The government shutdown now hangs on Socialist-democrats insisting that the government abortions of black babies be funded.

The government shutdown now hangs on Socialist-democrats insisting that the government abortions of black babies be funded. By the end of 2011 Obama will have the US national debt exceeding the GDP just like they have in Greece, Ireland, and Portugal. Government funding of abortion is a form of racial cleansing. But to many it is worth it to have jihadist funding NPR and government funding the abortion of black babies. Many people believe the government is complicit in murdering babies. This blog does not condone the US government being involved in people’s private maters by subsidizing abortions of primarily living black babies or supporting jihadist who want to kill all Americans regardless of race or national origin.

Government parties have lost ground in negotiations that lasted through early Friday morning. Arriving at the Capitol, Reid said he was disappointed that a deal that seemed within reach remains elusive, and seemed confounded as to the Republicans' ultimate goal. He believes National Public Radio should be funded even though they were caught on camera ready to accept funding from the jihadist Moslem Brotherhood and were an unofficial arm of the democrat-socialist party. Reid also thinks government funding of abortions was good because it eliminates unwanted children. The fact is that most of the government funding is for abortions of black babies and the legislation to fund those abortions was not approved until after research showed most already were black babies and funding it would increase that percentage. So that is why racist gave the socialist democrats the support for it.
If Japan’s interest rate rises just 0.2% on their national debt then 70% of their national income would go just to paying the interest on their national debt.

Portuguese bonds fell and the cost of insuring the nation’s debt rose to a record and the Euro weakened after Moody’s Investors Service said a bailout is inevitable. The interest Portugal pays on 10-year bonds climbed to 8.76%.

US Auto & Lt Truck Salesfor March are a week overdue as rumors of a slowdown loom due to Japanese parts shortages. Obama does not want to release the disappointing numbers.
A US government shutdown is looming.
Oil is at a 30-Month High.

World Markets:
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz.

Ireland's ratings were lowered again. Inflation in China and India is not yet in control. Yet Japan and the USA are able to keep

Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.

US Market Highlights

Latest reports
IS Manufacturing Index Mar dropped to 61.2.from 61.4
Construction Spending Feb fell -1.4% or -2.5% depending on whether last -0.7% or the manipulated -1.8% is correct. When the numbers look bad and they take spending numbers they receive and move them backward that is corruption because in another week they will have to adjust the present numbers as well. Either always compare final numbers a week later or compare them at the end of the month. They do but not and could have a 5-wk interval last month and a 3 or 4 week interval this month.
Auto and truck sales still not being reported.
ISM Services industry index fell to 57.3 from 59.7
Fed Minutes indicate the FED is continuing down the path Japan took to perpetual socialist style perpetual economic depression.
MBA Mortgage Index 04/01 fell again -2.0% after falling -7.5% last month as housing is in a full double downturn.
Crude Inventories 04/02 rose 1.952M after rising last month in spite of the highest April gasoline prices in the history of America. The last time that happened the economy was in a state of free-fall by the end of the year.

Yesterday
Data is adjusted for Obama’s obvious manipulation of data but not possible outright falsification like the socialists did in the USSR
Initial new unemployment Claims 04/02 were 386K virtually unchanged from 388K last week and twice as bad as job creation. , 1-% socialist manipulation removed.
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed

Today.
Apr 08 10:00 Wholesale

Market Outlook April 8, 2011

The world markets are now holding their breath waiting to see if the markets plunge as the Obama socialists follow the Japanese socialist plan which is government spending into a PIIGS type oblivion while Germany and Britain are belt tightening their governments and raising interest rates so that money has some value. If the Republicans back down on their miniscule government cut the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.

S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=

We think the next stock market support level will be down at Nov 4, 2010 levels.

We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.

World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Asian markets were up last night. China up 0.7%, Hong Kong up 0.4%, India down –0.7%, and Japan up 1.8%.

European markets are up this morning in a range of about 0.2% to 0.8% half way through their day.

US pre-market futures are up at about 0.3 % at 6:00 AM EST.