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alstry (35.39)

Zombulation Accellerating in 9.09

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September 21, 2009 – Comments (6)

WHEN  BANKS DON'T LEND AND CONSUMERS DON'T SPEND....PRACTICALLY ALL SHUTS DOWN

“While there have been occasional signs of optimism over the last few months, the overwhelming majority of architects are reporting that banks are extremely reluctant to provide financing for projects and that new equity requirements and conservative appraisals are making it even more difficult for developers to get loans,” said Kermit Baker, AIA chief economist. “Until the anxiety within the financial community eases, these conditions are likely to continue.”

AND CONTINUE AND CONTINUE AND CONTINUE AS THE PROCESS ACCELLERATES

Reuters reports that a record 7.58% of U.S. homeowners with mortgages were 30+ days delinquent in August, up from 7.32% in July ... and up from 4.89% in August 2008.

Reuters also notes that delinquencies are rising at "an accelerating pace".

http://www.calculatedriskblog.com/

AS ACCESS TO CREDIT, DECLINES IN INCOME AND SAVINGS DEPLETION SUCK FAMILIES DRY OF MONEY....FEW WILL HAVE MONEY TO SPEND AND MORE AND MORE BUSINESS WILL SHUT DOWN AND DECLARE BANKRUPTCY

The list of restaurant closings blamed on the sour economy grew over the weekend to include 10 T.G.I. Friday's in the Sacramento region and the Pacific Northwest.

In a related spate of closures, 70 Jack in the Box restaurants from Fresno to Redding shut their doors in midweek, only to open days later after four controlling entities sought bankruptcy protection from debtors.

Financially troubled Roseville real estate developer Abe Alizadeh is listed as president of each of those companies and has controlling interest in half of the newly closed T.G.I. Friday's restaurants, according to state records and a spokesman for Alizadeh.

The closures temporarily affected about 2,100 employees, not including people thrown out of work at the T.G.I. Friday's restaurants

http://www.sacbee.com/topstories/story/2196587.html

AS BUSINESS CLOSE AND WORKERS GET FIRED....TAX RECEIPTS WILL CONTINUE TO EVAPORATE FORCING MORE CLOSURES AND LAYOFFS

Update: Up to 125 Prince George's County s Job Cuts

Harley Davidson - 70 Additional Layoffs?

Washington State Prisons Systems - Further Cuts Coming

Montpelier VT - Tries Last Ditch Effort to avoid 300 layoffs

McCombs School of Business - 15

Vogster Entertainment - Layoffs Coming?

Nexans France - 400

City of Fort Worth Texas - 56

Hawaii Foundation on Cultures and Arts - 10

Idaho - Budget Problems could lead to Layoffs

ALSTRY ADMITS THAT THE MARKET DID NOT TRADE WHERE EXPECTED BASED ON THE CURRENT ECONOMIC CONDITIONS AT THE END OF SUMMER....BUT 9.09 STILL HAS SOME TIME AS AMERICA SHUTS DOWN AND MILLIONS LOSE JOBS AND SUFFER MASSIVE WAGE CUTS

AS ALSTRYDOMOUS FORECASTED MONTHS AGO...EXPECT THE MEDIA TO START REPORTING HOW ANGRY AMERICA IS GETTING...THIS WEEK CNN IS RUNNING A SPECIAL TITLED....."MAD AS HELL"

Stay cool fools, the heat is just beginning to rise.

6 Comments – Post Your Own

#1) On September 21, 2009 at 2:50 PM, catoismymotor (27.38) wrote:

With a release date just around the corner I should hope so!

http://www.zombieland.com/

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#2) On September 21, 2009 at 3:00 PM, Sozurmama (22.63) wrote:

That would be awesome if this were just one long advertisement....like the angel episode of the simpsons?

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#3) On September 21, 2009 at 3:38 PM, alstry (35.39) wrote:

THIS IS NOT A DEPRESSION....IT'S A COLLAPSE

Caterpillar Global Retail Sales Down 48% in 3 Months to August

The company expects potash volumes to fall 60% between 2008 and 2009 and profit margins in its phosphate and nitrogen business to decline by 85%. It also said that fertilizer makers around the world have cut back on potash production by nearly 20 million tons.

Potash volumes down 60% in one year, CAT sales down 48%, steel down 50%, autos down 50% but for cash for clunkers, new home sales down 80% in dollar terms from peak, airlines flying fewer planes than post 9-11, hotels revenues collapsing and commericial real estate crashing.

Now that government and health care are laying off....there is no area of the economy that is untouched by the Zombulator.

You can't cut off income, credit, and savings to the consumer in a credit based consumer economy and not expect the economy to crash.

 

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#4) On September 21, 2009 at 3:51 PM, jesusfreakinco (28.92) wrote:

And... Federal Reserve Accounts For 50% Of Q2 Treasury Purchases

Where would L/T rates be if it weren't for the Fed purchasing Treasuries en masse?  Sheeshhh...

JFC

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#5) On September 21, 2009 at 4:07 PM, catoismymotor (27.38) wrote:

Remember everyone, go for a head shot.

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#6) On September 21, 2009 at 4:18 PM, russiangambit (29.30) wrote:

> Remember everyone, go for a head shot.

Ha-ha. More like downsize from 5-bed to 3-bed house. Really, you don't need 5000 sq ft for 3 people.

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