Socialist economists falsify data and think people are stupid

Market forces May 29,
Durable goods orders

The biggest socialist liars:
Whether Hitler's big lies or former Soviet Union economic reports, socialism ghetto economics, freedom, and reports on their 5-year plans have always been falsified. We really have no idea right now what is going on in China for instance. We in the free world demand honesty. If our president is caught in a lie we disown him as we did with President Nixon even if they themselves are innocent of anything but the lie. But socialism is government run like a ghetto where it is image not substance that counts. So right up to their collapse we foolishly believed the Soviets were doing fine because we were taught honesty was the best policy and we knew that without honesty our financial system would collapse. But honesty would destroy socialism. Socialism is the criminal society one finds in ghettos where the flashy car and some money gives you all the influence you need and you get what you want by taking it from others.

Socialism is based in dishonesty:
Socialist economics is the economics of dishonesty, extortion(taking not giving), and outright fraud. The socialist countries are where 90% of e-mail fraud, illicit drug production, computer viruses, human trade in flesh; environmental destruction and starvation are centered. The starvation of the world is all in socialist countries. (Note that in order to declare that the US is a major polluter the socialist radicals have had to declare the CO2 we exhale as pollution.) Now this ghetto socialist economics has entered the US government administration. Here is how the Obama socialists think they are fooling Americans. They have government departments report optimistic numbers. We expect our elected government to tell the truth and so we are gullible and we think the socialists are making progress just like they expect us to think. Then when the report is obsolete they often correct their last number and think no one will notice and indeed Pravda doesn't care to report that to us. So then the distortion of the fraud is effectively erased and since the old numbers now look worse the new estimates are made to look even worse. So that allows them to report a new fake optimistic number each month because the socialist economists clearly think Americans are looking for a free ride like the typical populations that adore leaders like Lenin, Stalin, Hitler, and Mao.

Yesterday they reported more phony numbers:
First lets get the numbers straight because they don't want us to even know what they are talking about. Durable goods orders are down over 25% year to year. If you look at what they reported last year you see from the data scatter that the Bush administration erred on the pessimistic side by at least 2% in 2008 which means by definition that the decline this month in this indicator would have been less (optimistic) by 2% because it is quoted relative to the statistically low number reported last year.

The phony 1.9 percent increase reported by the Commerce Department Thursday in followed a revised 2.1 percent drop in March that was more than twice as large as originally reported. So March was already down 1% but they revised March down another 1.1% so that they could increase April by 1.1% to make it a +1.9% change this month to impress Americans with the magic of ghetto socialist economics. In reality the entire gain is due to Bush pessimism last year of 2% plus 1.1 % administration fraud. It is a total of 3.1% distortion of reality towards bullishness. Without that distortion we would be 1.9% -3.1% or
-1.2% for April not +1.9%.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm

You can see that they expected a 0.5% real improvement durable goods orders and they got a -1.2% worsening instead. So the truth of -1.2% would have been bearish but the socialists spun it to be +1.9%.
http://www.martincapital.com/main/econ_cyc.htm

You need to look at the real numbers to know the truth:
You see the real picture is that we are down 25% year to year and ghetto socialist economics has us looking at a +1.9% statistical artifact that is 50% based on fraud. You can think of it this way. We are weighing an elephant and it lost over 25% since last year. But instead Pravda tells us it improved 1.9% in April relative to how much it weighed in March relative to March of 2008 after we revised March down 1.1%. The statistic is an apples to oranges +0.8% artifact (April vs. March) caused by statistical variation that is then doubled by revising March lower by 1.1%. Look at the charts yourself and you can see that April is not improving and the situation is far worse than when the DOT-Com bubble burst in 2001. But they convinced investors to be very bullish yesterday. But the government corruption gets even worse.

Ghetto socialism creates dishonest occupations:
In the ghetto the local criminal organization gives the people protection, food, drugs, sex, pornography bookie betting, human degrading entertainment and the productivity is all in the governance sectors run by the drug and other crime organizations. The honest pay protection as a tax to help finance the ghetto government. That is how growth occurs in socialist governments. Under the leftist socialist ghetto-like dictatorial governments the growth comes from and in the criminal government itself. Everything becomes liberalized (You can even sell your young women as wives to foreigners). With that in mind lets look at Durable goods orders again.

Durable goods orders under current US ghetto socialism:
Orders for autos and a surge in government defense spending overshadowed the declines in private sector business equipment that signal real investment and indicating that the private sectors will be the last areas of the economy to recover. The stimulus package is only stimulating spending where the ghetto socialist government is throwing the money. America does not need or want legalized drugs, legalized pornography, legalized late abortions, sexual deviates legally running naked on city streets (i.e. San Francisco), gay marriages pushed in American schools, ACORN thugs preventing checkers from requiring proof of voter identity, nationalization of auto and financial sectors and other spending guided by empty headed leftist ghetto socialist radicals and anti-nuclear energy loony tunes. We see the results and the money is not flowing into productive private enterprise. Instead durable goods orders show most of the money is flowing into and expanding government web of dishonest, immoral, unethical, coercive and formerly criminal activities now sponsored by government. They still encourage mortgages for people who cannot afford the house that Congressman Rangel gave them when the US Senate Banking Commission run by ghetto socialists started and encouraged the criminal fraud that last year brought down our capitalist economy.

More than 616,000 loans were hit with foreclosure actions in the first 3 months of this year. Despite all the socialist hand wringing the number of foreclosure actions just started hit a record high. The National Delinquency Survey released Thursday by the Mortgage Bankers Association reported the largest quarter-over-quarter increase in foreclosure starts since it began keeping records. It was a 27% increase in lenders initiated foreclosures from the 1.08% rate during the last three months of 2008 and a 36% rise from the first quarter of 2008. 616,000 mortgages were hit with foreclosure actions.

Delinquencies, the stage in which borrowers have fallen behind on payments but have not yet reached the point where they've received intent-to-foreclose notices, also hit record highs at 9.12% of all existing loans last quarter. Can you believe that… 9.12% toxic waste still just coming on to the bank's books! We were told the toxic waste was less than 1%!

The ugly report was not unexpected due to socialist interventions. According to Jay Brinkmann, MBA's chief economist, "We suspected that the [foreclosure] numbers were artificially low due to various state and local moratoria, the Fannie Mae and Freddie Mac halt on foreclosures, and various company-level moratoria."

Market Outlook

Our analysis does not change every other day as you typically see on the NBC/GE/Pravda network. A new ominous wrinkle may be the rise of interest rates that will delay economic recovery and could lead to socialist bankruptcy.

Last night Asian markets were up. China’s markets were 1.7%, India up 2.3%, and Japan up 0.8 %.

After seriously dropping yesterday, European markets are up today in the range of 1% to 1.6% mid way through their day.

US futures indicate the markets will start higher today.