Obama now claims that illegal's who sneak across the Rio Grande River on the border with Mexico are no different than our forefathers.

Obama now claims that illegal's who sneak across the Rio Grande River on the border with Mexico are no different than our forefathers. The Mexican Special Forces that the CIA trained to help Mexico end the drug cartel have sold out to the drug cartel and are now create the worst violence in Mexico. There is a criminal lack of character being taught in the Mexican educational system and in many other violent areas of the world.
http://www.glennbeck.com/2011/04/25/obama-claims-those-who-came-to-america-by-illegally-crossing-rio-grande-same-as-those-who-came-to-ellis-island/

It has been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2. If they start QE3 that will mean America is now addicted to QE and then Obama and George Soros will have succeeded in destroying the American economy and in creating the Obama-American Banana Republic. FED continued easing is no longer effective and is now causing inflation.

Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.


When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?

It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.

World Markets:
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.

Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.

The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.

US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.

Yesterday
New Home Sales Mar rose to 300K from 270K last month.

This week
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr

Market Outlook April 26, 2011
Market volume declined another 20% Monday further indicating topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

The stock market is continuing to test its head and shoulders now. The last time it bounced encouraging the buyers to jump in. Now the test is of the previous highs had so far failed. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=

World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. 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 down again last night. China down –0.9%, Hong Kong down –0.6%, India down -0.2%, and Japan down –1.2%.

European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.

US pre-market futures are up today in a range of about 0.2% to 0.4 % at 6:30 AM EST.