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alstry (35.36)

Getting It From BOTH Ends

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January 28, 2009 – Comments (5)

You read Alstrynomics blogging about companies laying off more than 10% of their total workforce, you read my blogging about paycuts.....now how about both at the same time at the same company......

Teradyne also announced that in the first quarter it will be reducing its worldwide staff by about 14% and implementing a 10% broad-based temporary pay cut.

I was out tonight with a close buddy and our two sons, after an autographing event we took the kids for dinner......my buddy is the owner of a very successful transportion companywho incidently is a avid reader and believer in Alstrynomics.

Over the years, this person and I have been through a lot, and if you can believe it, he sometimes accuses me of being a bit over the top.  My counsel to him over the years, when it comes to running his business has been to focus on the fundementals of the business and simply keep my blogging in the back of his mind for reference.

Being an extremely well managed business and a relatively small fish in a huge lake, his company has been able to steadily grow for the past ten years.  I have to say, from a mental standpoint, my friend is about as tough as they come.  He focuses on the fundementals and has been able to overcome obstacles that few could have met and pushed aside.

Up until tonight, his business has been relatively immune to the downturn......tonight, for the first time, I could sense that he is beginning to feel it.  If it has gotten to my buddy, I now know the problems are really really deep.

My friends, very very soon we will all have to start making some pretty big sacrifices.  Soon we may only get mail five days a week instead of six.  City services we take for granted may be no more.  Those that thought they could retire may not be able to and may not be able to continue employment.

Make fun of Alstrynomics all you want....quite frankly I find it rather amusing as I have yet to find a worthy advesary providing a supportable alternative perspective.

Sure gold may go up or gold may go down, but if you think real estate prices crashing, rents imploding, wages being cut at many levels, and commodity prices falling substantially off their highs is price inflation, I am not sure what you would call deflation.  In many cases, prices have fallen further and faster than they did in The Great Depression.

If Alstrynomics projections are right, you may want to start preparing for The Greatest Depression.

5 Comments – Post Your Own

#1) On January 29, 2009 at 12:52 AM, jahbu (89.21) wrote:

Dude, do you really believe you are the only ENLIGHTENED one on the freaken planet?  Everyone knows how bad it is and how bad it is going to be. 

WHY THE HELL DO YOU THINK SO MANY ARE BUYING GUNS AND GOLD???????????  

Most are 'Deer in Headlights' right now.  Make the wrong move and ouch.  The even bigger problem is the Government/Fed are drunk at the wheel making our next move to avoid their erratic driving that much more difficult.  

I have been part of this community for 2 plus years.  MOST have known/predicted it was going to get bad. 

Most here are trying to avoid the Mack Truck that is swirving down the highway at 90 miles an hour.  Yes the truck swirved right then unexpectedly swirved left,  BUT NOW WHAT?

Stop tooting your own horn, you dodged right, but there is another Mack Truck right around the corner.

Jahbu

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#2) On January 29, 2009 at 7:34 AM, alstry (35.36) wrote:

Amen Bother....Amen.

Keep buying that gold before deflation gets sooooo bad nobody knows what to do.

PS:

If you really want to laugh go back and read some of the comments people were making on my blog last year when I was projecting the current mess.

Remember, the only way to save a deer in the headlights is to stop the car or push the deer off the road.

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#3) On January 29, 2009 at 7:42 AM, OneLegged (< 20) wrote:

That light at the end of the tunnel is a train, on fire.  (can't remember who coined that originally)

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#4) On January 29, 2009 at 2:26 PM, jesusfreakinco (28.81) wrote:

Speaking of getting it from both ends...  Look at gold today :)

Gold up 2%

Got gold?

JFC - a certified crazy, inflation-oriented, gold nut

 

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#5) On January 29, 2009 at 3:30 PM, alstry (35.36) wrote:

As I told you before, gold is strictly an emotional play and can go either way.  I never try to predict the emotions of a women, I prefer sleeping with her.

Do I own some gold......sure.  Does it matter....not really.

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