We are now seeing the beginning of the end to Red China's growth. They are now headed to the junk pile where intellectual property theft ends.

We are now seeing the beginning of the end to Red China's growth. They are now headed to the junk pile where intellectual property theft ends.

Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out. QE2 temporarily enhanced capital gains and margins for stocks.

How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
11. Cut all unfunded Social Security Payments. That means remove from Social Security all people who did not pay in for at least five years. That would be about half the current outflow because socialists give Social Security to anyone who votes for socialists. That includes even some illegal immigrants and felons who prey on Americans. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.

World Markets this week:
The FBI broke told executives at DuPont Co. late last year that Red Chinese hackers had cracked the company’s computer networks for the second time in 12 months. About a year earlier, DuPont had been hit by the same China- based hackers who struck Google Inc. (GOOG) and unlike Google, DuPont kept the intrusion secret.

Red China throws honest Americans in prison for making economic reports on China's fraud and illegally steals competitive information from American businesses. This resembles the behavior of Japan in the 1980's when Japan spied on IBM thinking that their intellectual thievery would make them the leaders in computer technology. If China keeps harassing honest Americans and protecting their communist criminals who break into corporations and banks to steal, then China's expansion is now very near its end. Remember when Japan's stock market was over 30,000 they were stealing too. Now the Nikkei is still only at 66% down from its highs. Honesty and trust are the basis of America's technological revolution because the creative entrepreneurs do no work with thieves.

The Chinese government needs to stop stealing intellectual property and begin a step by step plan to set up a system of free elections for a Constitutional government which protects the individual's right to the fruits of the individual's labor.

Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.

US Economy
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).

Mar 7 3:00 PM Consumer Credit Jan declined sharply from 6.1B to 5B this month even after 2B was moved forward from last month in an Obama "adjustment."

Today
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05

This week
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan

Market Outlook March 9, 2011
Monday MSNBC/Pravda's Jim Cramer warned that a significant decline is now likely. He said late buying in the day is now a mistake and we will likely see less of it. Tuesday he said stocks would rise if NATO bombs Libya soon. NATO meets tomorrow to decide what to do. The liberals in Britain and MSNBC say bomb them. Socialists are idiots of course.

The real economic problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved by this summer. We think the next stock market support level will be down to Nov 4 levels.

http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.

World Markets
Asian markets were up slightly last night. China up 0.1%, Hong Kong up 0.4%, India up 0.2 %, and Japan up 0.6%,

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

US pre-market futures are up 0.3% at 7:00 AM EST.