Daily Archives: 23/08/2009

This is NOT going to end well

This is NOT going to end well

Filed under: Old Posts — John Galt @ 8:08 pm by John Galt August 23, 2009 Thanks to the folks at www.chartoftheday.com you get some idea as to just how absurd the earnings reports have been thanks to the distortions of creative accounting. With 97% of S&P companies reporting we have a whopping P/E ratio of 129 on the S&P 500 and that is so many deviations from the norm, it is not even funny. The historical average until the .com fiasco was 20 and…

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Pictures from the Depression of 2009 in Florida

Pictures from the Depression of 2009 in Florida

Pictures from the Depression of 2009 in Florida Filed under: Old Posts — John Galt @ 3:14 pm by John Galt August 23, 2009 As many of you know, I travel all over the state of Florida and when time allows, I attempt to take pictures to just document what this economic collapse in Florida looks like. I do have pictures from a food bank in Fort Myers but could not get permission to publish them so for this series, I will have to withhold…

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