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alstry (35.90)

Is the value of Assets Crashing???

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June 22, 2008 – Comments (7)

The value of an SUV when dealers no longer accept them as trade ins?

The value of a house when there are five other vacant properties on the street for sale?

The value of a luxury condo when only 20% are sold and squatters have invaded the building?

The value of a municipal bond when the coverage revenues fall below the payments?

The value of a boat when half the other boats in your marina are for sale?

The value of a shopping center when you have lost your anchor and half the spaces are empty?

The value of a business that can no longer make a profit?

The value of land that no longer makes economic cents to build upon?

The value of a corporate bond that is in jeopordy of defaulting?

The value of jewlery when many of your neighbors are pawning theirs?

The value of the stock of a company that is losing money and has negative forward prospects?

So let's see:

Stocks, Bonds, Boats, Businesses, Condos, SUVs, Houses, Shopping Centers, Land, Jewlery dropping in value......and most aren't even aware yet.......what will happen when more people wake up?

Now this one is really out there to make you think......

If assets are crashing, wages are falling, businesses are failing and jobs are being eliminated....what happens if food and fuel prices keep going up?

Now, shouldn't just one, I don't give a damn from which party, of our politicians be publicly concerned?

 

7 Comments – Post Your Own

#1) On June 22, 2008 at 9:12 AM, alstry (35.90) wrote:

STAY HOME PEOPLE!!!!!!!!! or 40% umemployment rates.....

Remember, in order to be counted as unemployed, you have to be actively looking for a job.  Many people left the workforce because their spouses made enough money to sustain their lifestyle.  Now that wages are falling and costs rising, many are contemplating returning to work to supplement their family's income.

Each time a person starts actively looking for a job, they are counted as unemployed until the find one.  In addition to the rising number of layoffs, you think the unemployment rate might skyrocket from people being forced to return to work?

For a good perspective, just take a look at the current teen umemployment rate as teens and college students desperately search for summer jobs that simply don't exist.

The stories started coming fast and furious as soon as Memorial Day ended: Teen summer unemployment in this country for those 16 to 19 years of age is at its highest since about 1948. And we're hearing all manner of experts weighing in as to why.

An overall slump in the job market is contributing, says one expert. A big influx of teen job seekers is another, says a different expert. There simply aren't enough jobs to go around, chimes in another.

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/archive/s_572014.html

We can keep the unemployment rate low if we just tell our friends a couple things:

1)  Those looking for work should simply stop;

2)  Those ambitious ones thinking of returning to work, tell them to become independent contractors or simply stay home.

Remember folks, we don't want to screw up the statistics and we all have to make sacrifices for the good of the nation.  How long do you think self employed families will be able to continue paying $15K per year and more for health insurance?

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#2) On June 22, 2008 at 10:07 AM, hansthered0 (< 20) wrote:

What would you do to fix this alstry?

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#3) On June 22, 2008 at 10:17 AM, alstry (35.90) wrote:

Now that is a good political question.

Do we hyper inflate and impoverish the growing number of retired savers and reward the reckless borrowers?

or

Or do we just let the system purge itself of the excess, retructure, and start over on a solid foundation?

Quite frankly, either road sucks.

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#4) On June 22, 2008 at 11:22 AM, joeykid13 wrote:

Alstry,

 I just wanted to say that I appreciate your effort to give folks a little "heads up".  As unpopular as the truth is...it stands alone, and needs no alibi.

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#5) On June 22, 2008 at 1:24 PM, kristm (99.75) wrote:

You know why teenagers can't get summer jobs? Because the minimum wage just shot up and is about to rise again. You can hire five illegal immigrants to do a job for what it costs to pay a teenager legal wages to do it, and a teenager won't do as good a job.

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#6) On June 22, 2008 at 4:36 PM, dexion10 (28.27) wrote:

Altry - We're in trouble. I abandoned my RV shorts during the fall for small profits but I'm looking to put them back on.

The RV companies are twice screwed (the opposite of Jim Cramer's twice blessed)... high fuel and weak consumer.

 

Tickers: WGO THO FLE COA 

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#7) On June 22, 2008 at 4:41 PM, alstry (35.90) wrote:

I am red thumbing wgo and fle right now....not sure COA will work.

THO makes a lot of money from busses and may actually benefit from current environment.

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