Obama thinks that if some Americans love to work they should pay more in taxes for that opportunity. While handing out $150,000 for his wife's salary increase and $billions to indigent addicted welfare women collecting benefits awarded based on the number of their fatherless children, Obama went on record last year as saying that American soldiers should pay their own medical insurance because they loved to serve America. That did not go down well either. Obama isn't too bright. He said that shortly after he called the Boston police force stupid for inquiring why a black man broke into a Harvard professor's house. It turned out that that black man was a stupid black Harvard Professor who locked himself out of his own house and decided instinctively to break into the house instead of calling the police or a locksmith for help.
By 1824 Thomas Jefferson, the founder of the current Democrat Party, already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Is it possible that if Thomas Jefferson were alive today he might call the indigent addicted welfare women collecting benefits awarded based on the number of their fatherless children, parasites? And as the founder of the Democratic Party might he also now disown them and call them the party of Marxist jackasses?
You can find these quotations yourselves if you Google books from the 1800s and use a few key words and a patriot's name.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democrat Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
Asian stocks are declining on signs of sluggish consumer demand, while the dollar steadied ahead of U.S. economic data and a likely American rejection of Obama's Marxism next week. The Federal Reserve meeting will likely determine that the FED does not have to buy debt if the socialist high spenders are thrown out of Washington next Tuesday.
Economic Calendar
Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
Case-Shiller 20-city Index Aug rose 1.7% from a year ago and is not inflationary.
Consumer Confidence Oct rose to 50.2% from 48.5%
FHFA Home Price Index Aug rose 0.4% after declining again last month. The housing market continues to bottom out but Obama continues to use it to redistribute wealth in the form of houses to people with drug and other problems that are still not asked about their means of support. Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans there and redistributed the European's wealth. After you kill the golden goose there are no more golden eggs.
MBA Mortgage Applications 10/22 are up 3.2% after being down 10.5% last month. The adverse effects of the end to incentives to buy homes are probably now behind us.
Durable Orders Sep are up 33% after being down -1.5% last month as the aviation industry picks up business.
Durable Orders - ex transporation Aug without aviation was still down -0.7%
New Home Sales Sep increased to 307000 from 288000 last month.
Crude Inventories 10/23 jumped to 5 million barrels this week after two weeks of price increases.
Yesterday
Oct 28 8:30 AM Initial Claims 10/23 - 435K last week down from 452K, no doubt continuing Obama Marxist's fraud before elections.
Oct 28 8:30 AM Continuing Claims 10/16 - 4356K after taking away 37K and adding it on to what they had already reported for two weeks ago which was revised up the 37K from 4441K to 4478K. Undoing this Obama fraud we are up to 4393K this week from 4441K originally reported last week. More people are out of jobs and Obama lies to conceal the fact that no one is expanding their businesses while Marxist Obama harasses and taxes productive Americans who love their work. Obama thinks that if some Americans love to work they should pay more in taxes for that opportunity.
This Week
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 29 2010
Still time left to take stock market profits when available.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many vicious and idle liberals were elected to the House and Senate. It is unfortunate that oil wealth and drug wealth has resulted in the growth of vicious and idle populations who are mobile and are becoming illegal aliens throughout the free world, on welfare, and refusing to learn the cultures and languages of the people they prey upon. The creative and industrious people are conservatives who earn their money and the vicious and idle tend to be liberals who think they are too smart to work and were put on earth to rule the ignorant masses. Some vicious and idle people such as currency manipulator George Soros do what they do out of guilt for the illicit way they expropriated wealth and do not understand people who actually create wealth. George Soros is a convicted felon who was tried and convicted in Socialist France for manipulating currencies. He made all his wealth by destabilizing four currencies illegally in a scam that cost the world $billions. He is the biggest financier of American Marxists like Obama.
World Markets
Asian markets were down last night. China's market was down -0.5%, Hong Kong down -0.5%, India up 0.5%, and Japan down -1.8%.
European markets are down this morning in a range of about -0.2% to -1.5% about half way through their day.
US pre-market futures were down about -0.3% at 9:00 AM EST.
Friday, October 29, 2010
Thursday, October 28, 2010
Is President Obama the one behind the release of Army communications by international Marxists?
Is President Obama the one behind the release of Army secrets by international Marxists?
Ken Langone the co-founder of Home Depot wrote an article this week saying "Mr. President, stop beating up on American business." He said today he was surprised and disappointed by the number of executives who called to say they wished they could say what he said but they are afraid of government retribution. Obama, when he took office, threatened investigations of former president Bush and said he was going to "out" the CIA. In fact who but Obama could possibly be behind the recent publication of the communications of the US military that were in Iraq and now Afghanistan?
The innocuous Chamber of Commerce gave money to Tea Party candidates and now they have four federal agencies investigating them. One investigation would have been too much so this should tell the Tea Party that 75% of the federal harassment force could be fired without any adverse effect. Ken Langone asked the question, what has Obama done that Americans no longer have free speech?
Let us get real! Who but Obama and his Marxist buddies could get a low level Marxist infiltrator into the US Army to release those documents to other Marxists who distributed and published them? He must have been well trained to be able to download so many records out of a secure (???) system. Perhaps he was actually a Soviet spy like the ten that were recently sent back to Russia. Perhaps Obama is a soviet spy with a false identity too? Only Obama could shut it down instantaneously but he did not shut those traitors down. Does that not make Obama complicit in the treachery against the American soldiers that he puts at risk?
Hey you! Don't you realize that Obama has the agencies that can take down all of the Marxists complicit in the treachery against American soldiers? Isn't that evidence that Obama could be a Marxist traitor himself for he is doing nothing about it? Yesterday he told one group of Americans that they must vote for him because if they do not their enemies will be elected. He said they must punish their enemies and reward their friends. He should know better than to preach hatred to Latinos against the predominantly white Tea Party candidates. Obama uses hate speech and brings the government down upon anyone who opposes him. He has George Soros and many other Marxists outside of government also attacking any American that criticizes Obama. Apparently George Soros now has floated $1million for people who attack Glen Beck the talk show host. He also gives money for missiles for Hezbola. Killing fields are what Marxist think of as dialectic peace.
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
You can find these quotations yourselves if you Google books from the 1800s and use a few key words and a patriot's name.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
Unemployment in Germany has reached a twenty-year low. But that is not true of Moslems and Gypsies who came from India by way of Romania. Moslems and Gypsies are becoming a major illegal immigrant problem in the EU especially in France and Germany. England stops them from entering but there have been large camps of them in France trying to get to England through the Chunnel (channel tunnel). When these illegal aliens first came into Europe they were willing to work in factories. But now they live on welfare just as most Moslems do in the Mid-East. It is common knowledge in the business world that the princes who run the mid-Eastern governments are lazy and corrupt and they keep their people ignorant and on welfare. Education of the masses is directed intentionally at creating hatred towards western freedoms so that they can keep their people enslaved in poverty and ignorance. The lazy corrupt kings and princes support international terrorism because that focuses hate for Western freedoms and responsibilities. They preach hatred of Christianity, hatred of social and economic freedom, hatred of free markets. These ignorant and poor people that blow themselves up do so because their society makes them mentally ill and self-loathing. Suicide is a sickness and Imams are obviously mentally ill themselves when they encourage suicide. The Kings and princes keep it that way because they can only control by using hate and force. They would actually prefer to kill off their populations as they did in ancient times except that without people to control they can claim no right to govern. If the world wants peace all the Moslem kings, princes, and Imams need to be removed from power. Their peoples have been kept on welfare too long with money from oil sales. Their people need to be able to have honest work again and a real education.
China continues to lead Asia and the world out of the recession. China is doing that by acting like Americans and stepping out of the way and allowing creative and industrious people to reap the rewards of their own work. Obama continues to be a Marxist anchor on the American economy and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office. He is promoting redistribution of wealth from the creative and industrious people to the lazy and ignorant people. In America a woman can get between $1500 and $2000 per month for every child she has on welfare. That Moslem woman in California who was on welfare with two children and had California pay for her fertility clinic implanting six more embryos, and had Californians pay for all their prenatal care now has eight Moslem children and herself on welfare getting $180,000 a year from Californian creative and industrious people. That is almost as much money Obama's wife got after Obama was elected and earmarked US taxpayer money for his wife's employer.
Economic Calendar
Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
Case-Shiller 20-city Index Aug rose 1.7% from a year ago and is not inflationary.
Consumer Confidence Oct rose to 50.2% from 48.5%
FHFA Home Price Index Aug rose 0.4% after declining again last month. The housing market continues to bottom out but Obama continues to use it to redistribute wealth in the form of houses to people with drug and other problems that are still not asked about their means of support. Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans there and redistributed the European's wealth. After you kill the golden goose there are no more golden eggs.
Yesterday
MBA Mortgage Applications 10/22 are up 3.2% after being down 10.5% last month. The adverse effects of the end to incentives to buy homes are probably now behind us.
Durable Orders Sep are up 33% after being down -1.5% last month as the aviation industry picks up business.
Durable Orders - ex transporation Aug without aviation was still down -0.7%
New Home Sales Sep increased to 307000 from 288000 last month.
Crude Inventories 10/23 jumped to 5 million barrels this week after two weeks of price increases.
This Week
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 28 2010
Today the WSJ had a few graphs that showed the market has topped out and the price of gold has begun to decline again.
Still time left to take stock and profits when available.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many vicious and idle liberals were elected to the House and Senate. It is unfortunate that oil wealth and drug wealth has resulted in the growth of vicious and idle populations who are mobile and are becoming illegal aliens throughout the free world, on welfare, and refusing to learn the cultures and languages of the people they prey upon. The creative and industrious people are conservatives who earn their money and the vicious and idle tend to be liberals who think they are too smart to work and were put on earth to rule the ignorant masses. Some vicious and idle people such as currency manipulator George Soros do what they do out of guilt for the illicit way they expropriated wealth and do not understand people who actually create wealth.
World Markets
Asian markets were flat last night. China's market was down -0.2%, Hong Kong up 0.2%, India down -0.3%, and Japan down -0.2%.
European markets are up this morning in a range of about 0.6% to 1.1% about half way through their day.
US pre-market futures were up about 0.4% at 9:00 AM EST.
Ken Langone the co-founder of Home Depot wrote an article this week saying "Mr. President, stop beating up on American business." He said today he was surprised and disappointed by the number of executives who called to say they wished they could say what he said but they are afraid of government retribution. Obama, when he took office, threatened investigations of former president Bush and said he was going to "out" the CIA. In fact who but Obama could possibly be behind the recent publication of the communications of the US military that were in Iraq and now Afghanistan?
The innocuous Chamber of Commerce gave money to Tea Party candidates and now they have four federal agencies investigating them. One investigation would have been too much so this should tell the Tea Party that 75% of the federal harassment force could be fired without any adverse effect. Ken Langone asked the question, what has Obama done that Americans no longer have free speech?
Let us get real! Who but Obama and his Marxist buddies could get a low level Marxist infiltrator into the US Army to release those documents to other Marxists who distributed and published them? He must have been well trained to be able to download so many records out of a secure (???) system. Perhaps he was actually a Soviet spy like the ten that were recently sent back to Russia. Perhaps Obama is a soviet spy with a false identity too? Only Obama could shut it down instantaneously but he did not shut those traitors down. Does that not make Obama complicit in the treachery against the American soldiers that he puts at risk?
Hey you! Don't you realize that Obama has the agencies that can take down all of the Marxists complicit in the treachery against American soldiers? Isn't that evidence that Obama could be a Marxist traitor himself for he is doing nothing about it? Yesterday he told one group of Americans that they must vote for him because if they do not their enemies will be elected. He said they must punish their enemies and reward their friends. He should know better than to preach hatred to Latinos against the predominantly white Tea Party candidates. Obama uses hate speech and brings the government down upon anyone who opposes him. He has George Soros and many other Marxists outside of government also attacking any American that criticizes Obama. Apparently George Soros now has floated $1million for people who attack Glen Beck the talk show host. He also gives money for missiles for Hezbola. Killing fields are what Marxist think of as dialectic peace.
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
You can find these quotations yourselves if you Google books from the 1800s and use a few key words and a patriot's name.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
Unemployment in Germany has reached a twenty-year low. But that is not true of Moslems and Gypsies who came from India by way of Romania. Moslems and Gypsies are becoming a major illegal immigrant problem in the EU especially in France and Germany. England stops them from entering but there have been large camps of them in France trying to get to England through the Chunnel (channel tunnel). When these illegal aliens first came into Europe they were willing to work in factories. But now they live on welfare just as most Moslems do in the Mid-East. It is common knowledge in the business world that the princes who run the mid-Eastern governments are lazy and corrupt and they keep their people ignorant and on welfare. Education of the masses is directed intentionally at creating hatred towards western freedoms so that they can keep their people enslaved in poverty and ignorance. The lazy corrupt kings and princes support international terrorism because that focuses hate for Western freedoms and responsibilities. They preach hatred of Christianity, hatred of social and economic freedom, hatred of free markets. These ignorant and poor people that blow themselves up do so because their society makes them mentally ill and self-loathing. Suicide is a sickness and Imams are obviously mentally ill themselves when they encourage suicide. The Kings and princes keep it that way because they can only control by using hate and force. They would actually prefer to kill off their populations as they did in ancient times except that without people to control they can claim no right to govern. If the world wants peace all the Moslem kings, princes, and Imams need to be removed from power. Their peoples have been kept on welfare too long with money from oil sales. Their people need to be able to have honest work again and a real education.
China continues to lead Asia and the world out of the recession. China is doing that by acting like Americans and stepping out of the way and allowing creative and industrious people to reap the rewards of their own work. Obama continues to be a Marxist anchor on the American economy and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office. He is promoting redistribution of wealth from the creative and industrious people to the lazy and ignorant people. In America a woman can get between $1500 and $2000 per month for every child she has on welfare. That Moslem woman in California who was on welfare with two children and had California pay for her fertility clinic implanting six more embryos, and had Californians pay for all their prenatal care now has eight Moslem children and herself on welfare getting $180,000 a year from Californian creative and industrious people. That is almost as much money Obama's wife got after Obama was elected and earmarked US taxpayer money for his wife's employer.
Economic Calendar
Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
Case-Shiller 20-city Index Aug rose 1.7% from a year ago and is not inflationary.
Consumer Confidence Oct rose to 50.2% from 48.5%
FHFA Home Price Index Aug rose 0.4% after declining again last month. The housing market continues to bottom out but Obama continues to use it to redistribute wealth in the form of houses to people with drug and other problems that are still not asked about their means of support. Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans there and redistributed the European's wealth. After you kill the golden goose there are no more golden eggs.
Yesterday
MBA Mortgage Applications 10/22 are up 3.2% after being down 10.5% last month. The adverse effects of the end to incentives to buy homes are probably now behind us.
Durable Orders Sep are up 33% after being down -1.5% last month as the aviation industry picks up business.
Durable Orders - ex transporation Aug without aviation was still down -0.7%
New Home Sales Sep increased to 307000 from 288000 last month.
Crude Inventories 10/23 jumped to 5 million barrels this week after two weeks of price increases.
This Week
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 28 2010
Today the WSJ had a few graphs that showed the market has topped out and the price of gold has begun to decline again.
Still time left to take stock and profits when available.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many vicious and idle liberals were elected to the House and Senate. It is unfortunate that oil wealth and drug wealth has resulted in the growth of vicious and idle populations who are mobile and are becoming illegal aliens throughout the free world, on welfare, and refusing to learn the cultures and languages of the people they prey upon. The creative and industrious people are conservatives who earn their money and the vicious and idle tend to be liberals who think they are too smart to work and were put on earth to rule the ignorant masses. Some vicious and idle people such as currency manipulator George Soros do what they do out of guilt for the illicit way they expropriated wealth and do not understand people who actually create wealth.
World Markets
Asian markets were flat last night. China's market was down -0.2%, Hong Kong up 0.2%, India down -0.3%, and Japan down -0.2%.
European markets are up this morning in a range of about 0.6% to 1.1% about half way through their day.
US pre-market futures were up about 0.4% at 9:00 AM EST.
Wednesday, October 27, 2010
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many of the vicious and idle were elected to the House and Senate. We must throw them out next week.
The CFTC has been investigating the recent manipulation of the price of silver. Inexperienced previously burned investors have been given a dishonest marketing blitz where silver is fraudulently depicted as a monetary metal like gold. That is untrue. Silver is a commodity like copper and is a byproduct of mining other metals as well as mining mineral itself so its availability increases rapidly with price.
It is true that India and China buy significant amounts of silver but it is not for savings or wealth, they actually eat silver along with a host of other exotic things like rhino horns and ducks feet in China and unusual plants in India.
See: http://www.incredibleindia.org/emailers/news_may05/news_may05.htm
What's that silver stuff on food? Is it safe to eat?
The silver stuff is called varakh. It is actually real silver, beaten really thin. It is usually found on Indian sweets, and yes, it's perfectly safe to eat. According to a feature article in a local magazine, a whopping 275 tons of silver is eaten annually in the form of foil.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
Yesterday
Case-Shiller 20-city Index Aug rose 1.7% from a year ago and is not inflationary.
Consumer Confidence Oct rose to 50.2% from 48.5%
FHFA Home Price Index Aug rose 0.4% after declining again last month. The housing market continues to bottom out but Obama continues to use it to redistribute wealth in the form of houses to people with drug and other problems that are still not asked about their means of support. Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans there and redistributed the European's wealth. After you kill the golden goose there are no more golden eggs.
This Week
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 26 2010
When world interest rates are very low banks charge more up front in points to record an immediate profit. Banks do not like to give low interest long-term loans because inflation rapidly wipes out future bank profitability. So while rates are down, bank charges are up significantly. The FED plans to buy back (liquidate) longer-term treasuries starting again week. That is a smart government move but it will destroy union and other pension funds that will see higher long term inflation and lower long term rates. Basically this is one way Obama can steal from older Americans and make it look like Americans just don't know how to invest and need government help from cradle to grave. Depressions are some of the best crises Marxists and Socialists create so that they can blame free enterprise and conservatives and demoralize highly productive people who saved all their life only to see the FED pop the Treasury bond bubble.
Still time left to take stock and profits when available.
One question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated?
But what if the socialists don't lose the Senate? That would likely hurt the market even more. So doesn't that mean the market has already priced in a free market victory… and if it happens, and more so if it doesn't happen, the market will probably drop after the election?
That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many of the vicious and idle were elected to the House and Senate.
World Markets
Asian markets were down last night. China's market was down -1.5%, Hong Kong down -1.9%, India down -1.1%, and Japan flat 0.1%.
European markets are down this morning in a range of about -0.4% to +1% about half way through their day.
US pre-market futures were down about -0.4% at 8:30 AM EST.
The CFTC has been investigating the recent manipulation of the price of silver. Inexperienced previously burned investors have been given a dishonest marketing blitz where silver is fraudulently depicted as a monetary metal like gold. That is untrue. Silver is a commodity like copper and is a byproduct of mining other metals as well as mining mineral itself so its availability increases rapidly with price.
It is true that India and China buy significant amounts of silver but it is not for savings or wealth, they actually eat silver along with a host of other exotic things like rhino horns and ducks feet in China and unusual plants in India.
See: http://www.incredibleindia.org/emailers/news_may05/news_may05.htm
What's that silver stuff on food? Is it safe to eat?
The silver stuff is called varakh. It is actually real silver, beaten really thin. It is usually found on Indian sweets, and yes, it's perfectly safe to eat. According to a feature article in a local magazine, a whopping 275 tons of silver is eaten annually in the form of foil.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
Yesterday
Case-Shiller 20-city Index Aug rose 1.7% from a year ago and is not inflationary.
Consumer Confidence Oct rose to 50.2% from 48.5%
FHFA Home Price Index Aug rose 0.4% after declining again last month. The housing market continues to bottom out but Obama continues to use it to redistribute wealth in the form of houses to people with drug and other problems that are still not asked about their means of support. Meanwhile Obama's half brother lives in a hut with a dirt floor in Kenya. They killed or drove out most of the Europeans there and redistributed the European's wealth. After you kill the golden goose there are no more golden eggs.
This Week
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 26 2010
When world interest rates are very low banks charge more up front in points to record an immediate profit. Banks do not like to give low interest long-term loans because inflation rapidly wipes out future bank profitability. So while rates are down, bank charges are up significantly. The FED plans to buy back (liquidate) longer-term treasuries starting again week. That is a smart government move but it will destroy union and other pension funds that will see higher long term inflation and lower long term rates. Basically this is one way Obama can steal from older Americans and make it look like Americans just don't know how to invest and need government help from cradle to grave. Depressions are some of the best crises Marxists and Socialists create so that they can blame free enterprise and conservatives and demoralize highly productive people who saved all their life only to see the FED pop the Treasury bond bubble.
Still time left to take stock and profits when available.
One question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated?
But what if the socialists don't lose the Senate? That would likely hurt the market even more. So doesn't that mean the market has already priced in a free market victory… and if it happens, and more so if it doesn't happen, the market will probably drop after the election?
That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume.
The Founding Fathers knew the importance of a government of laws protecting the skilled and hard working from the vicious and idle. Unfortunately many of the vicious and idle were elected to the House and Senate.
World Markets
Asian markets were down last night. China's market was down -1.5%, Hong Kong down -1.9%, India down -1.1%, and Japan flat 0.1%.
European markets are down this morning in a range of about -0.4% to +1% about half way through their day.
US pre-market futures were down about -0.4% at 8:30 AM EST.
Tuesday, October 26, 2010
Obama's Marxist idea of redistributing wealth to people of his own race means that he is trying to put America on the same path as Zimbabwe.
Obama's Marxist idea of redistributing wealth to people of his own race means that he is trying to put America on the same path as Zimbabwe. Fortunately we already know that does not work and we can still throw all the bums out. Barack Hussein Obama shares Robert Mugabe's racist form of Marxism. Marxists usually distribute the wealth to their government of mentally deranged political hacks who in Zimbabwe also liked to hack to pieces white farm families as well as black opponents. General Electric runs MSNBC, which is the American Marxist propaganda network. Obama has initiated a strike among other pro-Obama networks to refuse payment to Fox for Fox programming. This now has given them a pretext to send Obama thugs to investigate FOX News claiming that FOX does not follow communist orders. That could ultimately lead to Obama shutting down FOX News the way Obama's banana republic Marxist hero, Hugo Chavez, has shut down the critics of his tyranny.
Obama has put the USA into a liquidity trap similar to what FDR did in the Great Depression. This would explain the large cash holdings of corporations and little being invested. This also explains Obama's US Bond bubble which will devastate pension funds when it pops. The federal and state employee unions will insist the productive Americans be taxed extra high to bail them out because they all voted for Obama.
John P. Hussman, Ph.D. explained the trap in his blog this week. Here is an excerpt.
"There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is virtually absolute in the sense that almost everyone prefers cash to holding a debt at so low a rate of interest. In this event, the monetary authority would have lost effective control." John Maynard Keynes
One of the many controversies regarding Keynesian economic theory centers around the idea of a "liquidity trap." In the Hicksian interpretation of the liquidity trap, monetary policy transmits its effect on the real economy by way of interest rates. In that view, the loss of monetary control occurs because at some point, a further reduction of interest rates fails to stimulate additional demand for capital investment. Alternatively, monetary policy might transmit its effect on the real economy by directly altering the quantity of funds available to lend. In that view, a liquidity trap would be characterized by the failure of real investment and output to expand in response to increases in the monetary base (currency and reserves). In either case, the hallmark of a liquidity trap is that holdings of money become "infinitely elastic." As the monetary base is increased, banks, corporations and individuals simply choose to hold onto those additional money balances, with no effect on the real economy. . As interest rates decline toward zero (and especially if the Fed chooses to pay banks interest on cash reserves, which is presently the case), there is no effective difference between holding riskless debt securities (say, Treasury bills) and riskless cash balances, so additional cash balances are simply kept idle. See blog of John P. Hussman, Ph.D. for more details
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
Yesterday
Oct 25 10:00 AM Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
This Week
Oct 26 9:00 AM Case-Shiller 20-city Index Aug
Oct 26 10:00 AM Consumer Confidence Oct
Oct 26 10:00 AM FHFA Home Price Index Aug
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 26 2010
Still time left to take profits when available.
One question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated?
But what if the socialists don't lose the Senate? That would likely hurt the market even more. So doesn't that mean the market has already priced in a free market victory… and if it happens, and more so if it doesn't happen, the market will probably drop after the election?
That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume.
There is some evidence that long-term fund flows may be moving back to the stock market in anticipation that Marxists will be soundly defeated next week. Yet there is another report out now that retirement accounts are even more heavily invested in bonds in the biggest bond bubble in the history of the FED. When the bond bubble bursts the longer-term bondholders will be devastated along with retirees who need some money to live on now. Most pension funds will just try to hold the five-year (and less) bonds and collect the fixed interest over those years. Anyone who needs money quickly will take great losses.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt and an interest increase from 0.5% to just 2% would be a 300% increase in interest expense when bonds turn over. That is why spendthrift socialist countries want interest rates so low. Even Japan's national debt is more than their Gross National Product now. But the Japanese work hard so they are better off than the Greeks, Spanish, and French who have a lower debt to GNP ratio but more Marxists on the dole.
World Markets
Asian markets were down last night. China's market was down -0.3%, Hong Kong down -0.1%, India down -0.4%, and Taiwan down -0.2%.
European markets are down this morning in a range of about -0.5% to -1% about half way through their day.
US pre-market futures were down about -04% at 9:00 AM EST.
The best thing now for America is if Obama resigns from office and we can get all of his Marxist crony Czars out with him. Fat chance that happens. Well someone finally threw a book at him. President Bush had a Marxist Moslem reporter throw a shoe at him. To Moslem's, the heal of their shoe in your face is one of the biggest insults they have. They have a lot of religious rules and insults in the Koran. They only eat with their right hand because they are supposed to wipe their ass with their left and then clean it in the sand. Mohammed did not have toilet paper in his days.
The Moslems only religious claim on Jerusalem is that Mohammed visited Jerusalem when he died. The Big Bird called Barack (this is the absolute truth) carried Mohammed from his deathbed to Jerusalem and then up to his seventy virgins in heaven. That is why the Israelis get so angry when the Moslems say Mohammed visited Jerusalem and is therefore their sacred city too. Mohammed neither conquered nor even saw Jerusalem during his lifetime.
Obama has put the USA into a liquidity trap similar to what FDR did in the Great Depression. This would explain the large cash holdings of corporations and little being invested. This also explains Obama's US Bond bubble which will devastate pension funds when it pops. The federal and state employee unions will insist the productive Americans be taxed extra high to bail them out because they all voted for Obama.
John P. Hussman, Ph.D. explained the trap in his blog this week. Here is an excerpt.
"There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is virtually absolute in the sense that almost everyone prefers cash to holding a debt at so low a rate of interest. In this event, the monetary authority would have lost effective control." John Maynard Keynes
One of the many controversies regarding Keynesian economic theory centers around the idea of a "liquidity trap." In the Hicksian interpretation of the liquidity trap, monetary policy transmits its effect on the real economy by way of interest rates. In that view, the loss of monetary control occurs because at some point, a further reduction of interest rates fails to stimulate additional demand for capital investment. Alternatively, monetary policy might transmit its effect on the real economy by directly altering the quantity of funds available to lend. In that view, a liquidity trap would be characterized by the failure of real investment and output to expand in response to increases in the monetary base (currency and reserves). In either case, the hallmark of a liquidity trap is that holdings of money become "infinitely elastic." As the monetary base is increased, banks, corporations and individuals simply choose to hold onto those additional money balances, with no effect on the real economy. . As interest rates decline toward zero (and especially if the Fed chooses to pay banks interest on cash reserves, which is presently the case), there is no effective difference between holding riskless debt securities (say, Treasury bills) and riskless cash balances, so additional cash balances are simply kept idle. See blog of John P. Hussman, Ph.D. for more details
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
Yesterday
Oct 25 10:00 AM Existing Home Sales Sep rose to 4.5M vs. 4.1Million sales last month. That indicates housing has bottomed on its own now only a little more than a year since MSNBC said it did. GE/MSNBC/Pravda is a shill for Marxists.
This Week
Oct 26 9:00 AM Case-Shiller 20-city Index Aug
Oct 26 10:00 AM Consumer Confidence Oct
Oct 26 10:00 AM FHFA Home Price Index Aug
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 26 2010
Still time left to take profits when available.
One question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated?
But what if the socialists don't lose the Senate? That would likely hurt the market even more. So doesn't that mean the market has already priced in a free market victory… and if it happens, and more so if it doesn't happen, the market will probably drop after the election?
That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume.
There is some evidence that long-term fund flows may be moving back to the stock market in anticipation that Marxists will be soundly defeated next week. Yet there is another report out now that retirement accounts are even more heavily invested in bonds in the biggest bond bubble in the history of the FED. When the bond bubble bursts the longer-term bondholders will be devastated along with retirees who need some money to live on now. Most pension funds will just try to hold the five-year (and less) bonds and collect the fixed interest over those years. Anyone who needs money quickly will take great losses.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt and an interest increase from 0.5% to just 2% would be a 300% increase in interest expense when bonds turn over. That is why spendthrift socialist countries want interest rates so low. Even Japan's national debt is more than their Gross National Product now. But the Japanese work hard so they are better off than the Greeks, Spanish, and French who have a lower debt to GNP ratio but more Marxists on the dole.
World Markets
Asian markets were down last night. China's market was down -0.3%, Hong Kong down -0.1%, India down -0.4%, and Taiwan down -0.2%.
European markets are down this morning in a range of about -0.5% to -1% about half way through their day.
US pre-market futures were down about -04% at 9:00 AM EST.
The best thing now for America is if Obama resigns from office and we can get all of his Marxist crony Czars out with him. Fat chance that happens. Well someone finally threw a book at him. President Bush had a Marxist Moslem reporter throw a shoe at him. To Moslem's, the heal of their shoe in your face is one of the biggest insults they have. They have a lot of religious rules and insults in the Koran. They only eat with their right hand because they are supposed to wipe their ass with their left and then clean it in the sand. Mohammed did not have toilet paper in his days.
The Moslems only religious claim on Jerusalem is that Mohammed visited Jerusalem when he died. The Big Bird called Barack (this is the absolute truth) carried Mohammed from his deathbed to Jerusalem and then up to his seventy virgins in heaven. That is why the Israelis get so angry when the Moslems say Mohammed visited Jerusalem and is therefore their sacred city too. Mohammed neither conquered nor even saw Jerusalem during his lifetime.
Monday, October 25, 2010
For the good of America, Obama should resign from office. He and his Czars are the anchors of uncertainty holding down American economic recovery and
For the good of America, Obama should resign from office. He and his Czars are the anchors of uncertainty holding down American economic recovery and weighing down the world.
If he does not resign, Obama will be better off if he gets a Republican Congress and works with them as Clinton did.
The Republican leaders learned how arrogant and immature Republican Newt Gingrich became after the Republicans took Congress in 1994. Newt shut down Washington and then was forced to pay Washington workers for the time Washington was shut down. Republicans wondered how Newt Gingrich could be so immature, arrogant, and unprepared to not know the consequences of his Washington shutdown.
Newt's power went right to his head and he made such a fool of himself he can never ever recover again in his lifetime. Newt was so immature he actually believed he could broadcast his strategic political plans on his cell phone and expected it would make him look good. He looked instead like a dunce. He was in fact quite intelligent and a loss to the Republican Party because his immaturity and personal silliness severely damaged the credibility of conservatives.
The rich and mentally challenged socialist sympathizers (moderates) then took over the Republican Party and destroyed it by selecting Rumsfeld for a cabinet position. Colin Powell and Condoleezza Rice were great cabinet members but Rumsfeld unfortunately had the ear of President Bush. Rumsfeld arrogantly overextended America and especially the armed services. Rumsfeld was brutally cold to American soldiers. Let us hope that Republicans learned lessons from their mistakes since 1994.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
This Week
Oct 25 10:00 AM Existing Home Sales Sep
Oct 26 9:00 AM Case-Shiller 20-city Index Aug
Oct 26 10:00 AM Consumer Confidence Oct
Oct 26 10:00 AM FHFA Home Price Index Aug
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 25 2010
The question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated? What if the socialists don't lose the Senate? That would not likely help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens and more so if it doesn't happen, the market will probably drop after the election? That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on the partial recovery the past three days declined but still was higher than the average the last three months.
There is some evidence that fund flows may be moving to the stock market. Yet there is another report out now that retirement accounts are even more heavily invested in bonds in the biggest bond bubble in the history of the FED. When the bond bubble bursts the longer-term bondholders will be devastated along with retirees who need some money to live on now. Most pension funds will just try to hold the five-year (and less) bonds and collect the fixed interest over those years. Anyone who needs money quickly will take great losses.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt and an interest increase from 0.5% to just 2% would be a 300% increase in interest expense when bonds turn over.
World Markets
Asian markets were up last night. China's market was up 3.6%, Hong Kong up 0.5%, India up 0.7%, and Taiwan up 1.7%.
European markets are up this morning in a range of about 0.2% to +0.6% about half way through their day.
US pre-market futures were up in a range 0.5% to 0.7% at 8:00 AM EST.
The best thing now for America is if Obama resigns from office and we can get all of his Marxist Czars out with him.
If he does not resign, Obama will be better off if he gets a Republican Congress and works with them as Clinton did.
The Republican leaders learned how arrogant and immature Republican Newt Gingrich became after the Republicans took Congress in 1994. Newt shut down Washington and then was forced to pay Washington workers for the time Washington was shut down. Republicans wondered how Newt Gingrich could be so immature, arrogant, and unprepared to not know the consequences of his Washington shutdown.
Newt's power went right to his head and he made such a fool of himself he can never ever recover again in his lifetime. Newt was so immature he actually believed he could broadcast his strategic political plans on his cell phone and expected it would make him look good. He looked instead like a dunce. He was in fact quite intelligent and a loss to the Republican Party because his immaturity and personal silliness severely damaged the credibility of conservatives.
The rich and mentally challenged socialist sympathizers (moderates) then took over the Republican Party and destroyed it by selecting Rumsfeld for a cabinet position. Colin Powell and Condoleezza Rice were great cabinet members but Rumsfeld unfortunately had the ear of President Bush. Rumsfeld arrogantly overextended America and especially the armed services. Rumsfeld was brutally cold to American soldiers. Let us hope that Republicans learned lessons from their mistakes since 1994.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China continues to lead Asia and the world out of the recession. Obama continues to be a Marxist anchor and will continue weighing down the American economy with uncertainty until he is ejected or resigns from office.
Economic Calendar
This Week
Oct 25 10:00 AM Existing Home Sales Sep
Oct 26 9:00 AM Case-Shiller 20-city Index Aug
Oct 26 10:00 AM Consumer Confidence Oct
Oct 26 10:00 AM FHFA Home Price Index Aug
Oct 27 7:00 AM MBA Mortgage Applications 10/22
Oct 27 8:30 AM Durable Orders Sep
Oct 27 8:30 AM Durable Orders - ex transporation Aug - 0.5% 0.1% 2.0% -
Oct 27 10:00 AM New Home Sales Sep
Oct 27 10:30 AM Crude Inventories 10/23 -
Oct 28 8:30 AM Initial Claims 10/23 -
Oct 28 8:30 AM Continuing Claims 10/16 -
Oct 29 8:30 AM GDP-Adv. Q3 -
Oct 29 8:30 AM Chain Deflator-Adv. Q3 -
Oct 29 8:30 AM Employment Cost Index Q3 -
Oct 29 9:45 AM Chicago PMI Oct -
Oct 29 9:55 AM Michigan Sentiment Final Oct
Market Outlook Oct 25 2010
The question is whether the market is high now on rumor and about to drop on Election Day when the socialists are defeated? What if the socialists don't lose the Senate? That would not likely help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens and more so if it doesn't happen, the market will probably drop after the election? That is why we are taking profits now. We hope you got out near the top. Volume on the declines was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on the partial recovery the past three days declined but still was higher than the average the last three months.
There is some evidence that fund flows may be moving to the stock market. Yet there is another report out now that retirement accounts are even more heavily invested in bonds in the biggest bond bubble in the history of the FED. When the bond bubble bursts the longer-term bondholders will be devastated along with retirees who need some money to live on now. Most pension funds will just try to hold the five-year (and less) bonds and collect the fixed interest over those years. Anyone who needs money quickly will take great losses.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt and an interest increase from 0.5% to just 2% would be a 300% increase in interest expense when bonds turn over.
World Markets
Asian markets were up last night. China's market was up 3.6%, Hong Kong up 0.5%, India up 0.7%, and Taiwan up 1.7%.
European markets are up this morning in a range of about 0.2% to +0.6% about half way through their day.
US pre-market futures were up in a range 0.5% to 0.7% at 8:00 AM EST.
The best thing now for America is if Obama resigns from office and we can get all of his Marxist Czars out with him.
Friday, October 22, 2010
Obama is a corrupt un-American anti-American Marxist
Obama is a corrupt un-American anti-American Marxist. He attacked the Chamber of Commerce entirely because they gave contributions to conservatives. Americans believe government leaders who use intimidation and prosecution to undermine democracy are corrupt, un-American and anti-American. Obama and other anti-American Marxists typically sue political opponents to have their names removed from the ballot. It often works because conservative candidates are not flooded with money before they begin to campaign, so conservatives are less likely to mount a legal defense.
The American Chamber of Commerce gives to people who they believe are good for America and the American economy and they happen to be conservatives of both parties. Obama now has four government agencies harassing the American Chamber of Commerce for that.
The socialist government-employee unions collected more than the American Chamber of Commerce and gave it entirely to Obama-Pelosi-Reed socialists and Marxists who come almost entirely from the Marxist-Reed-Pelosi-Obama party. That is what the Marxists demand that all American corporations do.
Obama-Marxist-Pelosi-Reed economics is destroying the American economy. The Marxists want a Great Depression so they can expand their voter base of non-productive vicious and idle people and collapse the American government. Then they will do what all communist revolutions have done. They will kill patriotic and productive Americans and redistribute that wealth until all patriots are dead and every remaining revolutionary is a vile, hateful, envious, violent, vicious, and idle communist. Lets hope we can throw all the Obama Marxists out of office before history records the Marxist killing fields of America. Americans will not give in to Obama communists without a fight.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Many people who care about the idle, and possibly have family members who cannot hold jobs... know that addictions and psychological problems are the primary reasons people still cannot hold down jobs in America in normal good times. Prior to 1914 there were no laws against narcotics and other addictive vices and the problem has been with humans for more than 1000 years. The Founding Fathers were well aquatinted with the problem and the viciousness that goes with the brain damage that is done by alcohol and drugs. The British made a fortune in the 1800s developing opium plantations in India and distributing the opium to the vast market in China.
Americans never exploited the Chinese. In fact the American Christians sent many missionaries to help the Chinese and educate children in Christian orphanages. And American troops helped drive out and defeat the Japanese invaders. The Chinese in return fed and protected the American pilots that ran out of fuel over China on Japanese bombing missions. So for all of history thus far, Americans have had no direct conflict with China. That is quite remarkable and something to be proud about. It gives us hope that one day China will join us and be free and not the other way around as the vicious idle anti-American Obama wants.
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China has resumed growth and stabilized their housing prices and market. China raised key rates. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist Obama, Pelosi, Reed democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration imagines they know. The Chinese understand that when the economy is contracting… declining interest rates only encourage corporations to defer expansion for even lower rates before borrowing and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations want to expand when they see deflation has ended and the opportunity costs will only rise in the future.
Goldman Sucks is going to pay off Warren Buffet's investment soon because the FED still has such low rates. Socialists or Marxists like George Soros now head many large international corporations. That happens more and more as socialism and Marxism take over governments, browbeat formerly free corporations like the American Chamber of Commerce, and install government appointed CEOs like they did at GM (Government Motors). GM is now the American equivalent of the 1970s East German Trabbit Motors. All corporations run by socialists and Marxists suck. Goldman Sucks, GE Sucks, GM Sucks, etc. As long as Americans elect Marxists and socialists to office, more wealth will accrue to Marxist CEOs like George Soros.
The leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Marxist Obama administration just doesn't get it yet.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is only what the Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
MBA Mortgage Applications 10/15 down -10.5% this past month after improving 14.6% the previous month. Very bad but perhaps a side effect of Obama intervention into foreclosures and Fannie and Freddie go bankrupt covering defaults.
Crude Inventories 10/16 are very low at 0.7M and prices break $3/gal at many gas stations.
FED's Beige Book Oct says the economy is no longer decelerating but the pace of growth has remained flat in recent weeks, according to the latest Federal Reserve survey.
Yesterday statistics were loaded with Marxist revisionism.
Initial Claims 10/16 Obama revised last weeks numbers from 462K to 475K so that they could reduce this week's number from 465K to 452K. Note that this week's number would be 465K and higher than the 462K reported last week without the Marxist Obama manipulation.
Continuing Claims 10/09 are now at 4441K up from the 4399K originally reported number last week. But like a true Communist, Obama also had last week's number reported this week as 4450K so that it is now higher than this week's number. Obama and communists in general are vicious and idle corrupt frauds.
Leading Indicators Sep were up 0.3% like last month until the Marxist lowered last month's 0.3% down to 0.1% so they could show an improvement.
Philadelphia Fed Oct survey of business opinion of economic health improved 1% after being down -0.7% last month
Market Outlook Oct 22 2010
We hope you got out near the top. Volume on the decline was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on the partial recovery the past two days declined but still was higher than the average the last three months. There is evidence that fund flows may be improving to the stock market.
Airline profit margins are once again growing but they are all heavily in debt and once inflation and interest rates rise most will be facing bankruptcy.
The American technology companies are still seeing profits by cost cutting and layoffs of employees. But their revenues have been declining for two years and now their operating margins are declining. Unless America returns to American free enterprise and individual liberty principles, another socialist FDR depression or worse could still happen.
The question is whether the market is high now on rumor but about to drop on Election Day when the socialists are thrown out? What if the socialists don't lose the Senate? That would not help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens or if it doesn't happen the market will drop after the election? That is why we are taking profits now.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt. If the jackasses in Congress are thrown out of office in two weeks, QE2 could be so small and commodity prices could return to normal (the gold and commodity bubbles would collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
There is another more innocent way to view the FED's QE2. If what they are doing simply amounts to calling in high interest government debt then that makes as much sense as corporations calling in high interest corporate bonds. But it will then rob retirement accounts of longer-term interest and they will probably move into other equities. American fixed income seniors will be hurt badly. Investors will be paid with freshly printed American dollars and fixed income seniors will see higher prices. It will not flatten the interest rate curve because industry will not be able to do the same. The FED may do it in large but fewer chunks in an attempt to get inflation stable between 2% and 4%. This has never been executed successfully before by any country. But can it be stopped once it is started. What if George Soros then attacks the American Currency and China and Japan stop buying American debt. Then America might have to devalue the dollar and that would shake up the entire world and we could have a worldwide depression. Then the Marxist Obama administration could take on emergency power and perhaps that is why he wants to have a domestic army under his direct command. This is no secret, he said we needed one back in 2008 and they say it is part of the Obamacare bill which no one has read yet.
World Markets
Asian markets were flat last night. China's market was down -0.3%, Hong Kong down -0.6%, India down -0.5%, and Japan up 0.5%.
European markets are flat this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were up in a range 0.3% to 0.5% at 9:00 AM EST.
The American Chamber of Commerce gives to people who they believe are good for America and the American economy and they happen to be conservatives of both parties. Obama now has four government agencies harassing the American Chamber of Commerce for that.
The socialist government-employee unions collected more than the American Chamber of Commerce and gave it entirely to Obama-Pelosi-Reed socialists and Marxists who come almost entirely from the Marxist-Reed-Pelosi-Obama party. That is what the Marxists demand that all American corporations do.
Obama-Marxist-Pelosi-Reed economics is destroying the American economy. The Marxists want a Great Depression so they can expand their voter base of non-productive vicious and idle people and collapse the American government. Then they will do what all communist revolutions have done. They will kill patriotic and productive Americans and redistribute that wealth until all patriots are dead and every remaining revolutionary is a vile, hateful, envious, violent, vicious, and idle communist. Lets hope we can throw all the Obama Marxists out of office before history records the Marxist killing fields of America. Americans will not give in to Obama communists without a fight.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Many people who care about the idle, and possibly have family members who cannot hold jobs... know that addictions and psychological problems are the primary reasons people still cannot hold down jobs in America in normal good times. Prior to 1914 there were no laws against narcotics and other addictive vices and the problem has been with humans for more than 1000 years. The Founding Fathers were well aquatinted with the problem and the viciousness that goes with the brain damage that is done by alcohol and drugs. The British made a fortune in the 1800s developing opium plantations in India and distributing the opium to the vast market in China.
Americans never exploited the Chinese. In fact the American Christians sent many missionaries to help the Chinese and educate children in Christian orphanages. And American troops helped drive out and defeat the Japanese invaders. The Chinese in return fed and protected the American pilots that ran out of fuel over China on Japanese bombing missions. So for all of history thus far, Americans have had no direct conflict with China. That is quite remarkable and something to be proud about. It gives us hope that one day China will join us and be free and not the other way around as the vicious idle anti-American Obama wants.
Thomas Jefferson to P. Dupont in 1816 wrote; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
In 1824 Thomas Jefferson the founder the Democratic Party also wrote (note in Tracy's Political Economy, 1816), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
World Markets:
China has resumed growth and stabilized their housing prices and market. China raised key rates. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist Obama, Pelosi, Reed democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration imagines they know. The Chinese understand that when the economy is contracting… declining interest rates only encourage corporations to defer expansion for even lower rates before borrowing and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations want to expand when they see deflation has ended and the opportunity costs will only rise in the future.
Goldman Sucks is going to pay off Warren Buffet's investment soon because the FED still has such low rates. Socialists or Marxists like George Soros now head many large international corporations. That happens more and more as socialism and Marxism take over governments, browbeat formerly free corporations like the American Chamber of Commerce, and install government appointed CEOs like they did at GM (Government Motors). GM is now the American equivalent of the 1970s East German Trabbit Motors. All corporations run by socialists and Marxists suck. Goldman Sucks, GE Sucks, GM Sucks, etc. As long as Americans elect Marxists and socialists to office, more wealth will accrue to Marxist CEOs like George Soros.
The leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Marxist Obama administration just doesn't get it yet.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is only what the Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
MBA Mortgage Applications 10/15 down -10.5% this past month after improving 14.6% the previous month. Very bad but perhaps a side effect of Obama intervention into foreclosures and Fannie and Freddie go bankrupt covering defaults.
Crude Inventories 10/16 are very low at 0.7M and prices break $3/gal at many gas stations.
FED's Beige Book Oct says the economy is no longer decelerating but the pace of growth has remained flat in recent weeks, according to the latest Federal Reserve survey.
Yesterday statistics were loaded with Marxist revisionism.
Initial Claims 10/16 Obama revised last weeks numbers from 462K to 475K so that they could reduce this week's number from 465K to 452K. Note that this week's number would be 465K and higher than the 462K reported last week without the Marxist Obama manipulation.
Continuing Claims 10/09 are now at 4441K up from the 4399K originally reported number last week. But like a true Communist, Obama also had last week's number reported this week as 4450K so that it is now higher than this week's number. Obama and communists in general are vicious and idle corrupt frauds.
Leading Indicators Sep were up 0.3% like last month until the Marxist lowered last month's 0.3% down to 0.1% so they could show an improvement.
Philadelphia Fed Oct survey of business opinion of economic health improved 1% after being down -0.7% last month
Market Outlook Oct 22 2010
We hope you got out near the top. Volume on the decline was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on the partial recovery the past two days declined but still was higher than the average the last three months. There is evidence that fund flows may be improving to the stock market.
Airline profit margins are once again growing but they are all heavily in debt and once inflation and interest rates rise most will be facing bankruptcy.
The American technology companies are still seeing profits by cost cutting and layoffs of employees. But their revenues have been declining for two years and now their operating margins are declining. Unless America returns to American free enterprise and individual liberty principles, another socialist FDR depression or worse could still happen.
The question is whether the market is high now on rumor but about to drop on Election Day when the socialists are thrown out? What if the socialists don't lose the Senate? That would not help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens or if it doesn't happen the market will drop after the election? That is why we are taking profits now.
Debtors will be subjected to unrelenting pressure the moment interest rates start to rise because there is so much debt. If the jackasses in Congress are thrown out of office in two weeks, QE2 could be so small and commodity prices could return to normal (the gold and commodity bubbles would collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
There is another more innocent way to view the FED's QE2. If what they are doing simply amounts to calling in high interest government debt then that makes as much sense as corporations calling in high interest corporate bonds. But it will then rob retirement accounts of longer-term interest and they will probably move into other equities. American fixed income seniors will be hurt badly. Investors will be paid with freshly printed American dollars and fixed income seniors will see higher prices. It will not flatten the interest rate curve because industry will not be able to do the same. The FED may do it in large but fewer chunks in an attempt to get inflation stable between 2% and 4%. This has never been executed successfully before by any country. But can it be stopped once it is started. What if George Soros then attacks the American Currency and China and Japan stop buying American debt. Then America might have to devalue the dollar and that would shake up the entire world and we could have a worldwide depression. Then the Marxist Obama administration could take on emergency power and perhaps that is why he wants to have a domestic army under his direct command. This is no secret, he said we needed one back in 2008 and they say it is part of the Obamacare bill which no one has read yet.
World Markets
Asian markets were flat last night. China's market was down -0.3%, Hong Kong down -0.6%, India down -0.5%, and Japan up 0.5%.
European markets are flat this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were up in a range 0.3% to 0.5% at 9:00 AM EST.
Thursday, October 21, 2010
The business world has been showing strength now for more than six months.
The business world has been showing strength now for more than six months.
Business travel has begun to pick up but job growth is lagging. The number of people on social services is now staggering as most of Obama's fictional stimulus package went to stimulating the growth of the population of American indigents who chose a Haitian life style where they are low stressed, don't worry, and are happy. Obama thought that group would get the economy going quicker because they can't hold on to a nickel too long (as Pelosi said the experts told her). You see that gets the money into circulation faster than small businesses can according to Pelosi and Obama's advisors. Unfortunately they were correct except they did not stimulate job creation. They only stimulated the drug cartels as gangsters fought to control American drug flow. The Obama administration has stopped the FBI from closing down the marihuana business in California because that would cost socialist democrats even more of their votes come November.
World Markets:
China has resumed growth and stabilized their housing prices and market. China raised key rates. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration knows. The Chinese understand that when the economy is contracting… declining interest rates only encourage corporations to wait for even lower rates before borrowing and expanding and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations what to expand when they see deflation has ended and the opportunity costs will only rise in the future. Goldman Sucks is going to pay off Warren Buffet's investment soon because the FED still has such low rates.
But the leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Obama administration just doesn't get it.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is only what the Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
MBA Mortgage Applications 10/15 down -10.5% this past month after improving 14.6% the previous month. Very bad but perhaps a side effect of Obama intervention into foreclosures and Fannie and Freddie go bankrupt covering defaults.
Crude Inventories 10/16 are very low at 0.7M and prices break $3/gal at many gas stations.
FED's Beige Book Oct says the economy is no longer decelerating but the pace of growth has remained flat in recent weeks, according to the latest Federal Reserve survey.
Today
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 21 2010
We hope you got out near the top. Once again GE/MSNBC/Pravda/Cramer got his listeners back into the stock market near the peak. Volume on the decline was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on yesterday's partial recovery declined but still was relatively high.
The question is whether the market is high now on rumor but about to drop on Election Day when the socialists are thrown out? What if the socialists don't lose the Senate? That would not help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens or if it doesn't happen the market will drop after the election?
Debt will fall under unrelenting pressure the moment interest rates start to rise because there is so much debt. If the jackasses in Congress are thrown out of office in two weeks, QE2 may be so small and commodity prices could return to normal (the gold and commodity bubbles would collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were flat last night. China's market was down -0.7%, Hong Kong up 0.4%, India up 2%, and Japan down -0.1%.
European markets are higher this morning in a range of about 0.7% to +1.1% about half way through their day.
US pre-market futures were up in a range 0.6% to 0.8% at 8:00 AM EST.
Business travel has begun to pick up but job growth is lagging. The number of people on social services is now staggering as most of Obama's fictional stimulus package went to stimulating the growth of the population of American indigents who chose a Haitian life style where they are low stressed, don't worry, and are happy. Obama thought that group would get the economy going quicker because they can't hold on to a nickel too long (as Pelosi said the experts told her). You see that gets the money into circulation faster than small businesses can according to Pelosi and Obama's advisors. Unfortunately they were correct except they did not stimulate job creation. They only stimulated the drug cartels as gangsters fought to control American drug flow. The Obama administration has stopped the FBI from closing down the marihuana business in California because that would cost socialist democrats even more of their votes come November.
World Markets:
China has resumed growth and stabilized their housing prices and market. China raised key rates. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration knows. The Chinese understand that when the economy is contracting… declining interest rates only encourage corporations to wait for even lower rates before borrowing and expanding and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations what to expand when they see deflation has ended and the opportunity costs will only rise in the future. Goldman Sucks is going to pay off Warren Buffet's investment soon because the FED still has such low rates.
But the leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Obama administration just doesn't get it.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is only what the Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
MBA Mortgage Applications 10/15 down -10.5% this past month after improving 14.6% the previous month. Very bad but perhaps a side effect of Obama intervention into foreclosures and Fannie and Freddie go bankrupt covering defaults.
Crude Inventories 10/16 are very low at 0.7M and prices break $3/gal at many gas stations.
FED's Beige Book Oct says the economy is no longer decelerating but the pace of growth has remained flat in recent weeks, according to the latest Federal Reserve survey.
Today
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 21 2010
We hope you got out near the top. Once again GE/MSNBC/Pravda/Cramer got his listeners back into the stock market near the peak. Volume on the decline was almost 30% higher than the recent past and close to what had once been normal exchange volume. The volume on yesterday's partial recovery declined but still was relatively high.
The question is whether the market is high now on rumor but about to drop on Election Day when the socialists are thrown out? What if the socialists don't lose the Senate? That would not help the market go up either. So doesn't that mean the market has already priced in a free market victory and when it happens or if it doesn't happen the market will drop after the election?
Debt will fall under unrelenting pressure the moment interest rates start to rise because there is so much debt. If the jackasses in Congress are thrown out of office in two weeks, QE2 may be so small and commodity prices could return to normal (the gold and commodity bubbles would collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were flat last night. China's market was down -0.7%, Hong Kong up 0.4%, India up 2%, and Japan down -0.1%.
European markets are higher this morning in a range of about 0.7% to +1.1% about half way through their day.
US pre-market futures were up in a range 0.6% to 0.8% at 8:00 AM EST.
Wednesday, October 20, 2010
When it comes to rotten companies there are few more rotten to the core than General Electric (GE)
When it comes to rotten companies there are few more rotten to the core than General Electric (GE)
Protect America is the home security division of General Electric. It is supposed to detect intruders and automatically cal the police. As best I can make out from the complaints about the way GE operates, they have the homeowner themselves usually install the GE system with guidance from a technician over the phone. They do a test and Protect America says it works fine. But the check is not to the police who were supposed to be notified if there is a break-in. The homeowner tends to be very careful not to accidentally trigger a false alarm, so the homeowner does not know if it is hooked up and actually working.
Then after a few months the GE alarm box starts making loud beep noises periodically at night. So the homeowner disarms it when they are home and loses the "supposed" protection from intruders that they see advertised on TV. So the homeowner eventually calls and asks for help but the problem keeps happening again because the equipment is defective and of course GE implies the homeowner set it up wrong and the homeowner is at fault. So the homeowner asks if Protect America can send a technician but GE only has GE help in Texas and for 90 % of the customers it would cost $100 to $200 for a visit by a private contractor. Ge does not want any outsider contractors involved because GE defective products would be exposed. So the homeowners decide to only use the equipment when they leave the house for several hours.
Now the homeowner eventually returns one day and finds the alarm ringing and there is no break-in and no police. How strange he thinks that after a year he never saw the equipment function properly. Perhaps it has never worked at all…he wonders? So he sets it off deliberately and goes outside worried about how he would explain a false alarm. But the police don't show up and now he knows he has paid General Electric over a year for a service that does not work at all. General Electric obviously knows that there is a one in a million chance that someone will rob a home with a sign outside that says it has an alarm system... so GE can get away with selling defective services because chances are the homeowner will never find out.
So the homeowner calls General Electric and demands his money back and that the service be canceled. He is told he cannot get out of the contract and owes half a year yet. He is told that if he does not continue the monthly payments they will turn him over to a collection agency and ruin his credit rating for five years. He then notices over the next few days that his answering machine gets two or three strange computer calls as though Protect America is verifying that his GE service is indeed not functional. Then a GE technician finally calls and tells him to do a few things and suddenly the system actually seems to work for a while. But by now he is so pissed off he disconnects it and plugs it in outside where its continuous nightly beeping keeps the field mice, chipmunks, skunks, and other intruders away from the house. Finally he has found a good use for the GE Protect America system. He keeps the GE sign up because that is the only thing that helped protect his home for the last two years. And General Electric only charged $29 per month for the sign on the lawn. That is how GE sells defective products and makes incredible profits. That is why our government spends so much on GE waste and why much of the free world's defense system is at risk while GE profits. Check it out and Google the thousands of complaints on the web for General Electric/MSNBC/Pravda's leftist support and non-functional products and dysfunctional advice.
Just think how dangerous it is to put our lives in the hands of the GE/MSNBC/Pravda/Marxists. They hate America and everything America stands for except they apparently want our money redistributed to them. You can find the following and much more on the web.
By Bill O'Reilly
As you may know, NBC News has emerged as the most pro-Obama TV news operation in the country. Its cable news operation openly shills for the president and did so during the election. And when some CNBC financial commentators began criticizing Mr. Obama, General Electric CEO Jeff Immelt and NBC President Jeff Zucker went over to CNBC in person to deal with the situation. GE owns NBC.
Since that time, very little criticism of the president has been heard on CNBC. Perhaps it's just a coincidence.
On April 23, I reported that GE is heavily investing in green technology, and if the carbon tax is passed GE will try to get billions of dollars in contracts in the cap and trade program. Because GE is in big trouble — already receiving $139 billion in federal insurance to shore up its financial arm — it is now going full-tilt to get more federal dollars.
According to reporting by Andrew Wilkow, a Sirius radio host, GE is banking on government-ordered computerized health records. If that passes, GE's technology could be used, earning the company billions.
To make that happen, GE has appointed former Senator Tom Daschle to its health advisory board. Daschle, you may remember, was President Obama's choice as secretary of Health and Human Services until a tax scandal derailed him. But there is no question Daschle has big time connections to the Obama White House. We asked the senator for an interview. So far, he's ducking us.
So obviously there is a huge conflict of interest here. NBC News is in the tank for Obama, even as its parent company is trying to secure billions from the feds. And if you don't believe me, listen to Obama adviser Kareem Dale at foxnews.com/story/0,2933,520548,00.html
End of the FOX commentary.
GE/MSNBC/Pravda/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves the way Obama got his wife a $300,000/yr job.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because big corrupt Marxists governments love big corporate political support and discrete personal contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric is rewarded with national defense related contracts by the leftists in American government. GE/MSNBC/Pravda/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving battlefield terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
If alive today, Jefferson, the founder of the Democratic Party would be horrified that his party is now run by socialist and marxist jackasses. Jefferson was against destroying democracy by using a majority vote to expropriate the earnings of any more skilled and industrious minority that earns more. He called that tyranny.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow American tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rise up with the American people to overthrow the Marxist jackasses and the jackass controlled corporations (like GE) that support leftists and manage their propaganda.
America can do well by not buying General Electric /MSNBC/Pravda products. America could save a lot of money by buying American… not GE/MSNBC/Pravda waste.
World Markets:
Do the French own General Electric too? France is the current poster child for showing how socialism expands chaos by expanding government cradle to the grave dependency. Even the doctors in France go on strike, but they announce the dates in the newspapers so that union slackers can better plan when to fake their illnesses. Greece became this year's socialist union poster child for violence when their rioting socialists burned a few bank employees alive. Obama is planning to run busses to bring his people to the polls on Election Day. Obama's ACORN community activist followers bring them and tell them to vote early and how to vote often. You need a bus to go from voting precinct to precinct to vote. That is why the corrupt leftists need busses. They ain't just voting locally down the street.
China has resumed growth and stabilized their housing prices and market. China raised key rates for the 1st time since 2008. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration knows. The Chinese understand that when the economy is contracting… declining rates only encourage corporations to wait for even lower rates before borrowing and expanding and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations what to expand when they see deflation has ended and the opportunity costs will only rise in the future.
But the leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Obama administration just doesn't get it.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is what the Marxists Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
Today
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM FED's Beige Book Oct
This week
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 20 2010
We hope you got out near the top. Once again GE/MSNBC/Pravda/Cramer got his listeners back into the stock market near the peak and Jim Cramer is upset the market doesn't listen to him.
Debt will fall under unrelenting pressure the moment interest rates start to rise because there is so much debt. It is like a margin call for high debt corporations like GE/MSNBC/Pravda. So GE may not be interested in an American recovery. Marxist leaning GE CEOs may be more interested in China's recovery. China's market alone stayed up last night while other markets sold off.
If the jackasses in Congress are thrown out of office in two weeks, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were down last night. China's market was up 0.1%, Hong Kong down -0.9%, India down -0.6%, and Japan down -1.7%.
European markets are slightly higher this morning in a range of about 0.1% to +0.5% about half way through their day.
US pre-market futures were up in a range 0.3% to 0.5% at 8:00 AM EST.
Protect America is the home security division of General Electric. It is supposed to detect intruders and automatically cal the police. As best I can make out from the complaints about the way GE operates, they have the homeowner themselves usually install the GE system with guidance from a technician over the phone. They do a test and Protect America says it works fine. But the check is not to the police who were supposed to be notified if there is a break-in. The homeowner tends to be very careful not to accidentally trigger a false alarm, so the homeowner does not know if it is hooked up and actually working.
Then after a few months the GE alarm box starts making loud beep noises periodically at night. So the homeowner disarms it when they are home and loses the "supposed" protection from intruders that they see advertised on TV. So the homeowner eventually calls and asks for help but the problem keeps happening again because the equipment is defective and of course GE implies the homeowner set it up wrong and the homeowner is at fault. So the homeowner asks if Protect America can send a technician but GE only has GE help in Texas and for 90 % of the customers it would cost $100 to $200 for a visit by a private contractor. Ge does not want any outsider contractors involved because GE defective products would be exposed. So the homeowners decide to only use the equipment when they leave the house for several hours.
Now the homeowner eventually returns one day and finds the alarm ringing and there is no break-in and no police. How strange he thinks that after a year he never saw the equipment function properly. Perhaps it has never worked at all…he wonders? So he sets it off deliberately and goes outside worried about how he would explain a false alarm. But the police don't show up and now he knows he has paid General Electric over a year for a service that does not work at all. General Electric obviously knows that there is a one in a million chance that someone will rob a home with a sign outside that says it has an alarm system... so GE can get away with selling defective services because chances are the homeowner will never find out.
So the homeowner calls General Electric and demands his money back and that the service be canceled. He is told he cannot get out of the contract and owes half a year yet. He is told that if he does not continue the monthly payments they will turn him over to a collection agency and ruin his credit rating for five years. He then notices over the next few days that his answering machine gets two or three strange computer calls as though Protect America is verifying that his GE service is indeed not functional. Then a GE technician finally calls and tells him to do a few things and suddenly the system actually seems to work for a while. But by now he is so pissed off he disconnects it and plugs it in outside where its continuous nightly beeping keeps the field mice, chipmunks, skunks, and other intruders away from the house. Finally he has found a good use for the GE Protect America system. He keeps the GE sign up because that is the only thing that helped protect his home for the last two years. And General Electric only charged $29 per month for the sign on the lawn. That is how GE sells defective products and makes incredible profits. That is why our government spends so much on GE waste and why much of the free world's defense system is at risk while GE profits. Check it out and Google the thousands of complaints on the web for General Electric/MSNBC/Pravda's leftist support and non-functional products and dysfunctional advice.
Just think how dangerous it is to put our lives in the hands of the GE/MSNBC/Pravda/Marxists. They hate America and everything America stands for except they apparently want our money redistributed to them. You can find the following and much more on the web.
By Bill O'Reilly
As you may know, NBC News has emerged as the most pro-Obama TV news operation in the country. Its cable news operation openly shills for the president and did so during the election. And when some CNBC financial commentators began criticizing Mr. Obama, General Electric CEO Jeff Immelt and NBC President Jeff Zucker went over to CNBC in person to deal with the situation. GE owns NBC.
Since that time, very little criticism of the president has been heard on CNBC. Perhaps it's just a coincidence.
On April 23, I reported that GE is heavily investing in green technology, and if the carbon tax is passed GE will try to get billions of dollars in contracts in the cap and trade program. Because GE is in big trouble — already receiving $139 billion in federal insurance to shore up its financial arm — it is now going full-tilt to get more federal dollars.
According to reporting by Andrew Wilkow, a Sirius radio host, GE is banking on government-ordered computerized health records. If that passes, GE's technology could be used, earning the company billions.
To make that happen, GE has appointed former Senator Tom Daschle to its health advisory board. Daschle, you may remember, was President Obama's choice as secretary of Health and Human Services until a tax scandal derailed him. But there is no question Daschle has big time connections to the Obama White House. We asked the senator for an interview. So far, he's ducking us.
So obviously there is a huge conflict of interest here. NBC News is in the tank for Obama, even as its parent company is trying to secure billions from the feds. And if you don't believe me, listen to Obama adviser Kareem Dale at foxnews.com/story/0,2933,520548,00.html
End of the FOX commentary.
GE/MSNBC/Pravda/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves the way Obama got his wife a $300,000/yr job.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because big corrupt Marxists governments love big corporate political support and discrete personal contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric is rewarded with national defense related contracts by the leftists in American government. GE/MSNBC/Pravda/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving battlefield terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
If alive today, Jefferson, the founder of the Democratic Party would be horrified that his party is now run by socialist and marxist jackasses. Jefferson was against destroying democracy by using a majority vote to expropriate the earnings of any more skilled and industrious minority that earns more. He called that tyranny.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow American tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rise up with the American people to overthrow the Marxist jackasses and the jackass controlled corporations (like GE) that support leftists and manage their propaganda.
America can do well by not buying General Electric /MSNBC/Pravda products. America could save a lot of money by buying American… not GE/MSNBC/Pravda waste.
World Markets:
Do the French own General Electric too? France is the current poster child for showing how socialism expands chaos by expanding government cradle to the grave dependency. Even the doctors in France go on strike, but they announce the dates in the newspapers so that union slackers can better plan when to fake their illnesses. Greece became this year's socialist union poster child for violence when their rioting socialists burned a few bank employees alive. Obama is planning to run busses to bring his people to the polls on Election Day. Obama's ACORN community activist followers bring them and tell them to vote early and how to vote often. You need a bus to go from voting precinct to precinct to vote. That is why the corrupt leftists need busses. They ain't just voting locally down the street.
China has resumed growth and stabilized their housing prices and market. China raised key rates for the 1st time since 2008. That is the way America would do it if we had an American president not one who claims to be American but acts like a communist. The Chinese have been acting more like Americans lately than the American Marxist democrats.
By raising interest rates very slightly the Chinese show they understand more about free markets than the Marxist Obama administration knows. The Chinese understand that when the economy is contracting… declining rates only encourage corporations to wait for even lower rates before borrowing and expanding and hiring. That is the reason for the saying that banks cannot push on a string. Banks can lower rates but corporations and people just will not borrow until they see interest rates or commodity prices begin to rise. People want to get a home when the mortgage rates are lowest and home prices are starting to rise. Corporations what to expand when they see deflation has ended and the opportunity costs will only rise in the future.
But the leftist Obama administration is too incompetent and stupid to understand capitalism and consequently they do not understand that rising interest rates signify the bottom of the economic cycle and that it is time to begin business expansion in anticipation of recovery and higher inflation. Yes, China is now sending the signal that they are once again growing their economy… but the Obama administration just doesn't get it.
Economic Calendar
Remember the Obama Marxists like to manipulate this kind of economic data. It may have little relationship to reality and is what the Marxists Obama administration wants Americans to think.
So far this week
Net long-term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Housing Starts Sept were relatively flat at 610,000 last month
Building Permits Sep were down sharply by 30,000 to 539K… not good.
China raised rates signaling the recession is behind them.
Today
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM FED's Beige Book Oct
This week
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 20 2010
We hope you got out near the top. Once again GE/MSNBC/Pravda/Cramer got his listeners back into the stock market near the peak and Jim Cramer is upset the market doesn't listen to him.
Debt will fall under unrelenting pressure the moment interest rates start to rise because there is so much debt. It is like a margin call for high debt corporations like GE/MSNBC/Pravda. So GE may not be interested in an American recovery. Marxist leaning GE CEOs may be more interested in China's recovery. China's market alone stayed up last night while other markets sold off.
If the jackasses in Congress are thrown out of office in two weeks, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the shift occurred, the price of gold collapsed from Jimmy highs and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were down last night. China's market was up 0.1%, Hong Kong down -0.9%, India down -0.6%, and Japan down -1.7%.
European markets are slightly higher this morning in a range of about 0.1% to +0.5% about half way through their day.
US pre-market futures were up in a range 0.3% to 0.5% at 8:00 AM EST.
Tuesday, October 19, 2010
Under socialism you get ahead not by what you know but by whom you know.
Under socialism you get ahead not by what you know but by whom you know.
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves the way Obama got his wife a $300,000/yr job.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because corrupt Marxists governments like corporate political support and contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric is rewarded with national defense related contracts by the leftists in American government. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
If alive today, Jefferson, the founder of the Democratic Party would be horrified that his party is now run by socialist and marxist jackasses. Jefferson was against destroying democracy by using a majority vote to expropriate the earnings of the more skilled and industrious minority that earns more. He called that tyranny.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rises up with the American people to overthrow the Marxist jackasses and the jackass infiltrated corporations (like GE) that support leftists and manage their propaganda.
World Markets:
France is the current poster child for showing how socialism expands chaos by expanding government cradle to the grave dependency. Even the doctors in France go on strike, but they announce the dates in the newspapers so that union slackers can better plan when to fake their illnesses. Greece became this year's socialist union poster child for violence when they burned bank employees alive.
China has resumed growth and stabilized their housing prices and market.
Economic Calendar
Remember the Obama Marxists like to create this economic data. It may have little relationship to reality and is what the Marxists want Americans to think.
Yesterday
Net Long-Term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Today
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
This week
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM FED's Beige Book Oct
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 19 2010
The stock market and commodity prices have had their run-up. You probably have been taking profits. It is time to get out completely except on a small scale local level as opportunities arise especially unique real estate opportunities.
Debt will fall under unrelenting pressure the moment interest rates start to rise.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were up last night. China's market up 1.6%, Hong Kong up 1.3%, India down -0.9%, and Japan up 0.3%.
European markets are flat taking their lead again from the USA this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were down in a range -0.3% to -1.3% at 8:00 AM EST.
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves the way Obama got his wife a $300,000/yr job.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because corrupt Marxists governments like corporate political support and contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric is rewarded with national defense related contracts by the leftists in American government. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
If alive today, Jefferson, the founder of the Democratic Party would be horrified that his party is now run by socialist and marxist jackasses. Jefferson was against destroying democracy by using a majority vote to expropriate the earnings of the more skilled and industrious minority that earns more. He called that tyranny.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rises up with the American people to overthrow the Marxist jackasses and the jackass infiltrated corporations (like GE) that support leftists and manage their propaganda.
World Markets:
France is the current poster child for showing how socialism expands chaos by expanding government cradle to the grave dependency. Even the doctors in France go on strike, but they announce the dates in the newspapers so that union slackers can better plan when to fake their illnesses. Greece became this year's socialist union poster child for violence when they burned bank employees alive.
China has resumed growth and stabilized their housing prices and market.
Economic Calendar
Remember the Obama Marxists like to create this economic data. It may have little relationship to reality and is what the Marxists want Americans to think.
Yesterday
Net Long-Term TIC (Treasury International Capital Flows) Aug showed that investment in the USA declined from $63Billion to $39 billion
Industrial Production Sep declined -0.2% after slowing to 0.2% growth the previous month.
Capacity Utilization Sep remained at 78.4%
NAHB Housing Market Index Oct improved from 13 to 16,
Today
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
This week
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM FED's Beige Book Oct
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 19 2010
The stock market and commodity prices have had their run-up. You probably have been taking profits. It is time to get out completely except on a small scale local level as opportunities arise especially unique real estate opportunities.
Debt will fall under unrelenting pressure the moment interest rates start to rise.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were up last night. China's market up 1.6%, Hong Kong up 1.3%, India down -0.9%, and Japan up 0.3%.
European markets are flat taking their lead again from the USA this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were down in a range -0.3% to -1.3% at 8:00 AM EST.
Monday, October 18, 2010
General Electric Company is a traitor to American Liberty and security.
General Electric Company is a traitor to American Liberty and security. They continue their socialist-marxist rhetoric on MSNBC to undermine the American work ethic and confidence in free trade. Confidence is the cheapest form of stimulus. GE which sponsors incoherent brainless newsblabbers and Soros-sycophants undermine world peace and American national security. The GE/MSNBC/marxist/anti-intelligencia needs to be broken up and dismantled. Soros is happy because he thinks he already destroyed America just by getting Obama elected.
According to the LA Times, the Fed chairman suggests creating a program of buying U.S. Treasury bonds in an effort to drive down long-term interest rates. That shows the general ignorance of the leftist media. Low long-term rates are the precursor to a depression not recovery. The FED wants higher inflation expectations, which means higher long-term rates to prevent deflation and the deflationary spiral of a depression. A world depression looms on the horizon due to lack of confidence in DUHHHH Obama and his jackass entourage.
The reason American newspapers are all failing is because they have supported jackass leftist/liberal/progressive candidates since the 1960 hippie drug culture started. The Nazis and international socialists gravitated to that industry and just as fast Americans stopped buying newspapers. The Nazis made no bones about killing sick and defective children so why would we expect different from the American national and international socialists. Americans can stop buying General Electric products just as fast as we stopped buying newspapers. Lets cancel all their government contracts. GE would feel more at home as a registered Russian company anyway. Why don't they do America a favor, join George Soros and register as world government reds and be honest about their intentions.
It is real simple to do. The FED starts buying a basket of foreign currencies the way China does. That floods the world with weaker dollars. But why would he want to drive down long term interest rates. Someone has that backwards. Down gets you a recession. He wants inflation anticipation, which means higher not lower long-term rates.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rises up with the American people to overthrow the Marxist jackasses and the jackass infiltrated corporations (like GE) that support leftists and manage their propaganda.
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves and associates the way Obama got his wife a $300,000/yr job. Under socialism you get ahead not by what you know but by whom you know.
General Electric should be broken up because it has betrayed Americans and is undermining national security supporting an ignorant socialist president who is attacking the American defense and intelligence structure on every level. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
World Markets:
China has resumed growth and stabilized their housing prices and market. Obama stupidity continues to DUHHHH the economy. The Obama DUHHHH jackass administration continues to muddle along blaming others. They want to stimulate the economy by for instance rebuilding past industries like sailing vessels.
Economic Calendar
Remember the Obama Marxists like to create this economic data. It may have little relationship to reality and is what the Marxists want Americans to think.
Last Friday
Oct 15 9:55 AM Mich Sentiment Oct fell to 67.9 from 68.2... not good
Oct 15 10:00 AM Business Inventories rose another 0.6%… not good
Today
Oct 18 9:00 AM Net Long-Term TIC Flows Aug
Oct 18 9:15 AM Industrial Production Sep
Oct 18 9:15 AM Capacity Utilization Sep
Oct 18 10:00 AM NAHB Housing Market Index Oct
This week
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM Fed's Beige Book Oct
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 18 2010
The stock market and commodity prices have had their run-up. You probably have been taking profits. It is time to get out completely except on a small scale local level as opportunities arise especially unique real estate opportunities.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because corrupt Marxists governments like their political support and their contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric in return is rewarded with national defense related contracts by the leftists in American government now commonly known as the jackasses. That is a very dangerous situation to have GE Marxists knowing American defenses and technology. Fortunately socialist and GE Marxist leaders are typically pumped up DUHHHH morons like Obama who got affirmative action and support through the DUHHHH leftist in academia. American survival depends on the removal from America of the influence of the leftists and their money sources like GE.
Debt will fall under unrelenting pressure the moment interest rates start to rise and we know the FED is going to push up inflation to try to avoid an Obama DUHHHH jackass Depression.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were down last night. China's market down -0.5%, Hong Kong down -1.2%, India up 0.2%, and Japan down -0.1%.
European markets are flat this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were down in a range -0.2% to -0.4% at 8:00 AM EST.
According to the LA Times, the Fed chairman suggests creating a program of buying U.S. Treasury bonds in an effort to drive down long-term interest rates. That shows the general ignorance of the leftist media. Low long-term rates are the precursor to a depression not recovery. The FED wants higher inflation expectations, which means higher long-term rates to prevent deflation and the deflationary spiral of a depression. A world depression looms on the horizon due to lack of confidence in DUHHHH Obama and his jackass entourage.
The reason American newspapers are all failing is because they have supported jackass leftist/liberal/progressive candidates since the 1960 hippie drug culture started. The Nazis and international socialists gravitated to that industry and just as fast Americans stopped buying newspapers. The Nazis made no bones about killing sick and defective children so why would we expect different from the American national and international socialists. Americans can stop buying General Electric products just as fast as we stopped buying newspapers. Lets cancel all their government contracts. GE would feel more at home as a registered Russian company anyway. Why don't they do America a favor, join George Soros and register as world government reds and be honest about their intentions.
It is real simple to do. The FED starts buying a basket of foreign currencies the way China does. That floods the world with weaker dollars. But why would he want to drive down long term interest rates. Someone has that backwards. Down gets you a recession. He wants inflation anticipation, which means higher not lower long-term rates.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
Thomas Jefferson to Colonel Smith, November 13, 1787: The people cannot be all, and always, well informed. The part which is wrong (jackasses) will be discontented, in proportion to the importance of the facts they misconceive. If they (the jackasses) remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. We have had thirteen States independent for eleven years. There has been one rebellion. That comes to one rebellion in a century and a half, for each State. What country before ever existed a century and a half without a rebellion? (The USA lasted until 1862 when it had the Civil War rebellion.) And what country can preserve its liberties, if its (jackass) rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots (people who actually earn their living) and tyrants (jackasses). It (any interred jackass) is its natural manure. Our convention has been too much impressed by the insurrection of Massachusetts: and on the spur of the moment, they are setting up a kite to keep the hen yard in order. I hope in God, this article will be rectified, (giving Americans the right and duty to have and bear arms against tyrants) before the new constitution is accepted.
Thomas Jefferson said the right to bear arms is in the "bill of rights" for the purpose of having the American people armed so that Americans can overthrow tyrants (jackasses) that arise from time to time. Obama (a jackass) wants to create a civilian army (a personal guard) to suppress the American Army if the American Forces rises up with the American people to overthrow the Marxist jackasses and the jackass infiltrated corporations (like GE) that support leftists and manage their propaganda.
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves and associates the way Obama got his wife a $300,000/yr job. Under socialism you get ahead not by what you know but by whom you know.
General Electric should be broken up because it has betrayed Americans and is undermining national security supporting an ignorant socialist president who is attacking the American defense and intelligence structure on every level. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual proselytizing harassment from the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and the Founding Father's ideals.
World Markets:
China has resumed growth and stabilized their housing prices and market. Obama stupidity continues to DUHHHH the economy. The Obama DUHHHH jackass administration continues to muddle along blaming others. They want to stimulate the economy by for instance rebuilding past industries like sailing vessels.
Economic Calendar
Remember the Obama Marxists like to create this economic data. It may have little relationship to reality and is what the Marxists want Americans to think.
Last Friday
Oct 15 9:55 AM Mich Sentiment Oct fell to 67.9 from 68.2... not good
Oct 15 10:00 AM Business Inventories rose another 0.6%… not good
Today
Oct 18 9:00 AM Net Long-Term TIC Flows Aug
Oct 18 9:15 AM Industrial Production Sep
Oct 18 9:15 AM Capacity Utilization Sep
Oct 18 10:00 AM NAHB Housing Market Index Oct
This week
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 20 7:00 AM MBA Mortgage Applications 10/15
Oct 20 10:30 AM Crude Inventories 10/16
Oct 20 2:00 PM Fed's Beige Book Oct
Oct 21 8:30 AM Initial Claims 10/16
Oct 21 8:30 AM Continuing Claims 10/09
Oct 21 10:00 AM Leading Indicators Sep
Oct 21 10:00 AM Philadelphia Fed Oct
Market Outlook Oct 18 2010
The stock market and commodity prices have had their run-up. You probably have been taking profits. It is time to get out completely except on a small scale local level as opportunities arise especially unique real estate opportunities.
General Electric sycophants and George Soros are the biggest beneficiaries of Marxism because corrupt Marxists governments like their political support and their contributions (kickbacks) for buying from them. General Electric runs the Marxist propaganda machine known as MSNBC. General Electric in return is rewarded with national defense related contracts by the leftists in American government now commonly known as the jackasses. That is a very dangerous situation to have GE Marxists knowing American defenses and technology. Fortunately socialist and GE Marxist leaders are typically pumped up DUHHHH morons like Obama who got affirmative action and support through the DUHHHH leftist in academia. American survival depends on the removal from America of the influence of the leftists and their money sources like GE.
Debt will fall under unrelenting pressure the moment interest rates start to rise and we know the FED is going to push up inflation to try to avoid an Obama DUHHHH jackass Depression.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz. Gold and silver are cyclic and we still have DUHHHH Obama for two more years so there will be better opportunities to get back into precious metals and commodities later.
World Markets
Asian markets were down last night. China's market down -0.5%, Hong Kong down -1.2%, India up 0.2%, and Japan down -0.1%.
European markets are flat this morning in a range of about -0.1% to +0.1% about half way through their day.
US pre-market futures were down in a range -0.2% to -0.4% at 8:00 AM EST.
Thursday, October 14, 2010
General Electric and MSNBC are helping Obama usher in a new age of corruption, incompetence, and GE corporate profits while tearing down America
General Electric and MSNBC are helping Obama usher in a new age of corruption, incompetence, and GE corporate profits while tearing down American free enterprise and turning America into another socialist wasteland.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves and associates the way Obama got his wife a $300,000/yr job. Under socialism you get ahead not by what you know but by whom you know.
General Electric should be broken up because it has betrayed Americans and is undermining national security supporting an ignorant socialist president who is attacking the American defense and intelligence structure on every level. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual harassment of the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and Founding Father ideals.
California's Jerry Brown is the poster boy for "brains fried on drugs."
Mexican drug lords returned the head of the American captured on vacation last week. Mexico's chief investigator of the murder also disappeared.
When the Jackass party took power they blamed America for Mexican drug lords and said it was caused by the American Constitution's 2nd amendment protecting American rights to own firearms. But since Obama took over they have stimulated California marihuana farm investment and Mexican drug lord wars fighting over who gets the cash infusion from the new Pelosi drug addicts. Since Obama took power, Mexico has become destabilized by the jackass stimulation of their drug trade. The Obama jackass party has succeeded in destabilizing the world because they know that destabilization is what pushes stupid people, drug addicted, and lazy people into their international socialist party. Marihuana growers in California have unionized their business to get jackass party support and Teamster Union funds to sue American states to legalize marijuana. Jackass Jerry Brown was chosen as a jackass candidate for Senate despite his disability of having a drug-fried brain.
World Markets:
The Dollar is declining as QE2 (quantitative easing) announcement approaches on Election Day. The FED will repurchase $trillions in treasuries. It is highly likely the average investor will understand what is happening and will then flee US treasuries primarily to commodities. This is already driving up the commodity sector of the stock market. Smart bond investors are already out of Treasuries and are in short-term (<5year corporate bonds) to reduce risk. The commodities and metals have already over reacted because QE2 is really no different from QE1 because it increases Treasury reserves but there are already more than enough available. The only difference is psychological. We have already seen the psychological benefit and real inflation is still many years in the future. So now the hedge funds are coming back to stocks and they have now driven up stock prices again. We see this to be a period like the 1970's when the market rallied and collapsed three times before the inflation actually hit. Stocks did not benefit at all over that period but there were many rallies and busts.
However the 1970's had a democratic controlled Congress not the current Jackass types. We may have a Republican Congress soon like in 1984. Then a side effect of interest rates slowly rising with a new Republican Congress could be a blend of 1970's and the 1990s type euphoria of a return to balanced government budgets and national productivity improvements. However under a continuing Obama jackass Congress unemployment will rise and stagnate, state and federal government deficits will continue to grow, inflation will get out of control (stagflation), and American money will flee into Swiss and offshore safe havens.
Economic Calendar
Minutes of FOMC meeting 9/21 were mostly about QE2. QE2 is already priced into the market.
Yesterday
MBA Mortgage Applications 10/08 up 14.6%, the first increase since declining since the tax incentive lapsed.
Export Prices ex-ag. Sep increased 0.3% like last month like the FED wants with QE2
Import Prices ex-oil Sep also increased 0.3% like last month like the FED wants with QE2
Today
Crude Inventories 10/09
PM Treasury Budget Sep
Oct 14 8:30 AM Initial Claims 10/09
Oct 14 8:30 AM Continuing Claims 10/02
Oct 14 8:30 AM PPI Sep
Oct 14 8:30 AM Core PPI Sep
Oct 14 8:30 AM Trade Balance Aug
This week
Oct 15 8:30 AM CPI Sep
Oct 15 8:30 AM Core CPI Sep
Oct 15 8:30 AM Retail Sales Sep
Oct 15 8:30 AM Retail Sales ex-auto Sep
Oct 15 8:30 AM NY Fed - Empire Manufacturing Survey Oct
Oct 15 9:55 AM Mich Sentiment Oct
Oct 15 10:00 AM Business Inventories
Market Outlook Oct 14, 2010
We continue to recommend taking stock market profits and moving into real estate or real estate investments where the corporations have lots of cash. Check first.
Debt will fall under unrelenting pressure the moment interest rates start to rise and we know the FED is going to push up inflation to try to avoid an Obama jackass Depression.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz.
On the other hand,
If the jackasses in Congress stay in power, the FED is then only trying to raise inflation expectations to unleash the cash being held back by businesses due to Obama's incoherent policies. So if the jackasses stay in power, such a move becomes just another jackass socialist policy. This is similar to the situation with FDR in 1939-40. Japan recently said it would do the same thing to end 20 years of dis-inflation. The market rallied and QE2 may very well raise inflation. But we already have a commodities bubble. The steep rise in all commodity prices will be an inhibitive cost of doing business and business will need to borrow and up leverage instead of de-leveraging. Ultimately, if the jackasses are thrown out next month the threat of hyperinflation will be avoided and inflation of 2% or 3% will burst the commodity bubbles. But it is difficult to say how big the bubble could get before investors feel confident the jackass socialist democrats will be thrown out of office. It already stands to lose more than 50% of the gains of the past month. That is why we say to take profits.
The cost of new construction will rise and housing prices would recover if done gingerly. The best we could hope for is if the FED says they already secretly started QE2 and caused this present run-up and the jackasses are thrown out. If that is the case then the will look like geniuses and the FED will appear in full control the economy and market psychology.
Something like QE2 has either never worked before, or has never been done correctly before, or was done secretly and possibly worked before. The best way would have been to do it secretly. Lets hope the FED says it already secretly started QE2.
World Markets
Asian markets were up last night. China's market up 0.6%, Hong Kong up 1.7%, India down -0.9%, and Japan up 1.9%.
European markets are up this morning in a range of about -0.2% to +0.5% about half way through their day.
US pre-market futures were up in a range 0.1% to 0.2% at 8:30 AM EST.
Thomas Jefferson to P. Dupont in 1816; "The majority oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest breaks up the foundation of society."
James Madison in the Federalist Papers, Feb 5, 1788 to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By 1824 Thomas Jefferson already thought the American Government was too big. He wrote to William Ludlow, "I think myself, that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Thomas Jefferson was the founder the Democratic Party. In 1816 he wrote (note in Tracy's Political Economy), “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry, and the fruits acquired by it."
GE/MSNBC/Obama are trying to usher in a new age of corruption, incompetence, and profits via tearing down American free enterprise and expropriating the wealth to themselves and associates the way Obama got his wife a $300,000/yr job. Under socialism you get ahead not by what you know but by whom you know.
General Electric should be broken up because it has betrayed Americans and is undermining national security supporting an ignorant socialist president who is attacking the American defense and intelligence structure on every level. GE/MSNBC/Obama have been:
1) Destroying the American justice system by freeing terrorists who killed Wells Fargo guards in Connecticut and ignoring criminals of Obama's race who intimidated the white poll workers on Election Day in 2008
2) Destroying justice by moving terrorists caught in action, into civilian courts and essentially giving mental throwback Nazis/Al Quaeda killers a free pass in Obama/MSNBC/liberal/socialist anti-American stacked courts.
3) Destroying military morale by subjecting straight soldiers to the sexual harassment of the same kind of folks who harassed alter boys and got away with it for forty years.
4) Dismantling American culture, free economy, and Founding Father ideals.
California's Jerry Brown is the poster boy for "brains fried on drugs."
Mexican drug lords returned the head of the American captured on vacation last week. Mexico's chief investigator of the murder also disappeared.
When the Jackass party took power they blamed America for Mexican drug lords and said it was caused by the American Constitution's 2nd amendment protecting American rights to own firearms. But since Obama took over they have stimulated California marihuana farm investment and Mexican drug lord wars fighting over who gets the cash infusion from the new Pelosi drug addicts. Since Obama took power, Mexico has become destabilized by the jackass stimulation of their drug trade. The Obama jackass party has succeeded in destabilizing the world because they know that destabilization is what pushes stupid people, drug addicted, and lazy people into their international socialist party. Marihuana growers in California have unionized their business to get jackass party support and Teamster Union funds to sue American states to legalize marijuana. Jackass Jerry Brown was chosen as a jackass candidate for Senate despite his disability of having a drug-fried brain.
World Markets:
The Dollar is declining as QE2 (quantitative easing) announcement approaches on Election Day. The FED will repurchase $trillions in treasuries. It is highly likely the average investor will understand what is happening and will then flee US treasuries primarily to commodities. This is already driving up the commodity sector of the stock market. Smart bond investors are already out of Treasuries and are in short-term (<5year corporate bonds) to reduce risk. The commodities and metals have already over reacted because QE2 is really no different from QE1 because it increases Treasury reserves but there are already more than enough available. The only difference is psychological. We have already seen the psychological benefit and real inflation is still many years in the future. So now the hedge funds are coming back to stocks and they have now driven up stock prices again. We see this to be a period like the 1970's when the market rallied and collapsed three times before the inflation actually hit. Stocks did not benefit at all over that period but there were many rallies and busts.
However the 1970's had a democratic controlled Congress not the current Jackass types. We may have a Republican Congress soon like in 1984. Then a side effect of interest rates slowly rising with a new Republican Congress could be a blend of 1970's and the 1990s type euphoria of a return to balanced government budgets and national productivity improvements. However under a continuing Obama jackass Congress unemployment will rise and stagnate, state and federal government deficits will continue to grow, inflation will get out of control (stagflation), and American money will flee into Swiss and offshore safe havens.
Economic Calendar
Minutes of FOMC meeting 9/21 were mostly about QE2. QE2 is already priced into the market.
Yesterday
MBA Mortgage Applications 10/08 up 14.6%, the first increase since declining since the tax incentive lapsed.
Export Prices ex-ag. Sep increased 0.3% like last month like the FED wants with QE2
Import Prices ex-oil Sep also increased 0.3% like last month like the FED wants with QE2
Today
Crude Inventories 10/09
PM Treasury Budget Sep
Oct 14 8:30 AM Initial Claims 10/09
Oct 14 8:30 AM Continuing Claims 10/02
Oct 14 8:30 AM PPI Sep
Oct 14 8:30 AM Core PPI Sep
Oct 14 8:30 AM Trade Balance Aug
This week
Oct 15 8:30 AM CPI Sep
Oct 15 8:30 AM Core CPI Sep
Oct 15 8:30 AM Retail Sales Sep
Oct 15 8:30 AM Retail Sales ex-auto Sep
Oct 15 8:30 AM NY Fed - Empire Manufacturing Survey Oct
Oct 15 9:55 AM Mich Sentiment Oct
Oct 15 10:00 AM Business Inventories
Market Outlook Oct 14, 2010
We continue to recommend taking stock market profits and moving into real estate or real estate investments where the corporations have lots of cash. Check first.
Debt will fall under unrelenting pressure the moment interest rates start to rise and we know the FED is going to push up inflation to try to avoid an Obama jackass Depression.
If the jackasses in Congress are thrown out of office, QE2 may be so small and the American liberties may be victorious over jackass socialist regulation and tyranny and therefore the commodity prices could return to normal (the gold and commodity bubbles could collapse). That means the economy could shift from a 1970s mode to a 1990s mode and the price of gold could collapse possibly under $600/oz after adjusting for inflation. When President Reagan was in office the price of gold collapsed and eventually was under $300/oz.
On the other hand,
If the jackasses in Congress stay in power, the FED is then only trying to raise inflation expectations to unleash the cash being held back by businesses due to Obama's incoherent policies. So if the jackasses stay in power, such a move becomes just another jackass socialist policy. This is similar to the situation with FDR in 1939-40. Japan recently said it would do the same thing to end 20 years of dis-inflation. The market rallied and QE2 may very well raise inflation. But we already have a commodities bubble. The steep rise in all commodity prices will be an inhibitive cost of doing business and business will need to borrow and up leverage instead of de-leveraging. Ultimately, if the jackasses are thrown out next month the threat of hyperinflation will be avoided and inflation of 2% or 3% will burst the commodity bubbles. But it is difficult to say how big the bubble could get before investors feel confident the jackass socialist democrats will be thrown out of office. It already stands to lose more than 50% of the gains of the past month. That is why we say to take profits.
The cost of new construction will rise and housing prices would recover if done gingerly. The best we could hope for is if the FED says they already secretly started QE2 and caused this present run-up and the jackasses are thrown out. If that is the case then the will look like geniuses and the FED will appear in full control the economy and market psychology.
Something like QE2 has either never worked before, or has never been done correctly before, or was done secretly and possibly worked before. The best way would have been to do it secretly. Lets hope the FED says it already secretly started QE2.
World Markets
Asian markets were up last night. China's market up 0.6%, Hong Kong up 1.7%, India down -0.9%, and Japan up 1.9%.
European markets are up this morning in a range of about -0.2% to +0.5% about half way through their day.
US pre-market futures were up in a range 0.1% to 0.2% at 8:30 AM EST.
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