Democrat-Socialist perversion continues in the headlines as perverts seek to impose their will on Americans.

Democrat-Socialist perversion continues in the headlines as perverts seek to impose their will on Americans.

NAMABLA (North American Man Boy Love Association) was one of the organizations in the 1990's fighting for children's rights so that children at 12 could make decisions independent of their terribly restrictive parents. They wanted 12 year olds to be having consenting sex but their real goal was captured in their chant, "Before eight or its too late." Yes they wanted the age for little boys and girls to be able to have consenting sex dropped eventually to eight. They would essentially be able to completely destroy the family which the leftist perverts thought was an archaic oppressive relic of the religious right.

It was the NAMABLA publicity of the notorious Boston priest pedophile that caught the attention of his 100+ boy victims and which resulted in the purge of the perverts teaching in Catholic Church seminaries. When the Catholic Church began to purge the church of perverts that had been in teaching and other positions where they could commit sex crimes, the perverts in the church also came out against the church. Most perverts in fact like their life style and by coming out they could get blackmail money and punish the Church for throwing them out of responsible positions that endangered young people. That is why the Catholic Church changed from being a 1960's leftist perverted revolutionary influence supporting Chavez and other communists in S.A. and the first Polish Pope abandoned the leftist vision of the perverts in the church. It was a hard decision because the Catholic Church was the most liberal/progressive church. Now the perverts have flocked to the Lutheran ELCA denomination (among others) where they also take great pride in their ELCA medical members who kill babies in the ninth month in last minute decisions and in their gay pastors.

Pornography with children is against the law for the time being but the web is filled with the porn of committed sexual relations with apparently consenting animals and other things. The problem with perversion is that there are no limits to the depth of depravity. It is always there but once you legalize it they put it in your face like in Nazi Germany before the "night of the long knives".

The depravity of past national and international socialist systems is well known. And the leftist perverts think Guantanamo is suddenly ok now that the democrat-socialist-pervert-union-lazy-indigent-illegals say it is. When there are no human or social values, anything comes and anything goes.


World Markets:
Hedge funds continue to spread miss-information about China to try to unsettle markets that they shorted and are losing big on. It is false for hedge funds to say they are entering a slow down. The hedge funds are selling commodities now and making an incredibly bad mistake. They will fail at their attempt to drive the markets down now. So we can take advantage of declines as a buying opportunity. When the hedge funds are forced to cover their shorts the world markets will surge. One thing is absolutely certain… shortages are on the horizon. Now is the time to prepare for the shortages that always accompany inflation.

German exports also surged to pre-recession levels. German second quarter growth just hit 2.3% and rising.

Economic Calendar
We are seeing manipulated obama government statistics again with wide data scatter and correction as big as the reported changes.

Last Friday:
CPI Jul rose 0.3% which makes up for the -.1% last month.
Core CPI Jul was at 0.1% which is stable and growing.
Retail Sales Jul were up 0.4% after being down -0.5% and manipulate. This shows recovery.
Retail Sales ex-auto Jul also up 0.2%.
Mich Sentiment Aug rose to 69.6% from a manipulates lower 67.8% last month.
Business Inventories Jun are up 0.3% which is expected as we get closer to the holiday sales season.

Yesterday
NY Fed - Empire Manufacturing Index Aug rose to 7.1 from 5.1 a 20% improvement.
Net long-term TIC Flows May rose to 44.4 from 35.4 a 30% improvement
NAHB Housing Market Index Aug declined to 13 from 14 as Obama continues to ignore the democrat-socialist corrupt and dysfunctional Fannie and Freddie government organizations that insured loans that were impossible to repay so that the private mortgage derivatives were corrupted with Barney Frank's bogus mortgages and collapsed causing the democrat-socialist crisis that which Obama then exacerbated by declaring it to be a Great Depression.

Today:
Aug 17 8:30 AM Housing Starts Jul
Aug 17 8:30 AM Building Permits Jul
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 9:15 AM Industrial Production Jul
Aug 17 9:15 AM Capacity Utilization Jul

This week
Aug 18 10:30 AM Crude Inventories 08/14
Aug 19 8:30 AM Initial Claims 08/14
Aug 19 8:30 AM Continuing Claims 08/07
Aug 19 10:00 AM Leading Indicators Jul
Aug 19 10:00 AM Philadelphia Fed Aug

Market Outlook Aug 17, 2010

Volume has been extremely low on the recent Hedge Fund declines indicating that the Hedge fund short sellers are running out of cash. The last advance barely broke the resistance level and was not a breakout. But the pullback thus far was less than 50% of the last advance. So if the decline does not break the previous low then the next advance will have a much better chance of making a breakout. If it fails that attempt then it would imply the economic recovery is faltering. We expect the market to rise and for Americans to be closer to their computers and radios thinking of investments this summer and of purging the democrat-socialist-union-lazy-indigent-perverts.

The cash infusion from corporations is beginning to let loose a bull market and a fresh cash influx for acquisitions and expansion of the economy. But that only occurs when they believe the recovery is real. Corporations have cash and are beginning to warm to acquisitions. Inflation looms in the future and will make short term interest rates rise and short term debtors insolvent. They will be the big losers. Homeowners will be the big winners as long term rates are depressed. Bondholders will be big losers in the end and there will be bursts of money leaving bonds for stocks. Commodities will be the big gainers again.

We expect a bigger rally to follow if the corrupt socialists are voted out of office in November. Then obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.

World Markets
Asian markets were up last night. Shanghai up 0.4%, Hong Kong up 0.2%, India no change, and Japan down 0.4%.

European markets are up sharply in a range of about 0.7% to 1.2% this morning about half way through their day.

US pre-market futures are up 0.5% this morning at 9 Am.

We look at China and Germany and think it shows the world market trend is up after all the disparaging double dip false criticism the hedge funds laid on China these past months. German and Chinese markets reflected the slowdown months ago as we have also. German and Chinese markets resumed growth. The slowdown was not a dip it is just a more sustainable advance. Now both China and Germany indicate the Obama-Barney Frank-Christopher Dodd recession is ending.