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alstry (36.00)

The Depression Getting WORSE!!!!

Recs

14

October 22, 2009 – Comments (5)

Autos, Airlines, Advertising, Architecture, Building, Construction, Commercial Real Estate....and that is just the ABC's seeing all seeing HUGE double digit revenue and value declines and NOW seeing declines dropping MUCH FURTHER...even after massive cuts.

The New York Times Co. narrowed its net loss in the third quarter on aggressive cost cutting, however a near 30 percent freefall in advertising revenue and a $76.1 million charge linked to pension obligations at The Boston Globe continued to weigh on the media company.

But don't worry, it was better than expected even though Google's revenues were flat and Yahoo's were down.........................................we drop a few more times like this and we will hit bottom.

And with more and more staying unemployed for longer...we can definitively say this is the WORST and getting worser as we lost another half a million this week.

Average Unemployment Period Hits All Time Record High Of 6 Months

Hurry, run out and buy some real estate...before it crashes to zero and you will be out of time!!!!!

5 Comments – Post Your Own

#1) On October 22, 2009 at 3:04 PM, alstry (36.00) wrote:

Fraud found in home-buyer tax-credit claims

Expect to start seeing more and more headlines like the above.  Pretty soon you will realize that much of our entire economy is just one big Ponzi scheme of people/entities borrowing and spending to pay others or other debt.

Those will acess to credit live...those without die.

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#2) On October 22, 2009 at 4:17 PM, alstry (36.00) wrote:

Burlington Northern Q3 rev $3.6 bln vs $4.91 bln

This is a BIG slowdown in shipping.  If it ain't shipping, it ain't selling.

We are seeing this kind of slowdown WITH government running a MASSIVE deficit.....it seems most Fools think that they can remain on welfare forever.

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#3) On October 22, 2009 at 4:46 PM, alstry (36.00) wrote:

Union Pacific revenue fell 25% to $3.47 billion from $4.63 billion, bogged down by a 30% decline in its auto-freight business and a 39% drop in industrial-products freight.

Union Pacific, BN.......trucking, rail, transporation......ABCs....plus now Ts.

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#4) On October 22, 2009 at 4:48 PM, alasker (< 20) wrote:

I've actually been reading your posts for a while Alstry.  I recently joined Fool and am excited that I can actually reply to one of your posts.

I agree we have challenges coming. I work for my family business which has been around for 55 years and I work straight commission. I know that millions in the USA and millions across the world depend on a percentage of the labor taken as from people who work in the USA. I have a 401K because the bank only pays less than 1%. Unlike millions I do not have a pension and can't retire in 20 years or after 1 term if I was a congressman (although I will pay for their retirement). I read about how much public employees make and wonder how they can live off the percentage of my wages taken as tax. I wonder how many of our large industrials are really disguised healthcare organizations (to present and retirees). As a small family business we do take care of our employees but it gets harder as healthcare goes up 10-22% every year. 

But my father reminds me to have hope, turn off the tv, live in your bubble. Try to volunteer where you can (firefighter, tutoring, etc), help your elderly family members, and be honest in your dealing with people.

 

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#5) On October 29, 2009 at 5:09 AM, XtremeNeoCon (< 20) wrote:

Do you ever post anything that doesn't make people want to gut themselves?

I dont mean to be insulting. Just think you should have a good smoke, and a cool hooch once in a while,, relax a little and write something different for a change. You can always go back to stabbing yourself in the head later.

Trust me, I'm as radical as they come. But sometimes I just gotta grab a good cigar and a Cap Morgan W/ Vanilla diet coke on ice,,,  and let the world pass me by... Try it dude.

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