Use access key #2 to skip to page content.

alstry (36.32)

IT'S CRASHING!!!!!!!!!!!!!!!!!!!!!!! Just like Alstry warned......

Recs

16

March 25, 2009 – Comments (20)

WASHINGTON – The financially strapped U.S. Postal Service will run out of money this year without help from Congress, Postmaster General John Potter warned on Wednesday.

"We are facing losses of historic proportion. Our situation is critical," Potter told a House subcommittee.

The agency lost $2.8 billion last year and is looking at much larger losses this year said Potter, who is seeking congressional permission to reduce mail delivery from six days to five days a week.

Potter also urged changes in how it pre-pays for retiree health care to cut its annual costs by $2 billion.

If the Postal Service does run out of money, the lingering question, Potter told the House Oversight post office subcommittee, is which bills will get paid and which will not.

He said ensuring the payment of workers' salaries comes first, but other bills may have to wait.

http://news.yahoo.com/s/ap/20090325/ap_on_bi_ge/postal_woes;_ylt=ApgWNEbEaxrW_x4Lsg_3LKKyBhIF

Now the Post Office has contracted the FU virus.....soon it could be you if you don't prepare.....

Pay down debt and build up your immune system....the FU virus will be affecting many of your neighbors very soon....don't let it be you......

This is what is called a DEFLATIONARY death spiral.........look out below;)

20 Comments – Post Your Own

#1) On March 25, 2009 at 3:09 PM, alstry (36.32) wrote:

Think of Alstry as the Doctor of Alstrynomics....and right now Alstrynomics is one of the few that really understand the economic disease infecting and spreading rapidly across America.

The disease is too many Americans are infected with too much debt and too little income.......toxic assets are simply a symptom of the disease......just like a headache is a symptom of brain cancer.

Until we start addressing the disease infecting many citizens, corporations, and state and local governments....what was once a disease that spread by contact is now going viral....get ready because pretty soon almost everything you own will be toxic.

If you don't believe me.....revisit this blog in about six months.....

Report this comment
#2) On March 25, 2009 at 3:23 PM, icesword2 (52.56) wrote:

The post office as we know it has had its long, storied run.  It's time for a new paradigm.  Leaders amongst the laid-off postal workers will do contract work for the payroll services until they organize a new local-bulk courier industry.  Either that or the big international carriers like FedEx/UPS/DHL will branch out to fill the void left by the defunct USPS. 

The truth is, most people have switched to paperless methods of communication, and soon the technology will be affordable to the masses for direct deposits and ATM cards.  The junk mail we can live without, and the special letters and packages from friends and family can be handled by a much smaller postal service than what we have now.

Report this comment
#3) On March 25, 2009 at 3:36 PM, alstry (36.32) wrote:

ice...not just the Post Office 

IBM about to say FU to a bunch of Americans!!!!!!!!!!!!!!!!!!!

From today's WSJ:

International Business Machines Corp. is expected to inform a large number of U.S. employees in its global-business services unit that their jobs are being eliminated, with the work of many of them being transferred to IBM employees in India, according to people familiar with the situation.

The planned cuts show that even companies that are successfully navigating the global recession are continuing to slash costs--some of them by taking advantage of cheaper Asian  labor.

......

The global business services group is by far the largest at IBM in revenue and employment, with 180,000 professionals world-wide, according to an internal document viewed by The Wall Street Journal.

Hmmmmmmmmmmmmm.

The post office just sent early retirement requests to 150K...how many is IBM going to ax......

Just as Alstry said.....the FU infection is going viral....

Report this comment
#4) On March 25, 2009 at 3:51 PM, motleyanimal (51.77) wrote:

IBM is creating a security risk to the United States. It must be stopped.

Report this comment
#5) On March 25, 2009 at 3:51 PM, nottheSEC (80.53) wrote:

alstry (99.95)Thank for presenting your point of view.We may not always agree but you get me thinking. I believe the immediate remedy for this years deficit is no Saturday delivery which will save 3.5 billion according to numerous articles.

ALSO icesword2 (94.43) makes some really valid points the post office has become the junk mail delivery services and the new buggy whip largely. I propose no saturday delivery,make debit cards universal, raise junk mail fees 10 %,raise post office transacted parcels 5%, sell profitable ny/philly/chicago/miami/la/phoenix and other big metro city routes which have about 30 % of the population and probably 50 % of the mail and sell some real estate. Put the money in trust to do small city and rural deliveries in a down sized Post office.

Report this comment
#6) On March 25, 2009 at 4:04 PM, alstry (36.32) wrote:

notthe...

of course we must deal with the PO....3 day delivery might be the solution....but it is simply a symptom of a much BIGGER disease......IBM is also a symptom.....Detroit is a symptom.........if we don't address the disease.....we will all be living in Detroit soon.

Report this comment
#7) On March 25, 2009 at 4:13 PM, Kenaida22 (< 20) wrote:

Nothing crashed, maybe tomm.

Report this comment
#8) On March 25, 2009 at 4:18 PM, alstry (36.32) wrote:

Nobody said it crashed.....Alstry said its crashing......you may want to leave the building before its too late......

Report this comment
#9) On March 25, 2009 at 4:33 PM, briyan (31.78) wrote:

I agree that the post office is pure junk.   I get maybe one or two real pieces of mail per week (for which online delivery would have almost always been preferred) but I get about an eight inch tall stack of coupons, catalogs, fake newspapers, and brochures which I don't even look at.

I think the situation is similar for most people these days, the vast majority of what comes in my mailbox goes right in the trash/recycling -- why should we be paying money to enable this wasteful practice?

Residential delivery could easily work fine if cut down to MWF if not less, and the rates should go up. 

Report this comment
#10) On March 25, 2009 at 4:49 PM, abitare (49.76) wrote:

The Post Office - there job is to deliver Netflicks, no much else.

Report this comment
#11) On March 25, 2009 at 4:55 PM, nottheSEC (80.53) wrote:

Alstry respectfully I see your correlations and I believe and agree with you that we are in for some very unpleasasnt suprises. I give you due credit for IBM and the speed of the post office demise. The Post office story has been circulating for some time BUT that gravity of the issue NOW and SO quickly is suprising. 

A bad example with regards to Detroit  Detroit was the first symptom but of the long time disease Untalented management HUBRIS aka Ballas Incredulatas. From VW to Toyota they believed people would not buy better cars because they would buy Amercian..Detroit has 15 % unemployment in good times and has been in a recession since 1991. I know been to Michigan a dozen times. 

more apropo would be fool Imperial pointed out this morning correctly so the treasury auctions would have little interest and BINGO.. virtual No interest.   

As always Alstry intreresting food for thought

Report this comment
#12) On March 25, 2009 at 4:57 PM, MikeMark (29.51) wrote:

I don't want my Netflix to stop, but I'm sure someone else will be happy to do it, just maybe at a higher rate. (Or maybe purely electronic).

Report this comment
#13) On March 25, 2009 at 4:58 PM, nottheSEC (80.53) wrote:

, abitare (99.68) LMAO yeah that 30 % of their job these days. Netflix should buy REDBOX and then we could slowly close the PO.

http://www.redbox.com/home.aspx  

Report this comment
#14) On March 25, 2009 at 5:03 PM, lloe01 (56.44) wrote:

Look,  The Post Office did this to themselves.

 

They spent millions of dollars moving their Managers around the country and then buying houses for them (Averaged 200K per move)  Heck, in some instances, the houses were bought for millions and then, when sold, lost 20-30%.

 

You can't run a business like that.

 

Fire the managers, promote the ground pounders and save millions of dollars.

Report this comment
#15) On March 25, 2009 at 5:07 PM, nottheSEC (80.53) wrote:

lloe01 (60.08) Dang suprising info.The friggin PO cant find local managers??! I wish they did that for me on my civil service job. Nah No thanks on second thought it would be a violation of the public trust. 

Report this comment
#16) On March 25, 2009 at 5:18 PM, alstry (36.32) wrote:

You guys still don't get it.......

Revenues to the PO is drying up....

Just look at the percentage of your mail that was credit card solicitations a few years ago that is no longer coming...

Yes issues exist with management...but the PRIMARY issue is evaporating revenues.....when somebody loses their job.....their primary issue is evaporating revenues....when Japan's exports are down 50%....its primary issue is evaporating revenues....

right now the world is experiencing evaporating revenues....much of it right now is being compensated by spending down revenues or borrowing what ever little availablity remains.....as soon as that is gone.....FU

Report this comment
#17) On March 25, 2009 at 6:44 PM, AnomaLee (28.76) wrote:

- Come on "Dr. Alstry" how is this even news?
- When has the USPO been a positive long run companie of scale?

I'm not arguing against anything else, but what else are you going to post? How sales of pogo stick manufacturers are down?

The crashing is turning into more or less into the draining. Most of the biggest declines are already done, and the rate of decline will slow.

If Japan's exports are down 50% YoY this time next year you:
a) probably won't be blogging and will be worrying about looters
b) most people will have given up and can't afford to log on anymore

 

Report this comment
#18) On March 25, 2009 at 7:43 PM, jszoke01 (24.49) wrote:

How many forever stamps does it take to pay the Postmaster General's $850K annual salary?

Report this comment
#19) On March 25, 2009 at 8:28 PM, alstry (36.32) wrote:

A lot less than it takes to pay bankers $100 MM incomes.

Report this comment
#20) On March 26, 2009 at 11:24 AM, OleDrippy (37.20) wrote:

Let it burn.. Much less junk mail.. I'll email christmas cards next year..

Report this comment

Featured Broker Partners


Advertisement