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alstry (36.04)

Will Most Fools Contract the FU virus?????

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March 28, 2009 – Comments (5)

From Mish's Blog...

The official unemployment rate is 8.1%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.

The government is reporting 8.1% but a far better approximation is 14.8%. 

http://globaleconomicanalysis.blogspot.com/2009/03/double-digit-unemployment-rates-are-un.html

Do you think somebody who dropped off the employment rolls or working a part time job can meet his monthly expenses...especially if a mortgage is outstanding????  If somebody can't pay his or her bills, even if they are working part time, they have been contaminated with the FU virus.

Welcome to the rapidly rising awareness of the FU virus......

Here is a little known fact....U6 rates are rising at a much faster rate than U3 rates.  Based on my calculation, U6 unemployment should hit about 20% when U3 hits 10%.

Taking it out a bit further....U6 should reach 30% if U3 reaches 13.5-14%.

Last year, I was blogging that unemployment would hit 30%....FOOLS were making fun of the projection..............however, with the current rate of layoffs and wage reductions, we may not be too far off from a 30% U6 unemployment rate.....

What impact do you think 30% practical unemployment will have on the FU virus and foreclosures????

I konw....if we borrow more money everything will be fine.....you know what Alstry says????.....prepare for FU.....you know its coming.

Right now there are millions and millions of Real Estate Agents, Mortgage Brokers, Waiters/Waitresses, and other independent contractor service workers that are earning a fraction of what they used to and NOT counted as unemployed.......

Yes.....millions of independent contractors are effectively un/underemployed and have contracted the FU virus and are NOT making the statistics.......in additition to the millions each month losing their jobs.

You can either believe the crap that you are being spoon fed....or wake up and prepare for the inevitable FU epidemic coming your way...........Alstry has been warning you for over a year......

It does matter what business you are in...if you don't have enough customers.....you are out of business too!!!!!!!!!!!!!!

Many of my friends own their own businesses.....they have millions and millions of dollars of accounts receivables that are now not paying or slow paying.....it apprears that the FU virus is spreading beyond the individual to businesses....my friends are being forced to make decisions they have never had to make before......such as  layoff wokers or shut down.........

each decision they make can affect hundreds of people......those hundreds can affect thousands.....the thousands can affect tens of thousands......the tens of thousands can affect hundreds of thousands......

Now, with new unemployment claims above 600K per week, millions are losing their jobs each month........................it will not be too long before most of us have been affected by the FU virus.

Until we start treating those who are infected.....the virus will only spread.

5 Comments – Post Your Own

#1) On March 28, 2009 at 11:18 AM, kaskoosek (83.61) wrote:

Good info

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#2) On March 28, 2009 at 12:30 PM, gne1963 (72.07) wrote:

Thanks for the comment over on my blog alstry.

I love koolaid. But I never drink it.

Why? Because it has no substance.

All I post is facts and data... not inflated or inflamed... like Mish the doomster.

What do you use to chase down breakfast every morning? Cyanide?

gne1963

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#3) On March 28, 2009 at 12:34 PM, alstry (36.04) wrote:

gne 1963 you are welcome and you are welcome over here anytime....your comments are appreciated and I just added another one.

As far as chasing down every morning.....it seems like you have a lot of chasing to do............almost 6500 points of chasing......

It appears that my FACTS seem to be a lot powerful than your facts as it applies to CAPs and reality.

Alstrynomics is all about FACTS....welcome to Alstry's world.

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#4) On March 28, 2009 at 1:05 PM, alstry (36.04) wrote:

 

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#5) On March 28, 2009 at 1:27 PM, motleyanimal (80.75) wrote:

Wake up America!

http://www.youtube.com/watch?v=SboRijhWFDU

LOL

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