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alstry (35.66)

Wall Street Doesn't Need You Fools

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July 10, 2010 – Comments (11)

All most of you are to Wall Steet is a bunch of parasitic indebted consumers or else overpaid workers simply serving the indebted consumers.....and you retired and entitlement sucking slugs....you don't produce anything for the Big Boys either... other than drive a collapsing indebted entitlement based consumption economy forcing government to print money it doesn't have nor exists in the world.

Wall Street has a billion and a half Chinese and Indians graduating more engineers each year than we are graduating total college graduates.... and willing to work twice as hard for less than half the wages.

Not only that, they don't have to pay them massive benefits and/or suffer under massive federal, state, and local taxes and regulations.....

To Wall Street.....you are mostly a bunch of fat, lazy, dumb overpaid sheep who were stupid enough to bail out Wall Street while it was and is cutting America off of credit and shipping most of the production overseas.....

Wow...how many headlines like the following will it take bofore you realize that you invested your entire life's savings in a system that overpaid its executives and shifted America's production overseas....and probably you left holding the bag as America shuts down because Wall Street doesn't need you anymore.....they got a billion and a half enterprising practically debt free people they can start lending to....

The Bronx District Attorney Office - 12 Assistant District Attorneys 

NY MTA - 120 More

Mount Vernon Public Library NY - 14

The Bon-Ton Store in Latham NY - 46 Jobs Lost / Affected

Salinas Valley Memorial Hospital - Beginning a Total of 138 Job Cuts

Memorial Health System of East Texas - 10

Montgomery Hospital PA - Confirms 26 Layoffs last month

Update: Selected Medical to Close Manchester Facility - 66 Jobs Lost

 

 

11 Comments – Post Your Own

#1) On July 10, 2010 at 3:13 AM, alstry (35.66) wrote:

And if Wall Street doesn't need you.....it doesn't need commerical real estate to shelter your either....

Commercial real estate transactions collapse 90 percent from 2007 to 2009. The next taxpayer bailout in the $3.5 trillion CRE market. From $522 billion in sales to $52 billion. CRE market over 4 times the size of the entire credit card market.

WOW....90% in just two years......that is more than the 80% decline in new home construction over a similar period....and way more than the 50% decline in new car sales.......

and we are told it is only a recession and things are getting better?  Isn't a depression just a 10% decline in production?

Silly sheep....you are being outsourced just like much of the Midwest already experienced.......and very few jobs are replacing the ones going going gone.....

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#2) On July 10, 2010 at 4:30 AM, HarryCarysGhost (99.78) wrote:

A women and her pet schnau-zer went to the vet.

The women complains that her schnau-zer can't hear.

The Vet cleans the excess hair out of the schnau-zers ears and says put a little nare in his ears that should clear it right up. 

Women goes to local pharmacy to purchase the nare.

Druggist advises- miss if your going to use that on your armpits I would advise not using deoderent fot two weeks.

Women says- I'm not using it for my armpits.

Druggist says- well if your use it for your legs than don't shave for two weeks.

Women says- If you must know I'm using it for my schnau-zer.

Druggist says- Oh! well don't ride a bicycle for two weeks.

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#3) On July 10, 2010 at 5:10 AM, 1315623493 wrote:

I hate to break it to you, but you're not going to change anything posting 10 blogs a day on CAPS. If you really do feel this strongly about this, get off the internet and DO something. Kind of like how you say no one is 'producing' anything. Well alstry, what are you doing about it? What are YOU producing? I'm really asking because I don't know. Maybe you are doing something?

 

Other than blogging, what are you doing to change it?

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#4) On July 10, 2010 at 9:04 AM, alstry (35.66) wrote:

Beta...think about the following.....you are only being told this is a recession  and we are in a recession yet....

Commericial Real Estate sales is DOWN 90%........

New Home Construction is DOWN over 80%......

Unemployment among Architects is ABOVE 60%....

Auto Sales in America is DOWN about 50%......

Now many of our cities are falling in disrepair as funds are cut yet the politicians are taking raises for themselves and staff...

These are the facts.......isn't simply restating the truth day after day in a world of lies enough.......?

How much is the trurth worth to you.......?

A famous American once said....."there can be no democracy without knowledge"

What I don't understand is why do so many Americans hate the truth these days.........?

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#5) On July 10, 2010 at 11:09 AM, TMFAleph1 (95.74) wrote:

Thankfully, the truth is a little nuanced than your presentation would suggest.

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#6) On July 10, 2010 at 11:28 AM, blesto (31.06) wrote:

Companies brace for end of cheap made-in-China era

"China is going to go through a very dramatic period. The big companies are starting to exit. We all see the writing on the wall," said Rick Goodwin, a China trade veteran of 22 years, whose company links foreign buyers with Chinese suppliers.

Hmmmm.

In an about-face mocked on "The Daily Show with Jon Stewart," Wham-O, the company that created the Hula-Hoop and Slip 'n Slide, decided to bring half of its Frisbee production and some production of its other products back to the U.S.

Heh, heh! Funny, but not so far fetched.

 Mexico, in particular, has gained an edge thanks to the North American Free Trade Agreement and fast, inexpensive trucking, says Mike Romeri, an executive with Emptoris, the consulting firm.

Makers of toys and trinkets, Christmas trees and cheap shoes already have folded by the thousands or moved away, some to Vietnam, Indonesia or Cambodia. But those countries lack the huge work force, infrastructure and markets China can offer, and most face the same labor issues as China.

Maybe I should apply for a government loan and open a cheap shoe factory.

Gambling that the unrest will not spill over from foreign-owned factories, China's leaders are using the chance to push investment in regions that have lagged the country's industrial boom.

They have little choice. Many of today's factory workers have higher ambitions than their parents, who generally saved their earnings from assembling toys and television sets for retirement in their rural hometowns. They are also choosier about wages and working conditions. "The conflicts are challenging the current set-up of low-wage, low-tech manufacturing, and may catalyze the transformation of China's industrial sector," said Yu Hai, a sociology professor at Shanghai's Fudan University.

There may still be investment opportunities in China even though they may slowly be going into their own "Digital Age"

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#7) On July 10, 2010 at 12:07 PM, MoneyWorksforMe (< 20) wrote:

 alstry, 

I'm surprised you missed this one:

Duncan: Congress needs to act now on school money 

 


 

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#8) On July 10, 2010 at 12:09 PM, MoneyWorksforMe (< 20) wrote:

Ugh, link doesn't work. Here:

http://finance.yahoo.com/news/Duncan-Congress-needs-to-act-apf-2237629725.html;_ylt=AgK.DvyYPLrEMOLUWsqxlDuxba9_;_ylu=X3oDMTFkcjFnYjM2BHBvcwM2BHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA2R1bmNhbmNvbmdyZQ--?x=0

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#9) On July 10, 2010 at 12:24 PM, blesto (31.06) wrote:

Duncan: Congress needs to act now on school money

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#10) On July 10, 2010 at 2:56 PM, 1315623493 wrote:

alstry, all I asked was, what are you doing about it? We all know this is the 'Great Recession', that's nothing new. But you attack the system itself, day after day, week after week. So, what are you doing besides blogging about it everyday?

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#11) On July 10, 2010 at 6:49 PM, HarryCarysGhost (99.78) wrote:

alstry,

I was not trying to make light of the severity of the problems america faces. Merely hoping to make people smile.

It just seems like you chose your audience poorly. Most Fools are quite aware of the economic paradigm we are facing. So it's kind of like preaching to the choir.

I was suprised that your website was not more geared towards spreading the word of the digital age. But I applaud your enterprises and wish you nothing but the best. Even though you mock me for watching the ticker.

msftgev.

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