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alstry (35.36)

No More Blogging.....until......

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October 01, 2009 – Comments (17)

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.

http://www.wral.com/news/local/story/6119965/

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.

17 Comments – Post Your Own

#1) On October 01, 2009 at 8:33 PM, alstry (35.36) wrote:

SHELBY — The news broke in August. Now the effects are starting to be felt statewide.

The state Correction Department is moving about 950 prisoners as North Carolina’s budget problems force it to close seven minimum-security prisons.

One has already closed. Three more are set to close this week. By December 1, the Cleveland Correctional Center will be added to the list as well.

The moves will save about $22 million. They’re part of the department’s plan to eliminate 1,000 jobs because of statewide budget cuts.

Some probation managers could also lose their jobs after the Department of Correction merges 14 of its judicial districts, bringing the total number of districts from 45 down to 31.

http://www.shelbystar.com/news/shop-42058-closing-state.html

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#2) On October 01, 2009 at 8:47 PM, anticitrade (99.60) wrote:

Will you be providing these facts as comments to this post or as new blog posts?  I would prefer as comments that way your buddies can simply follow this blog.

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#3) On October 01, 2009 at 8:55 PM, awallejr (83.86) wrote:

So you are just going to play "infomercial spammer" now?

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#4) On October 01, 2009 at 9:21 PM, Starfirenv (< 20) wrote:

Good Lord-- Will someone come up with an Ignore feature here?
No More, "till Deej says" works for me. Dow at 4000 (your call) works for me. Until then-----keep your tail between your legs. Zero cred.

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#5) On October 01, 2009 at 10:36 PM, purposefullife50 (< 20) wrote:

There is an old saying "don't fighht the tape". The tape is negative this past week. We are headed for a correction of +10% which should create some level of panic giving the recent market lows in March and on-going decline in the job market. You should be shorting all major markets around the world. Why would you go silent now? You will be proven right.......

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#6) On October 01, 2009 at 11:07 PM, MikeBobulinski (< 20) wrote:

If he is right, then he won't be silent for long. But Alstry is proving or trying to prove true to his word.  He made a statement that he would stop blogging if certain things did not come true.  One of those was a major fall in 9.09.  That did not occur.

Whether or not his prediction comes to pass a little late or not will remain to be seen.  Either way, if the market corrects by 10 or more percent, then we may see him posting away again on this Board. 

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#7) On October 01, 2009 at 11:49 PM, oshiri (< 20) wrote:

Comrade Al . . .

     You're one of the few around here that has conviction and honor. I'll miss the pithy replies to those that'll be diminished once this all plays out. As was reported W_I_D_E_L_Y today, but 50% of the bad news and toxic assets have been accounted for. Anyway . . .

     To those that appreciate Sempai Alstry's musing, a hardy HUZZAH! To those who cling to outdated concepts, all the while slithering, and sniping . . . we'll be see you at your fire sales.

     Merry Christmas Al . . . bring on the Holidazzle, bourbon, and cigars my far-off friend. 

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#8) On October 02, 2009 at 8:05 AM, PdoBear (< 20) wrote:

The Nikkei ended up at a fifth of its value from the peak. You may be back before you know it Alstry.  Ben has been told in no uncertain terms from his creditors that ongoing monetization is unacceptable. Wait until people can get 6% on a bond in a zero growth economy.

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#9) On October 02, 2009 at 12:02 PM, jddubya (< 20) wrote:

Ummm... you claimed you would "dematerialize into the cyber ether" and you haven't.  Now you're clamoring for excuses to not "dematerialize".... HA!

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#10) On October 02, 2009 at 12:11 PM, mawnck (< 20) wrote:

--Now you're clamoring for excuses to not "dematerialize"--

Now now ... Your Pavlovian responses to his posts are excuse enough.

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#11) On October 02, 2009 at 12:22 PM, topsecret09 (37.14) wrote:

  See you In a few weeks............  TS

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#12) On October 02, 2009 at 12:26 PM, miteycasey (30.46) wrote:

bad news sells.

No one ever bought a newspaper that said "Sunny all week".

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#13) On October 02, 2009 at 12:35 PM, ChannelDunlap (< 20) wrote:

I will simply document the inevitable Zombulation of government and health care in America.

This doesn't not sound like you've stopped blogging at all.  I knew the MOAFP wouldn't slow you down.

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#14) On October 02, 2009 at 10:21 PM, Starfirenv (< 20) wrote:

 How bout you resume blogging when ANYTHING!!!! you have called happens?  It very well may be not far away. Till then...

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#15) On October 02, 2009 at 10:25 PM, Starfirenv (< 20) wrote:

AND Deej says.

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#16) On October 03, 2009 at 12:26 AM, MikeBobulinski (< 20) wrote:

Regardless of what Deej says, I have lost faith in Alstry a little in the past couple of days.  He has not held true to his word and has a couple of new blogs to prove it.

So much for the complete accuracy of Alstrynomics and the doom and gloom predictions of massive traumatic events to come.  Sure the market will correct.  With the run up that has occurred, a correction is as inevitable as a BLOG from Alstry indicating that the world is coming to an end last month.

And to think I came back for a visit to see if he'd keep his word...Fool On. 

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#17) On October 03, 2009 at 9:51 AM, cthomas1017 (94.52) wrote:

Well, count me in as being disappointed.  One would have thought that a person who claims truth and a higher calling in revelations to the rest of us commoners would honor his own word. 

alstry, you are truly a disappointment.  On the other hand, such a two bit lawyer.  I came to your defense a number of times and you've let those who supported you down.  You are not worth even an iota of what we offered you.  I'd go so far to say that you're mentally disturbed now. 

At the very best, you're word is worthless.  To paraphase your position now.  I will not blog but I will continue posting and add commentary.  What a fraud!  No admission that you were wrong, just a redefinition of what it means to be correct. 

As one who enjoyed your approach before and supported your position actively, now I'd just appreciate it if you'd just politely go away.  But that's not your style. 

You were wrong.  You can't admit it and that is sad.  Now, no matter what happens, nothing will change it.  You were wrong and you always will be.  Even if your predictions one day play out, even if it's this coming Monday, you will forever be wrong. 

If you had even displayed one iota of humility or contrition since October 1st, I would not be so harsh.  But pure and simple, your word is worthless and a man is only as good as his word.  Sorry, but THAT is the harsh, cold reality in 10.09.  Now leave.  CAPS deserves better.

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