The CRASHING sound of FU
Textron to cut manufacturing production rates
U.S. Jan. Case-Shiller home prices down 19% in past year
Chicago's Sun-Times Media files for Chapter 11
Department store chain Gottschalks to liquidate
Fortis slumps to $37 billion loss on sale of banking operations
As you can see, the FU virus continues to spread. The Doctor of Alstrynomics warned you. While the economists are still treating the symptom, Alstrynomics is dealing with the problem.....SUFFOCATING DEBT spreading the FU virus.
58 additional Department Store vacancies in CA and a few Western States....imagine how those landlords feel???? What about the smaller retailers that depended on the anchor traffic??? What about the employees and tax revenues?????
Now the virus is spreading at unprecedented rates around the world. Few are willing to even deal with the FU epidemic. Alstrynomics knows until we restructure.....further destruction is inevitable.
Under the current trend, what ever your house is worth today, cut it in half and that is what it will likely be worth in the next two years.
Debt is suffocating the economy. The Doctor of Alstrynomics has warned you about this while so called experts are trying to loan out more?????? Fewer and fewer able to spend, more and more businesses shutting down, more and more people unemployed. It is not too difficult to see.
Alstry is a simple guy....until we start dealing with the epidemic of suffocating debt, housing prices will fall at least another 50% and U6 unemployment will likely reach 50%. Hmmmmmmm.
Oh well.............it is not the end of the world.....PREPARE....don't Fear.