The Unemployment Chronicles – #3 – When It Officially Starts To Sink In…

http://money.cnn.com/2009/02/05/news/economy/jobs_outlook/index.htm?postversion=2009020607

Well guys, I’m still unemployed…

In fact a lot of us are…

And the above statistics about things getting worse, certainly do not give any of us out here on the unemployment line a warm fuzzy feeling inside.

But let’s not dwell on the obvious for too long.

What I realized recently is I can now point out the phases of unemployment.

First it’s like shock/madness/happiness…

Depending on how you felt about the job, everyone feels one of the 3 when it becomes official.

Then for many, its sheer panic.

You start to see all the things you planned on doing in 2009 flash before your eyes.

Because what do all of them have in common?

They cost a shitload of money that all of a sudden you don’t have coming your way…

And then you let out one big giant “FUCK!

Then its pure pandemonium for the next 18-24 hrs.

During those hours you research your unemployment benefits, where you stand with all your bills, and come to the conclusion of what you can expect as far as cash flow for the foreseeable future…

See whats interesting about being unemployed is, it can pretty much only be a feasible situation if you were a young, near responsible free, disgruntled, paper pusher like I was when it occurred.

Which is why for the most part, I feel like I cant complain…

While I don’t have a ton of spending money, my rent and bills are covered for the time being with unemployment.

So it could be worse…a LOT worse…

The scary thing is, I wathed Suze Orman on Larry King Live last night, and neither one of them had any positve spin for all of this.

In fact, when Larry asked Suze whether we are in a depression yet or not, she said she wasn’t sure but that we, “sure are depressed…”

To be quite frank, they sounded scared.

And its probably because they are just as unsure as the rest of us.

I mean it doesn’t take a rocket scientist to realize that shit is getting worse, not better.

So, I’m not quite sure when that light at the end of the tunnel will finally peek its head through, but one thing is for sure, for me and many of my fellow brothers and sisters that are also unemployed, it has definitely sunken in…

Logical

D.Smith

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Published in: on February 6, 2009 at 12:48 pm  Comments (1)  
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“See I Told You We Were In A Recession” – The One ‘I Told You So’ No One Wanted To Be Right About…

 

 

http://www.breitbart.com/article.php?id=081201213246.v50zx9ik&show_article=1&catnum=0

 “During that time, the unemployment rate went to 25 percent, at least, based on the data that we have. The real GDP (gross domestic product) fell by one-third. About a third of all of the banks failed. The stock market fell 90 percent.”

Bernanke said the situation at that time represented “very difficult circumstances,” because “we didn’t have the social safety net that we have today. So let’s put that out of our minds; there’s no — there’s comparison in terms of severity.”  – Fed Chairman Ben Bernanke On How This ISN’T like the Great Depression

What a bunch of bullshit.

I’m sick of rich guys in suits trying to explain to me how good or bad our current economic situation is.

How would you know? Because your fucking pie graph tells you so? Or cause Suze Orman told you so?

Let me tell you something, they dont know shit!!!!

No one does.

Frankly, I was one of the few people out there who called this recession months ago.

So how credible is Devonte Smith on economic affairs?

Well, despite me being 1 for 1…I’d be willing to guess the vast majority of any of you reading this wouldnt trust me with balancing your checkbook, let alone with all of your economic knowledge…

So why trust them? All they are doing is reading a bunch of books on how the economy used to work and coming up with a hypothesis on how that would relate to Wall St. in 2008.

And we are supposed to treat that shit as the gospel???

Oh well, if its printed in the Wall Street Journal or New York Times it must be true…

Lets be real – one thing everyone overlooks when turning to the Journal or the Times is that while they are great resources for reporting the news AFTER it happens, they are horrible at predicting what is going to happen next.

I never heard anyone say “Oh I just read this article in the Times that said there is going to be a terrorist attack in September” or “Hey, did you read that article in th WSJ that says Louisiana is definetly going to get a Hurricane that wipes out all of their wealth and resources”

So why would a newspaper be that insightful now?

Like I said, what a bunch of bullshit.

Thats exactly why these so called economists dont know shit

They are analyzing precedent to give them the answer to the future…

You cant fight a modern day war with the strategy of a caveman

If these guys were so smart, wouldnt they have been able to predict that THIS recession was coming?

Wouldnt they have been able to see this coming and know what measures to take to prevent shit from getting worse?

– Silence –

To me, I see this as totally up in the air.

I just heard today that my current employer could possibly be filing for Chapter 11 as early as Christmas…

That right there is by far the most accurate economic indicator in my opinion

So quite frankly, yes, we very well could be heading for another depression…why?

Because we are still witnessing the free fall of the economy – until there is some sort of stabilization for more than a day or so no one can prove that we aren’t heading for a depression…

See…I told you so…

  

Logical

D.Smith

At This Point, Consider Our Economy Fucked…

http://www.nytimes.com/2008/11/20/business/economy/20econ.html?_r=1&hp

It’s always funny until someone gets hurt.

And right now, we are all hurting.

There are some that will play it off like shit isn’t that bad.

But at this point we can no longer pretend.

I can read.

And according to the article above it is clear that we are not only right smack in the middle of a recession, but this shit aint changing anytime soon.

At this point, ALL of us know someone who has been directly affected by our current economic situation…

I happen to know many people who have had their life altered by this…

While it may seem hard for you to grasp, the only real complaint I have is the focus of the relief.

Rewind back a few months to how happy we were spending that measly $600 bucks Dubya gave us…

I now consider that hush money.

A small little crumb to keep a pack of hungry wolves quiet for the summer.

Now fast forward to where we are now, and what do you know?

When we really need a little bit of help, it seems that all the suits in private jets are the only ones that matter.

I wont say the idea of a bailout is bad.

But, I will say its not fair.

Its almost a reward for the incompetence that lead to all of this in the first place.

While it is clear many of these auto companies need help, I really don’t think they need a handout.

WE need a handout.

First it was inflation, and now its deflation.

First it was an economic downturn, and now its a deep recession.

First it was “This will be over soon, the American public will make it out of this”, and now its “The Fed is anticipating significant further slowing in the economy.”

Where does that leave us?

Broke and bitter…

I’ll tell you what though, I do have faith.

At the end of the day me, Mike James, Jansen Wordsworth, and of course Big Shirley are ready to jump the border in the event shit really does hit the fan.

Mexico or Canada…we can flip a coin and decide at the airport…

A net positive either way…Canada has legal bud in B.C. and Mexico has legal…anything!!! 

Till next time folks…I need to get back to finding things around the office to steal in the event I get layed off next!!!!

Logical

D.Smith

The Grim Realities Of A Financial Crisis…

This is bullshit…

You spend 4 years in college thinking you got it all figured out…

Graduate…realize the world and economy around you is not only changing…but your left feeling like you were among the last to know…

Ladies and Gentleman…I invite you to watch the accompanying video and take a walk in my shoes…

Now according to this CNN clip, a Manpower Survey concluded that the following jobs are the safest:

White Collar

  • Engineers
  • Technicians
  • Sales Reps
  • Accountants
  • IT Staff

Blue Collar

  • Machinists
  • Machine operators
  • Skilled workers
  • Mechanics
  • Laborers/production operators

So where does that leave me???

Broke…bitter…clueless…and closer to 30 than to 20…

Conventional wisdom would tell one to get on out there and grab a secondary degree, as I am a college grad…

However, that secondary degree is upwards of 100 grand, not to mention the fact that it was conventional wisdom that told me I actually knew what the fuck I was doing when I chose my major at 18…

That could be one of the worst fucking ideas ever…

“Oh yea kids, come on down while your half drunk and stoned and pick your future out of a hat…don’t worry…no pressure…”

I mean look what I’m left with…this video is either talking about a bunch of jobs I can’t get because I studied something totally different or $15, $16 dollar an hour manual labor and commission based sales jobs as the best options???

Is this really what my life has come to???

Don’t get me wrong… I have nothing against the blue collar worker….but if that’s the case I should have been a construction worker or picked up a trade straight out of high school and called that shit a day…

No midterms..no papers…NO LOANS!!!!!

Call me bitter…(You probably already did…weeks ago)…but I feel hoodwinked!!!

And its not like I expected to have 400 thousand in a savings account by my 26th birthday…but I expected to at the very minimum have an idea of the path I would be taking to attain that 400k…

Instead I’m like regressing…

Well that’s my first rant of the week…I’m sure it wont be the last…

Excuse me while I go attempt to sell some semen and/or blood (hopefully not mixed together…) to try and make ends meet…

Logical

D.Smith

Published in: on October 12, 2008 at 12:10 pm  Comments (5)  
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This Is Getting Ugly….

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes

777 point plunge in the Dow???

$1.2 trillion in market value lost in one afternoon…

Bottom line, this is not even the time for me to bash the GOP for enabling this situation to unfold…

It’s really more of a time to freak the fuck out…

All I have been hearing is, “Don’t worry, the bailout will get done…” or “It has to get done, if not, our credit system will collapse…”

Well it didnt, and yes, now shit has fit the fan…

Not that I’m some huge fan of paying for Wall Street’s mistakes, but if this is the consequence? We need to make a compromise…

The common man doesn’t give a fuck about partisan disparities within the Senate…they want to know why the value of their home, their only substantial asset is plummeting or why they have lost thousands of dollars in their 401k in the past few months…

So here are some of my initial thoughts…

I don’t have time to sit here and analyze big business vs. government regulated businesses, to me it’s passed that point…

I’m more interested in, where does this leave me?

Did I actually make a mistake by going to college???

Because I know there’s a handful of motherfuckers form my senior high school class who decided to skip college and get trades like plumbing or painting…

And that shit was funny at the time, but now they have the stability i desire…

Ain’t that some shit!

Meanwhile, I’m stuck overworked, underpaid, bitter, and in debt…

Booooooooo

When they said, “It will get worse before it gets better…”, apparently they weren’t lying…

The real devastating reality of this general economic uncertainty is that while the media will report on the stock broker who lost a few million in a weekend or the billion dollar corporation whose shares fell 15%…they don’t emphasize the family of 5 who just went from a dual income to struggling to survive on one paycheck while putting their kids through college…

Or the single mother who can’t keep up with the recent increase in the simple things needed to survive like food and gas…

I mean really, that stockbroker may be crying but those tears are a lot richer than the factory worker who just lost their job and now has to consider selling his house below value just to survive, while the other guy has a Rembrandt hanging in his living room….

Gimme a fuckin’ break…

If this doesn’t get resolved by Wednesday, Mike James and myself are taking this operation to Mexico…

Fuck it…call this shit And This Is My Mexico?

Sand…Sun…and muchas tetas y cervezas!!!

Logical

D.Smith

Published in: on September 29, 2008 at 9:17 pm  Comments (6)  
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Well I’ll Be Damned…

http://www.cnn.com/2008/WORLD/meast/09/23/ahmadinejad.us/index.html

“As long as the aggressors, because of their financial, political and propaganda powers, not only escape punishment, but even claim righteousness, and as long as wars are started and nations are enslaved in order to win votes in elections, not only will the problems of the global community remain unsolved, but they will be increasingly exacerbated,” the Iranian leader said.

 This is probably the last person in the world we as Americans would want commentating on our lackluster position right now in the global and domestic market…

Why?

Because this isnt your average, run-of-the-mill, foriegn, player-hater just looking to bash us because we are materialistic and hypocritical…

No, this is a man who could possibly be declaring our weakness on the global stage as a prelude to whatever sick and twisted plot he has for this nation…

If you read this article, every topic he touches upon…the answers leave me scared…

Not at the prospect of what he may do…but the fear is more directed at the vulnerability of our nation…

Weak dollar, shaky credit system, the demise of essentially all major investment firms, bitter citizens, not to mention our dependence on oil…

I mean we are pretty much up shits creek without a paddle…

Take a look at this excerpt from a different CNN article, outlining another attempt by Ben Bernanke to mobilize the bailout process…

Bernanke explained how the credit crisis is rippling out through the economy. He said it has gotten harder for businesses to get the loans they need to create jobs, and for consumers to get loans to buy new vehicles – hurting both automakers and auto workers.

“I realize it’s a very complicated story,” Bernanke said. “Banks are holding all these complex hard to price securities. This approach is one way to address the problem.”

A “complicated” story???

Thats some euphemism Benny!!! – In layman’s terms? We are fucked!!!

Great Depression 2.0…live and direct…

 

Logical

D.Smith

Published in: on September 24, 2008 at 3:07 pm  Comments (1)  
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