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alstry (36.32)

The World As You Know It.....Ending

Recs

9

December 01, 2009 – Comments (5)

Since Alstry started Blogging:

New Construction DOWN Over 80%

Auto Sales DOWN 50%

Tens of Millions Out of Work and/or suffered Massive Wage Cuts

Commercial Real Estate Values DOWN 50%

Government Deficit grew from a few hundred billion to $2 Trillion

FDIC, FHA, FNM, Pension Guaranty, 40/50 State Unemployment Funds.....All Broke

Cities, Counties, and States facing unprecedented financial crisis

Bankruptcies, Personal and Business, Skyrocketing

Dollar Crashed OVER 20%

Fools.....this is not a recession, it is a Massive Depression being masked by an UNSUSTAINABLE and growing deficit

When you give bankers unlimited money for free and bankers then raise interest rates and tighten credit, it becomes impossible to compete against such a low hurdle rate, and the private economy shuts down.....and when the private economy shuts down, tax receipts evaporate and we become a Zombulated Nation.

We are losing about half a million jobs per week and very few are hiring......at this pace we will have massive and unprecedented unemployment by mid summer......

The problem is, unlike The Great Depression, our nation is not structured for massive unemployment....our medicare system, our social security system, our tax system, our massive retail and office structure, our high property tax structure, our expensive health care system etc......

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

If we are not building, selling cars, and real estate is crashing.....the rest of America's economy as we know it will implode.

Welcome to Zombulation Nation....it has arrived 1.01.10....our economy as we know it is imploding.

When few have anything to do or much money......the only thing left is fight for what you need.....unless a new policy is initiated.

 

 

 

 

5 Comments – Post Your Own

#1) On December 01, 2009 at 8:44 AM, alstry (36.32) wrote:

More consumers late on auto loan payments in 3Q

What Recovery? U.S. Consumers Getting "Dramatically Worse,” Howard Davidowitz Says

Windstream Corp ( Birdsboro ) - 35

Blackrock Inc - 89

Kitsap County Jail - at least 6

City of Reading - 15 to 37 more

The New Hampshire Political Library - Lets Some Staff Go

Rite-Hite Products Corp - 36

LM Glasfiber ( International ) - 900

City of Decatur - Layoffs Coming ?

Update: Fresno Ca - 125 City Workers

Cumberland County - Pay Freeze / Layoffs Possible

Semperian LLC - 45

GTECH Corporation - 31

San Joaquin County's District Attorney - 7

University of Arkansas for Medical Sciences - Considering Layoffs

AAA - 150

Lancaster County Health Department - 14 ?

Imperial Irrigation District Energy Department - 39 Positions and 16 Vacant Positions 

Keata Pharma ( International ) - Job Cuts Expected

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#2) On December 01, 2009 at 9:59 AM, alasker (< 20) wrote:

My father tells me you cant get caught up in the macro stuff, because there is not much you can do about it. I need to stay focused on my own small circle/ bubble.

We have a 6 person family firm & our healthcare rep was in today. 20 years ago our firm had high deductable plans with co-insurance and then we slowly switched to more HMO like plans. The high deductables are back- but through the interum  healthcare costs have gone up. I can imagine more than a few small firms are reviewing their healthcare this holiday season with the same quiziness- just another brick in the wall.

As a side note I actually remember the General Electric union going on strike in my town when GE tried to add a $15.00 co-pay a couple years ago.

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#3) On December 01, 2009 at 10:31 AM, alstry (36.32) wrote:

alas,

In a cyclical environment, your father is right.....but this is an engineered revolutionary environment....where the macro will dictate who lives and dies.

The key is to position yourself where this is going.......and right now down is the direction from an economic perspective.

Today, the treasury is giving incentives for servicing firms to complete shorts sales.....what do you think that is going to do to home prices???

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#4) On December 01, 2009 at 10:41 AM, chk999 (99.97) wrote:

Does this mean they won't manufacture Cheetos any more?

If that happens, Game Over Man.

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#5) On December 01, 2009 at 10:48 AM, alstry (36.32) wrote:

I am not sure......that is a good question.

What I am quite certain is that confiscation of assets is getting more and more likely....whether through taxation or eminant domain.  Whether that applies to Cheetos is uncertain.

Further, it has become clear that the liklihood of a major military confrontation is within the foreseeable future.  A confrontation of a nature that few Americans are prepared.......

Again, not  the end of the world.....simply the end of a world as you know it as money runs out.

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