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alstry (35.21)

We keep getting POORER!!!!!

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June 11, 2009 – Comments (16)

Americans' net worth shrinks $1.33 trillion in 1Q- AP

And there are some Fools calling for a V shaped recovery....truly I would be ashamed to even be associated with such a person to make such a logically embarrasing call........

Right now Government spending constitutes approximately 50% of our GDP........

Revenues to Government are down 30-50%......

A government spending cutback of 25% Guarantees as second half DEPRESSION!!!!!!!!!!!

See how easy Alstrynomics explains things to you guys......

Just wait for all the teachers, police officers, firefighters, state park workers......and everyone else to get fired.........if you think things are bad now.....just wait a few more months....you will start to see head roll in a few weeks......please help them out.

You won't believe how tight some people's underwear are going to get!!!!!!!!!!!!

16 Comments – Post Your Own

#1) On June 11, 2009 at 3:12 PM, abitare (49.90) wrote:

And there are some Fools calling for a V shaped recovery....truly I would be ashamed to even be associated with such a person to make such a logically embarrasing call........

Classic quote. Easy Rec here

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#2) On June 11, 2009 at 3:23 PM, EV38 (99.79) wrote:

Well, we know YOU are getting poorer with all your shorts. Potential profits on FAZ won't do much for you when its priced in American Pesos. 

Solution to alstrynomics: reside in Canada, buy as much mining/oil/precious metal stocks as well as physical gold and silver as you can.

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#3) On June 11, 2009 at 3:35 PM, alstry (35.21) wrote:

American Airlines to cut capacity further- AP

EV....can't you feel it...everyone is cutting.......

Sorta seems like a patient presenting with a rapidly metacticizing cancer or a sepsis......as the disease spreads, the surgeon is forced to cut out parts of the body....as it continues to spread......you keep cutting.....until their is such a small stump left their ain't much to cut.

Don't you feel it......or is the anesthesia still working????

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#4) On June 11, 2009 at 3:51 PM, EV38 (99.79) wrote:

I don't know why you bother posting that link as part of your response. I don't know anyone who works at American Airlines, never flown with them nor have I owned their stock. If they cease to exist tomorrow I could not care less.

Now as far as this anesthesia...I suppose it is. Out of the maybe couple hundred people I know (friends, family, casual acquaintances, e-buddies etc), excluding current co-workers, I know of 2 people who lost their job in the past year. One has since found a new job and was out of work barely a month.

As far as co-workers, 4 of them got canned that was disguised as a downsizing. In fact replacements have already been hired for 2 of them. I can tell you that those 4 people were deadweight bringing my company down. If that's what a recession does, then too bad we don't have more recessions.

So what is that? Maybe a 1-2% unemployment rate from people I know? Just because an elephant took a big dump in your own backyard doesn't mean it took one everywhere.

In fact your constant yammering about the US and its troubles and how that will affect the world's future is just overestimating the US' relevence to the world. India and China will keep growing, their people will continue to break free from poverty, and Canada, Australia, Brasil, Russia, Norway and South Africa will keep on digging up the stuff that both countries need.

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#5) On June 11, 2009 at 4:00 PM, carcassgrinder (35.78) wrote:

Alstry,

     With so many families barely able to make ends meet, what on earth is going to happen to the foreclosure rate this holiday season as energy costs will nearly double monthly expenses for most households?  Will there be a Christmas this year?  Will the Thanksgiving turkey be fat enough to eat? 

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#6) On June 11, 2009 at 4:02 PM, alstry (35.21) wrote:

EV...you are one person and not very statisically significant from a mathematical perspective..

.the other 25,000,000 unemployed and underemployed probably think you are cracked.  The 35,000,000 on food stamps have little hope....and the 21,000,000 on government payrolls....how do you think they are feeling with potentially trillions being cut from budgets and the other 30,000,000 who have jobs simply because the government is spending!!!!!

 

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#7) On June 11, 2009 at 4:14 PM, alstry (35.21) wrote:

cass,

Excellent Question....

Right now 1 in 8 mortgages are delinquent or in foreclosure....with MASSIVE layoffs coming from government in upcoming months plus more layoffs coming from the private secctor.......we will likely see distress in the housing market go to levels we have never seen in history!!!!!!!!!

Costs to government will skyrocket as fewer will be paying income or property taxes and sales taxes will erode further.....

The quicker we restructure, the better off we will be.....

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#8) On June 11, 2009 at 4:14 PM, EV38 (99.79) wrote:

Are those 25M, 35M, 21M and 30M you refer to all Americans? Because if they are all that means to me is the US debt will continue to grow, lowering the demand of the $US thus increasing the price of commodities.

Us Canadians get an added economic benefit of the "reverse brain drain". Right now you guys steal all of our best doctors, professors and other highly talented and educated individuals and we in turn do the same to the third world.

Now we'll get all of our people back, and all of your best and brightest will come to us, helping our economy and we won't need the foreigners so they'll stay home or move to another country to help those respective countries....its the trickle down effect on the global economy except THIS time it actually can work unlike Reaganomics :)

You guys can keep all your rednecks, fatarses and otherwise unemployable people to try to pay off that mounting debt with the US Peso. You can also have Michael Ignatieff back.

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#9) On June 11, 2009 at 4:16 PM, alstry (35.21) wrote:

National Semi Q4 revenue $280.8 mln vs $462 mln

We are seeing stuff like this everywhere as revenues are simply evaporating like never before!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

IF THIS KEEPS UP.....SOON SALES WILL BE SO LOW WE MIGHT AS WELL JUST SHUT DOWN!!!!!!!!!!!!!!!!!!!!!!!!!!

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#10) On June 11, 2009 at 4:19 PM, alstry (35.21) wrote:

ev,

Us Americans buy much of your Canadian crap.........and vice versa.......if we ain't buying, you ain't selling......just like MAD....Mutually Assured Destruction.

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#11) On June 11, 2009 at 4:36 PM, EV38 (99.79) wrote:

It is true. I can't deny that. But the importance of the relationship is far overestimated. Think how much money DRYS, NAT, DSX and other shippers could make if all the oil and metals we pump over to the States is instead sent to China!

Also if you guys fall, people will take their businesses elsewhere, most likely to us. For instance Vancouver and Toronto battle for the title of "Hollywood North". If California is really in such a bad shape that its about to be wiped off the map, guess which two cities will be getting a highly improved film industry!

People's ideas and entrepreneurial spirit aren't just crushed because of what's going on in the local economy. They just move somewhere else! That's what your country once provided as an escape from England and look how great the US built itself up from that. Now that its caved in on itself, its time for people to build up the rest of the world.

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#12) On June 11, 2009 at 4:42 PM, kfisherprotege (30.32) wrote:

This article underscores one government's crisis.  It happens to be managing the world's 8th largest economy and one with which we're all very familiar.

You won't believe how tight some people's underwear are going to get!!!!!!!!!!!!

ROTFLOL - good one!

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#13) On June 11, 2009 at 5:01 PM, alstry (35.21) wrote:

It gets worse!!!!

Delta, American to Cut Back

MOST airlines cutting back.....Moody's downgrading Hotels because of delining occupancy....restuarants will be affected......Travel is a Trillion Dollar industry....A BIGGIE.....and it is getting gutted.

Strike One Real Estate......Strike Two Autos......Strike Three Travel

On Deck....The Really Big BIGGIES........Govt and Health Care!!

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#14) On June 12, 2009 at 9:16 AM, OldEnglish (28.20) wrote:

"Just wait for all the teachers, police officers, firefighters, state park workers......and everyone else to get fired........"

"... with MASSIVE layoffs coming from government in upcoming months..."

Wrong. Absolutely false. Government employment is growing. Not stagnant. Growing. The last people to get fired in any kleptocracy are the teachers, police, and military. We'll just have Stimulus II if need be. These are Keynesians. They'll do whatever it takes to ensure that government employees are the last to suffer.

The federal government will just keep borrowing money, even if Ben Bernanke is the only purchaser of T-Bills, to pay the patronage class. Alstry you can't possibly believe that state, with the help of the federal, government is going to cut back their own. The whole point of Keynesian indoctrination is to ensure that government employment remains high even if the rest of the country is in agony.

California? Scare tactics. A few forest rangers and bus drivers will get canned with police and teachers facing a hiring freeze. They'll end medicaid and the entire infrastructure of the state will collapse before they begin firing police and teachers.

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#15) On June 12, 2009 at 1:17 PM, bostoncelitcs (60.50) wrote:

Define "WE"......is it those making over $250,000/year.......or those making "less than" $250,000/year??

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#16) On June 12, 2009 at 2:03 PM, Billullo (< 20) wrote:

Hey OldEnglish where do you get your data? as far as i know there is a hiring freeze for state jobs here in Cali and also teachers and public service workers going on strikes regarding massive layoffs.

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