ago. With monthly revenue down 10% since December, Ms. Weldon stopped providing health coverage to employees, including one being treated for prostate cancer, for the first time in the 64-year-history of the Dallas sheet-metal company.

Ms. Weldon and several of her 14 employees are going uninsured and the third-generation business owner is struggling with the emotional toll of the decision.

"I have a terrible time handling that I can't give them that coverage," says Ms. Weldon, 52 years old. "How do you expect someone to be at their job everyday and perform if they can't be healthy?"

The above is simply part of Zombulation turning America into Zombie Nation.

It is amazing how a recession turns into a depression once the effects are felt by that particular individual.

Prepare for your Depression....The FU virus is now a Stage 3 pandemic.....there are not too many stages to go before we are all infected as we proceed down the current Zombulation Policy.

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#3) On May 26, 2009 at 4:45 PM, alstry (35.41) wrote:

How about this for revenue evaporation.....and this is a technology company...

Take-Two Q2 rev $229.7 mln vs $539.8 mln

Welcome to the Deconstructive Phase.......we still have a long long way to go......

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#4) On May 26, 2009 at 5:17 PM, alstry (35.41) wrote:

More spectacular revenue growth.....

Donaldson Q3 revenue $413.4 mln vs $587.8 mln

As Alstry said, revenues, earnings, incomes, and tax revenues are evaporating across the nation and the world.....

the industrial economy and system as we knew it no longer functions to deliver income to citzens and corporations and revenues to governments around the world.....

prepare for CHANGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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