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alstry (35.42)

What Happens To The Turkey?????

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September 08, 2009 – Comments (15)

Right now we are being told things are looking up......

Let's look at things the way the actually are......

Banks are tightening credit and raising interest rates on tens of millions of American families and business

Revenues to American families and businesses are contracting

Cities, Counties, and States are slashing workers and cutting wages

Same with Schools, Colleges, and Hospitals

Business Bankruptciies are skyrocketing

Personal Bankruptcies skyrocketing

Tax receipts are imploding

Commericial Real Estate is crashing

Residential foreclosures STILL rising

Unemployment incrasing

More and more debt defaulting

Yet we are being told things are getting better???????

What do you think is about to happen to bring perception and reality closer together??????????

For the turkey, the farmer is the nicest just before his head gets cut off and the farmer is the happiest as he eats him.

15 Comments – Post Your Own

#1) On September 08, 2009 at 9:37 AM, alstry (35.42) wrote:

AS FAR AS JOBS OUTLOOK......

SAN FRANCISCO (MarketWatch) -- Employers' hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower's Employment Outlook Survey, which started in 1962.

A net -3% of employers said they'll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis, according to the Milwaukee-based firm's survey of more than 28,000 employers.

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#2) On September 08, 2009 at 9:38 AM, JerseyShoreGirl (< 20) wrote:

BANGKOK – World markets rose Tuesday as investors fed on a pledge by the world's 20 biggest economies to underwrite the global recovery with stimulus efforts.

Europe followed Asia higher after stocks in Australia jumped nearly 2 percent amid news business confidence had reached a near six-year high and Japanese shares shrugged off weak economic data. Oil prices rose above $69 ahead of Wednesday's OPEC meeting.

With Wall Street closed for a holiday Monday, markets continued to lap up the weekend announcements from finance officials at the Group of 20 summit in London that boosted European and Asian shares on Monday.

The officials welcomed improvements in economic growth but warned recovery was not sustainable without continued government help in the form of deficit spending, low interest rates and efforts to expand the money supply.

"I don't know if the optimism is justified but people are buying into it," said Francis Lun, general manager at Fulbright Securities Ltd in Hong Kong.

"The G-20 countries said they would continue to flood the system with liquidity so the economy doesn't tank. That's what investors wanted to hear. Investors always want to believe the good news and disregard the bad news," he said.

http://news.yahoo.com/s/ap/20090908/ap_on_bi_ge/world_markets

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#3) On September 08, 2009 at 9:42 AM, alstry (35.42) wrote:

jersey,

The world may be flooded....but Americans are being starved as credit is tightened and interest increased.

Maybe if you keep telling people things are getting better, like frogs in boiling water, they will simply think it is a hot tub.

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#4) On September 08, 2009 at 9:47 AM, JerseyShoreGirl (< 20) wrote:

Swiss topple U.S. as most competitive economy: WEF

GENEVA (Reuters) – Switzerland knocked the United States off the position as the world's most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday.

The World Economic Forum's global competitiveness report 2009/2010 showed economies with a large focus on financial services such as the U.S., Britain or Iceland were the losers of the crisis.

The U.S. as the world's largest economy lost last year's strong lead, slipping to number two for the first time since the introduction of the index in its current form in 2004.

 http://news.yahoo.com/s/nm/20090908/bs_nm/us_competitiveness_report_1

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#5) On September 08, 2009 at 9:52 AM, JerseyShoreGirl (< 20) wrote:

Alstry ..

What really caught my eye was this statement:

"... Investors always want to believe the good news and disregard the bad news ..."

Since when? and to this degree?

IMO, things are heating up for sure. 

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#6) On September 08, 2009 at 9:57 AM, alstry (35.42) wrote:

At this point, our government is putting itself into a very difficult position....

Based on some channel checks over the weekend, it appears that revenues to hospital and medical devices has been slow for July and  August.  From what I have been told, patients are putting off visiting the doctor.

You know when treatment is being impacted, things are getting very difficult...yet we are told things are better???

The question now is what event will transpire that will bring perception to reality....for the Turkey it is Thanksgiving and the knife.

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#7) On September 08, 2009 at 10:12 AM, ChannelDunlap (< 20) wrote:

Shouldn't that read, 'when treatment is being impacted, you know the system is working properly'?

Oh wait, this is a doom & gloom thread, not a healthcare debate thread, I'm sorry.

Alsty can you please bring to my attention just how mortally wounded the economy is here in my homestate of Texas?  I keep hearing California, Arizona, Michigan, Florida, etc. But I oh so rarely hear anything about Texas.  Please, educate me.

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#8) On September 08, 2009 at 10:17 AM, biotechmgr (35.15) wrote:

Liquidity pumping and optimism and asset prices all moving together are the final signs of another blowoff top before the Fall coming soon. 

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#9) On September 08, 2009 at 10:20 AM, alstry (35.42) wrote:

This is not a doom and gloom blog....simply a reality blog.

It is a reality that hiring is now at the worst levels since Manpower started taking readings over 40 years ago.  Who said that is doom and gloom?

It is a reality that government is running a deficit approaching $2 Trillion dollars....who said that is doom and gloom?  Just an annual tax bill of approximately $80,000 for every man woman and child in the top 10% of taxpayers.

Just because we have a U6 unemployment rate of approximately 17% really is not doom and gloom....but now that government revenues have evaporated...they will need to tax you 100% of your income so things don't become doom and gloom as you live in your current deficit fantasy world.

When China or the Arabs ask you to pay for goods or oil in some currency other than dollars.....with very little production of our own.....that will be doom and gloom.

It is just a matter of when if we continue to run these deficits.

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#10) On September 08, 2009 at 10:53 AM, ChannelDunlap (< 20) wrote:

IF We continue to run these defectis?  I've never heard you use such an uncertain phrase in your predictions before.  9.09 has always been an inevitable conclusion in Alstry's world, as far as I could tell.

 

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#11) On September 08, 2009 at 11:05 AM, alstry (35.42) wrote:

9.09 is simply the point you will or should know that your current perception of your financial future is over...it is not the end of the world....simply that you should know that you will be broke or near broke.

This can happen a number of ways, such as our government need to tax you 100% of your income to maintain our current state.

Again, it is not the end of the world but it will be interesting when Americans realize that our country is shutting down.

It wasn't the end of the world for Madoff's clients when they found out they were invested in Ponzi Scheme....but if you are an investor or playing an investing game...it sorta sucks don't you think?

And for so few to know and warn and so many to be mislead....it is pretty amazing.

California has now lost 580,000 manufacturing jobs -- a quarter of its total -- since 2001. NUMMI's closure next March could erase about 40,000 more.

"People are starting to pay attention," said Gino DiCaro, spokesman for the California Manufacturers and Technology Association.

http://www.freep.com/article/20090908/BUSINESS01/909080354/1318/Calif.-to-get-dose-of-auto-anguish

STARTING TO PAY ATTENTION???  DON'T YOU THINK IT'S ABOUT TIME????

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#12) On September 08, 2009 at 11:08 AM, ChannelDunlap (< 20) wrote:

Still waiting on some Texas numbers. 

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#13) On September 08, 2009 at 11:19 AM, alstry (35.42) wrote:

TEXAS SIZED SLASHING COMING.....BIG HAT LITTLE CUT

 

After considerable disagreement among its members, the Dallas City Council has decided to cut more than $426,000 in city funds used to support its offices.

The plan, submitted in a memo drafted by council member Angela Hunt, includes cuts to secretarial staffing, printing costs and travel budgets, among other things.

"I think what this does do is it provides nearly half a million dollars in cutbacks for the council office," Hunt said. "That's very significant because I think it's critical for all of us to take cuts."

Although the agreement represents savings to the city, it did not settle all of the tumult over the council's spending.

Some members continued to voice concern about how much each individual council member offered to cut at a time when City Hall is shrinking services to address a $190 million deficit.

http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/DN-dalbudget_07met.ART0.State.Edition1.4bb299c.html

Just $189.5 million to go....for just one city in Texas....reality will hurt a lot more than many think....that much is clear.

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#14) On September 08, 2009 at 1:14 PM, mawnck (< 20) wrote:

Hey alstry - are you ready for tomorrow's reading comprehension test? Where all the knuckleheads flock to your comments sections to remind you that your 09/09/09 deadline has arrived, having never figured out that you haven't been predicting a specific day?

I'll be laughing my butt off (in between the sobs and panic attacks) if it realy does all go nuclear kablooey tomorrow, thus depriving them of their only remaining joy in life.

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#15) On September 08, 2009 at 1:28 PM, GNUBEE (28.81) wrote:

"The world may be flooded....but Americans are being starved as credit is tightened and interest increased."

My household has actually seen an increase in credit card apps in the mail. From four to five a week, to none, now back to 1-2 a week.

Got a car note on a 5 yr old car w/ 82K too a couple months back for 3.99%.

From my vantage point credit is not being turned off.

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