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alstry (35.35)

MASSIVE number of Bankruptcies around the corner

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December 31, 2008 – Comments (6)

Jnauary 1st, 2009 is just a day away.  As the new year begins, expect to start reading about an incredible number of bankruptcies.....and it will not be industry specific.....it will include governments and businesses, individuals and families.....the numbers will likely be shocking!!!!

Again NO FEAR.....PREPARE!!!!!!!! 

Think of this blog as basic training for the war on misinformation.  Preparation fertilizes chance. 

The following from the WSJ:

LyondellBasell Industries, the world's third-largest independent chemical company, told lenders on Monday it is considering filing for bankruptcy protection amid plunging sales and a cash crunch, people familiar with the matter said.

LyondellBasell, which is based in the Netherlands and has large U.S. operations, has hired bankruptcy counsel and told lenders it is trying to line up as much as $2 billion in bankruptcy financing, these people say. A Chapter 11 filing may be imminent, they say.

The chemicals industry has been battered over the past year, first by high prices for oil and natural gas, which are key components ...

 

Just wait until we start reading about the restaurants, retailers, builders, commercial RE projects, ect.....it will not be too long now.....lots  of leases, contracts, lines of credit ect....come due or expire at the end of the year.

6 Comments – Post Your Own

#1) On December 31, 2008 at 2:09 AM, DaretothREdux (41.99) wrote:

Oh, Alstry you had been so quiet tonight I was getting worried about you.

Are you sure you haven't posted this one before? It just seems familiar.

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#2) On December 31, 2008 at 2:57 AM, Donnernv (< 20) wrote:

et cetera is abbreviated by most literates as etc., not ect.

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#3) On December 31, 2008 at 10:04 AM, alstry (35.35) wrote:

Donner,

Now that I put them side by side.....I think you are right.  Thanks for reading.....come again.

Dare,

It sure seems that way as price DEFLATION is really starting to kick in....faster than most imagined.....

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#4) On December 31, 2008 at 4:52 PM, Mary953 (72.18) wrote:

Etc, Ect - at a guess, your mind is racing faster than your computer can keep up again. 

Happy New Year, Alstry!

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#5) On December 31, 2008 at 5:57 PM, buyhold2 (98.93) wrote:

Will this make Monsanto to drop in price?

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#6) On December 31, 2008 at 6:50 PM, alstry (35.35) wrote:

Mary,

Happy New Year to you as well.

I promise, if you stick around.....you will find 2009 a very interesting year.....whether we agree or not.

By the way, wish your daughter luck.....clearly creativity is a genetic trait in your family.

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