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alstry (34.92)

Jobs are EVAPORATING around the world

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March 30, 2009 – Comments (7)

March 31 (Bloomberg) -- Japan’s unemployment rate rose and job openings disappeared at the fastest pace in more than 30 years as the export-led recession spread to households.

The unemployment rate climbed to 4.4 percent from 4.1 percent in January, the statistics bureau said today in Tokyo. The median estimate of 35 economists surveyed by Bloomberg was for 4.3 percent. The ratio of jobs available to each applicant tumbled to 0.59 last month from 0.67, the biggest drop since December 1974, the Labor Ministry said.

The job evaporation issue is not limited to the United States.  The slow down is being felt everywhere.  China lost 20 million jobs in Q4.  People protesting all across Europe.  Japan seeing jobs disappear at the fastest rate in 30 years.

We are all in this together.

Don't Fear...Prepare!!!!!

I tried to warn you....this will be economically MUCH WORSE than anything you have seen before...but it is NOT the end of the world....grab a bloody and ride the wave.

Modern Portfolio Theory vs. Concentric Contraction by Alstrynomics.... which one should be up for a nobel prize???

7 Comments – Post Your Own

#1) On March 30, 2009 at 8:19 PM, alstry (34.92) wrote:

Looks like Denninger and Alstry tracking......

Oops.

Under Millard's strategy, the pension agency was directed to invest 55 percent of its funds in stocks and real estate. That included 20 percent in US stocks, 19 percent in foreign stocks, 6 percent in what the agency's records term "emerging market" stocks, 5 percent in private real estate and 5 percent in private equity firms.

What I warned of was the potential loss of your private pensions a few months back, if you remember.

Here's the formula for your impending doom, if you forgot:

The S&P 500 goes to 300 as the "bailouts" and "handouts" collapse the economy.The PGGC's equity investments are worth 20 cents on the dollar, the private equity and REITs are zeros.  This puts the fund 40% underwater across-the-board.It is unable to pay and goes to Congress.Congress can't fund additional borrowing because the bond market has dislocated.You get 10 cents on the dollar for your supposedly 'guaranteed' pension.

Oh, and your Social Security and Medicare are cut by half (or more) too due to #4 at the same time.

Congratulations America, this is the price of remaining asleep while the robber barons fleece the Treasury.

Still think you ought to watch American Idol eh?

I give this two, maybe three years before it plays out.

http://market-ticker.denninger.net/

I have to say, even though we have never met....I tend to agree with this guy more than just about anyone else....

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#2) On March 30, 2009 at 9:16 PM, CapStockInvestor (26.91) wrote:

I am not sure if S&P 500 can reach 300. That's like more than 60% drop from now. With Feb printing money, I just don't think it will hit there. Perhaps in "real" terms, but not in "nominal" terms.

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#3) On March 30, 2009 at 9:40 PM, koja319 (< 20) wrote:

Great

No one likes to work anyway. Party time

 

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#4) On March 30, 2009 at 9:45 PM, koja319 (< 20) wrote:

 

Great

No one likes to work anyway. Party time

 I cant get people to show up for work where I live they prefer public aid

why work when u can get free housing, food, etc

too much charity given out from government makes people lazy

 

 

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#5) On March 30, 2009 at 9:53 PM, OneLegged (< 20) wrote:

I have a hard time imagining Japan's exports being down by 50% while their umemployment is only 4 +/- percent.  Something seems amiss.

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#6) On March 30, 2009 at 10:16 PM, nau99 (28.21) wrote:

Just a note of irony here... If the S&P hits 300... I think we're going to have much bigger problems to worry about than the S&P reaching 300...

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#7) On March 30, 2009 at 11:28 PM, stockrevealer (37.57) wrote:

This is a post for Mr. Jim Cramer's fans and people who say we need to do our "homework" before we buy a stock. Read on...this is the only homework you ever need in this market.

Cramer works for the Media and makes his money that way. Jim Cramer cares only about one thing: you trading more! Why? Look at the commercials while he is on. Don't be stupid, Jim Cramer only wants you to trade so he can make more money.
As far as doing "homeworks" go to elementary school if you like homeworks because obviously you are absolutely clueless.
I am a CFA and also have a Masters in Finance. I also have a BA in International Development Studies from UCLA. I had years of micro, macro economics and years of finance.
I also have a minor in accounting.
In short: trust me when I tell you there is no homework to be have. Why?
The financial statements of companies are so corrupt, so massive, so complex that not even I can figure it out. And you think your "homework" will figure it out. Companies simply cook the books and what you think you are doing as "homework" is worthless because the numbers are big lie..you idiot!
And why do you think when you get a financial statement it looks more like a book??!! Because companies are hiding debt, problems, insider trading in all those little footnotes.

And in regard to Jim Cramer: He is very corrupt because he never goes back to the stocks he recommended that are now penny stocks...he always finds companies that trade above 20-50 dollars and when those companies prices go down he moves to other companies. I was stupid and once I listened to his advice. I bought UNG and $70 when he was saying BUY BUY BUY!!!! and now UNG is at $15.00.....keep listening to Jim Cramer if you want to LOSE LOSE LOSE you money!!!

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