A great depression and a World War on Moslem terrorists loom on the horizon

A great depression and a World War on Moslem terrorists loom on the horizon

American private health care has declined under Obama. Companies are dumping coverage in anticipation of being regulated out of business if they try to opt out later.

Obamacare will offer the finest healthcare Indonesia and Nigeria can provide. Obama already provides third world countries with free clean needles and expensive Aids medicines to keep aids patients alive in poor socialist countries so they can live longer spreading the disease. The extreme leftists say the only way to save planet earth is to get rid of humans. Yes the extreme leftists don’t just hate productive people and those who make profits, they hate humanity itself.

World Markets:
To understand the risk of war that the world faces right now we need to look back at what FDR did in the 1930s. FDR created a Great Depression by profligate spending and by making the business sector uncertain and unstable. To unite the American people he used Japan's sneak-attack and mobilized the American military-industrial complex. Once that American industrial machine went into action the world terrorists in Europe, Africa, the Middle East, and Asia were all crushed in less than five years. FDR's Great Depression was then a thing of the past and world terrorism and torture; stonings, gassings, canning, and decapitations, were a thing of the past.

Golly gee-whiz, the Muslims and Nazi couldn't have any fun any more in 1945. Funny thing how the Muslims and Nazi both had obsessive hatred of Jews back then already.

The world of Muslim criminals is about to become radically altered. America is nearing election time and extreme hatred of Muslims is about ready to breakout throughout the EU and could erupt as well in America if Muslim criminals run amuck on the streets in a sneak-attack. Germany and France leaders are secretly hoping some other country like Spain or Greece starts the rioting and attacks that wipe out the Moslem criminals first. They are hoping the entire Muslim community can be driven out in one fell sweep of the EU. The Muslims are in general the pickpockets, bums, and beggars of Europe. If Muslim terrorists sneak-attack on Europeans and tourists, an extreme backlash will be released quickly and completely on all Muslim occupied structures. Prolific European apologies will follow.

In America, if such a planned sneak attack occurs, the leftists will disappear from the political scene, Pakistan may be occupied, and the Taliban and other Muslim terrorists crushed everywhere. FDR was a big American leftist and so were the deadly Nationalist Socialists that first were freely elected like Caesar Chavez, Stalin, Castro, and Hitler and then spread their socialist dictatorships in their regions. Obama will be well suited to a war on Muslim terrorists the way FDR was suited to a war on National Socialist party extremists.

Pakistan is beginning to fall to the Muslim terrorists. This is Obama's war now.


Economic Calendar
Last Friday
Personal Income Aug improved 0.5% as opposed to 0.2% reported for the previous month
Personal Spending Aug remained the same at 0.4%
PCE Prices - Core Aug remained 0.2%
U Michigan Consumer Sentiment - Final Sep improved to 68.2% from 66.6%
Construction Spending Aug dramatically improved 0.4% after contracting 1% the previous month
ISM Index Sep
Government Motors (GM) was American money down the democrat-socialist union toilet bowl. Now GM is again seeking partnerships to share the union expenses.

Today
Oct 4 10:00 AM Factory Orders Aug
Oct 4 10:00 AM Pending Home Sales Aug

This week
Oct 5 10:00 AM ISM Services Sep
Oct 6 7:00 AM MBA Mortgage Application 10/01
Oct 6 8:15 AM ADP Employment Change Sep
Oct 6 10:30 AM Crude Inventories 10/02 -
Oct 7 8:30 AM Initial Claims 10/02
Oct 7 8:30 AM Continuing Claims 09/25
Oct 7 3:00 PM Consumer Credit Aug
Oct 8 8:30 AM Nonfarm Payrolls Sep
Oct 8 8:30 AM Nonfarm Private Payrolls Sep
Oct 8 8:30 AM Unemployment Rate Sep -
Oct 8 8:30 AM Hourly Earnings Sep
Oct 8 8:30 AM Average Workweek Sep
Oct 8 10:00 AM Wholesale Inventories Aug


Market Outlook Oct 4, 2010

Profit taking is advisable everywhere. The rally has been on low volume. The war on terrorism could expand rapidly in the near future. Obama could bomb Pakistan into the stone age for harboring Osama.

The main costs of American Health care are fraud, corruption, and litigation not the health care itself, not the physicians nor the insurance companies. The democrat-socialist-liberal-progressives plan to increase costs further with lazy, incompetent, racist government employees who think like Obama.

The democrat-socialist-liberal-progressives end the session of Congress without allowing the tax cuts to be extended. Obama tax increases are now scheduled for the productive middle class and well as the small business entrepreneurs who would otherwise be hiring now. 44% of Americans now pay no taxes and vote almost exclusively for socialist who give them everything free.

World War and deflation now are the world's greatest threats just like the year before WWII. The FED is trying to raise inflation expectations to unleash the cash being held back by businesses due to Obama's incoherent policies similar to the situation with FDR in 1939-40.

World Markets
Asian markets were mixed last night. China's up 1.7%%, Hong Kong up 1.2%, India up 0.2%, and Japan down -0.3%.

European markets are down this morning in a range of about 0% to -0.9% about half way through their day.

US pre-market futures were down -0.2% to -1.1% at 9 AM EST.