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alstry (35.13)

Unemployment 50%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Recs

6

March 23, 2009 – Comments (7)

You think I am kidding????  Sober serious.....based on reliance on today's Treasury plan, you should not be surprised if U6 unemployment hits 50% in the next couple years.

Debt is suffocating America and soon few will have any oxygen.

Jobs are evarorating at an ever accellerating rate in America.  On Friday, the Post Office announced a plan to reduce the workforce by upto 150K workers... the auto industry lost hundreds of thousands of workers last year and likely to lose much more this years.  Same with many many other industries.

The job losses would be fine if there was replacement jobs available, but there are very few replacement positions out there....that is why U6 numbers are so much higher than U3 reported numbers because so many are still unemployed after 6 months and become frustrated.

CEO's are being forced to become pizza delivery drivers for less than $8 per hour.  Those women attractive enough are flocking to the adult industry to make quick cash.....

Tough economy drives women to seek jobs in adult entertainment

As more and more lose their jobs, fewer and fewer will be able to spend....as fewer and fewer spend, more and more will lose their jobs.

The cycle does not end until we restructure debt....based on the policies being articulated in Washington......my estimation is when U6 unemployment reaches 50%.

7 Comments – Post Your Own

#1) On March 23, 2009 at 9:20 AM, SkinneeJ (28.25) wrote:

Hmmm... Less postal workers and more strippers?  Why on Earth would that be called "depression".  Sounds like happy times to me...  Since there is obviously going to be a new supply of exotic dancers on the market, is there any way that I can buy into an exotic dancing double short ETF or something?  If lap dance prices come down become of this, there won't be anything depressing about this economy.  Talk about a "stimulus package".  Okay, I am done here folks....

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#2) On March 23, 2009 at 9:26 AM, dudemonkey (38.41) wrote:

Happy Monday, alstry!

In all seriousness, your warnings are being heeded.  People are hunkering down.  Some do it by moving to defensive investments and cash.  Others do it by stockpiling firearms.  I'm buying assets valued in other currencies and starting to look into foreign real estate.  If there's going to be a global depression, I'm not waiting it out in the NYC weather!

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#3) On March 23, 2009 at 9:35 AM, Andyman (94.56) wrote:

On the other hand, alstry is single-handedly keeping the exclamation point manufacturers at full capacity.

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#4) On March 23, 2009 at 9:44 AM, Varchild2008 (85.29) wrote:

So, this is probably not a good time to inform Alstry of the 400 new jobs that opened up in Louisiana as per the Schlumberger Press Release....me thinks.

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#5) On March 23, 2009 at 9:55 AM, alstry (35.13) wrote:

Remember...it is only a recession until you lose your  job....then it is a depression.....

Actually, my biggest concern right now is that revenues to my favorite businesses...including Motley Fool, are evaporating.... and soon they will have to shut down.....

You can just see families, businesses and municipalities scrambing to adjust to a slowing stream of revenue like tadpoles in a drying creek all hudling around the last drops of water....

let's just hope it rains...

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#6) On March 23, 2009 at 10:14 AM, TMFTomGardner (89.28) wrote:

We, unfortunately, live in interesting times. However, as challenging as the environment is, I can speak for one company that is doing fine. Thanks for expressing your concern. And I hope you are a member of a service like TMF Pro -- going long and short, using options, beating the market, and it's a way to support The Fool, Alstry et al! That said, we are not in danger of evaporation. No doubt in my mind, though, that unemployment is headed higher. But, 50%? Well, if you say that quickly and mumblingly, it sounds like 15%...and I do think that's possible. Very difficult times. I enjoy reading the CAPS blogs as much as anything. Fool on.

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#7) On March 23, 2009 at 10:25 AM, alstry (35.13) wrote:

TomG,

It is great to hear TMF is doing great.  You guys are doing a great job and its wonderful to see a company differentiating itself from the rest of the peers in its industry.

With ad revenues evaporating....and I have a lot of friends in the ad business......revenues are evaporating......its great to see you guys holding your own.

We already have reported U3 unemployment rates approaching 20% in counties like Merced CA and others around the country....it would be very interesting to see what more traditional U6 readings are in those places and the rest of America.

Now that the aggregate wealth of America is leaving the people and concentrating in the hands of a few financial institutions...where do you think unemployment will be at the end of the summer????

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