Socialist must be removed this November and massive government non-defense job reductions are overdue.

Gold has been dipping below $1200 again.

Socialist must be removed this November and massive government non-defense job reductions are overdue.

The Baltic Dry Index has fallen for the 29th consecutive session. The Baltic dry index never increased after it rose from its lows in early 2009 even though Jim Cramer said it did by removing higher earlier data from his charts. That is why we gave you the index to see for yourself. Now Jim Cramer says he does not believe the dry index. He says trade is sill increasing. Jim is often contradictory.

Franklin D Roosevelt (FDR) created the first Great Depression with his socialist experiment back in the 1930's when liberals thought Communism was the way of the future. Only WWII saved us from Communism because FDR had to call on Capitalists to fight Hitler. Communists at first liked Hitler because Hitler and Stalin were initially allies and planned to acquire all the countries between them.

Obama's socialism could cause the world's second "Great Depression" if we do not throw them out of office this November.

The risk of hyperinflation remains low.


World Markets:
Asian markets surging.

Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.

This week
Jul 6 10:00 AM ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.

Jul 7 10:30 AM Crude Inventories 07/03

Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 3:00 PM Consumer Credit May

Jul 9 10:00 AM Wholesale Inventories May

Market Outlook July 7, 2010
We are waiting for the bounce.


World Markets
Asian markets were up with underlying stability last night. Shanghai up 0.5%, Hong Kong down 1.1%, India down 0.8%, and Japan down 0.8%.

European markets are down in a range of about 1% to 1.2% this morning about half way through their day.

US pre-market futures are down in the range of -0.4% to -0.6% this morning.