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alstry (35.17)

How Does War Impact Profits????????????????

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December 15, 2009 – Comments (3)

Right now, America is confronting a number of issues which could very easily escalate into military , conflicts with serious economic implications.  For example, troops are facing each other off in Colombia and Venezeula, Iran is always volitile, Saudi Arabia is bombing Yemen daily ....just to name a few all with significant oil reserves.

Concurrently, the EU seems to be facing significant hurdles with Austria, Greece, Italy, Spain, Ireland, and England.  The driver of growth, the Middle East, primarily Dubai, is not paying its bills until a standstill agreement is reached.

In America, after 1.01.10.....a lot of contruction around the nation comes to a grinding halt as projects are completed or put on hold.  BestBuy admitted it is being forced to discount heavily to move product as credit card delinquencies continue to skyrocket.

HD Supply Closing 25 Branches - 350 Job Cuts

It is clear we are well into the process of concentric contraction where fewer and fewer counterparties around the world will be able to meet obligations without government assistance or access to credit.

Credit Checks on Jobless Keep Jobless Unemployed 

When the world reaches a point of systematic insolvency, the liklihood of conflict increases as nations debate the value and implications of currency disputes....the issue is what will the consequences of such disputes have on trade, the economy and earnings.

1.01.10........we are on the brink..............now its time to see how everything falls out.

 

 

3 Comments – Post Your Own

#1) On December 15, 2009 at 5:11 PM, alstry (35.17) wrote:

1.01.10....When Hotels Get Mothballed in Vegas 

The Sahara has closed two of its hotel towers for the holiday season due to low demand, the property confirmed through its public relations firm.

"Two towers of the Sahara Hotel will remain dark based on demand through the holiday winter," an e-mail statement said. "Upon further demand, Sahara Hotel will make more rooms available."

The property also closed its buffet last week, something that happens every year during the holiday season.

Los Angeles-based SBE Entertainment owns the property.

The closing of two towers comes as Binion's Gambling Hall & Hotel downtown closed its 365 rooms indefinitely yesterday and cut 100 jobs.

http://www.lvrj.com/news/breaking_news/Sahara-closes-two-hotel-towers-due-to-low-demand-79308932.html

And just think......there a bunch of rooms in mid construction halted on the Vegas Strip.

And we are told the recession is over?????????????????

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#2) On December 15, 2009 at 5:30 PM, chk999 (99.97) wrote:

Buy the cannons, sell the trumpets.

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#3) On December 15, 2009 at 7:29 PM, alstry (35.17) wrote:

Millions of workers unemployed

Tens of millions suffering income reductions

Tax receipts evaporating

Deficits exploding

States running out of money

Families running out of money

Thousands of Auto Dealerships shutting down

Hotels being mothballed

FDIC doubles staff in anticipation of increase in bank closures

Austria nationalizing banks

AND NOW AS EACH DAY PASSES....GETTING CLOSER???

The US House of Representatives approved legislation on Tuesday to impose sanctions on foreign companies that help supply gasoline to Iran, a move lawmakers hope will deter Tehran from pursuing its nuclear program.

The bill authorizes President Barack Obama to levy sanctions on energy companies that directly provide gasoline to Iran along with the firms that provide the insurance and tankers to facilitate the fuel shipments. The Senate must approve the measure before it would be enacted.

Any thoughts where all of this is going?????????????????

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