August 06, 2009
– Comments (14)
Citizens can only take so much pain while bankers get so much gain. Are you prepared?
LAFD cutbacks go into effect today
Budget cuts claim L.A. City College sports
Tight-fisted shoppers drag down sales
Macomb County jail to lose 200 beds, layoff corrections officers
Detroit unions threaten to strike over cuts
About half of U.S. mortgages seen underwater by 2011
Back-to-school sales look groggy
Sacramento area could see higher rate of prisoners released
Home Front: More layoffs ahead in California -
I think its hard to compare California to the rest of the nation because of Prop 13. All our initiatives are taken off the top leaving less and less for the general fund. And well, Detroit has always been hurting.
Isn't it more likely that the market keeps climbing, and before people realize it, they will have missed their chance to buy cheap? Our previous lows were in the face of a total system collapse right?
Yea, our debt is out of control right now and states & municipalities are hurting big time but dont' you think the fed will just print more money just as they have always done?
As for the previous & recent spend-a-thon, what other way would you have chosen? I think it may have been the only option to stimulate the economy at that time.
Yea, inflation will suck but thats always been the case right? "Back in my day that use to be only 25 cents..."
I love your blogs but lately been thinking its more likely that the market will continue its climb rather than a complete over haul of the financial system. Probably some dips but not to our previous lows.
Do you think unemployment will reach 15% nationally? I've heard that might be the breaking point between stability and calamity...
I'm just a young investor trying to make sense of everything and trying to pick up knowledge from you experts.... Thanks
California is hard to compare with the rest of the US. They have the potential of more jobs and more money.
They have the best farmland IN THE WORLD, and over 1000 miles of coast line for commerce, and make most of the worlds movies. Big money. They have silicon valley, and it's one of the global vacation destinations.
To me it says that they SHOULDN'T be in debt,, but that no matter how much money some folks have, they just spend more than they have.
The issue facing California is the same issue facing practically every hospital, school district, city, county and state in the nation.
With declining revenue streams and massive debt loads at interest rates that can't be serviced current rates....we are on the brink of massive defaults across the nation.
The problem is one we have never faced before....simply a systematically insolvent nation. And if most of the nation is insolvent, so is all of its citizens because we are collectively responsible for the debts our politicians incur.
It is clear that current policy is heading us in a very interesting direction......9.09 is the time.
Hey party pooper lol what is the deal with 9.09? You mention it a lot.
Hope everyone is getting prepared.
The BIG WAVE is about to hit.......
A REALLY BIG WAVE IS COMING.....
CRASHING WAGES, HIGH DEBT, HIGH COST OF LIVING..........
Couldn't have been engineered any better as bankers get big bonuses.....from Mish's Blog
But why 9-09? Is there something going on then? It is a Wednesday. The wave can't come sooner enough. I want the market to be where it should be so I can accurately make predictions on the future.
My god people.
If your credit card says it expires on 9/09, do you assume it means Sept 9th of some mystery year? No. Neither did Alstry. Month.Year. It is not that hard.
#8 - we are not allowed to ask why... the answer will be something along the lines of "you don't get it, but you will"
Alstry[nomics] has predicted S&P 555 by 9.09.
I predict this Alstry[nomic] prediction will go the same way as the call of the top at 8300 in April - HORRIBLY WRONG.
i dont think it matters if you give alstry the rest of the year after sept. (which he will probably take anyways). He is crossing his fingers for anything to happen. But its been built up so much that I think unless godzilla rises from the east river and starts crushing new york, it will be underwhelming.
#9 don't have a cow. I am sorry if the United States is so backwards in everything from their lack of use of metric system to their dating system. The rest of the world reads 9-09 as September 9th. Only in the US do they say September 2009.
Thanks for being rude. :P
Quick! Grab your Surfboards 9.09!
'....Sacramento .....higher rate of prisoners released.'
didn't seem like they bothered to lock them up in the first place when i lived there & that was 15 years ago, honestly don't how it could be any worse...already bottomed - if even more come out they'll crowd into their favorite hoods and feed on each other - equilibrium