Leftist GE/MSNBC journalists now incite hatred after Arizona shooting Wed, 12 Jan 2011

Leftist GE/MSNBC journalists now incite hatred after Arizona shooting Wed, 12 Jan 2011. Leftists seek to limit free speech against leftists trying to destroy America's Constitutional government.

It has now been revealed that Sheriff Dupnik’s department had prior interaction with shooting suspect Jared Loughner. It has now confirmed that deputies made multiple visits to the Loughner home in recent years and at least five visits to the university where leftist shooter, Jared Loughner terrorized students. One student said he always sat near the classroom door so he could be the first to run out. It is clear that Loughner was evidently spiraling downward over the past two years and frightening friends, neighbors and classmates with his leftist rhetoric and views. A shooting buddy told the New York Times that Loughner had become a nihilist like the "letter bomber."

The shooter Jared Lee Loughner was a fan of Representative Giffords and he spouted the similar incoherent leftist anti technology gibberish as the mentally defective 'Letter Bomber" did. You have to be more than just a little loony to be a leftist. Jared Lee Loughner was a devoted democrat and was questioned by police once at home and five times at college where his bizarre leftist outcries frightened other students. The killer of John Lennon was also a fan of John Lennon and such fan killings by the mentally unstable are not unusual.

Leftist Pima County Democrat Sheriff Clarence Dupnik got the attention he craved when he said Rush Limbaugh, conservatives, and newly elected "opponents to the progress being sought by his fellow leftist Democrats" were responsible for the assassination attempt on Rep. Gabrielle Giffords, D-Ariz.

Tucson bloggers have reported that Loughner’s past outbursts and anti-American behavior had prompted multiple calls to Dupnik’s department. But the leftist sheriff Dupnik is not answering questions. If Dupnik’s department had reason to believe that Loughner was a troubled soul and did not initiate mental health proceedings against him, it would go beyond ethical obligation and into legal culpability. Reporters are now waiting for the reports on the calls to Loughners’ home to be released.

The leftists love Sarah Palin and know they still have a chance as long as Sarah Palin is out there sticking her foot in her mouth. Sarah needs to get an education because she is far too ignorant to lead America. She is the Tea Party's greatest liability and even worse than John McCain who she helped re-elect in Arizona. Blood libel? Palin calls the leftist rhetoric blood libel? Sounds like Sarah Palin is lost somewhere in the Dark Ages. It is a grotesque exaggeration.

It may be true that the Obama leftists want to put a gag on American's constitutional freedom of speech but Palin's perpetual ignorance only helps the leftists.

World Markets:
China is prepared to participate in any future euro zone stabilization measures, seeing the euro as a key pillar of a multi-currency global financial system, deputy central bank governor Yi Gang said on Wednesday. Speaking at a briefing in London by the People's Bank of China (PBOC) and Chinese government officials, Yi also said Beijing would take into "positive consideration" the question of investing in the euro zone's emergency fund for member states. "China indeed supports the series of stabilization measures adopted by the European Union, the ECB (European Central Bank) and the IMF (International Monetary Fund)," Yi said. "China is a stable and continued long-term investor in European financial markets and I'm sure if there's need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms -- of course with your permission."

Economic Indicators
Jan 11 10:00 AM Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.

Yesterday
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07 up 2.2 % after improving 2.3% last month
Jan 12 8:30 AM Export Prices ex-ag. Dec up 0.8% after being up 0.8% last month. That is almost three times the rate of the FED inflation target.
Jan 12 8:30 AM Import Prices ex-oil Dec up 0.6% after being up 0.8% last month. That is twice the rate of the FED inflation target.
Jan 12 10:30 AM Crude Inventories 01/08 decline 2.2M after declining 4,2M barrels last month.
Jan 12 2:00 PM Treasury Budget Dec was $80Billion last month or about $1trillion per year. That is three times higher than President Bush's highest deficit. That is more than the accumulated Bush deficit from eight years of office. And most of This Obama waste is thrown away on indigents, unions, and ACORN type organizations that do not create jobs.
Jan 12 2:00 PM Fed's Beige Book Jan reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices. The labor market may have stopped declining.

Today
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov

Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov

Market Outlook Jan 13, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.

Commodity carriers, already reeling from the biggest slump in freight rates in more than two years are poised to plunge another 32% due to the glut off ships of flooded Australia, according to a Bloomberg survey. There are 132 vessels floating off the Australian State, which accounts for about 50 percent of the global seaborn supply of coal used in steelmaking. While congestion would normally boost freight rates by tying up vessels, flooded mines could spur shippers to order carriers to leave and compete for new orders, said an analyst at Barclays Capital. Should the flooding persist, the Baltic Dry Index may drop as much as 31 percent in the coming months. It slid 1.8 percent yesterday.

More than 123 companies have registered with the SEC for IPO’s, with more than half coming from companies owned by private-equity firms. In 2010, private-equity firms accounted for only 15% of the total. Caution these IPOs will carry much more debt than normal and are already highly leveraged.

By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.

World Markets
Asian markets were up last night. China's market was up 0.2%, Hong Kong up 0.5%, India down -1.8%, and Japan up 0.7%,

European markets are volatile this morning in a range of about -0.3% to +0.5% half way through their day.

US pre-market futures are flat about 0 % at 8 AM EST.