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alstry (35.42)

The Rioting Begins

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February 24, 2010 – Comments (6)

Police fired tear gas and clashed with demonstrators in central Athens on Wednesday as violence broke out after a large protest march against government austerity measures intended to fix the country's debt crisis....

 Expect this behavior to spread around the world as the Zombulator drains the world of money.....the stress and tension will only rise.

You Knew.....You Felt.....Now it Happens............

Just wait until American doctors find out in March they are going to be forced to take MASSIVE paycuts as other health care workers lose jobs forever.

It is not the end of the world....simply the end of a world as you know it.

Update: State of Georgia - Up to 5,000 Job Cuts Possible

The numbers will get bigger and bigger.....ask yourself, how much house can an unemployed person afford????????????????????????????????????????????????????????????????

Right now Alstry is working on a business solution that can help alleviate the symptoms of the Zombulator.....if it gets off the ground, it might even go public.

 

 

6 Comments – Post Your Own

#1) On February 24, 2010 at 8:47 AM, alstry (35.42) wrote:

Home purchase loan demand at lowest since 1997

It will get lower as we move forward into the more efficient Digital Age and more and more Industrial Age jobs evaporate.

New technologies will develop driving future employment...the only question now is whether enough new jobs can be created to offset the millions losing jobs every month.

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#2) On February 24, 2010 at 9:01 AM, kjksm1 (< 20) wrote:

The revolution will not be televised!

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#3) On February 24, 2010 at 10:41 AM, chk999 (99.97) wrote:

It's Greece. They riot as an art form. Means nothing.

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#4) On February 24, 2010 at 11:04 AM, alstry (35.42) wrote:

Soon the world will be rioting when they realize this "recovery" is simply a Ponzi Scheme........just like Madoff.....and he lasted 30 years.

New Home Sales Unexpectedly Drop to Record Low

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#5) On February 24, 2010 at 12:22 PM, jason2713 (< 20) wrote:

I think the rioting here will begin when the state starts massive lay offs, wage cuts, and benefits cutting.  This will include the pensions of these state workers, which will have to be cut by an estimated 30-60%.

Reports of a 1trillion shortfall for pension funds are based on valuing these pension fund's assets with extend and pretend practices.  Just imagine the shock and awe when mark to market practices are enforced.  It may just bankrupt everything we have worked for and paid into for decades.

I'm lucky to be at an age where I just started contributing to a 401K fund last year and have been contributing to my roth IRA $5000 for the past 3 years, which I manage myself.  I have little to lose compared to many older citizens.

My investment advice from what I'm seeing:  Be in commodities, and be partially liquid for huge dips so you can jump on a low price (like ABX when it hit ~$34 share).  Keep an eye on what you're investing in, and make sure you don't get too greedy.  My rule of thumb, be liquid 15%-30% at all times, and when you can make a good chunk (20%) sell some to reup your liquidity portion if you're in too deep. You have to stay flexible.

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#6) On February 24, 2010 at 1:11 PM, davejh23 (< 20) wrote:

New Home Sales Unexpectedly Drop to Record Low

Seasonally adjusted sales pace is worse than last year (barely over 300K), and the NAR is anticipating 500K+ new home sales in 2010?  I think we could see a jump in new home sales in Feb. and maybe March, but after that, it's going to be too late to get a home built and close by the end of June for the tax credit.  New sales could tank after that.  I don't know how the NAR can justify a prediction for such a massive jump from our current sales pace...a pace that's supported by Federal stimulus and state stimulus programs in some areas...

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