No More Blogging.....until......
Even though you KNOW in 9.09 that our economy is now one BIG PONZI scheme of insolvent institutions, Alstry will not blog regarding the market until the DOW drops below 6000 or Deej gives me permission.........otherwise, a major war, pandemic, or mass rioting breaking out will also be a gateway to resume my blogging....my guess is that it should not be too long of a break.......now let's patiently wait for the effect.
In the interim, I will simply document the inevitable Zombulation of government and health care in America....since the two are directly or indirectly responsible for employing over half the workforce.....monitoring the progress should be material in understanding where our economy is heading.........and helpful to many CAPs players.
Further, I am unaware of any analyst focusing on these two areas with the in depth real life factual examples Alstrynomics provides.
Now, the Mental Health Association is laying off approximately 40 percent of its employees.
He estimates approximately 4,000 mental health providers across the state will soon be out of work. The result, he says, will be thousands of patients without services.
Hillsborough County - 100 Additional Layoffs
Blue Cross Blue Shield of Minnesota - 100
City of Dallas - Last Day for Hundreds of Employees
Alstry estimates that in order to bring government and health care in line with the new lower revenue savings economy, we will likely be forced to reduce at least half the workforce of government and health care......without finding replacement work, just government/health care cut backs alone will increase unemployment to over 35%.
The problem with Alstrynomics is that it doesn't believe in the fallacy of a jobless recovery in a domestic service based consumer economy.........and if there is massive job losses, there is no consumer, and if there is no consumer....there is no economy.
At this point, Alstry will simply provide the facts.....you provide the conclusions.