Obama to honor the war criminal known as Hanoi Jane. For those of you too young to remember Hanoi Jane is a bad person and did some terrible things during the Vietnam War. Things that can not be forgiven! For those who served and/or died.
NEVER FORGIVE A TRAITOR. SHE REALLY WAS A TRAITOR! and now OBAMA wants to honor her......!!!!
This is for all the kids born in the 70's and after who do not remember, and didn't have to bear the burden that our fathers, mothers and older brothers and sisters had to bear. Jane Fonda is being honored as one of the '100 Women of the Century.'
BARBARA WALTERS WROTE:
Unfortunately, many have forgotten and still countless others have never known how Ms. Fonda betrayed not only the idea of our country, but specific men who served and sacrificed during Vietnam
This is from an F-4E pilot. The pilot's name is Jerry Driscoll, a River Rat. In 1968, the former Commandant of the USAF Survival School was a POW in Ho Lo Prison the ' Hanoi Hilton.' Dragged from a stinking cesspit of a cell, cleaned, fed, and dressed in clean PJ's, he was ordered to describe for a visiting American 'Peace Activist' the 'lenient and humane treatment' he’d received. He spat at Ms. Fond, was clubbed, and was dragged away. During the subsequent beating, he fell forward on to the camp Commandant 's feet, which sent that officer berserk. In 1978, the Air Force Colonel still suffered from double vision (which permanently ended his flying career) from the Commandant’s frenzied application of a wooden baton.
From 1963-65, Col. Larry Carrigan was in the 47FW/DO (F-4E's). He spent 6 years in the ' Hanoi Hilton’, the first three of which his family only knew he was 'missing in action'. His wife lived on faith that he was still alive. His group, too, got the cleaned-up, fed and clothed routine in preparation for a 'peace delegation’ visit. They, however, had time and devised a plan to get word to the world that they were alive and still survived. Each man secreted a tiny piece of paper, with his Social Security Number on it , in the palm of his hand. When paraded before Ms. Fonda and a cameraman, she walked the line, shaking each man's hand and asking little encouraging snippets like: 'Aren't you sorry you bombed babies?' and ‘Are you grateful for the humane treatment from your benevolent captors?' Believing this HAD to be an act, they each palmed her their sliver of paper. She took them all without missing a beat.. At the end of the line and once the camera stopped rolling, to the shocked disbelief of the POWs, she turned to the officer in charge and handed him all the little pieces of paper. Three men died from the subsequent beatings. Colonel Carrigan was almost number four but he survived, which is the only reason we know of her actions that day.
I was a civilian economic development advisor in Vietnam, and was captured by the North Vietnamese communists in South Vietnam in 1968, and held prisoner for over 5 years. I spent 27 months in solitary confinement; one year in a cage in Cambodia; and one year in a 'black box' in Hanoi. My North Vietnamese captors deliberately poisoned and murdered a female missionary, a nurse in a leprosarium in Banme Thuot, South Vietnam, whom I buried in the jungle near the Cambodian border. At one time, I weighed only about 90 lbs. (My normal weight is 170 lbs). We were Jane Fonda's 'war criminals....'
When Jane Fonda was in Hanoi, I was asked by the camp communist political officer if I would be willing to meet with her. I said yes, for I wanted to tell her about the real treatment we POWs received... and how different it was from the treatment purported by the North Vietnamese, and parroted by her as ‘humane and lenient.' Because of this, I spent three days on a rocky floor on my knees, with my arms outstretched with a large steel weight placed on my hands, and beaten with a bamboo cane. I had the opportunity to meet with Jane Fonda soon after I was released. I asked her if she would be willing to debate me on TV. She never did answer me. These first-hand experiences do not exemplify someone who should be honored as part of '100 Years of Great Women.' Lest we forget....' 100 Years of Great Women' should never include a traitor whose hands are covered with the blood of so many patriots. There are few things I have strong visceral reactions to, but Hanoi Jane's participation in blatant treason, is one of them. Please take the time to forward to as many people as you possibly can. It will eventually end up on her computer and she needs to know that we will never forget. RONALD D. SAMPSON, CMSgt, USAF 716 Maintenance Squadron, Chief of Maintenance DSN: 875-6431 COMM: 883-6343
World Markets:
Japan’s industrial production rose 1% whichwas less than economists forecast in April and unemployment climbed, increasing the likelihood that the economy will contract for a third quarter.
India ranked 87th out of 178 countries in the 2010 Corruption Perceptions Index conducted by Transparency International. Investors in Indian shares consider graft as much of a barrier to economic progress as inflation,
US Economic Highlights
Past Week Initial
Claims 05/21 424K up from 409K Obama is back to phony numbers again. He drops the number this week then when he drops the number again next week he goes back and raises the number back up for this week so people think unemployment is going down.
Consumer spending cooled in the first quarter more than previously estimated as the jump in food and fuel costs held back the biggest part of the U.S. economy.
Personal Income Apr rose 0.4% vs 0.5% the previous month
Personal Spending Apr rose 0.4% vs 0.6% the the previous month
PCE Prices - Core Apr 0.2% vs. 0.1% the previous month
Michigan Sentiment - Final May was 74.3 vs 72.4 the previous month
Pending Home Sales Apr declined -11.6% after being up 5.1% the previous month
This week
May 31 9:00 AM Case-Shiller 20-city Index Mar
May 31 9:45 AM Chicago PMI May
May 31 10:00 AM Consumer Confidence May
Jun 1 7:00 AM MBA Mortgage Index 05/27
Jun 1 7:30 AM Challenger Job Cuts May
Jun 1 8:15 AM ADP Employment Change May
Jun 1 10:00 AM ISM Index May
Jun 1 10:00 AM Construction Spending Apr
Jun 1 3:00 PM Auto Sales Jun
Jun 1 3:00 PM Truck Sales Jun
Jun 2 8:30 AM Initial Claims 05/28
Jun 2 8:30 AM Continuing Claims 05/21
Jun 2 8:30 AM Productivity-Rev. Q1
Jun 2 8:30 AM Unit Labor Costs-Rev. Q1
Jun 2 10:00 AM Factory Orders Apr
Jun 2 11:00 AM Crude Inventories 05/28-
Jun 3 8:30 AM Nonfarm Payrolls May
Jun 3 8:30 AM Nonfarm Private Payrolls May - -
Jun 3 8:30 AM Unemployment Rate May
Jun 3 8:30 AM Hourly Earnings May
Jun 3 8:30 AM Average Workweek May
Jun 3 10:00 AM ISM Services May
Market Outlook
May 31, 2011 U.S. stocks fell a fourth straight week, the longest slump in 15 months, as concern Europe’s debt crisis is worsening. Volume on rising markets plumeted to low levels not seen since February snowstorms. U.S. stocks colliding with 50DMA on low volume.
We are off QE2 and entering the summer period when people sell out and go on a vacation. The stock market has broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. If it bounces back down from the 50DMA it could stay there and continue down for a while. On a cash flow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic. http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is still a political myth. See: http://www.bloomberg.com/apps/quote?ticker=BDIY:IND Click on the 3yr chart and see full effect of the slowdown. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were up last night
European markets were flat this morning
.
Monday, May 30, 2011
Friday, May 27, 2011
China steals American technology. China should be sued so America can regain the money being stolen by the Chinese socialist thieves and pirates.
China steals American technology. China should be sued so America can regain the money being stolen by the Chinese socialist thieves and pirates. Apparently they even broke into our secret military files. Oh No! We hope China knows that Western Powers keep sabotaged plans available for them to copy so we can spy on them without them knowing it. We hope they know Japan stole phony battleship plans before WW2 and the USSR stole supersonic transport plans in the 1960-70’s and Japanese’s ships were easy to capsize and the first USSR supersonic transport exploded on cue at its first Paris Air show. Pray for the Chinese that one of the programs does not cause their Inter Continental Ballistic Missiles to shut down within 12.0273 seconds after launch so that all their atomic bombs fall on China. When we tap into China’s computers they have no way of detecting it. In fact they give us what we need when we let them break into certain computers. It is called retribution. We give them what they deserve
Microsoft Corp.'s revenue in China this year will be about 5% of what it gets in the U.S. even though personal-computer sales in the two countries are almost equal, Chief Executive Steve Ballmer said in remarks that offer new details on the software giant's struggle with piracy. Mr. Ballmer's remarks on China shed fresh light on the damage Microsoft believes piracy is causing it in the world's No. 2 economy. The company has long complained. The CEO said Microsoft's revenue per personal computer sold in China is only about a sixth of the amount it gets in India and that its total revenue in China is less than what it gets in the Netherlands, a country of less than 17 million people.
"We're literally talking about an opportunity that is billions of dollars today" if China's intellectual-property-rights protection were at the level of India's, he said. PC sales in China will be "as big as the U.S. market this year," he said, yet "our revenue in China will be about a twentieth of our revenue in the United States."
New Jersey Governor Chris Christie said he plans to pull his state out of the U.S. Northeast’s carbon market by the end of the year. The 10-state Regional Greenhouse Gas Initiative, a cap-and- trade program that regulates carbon-dioxide emissions, is “nothing more than a tax on electricity, a tax on our residents and on businesses with no discernible effect on our environment,” Christie, a 48-year-old Republican, told reporters in Trenton today. The program, similar to a cap-and-trade system backed by President Barack Obama that failed in Congress last year, requires power plants to pay for carbon dioxide released from their smokestacks. “We remain completely committed to the idea that we have a responsibility to make the environment of our state and world better,” Christie said. “We’re not going to do it by participating in gimmicky programs that don’t work.”
Units of Bank of America Corp. (BAC) and Morgan Stanley (MS) will pay $22.4 million for having improperly foreclosed on active duty soldiers without first obtaining court orders. including some who suffered severe injuries.
The Bank of America unit will pay $20 million to settle a lawsuit from about 160 members of the military between 2006 and 2009, the Justice Department said in a statement today. Morgan Stanley’s Saxon unit will pay $2.35 million for 17 service members from 2006 to 2009. Victims included people who served in Iraq and Afghanistan.
“The men and women who serve our nation in the armed forces deserve, at the very least, to know that they will not have their homes taken from them wrongfully while they are bravely putting their lives on the line on behalf of their country. The foreclosures violated the Service members Civil Relief Act, which was enacted to shield deployed military personnel from financial stress”, said Thomas Perez, the assistant attorney general overseeing the Justice Department’s civil rights division,
Lack of White House bi-partisan leadership is the reason the USA economy is flagging. Obama is trying so hard to get re-elected he is destroying bi-partisan initiative and the USA.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
Obama welfare is now rising at 40% per year according to FOX News. That includes housing subsidies and food stamps and vote buying. For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts.
World Markets:
The Greek government, which owns 20 percent of OTE, said May 23 that it might sell its entire holding in the former phone monopoly by the end of the second quarter to help reduce the largest debt ratio in the European Union. It has an option to sell 10 percent to Bonn-based Deutsche Telekom, which already owns a 30 percent stake and consolidates OTE under a shareholder agreement.
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
U.K. economy grew only 0.5% in first quarter.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
May 25 MBA Mortgage Index 05/20 improved only +1.1% after a +7.8% improvement the previous month.
Durable Orders Apr fell -3.6% after improving 4.1% last month
Durable Orders -ex Transportation Apr fell -1.5% after improvng 2.3% last month
FHFA Housing Price Index Mar rose 0.3% after falling -1.6% last month
Crude Inventories 05/21 were616K after declining -15K last month
GDP - Second Estimate Q1 1.8% unchanged
GDP Deflator - Second Estimate Q1 1.9% unchanged
Initial Claims 05/21 424K up from 409K
Obama is back to phony numbers again. He drops the number this week then when he drops the number again next week he goes back and raises the number back up for this week so people think unemployment is going down.
Continuing Claims 05/14 3690K down from 3711K
Consumer spending cooled in the first quarter more than previously estimated as the jump in food and fuel costs held back the biggest part of the U.S. economy.
Today
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 27, 2011
Yesterday, U.S. stocks still hovering above the 100DMA line
We are off QE2 and entering the summer period when people sell out and go on a vacation. The stock market has broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. If it bounces back down from the 50DMA it could stay there and continue down for a while. On a cash flow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well.
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were flat last night. China down –1%, Hong Kong up 1%, India up 1.2%, and Japan down 0.4%.
European markets are up this morning in a range of about 0.2% to 1% half way through their day.
US pre-market futures are flat today at about –0.1% at 7AM EST.
Microsoft Corp.'s revenue in China this year will be about 5% of what it gets in the U.S. even though personal-computer sales in the two countries are almost equal, Chief Executive Steve Ballmer said in remarks that offer new details on the software giant's struggle with piracy. Mr. Ballmer's remarks on China shed fresh light on the damage Microsoft believes piracy is causing it in the world's No. 2 economy. The company has long complained. The CEO said Microsoft's revenue per personal computer sold in China is only about a sixth of the amount it gets in India and that its total revenue in China is less than what it gets in the Netherlands, a country of less than 17 million people.
"We're literally talking about an opportunity that is billions of dollars today" if China's intellectual-property-rights protection were at the level of India's, he said. PC sales in China will be "as big as the U.S. market this year," he said, yet "our revenue in China will be about a twentieth of our revenue in the United States."
New Jersey Governor Chris Christie said he plans to pull his state out of the U.S. Northeast’s carbon market by the end of the year. The 10-state Regional Greenhouse Gas Initiative, a cap-and- trade program that regulates carbon-dioxide emissions, is “nothing more than a tax on electricity, a tax on our residents and on businesses with no discernible effect on our environment,” Christie, a 48-year-old Republican, told reporters in Trenton today. The program, similar to a cap-and-trade system backed by President Barack Obama that failed in Congress last year, requires power plants to pay for carbon dioxide released from their smokestacks. “We remain completely committed to the idea that we have a responsibility to make the environment of our state and world better,” Christie said. “We’re not going to do it by participating in gimmicky programs that don’t work.”
Units of Bank of America Corp. (BAC) and Morgan Stanley (MS) will pay $22.4 million for having improperly foreclosed on active duty soldiers without first obtaining court orders. including some who suffered severe injuries.
The Bank of America unit will pay $20 million to settle a lawsuit from about 160 members of the military between 2006 and 2009, the Justice Department said in a statement today. Morgan Stanley’s Saxon unit will pay $2.35 million for 17 service members from 2006 to 2009. Victims included people who served in Iraq and Afghanistan.
“The men and women who serve our nation in the armed forces deserve, at the very least, to know that they will not have their homes taken from them wrongfully while they are bravely putting their lives on the line on behalf of their country. The foreclosures violated the Service members Civil Relief Act, which was enacted to shield deployed military personnel from financial stress”, said Thomas Perez, the assistant attorney general overseeing the Justice Department’s civil rights division,
Lack of White House bi-partisan leadership is the reason the USA economy is flagging. Obama is trying so hard to get re-elected he is destroying bi-partisan initiative and the USA.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
Obama welfare is now rising at 40% per year according to FOX News. That includes housing subsidies and food stamps and vote buying. For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts.
World Markets:
The Greek government, which owns 20 percent of OTE, said May 23 that it might sell its entire holding in the former phone monopoly by the end of the second quarter to help reduce the largest debt ratio in the European Union. It has an option to sell 10 percent to Bonn-based Deutsche Telekom, which already owns a 30 percent stake and consolidates OTE under a shareholder agreement.
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
U.K. economy grew only 0.5% in first quarter.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
May 25 MBA Mortgage Index 05/20 improved only +1.1% after a +7.8% improvement the previous month.
Durable Orders Apr fell -3.6% after improving 4.1% last month
Durable Orders -ex Transportation Apr fell -1.5% after improvng 2.3% last month
FHFA Housing Price Index Mar rose 0.3% after falling -1.6% last month
Crude Inventories 05/21 were616K after declining -15K last month
GDP - Second Estimate Q1 1.8% unchanged
GDP Deflator - Second Estimate Q1 1.9% unchanged
Initial Claims 05/21 424K up from 409K
Obama is back to phony numbers again. He drops the number this week then when he drops the number again next week he goes back and raises the number back up for this week so people think unemployment is going down.
Continuing Claims 05/14 3690K down from 3711K
Consumer spending cooled in the first quarter more than previously estimated as the jump in food and fuel costs held back the biggest part of the U.S. economy.
Today
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 27, 2011
Yesterday, U.S. stocks still hovering above the 100DMA line
We are off QE2 and entering the summer period when people sell out and go on a vacation. The stock market has broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. If it bounces back down from the 50DMA it could stay there and continue down for a while. On a cash flow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well.
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were flat last night. China down –1%, Hong Kong up 1%, India up 1.2%, and Japan down 0.4%.
European markets are up this morning in a range of about 0.2% to 1% half way through their day.
US pre-market futures are flat today at about –0.1% at 7AM EST.
Thursday, May 26, 2011
The Palestinian socialists left Israel so that the Jews could be annihilated.
The Palestinian socialists left Israel so that the Jews could be annihilated.
The Palestinian’s were told by Moslem socialist leaders in 1949 to leave Israel so the Moslem Jihad armies could invade Israel and kill all the Jews in a post-Hitler holocaust. The Israelis settled Judea more than 3000 years ago. Jews and Christians were slaughtered and driven out by Moslems about 1200 years ago. The Palestinians have no right to return now and slaughter the Jews and Christians again in Israel as they do continuously in all the Moslem countries of the world.
Look what Obama just did in Egypt. The Jews were killed years ago but now the Moslem brotherhood is killing Christians in Egypt. Why doesn’t Obama and the UN bring all the Moslem nations before the World court. The Moslems have done much worse than the president of Socialist Republic of Serbia, Slobodan Milošević, who was the leader of the Socialist Party of Serbia. No one likes to point out that all the psychopath killers of the world like Hitler, Stalin, and the Serbian “Slob” and all of the Moslem murderers of women and Christians were and still are socialists applying big government management solutions to their populations.
After WWII all the Republican fighters in Poland and White Russia were rounded up and shot. Last year Poland got Russia to apologize for the execution of Polish officers when Stalin invaded Poland. The USSR had executed the entire Polish command and buried them in a mass grave. Then the Socialist took all the photographic documentation of the war and removed the Polish Republican fighters from the photos so that it would look like the socialists defeated the Nazis.
The socialists also don’t want American schools to teach the fact that Hitler did not start his war until he and Stalin had signed a Non-aggression Pact to destroy and divide Poland. The National Socialists of Hitler and International Socialists of Stalin had an agreement to each take half of Poland. Nazis are not Tea Party right wingers… Nazis are left wing socialists who want government solutions. The gas chambers were the Nationalist Socialist solution for the Jews.
Hitler only turned on Stalin because Stalin did not immediately invade Poland and fulfill his part of the bargain. So Hitler took all of Poland. That made Stalin angry and Stalin then turned against Hitler because Stalin wanted his half of Poland. Just before WWII was over, Stalin demanded that FDR and the British (at Potsdam) agree to give the USSR the eastern half of Poland that Hitler had promised Stalin. Stalin proposed that Eastern Germany be given to the Polish people who the Russians displaced. Socialist FDR agreed to the Hitler-Stalin deal and after the war the USSR moved in and displaced the Polish, the Polish Socialists moved in to Eastern Germany and killed or deported the Germans and millions of people of German ancestry were forced out as refugees. That part of Eastern Germany was then annexed to Poland to make up for the USSR annexation of eastern Poland.
It turns out the German refugees were much better off for getting out of the USSR Socialist block. The socialists do not want people to know the Nazis were big government socialists, not “right wing Tea Party type extremists” as the socialist GE/MSNBC/Pravda media still say. Washington, Adams, and Jefferson were the original Tea Party extremists and they wanted and got small government and human freedom on a scale never before achieved anywhere in the world.
Lack of White House bi-partisan leadership is the reason the USA economy is flagging. Obama is trying so hard to get re-elected he is destroying bi-partisan initiative and the USA.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
Obama welfare is now rising at 40% per year according to FOX News. That includes housing subsidies and food stamps and vote buying. For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media saboteurs staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and
World Markets:
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
U.K. economy grew only 0.5% in first quarter.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
May 25 MBA Mortgage Index 05/20 improved only +1.1% after a +7.8% improvement the previous month.
Durable Orders Apr fell -3.6% after improving 4.1% last month
Durable Orders -ex Transportation Apr fell -1.5% after improvng 2.3% last month
FHFA Housing Price Index Mar rose 0.3% after falling -1.6% last month
Crude Inventories 05/21 were616K after declining -15K last month
Today
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
This week
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 26, 2011
Yesterday, U.S. stocks hovering above the 100DMA line
The stock market has now broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were up last night. China down –0.3%, Hong Kong up 0.7%, India up 1.1%, and Japan up 1.4%.
European markets are flat this morning in a range of about 0.3% to -0.4% half way through their day.
US pre-market futures are flat today at about +0.2% at 8AM EST.
The Palestinian’s were told by Moslem socialist leaders in 1949 to leave Israel so the Moslem Jihad armies could invade Israel and kill all the Jews in a post-Hitler holocaust. The Israelis settled Judea more than 3000 years ago. Jews and Christians were slaughtered and driven out by Moslems about 1200 years ago. The Palestinians have no right to return now and slaughter the Jews and Christians again in Israel as they do continuously in all the Moslem countries of the world.
Look what Obama just did in Egypt. The Jews were killed years ago but now the Moslem brotherhood is killing Christians in Egypt. Why doesn’t Obama and the UN bring all the Moslem nations before the World court. The Moslems have done much worse than the president of Socialist Republic of Serbia, Slobodan Milošević, who was the leader of the Socialist Party of Serbia. No one likes to point out that all the psychopath killers of the world like Hitler, Stalin, and the Serbian “Slob” and all of the Moslem murderers of women and Christians were and still are socialists applying big government management solutions to their populations.
After WWII all the Republican fighters in Poland and White Russia were rounded up and shot. Last year Poland got Russia to apologize for the execution of Polish officers when Stalin invaded Poland. The USSR had executed the entire Polish command and buried them in a mass grave. Then the Socialist took all the photographic documentation of the war and removed the Polish Republican fighters from the photos so that it would look like the socialists defeated the Nazis.
The socialists also don’t want American schools to teach the fact that Hitler did not start his war until he and Stalin had signed a Non-aggression Pact to destroy and divide Poland. The National Socialists of Hitler and International Socialists of Stalin had an agreement to each take half of Poland. Nazis are not Tea Party right wingers… Nazis are left wing socialists who want government solutions. The gas chambers were the Nationalist Socialist solution for the Jews.
Hitler only turned on Stalin because Stalin did not immediately invade Poland and fulfill his part of the bargain. So Hitler took all of Poland. That made Stalin angry and Stalin then turned against Hitler because Stalin wanted his half of Poland. Just before WWII was over, Stalin demanded that FDR and the British (at Potsdam) agree to give the USSR the eastern half of Poland that Hitler had promised Stalin. Stalin proposed that Eastern Germany be given to the Polish people who the Russians displaced. Socialist FDR agreed to the Hitler-Stalin deal and after the war the USSR moved in and displaced the Polish, the Polish Socialists moved in to Eastern Germany and killed or deported the Germans and millions of people of German ancestry were forced out as refugees. That part of Eastern Germany was then annexed to Poland to make up for the USSR annexation of eastern Poland.
It turns out the German refugees were much better off for getting out of the USSR Socialist block. The socialists do not want people to know the Nazis were big government socialists, not “right wing Tea Party type extremists” as the socialist GE/MSNBC/Pravda media still say. Washington, Adams, and Jefferson were the original Tea Party extremists and they wanted and got small government and human freedom on a scale never before achieved anywhere in the world.
Lack of White House bi-partisan leadership is the reason the USA economy is flagging. Obama is trying so hard to get re-elected he is destroying bi-partisan initiative and the USA.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
Obama welfare is now rising at 40% per year according to FOX News. That includes housing subsidies and food stamps and vote buying. For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media saboteurs staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and
World Markets:
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
U.K. economy grew only 0.5% in first quarter.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
May 25 MBA Mortgage Index 05/20 improved only +1.1% after a +7.8% improvement the previous month.
Durable Orders Apr fell -3.6% after improving 4.1% last month
Durable Orders -ex Transportation Apr fell -1.5% after improvng 2.3% last month
FHFA Housing Price Index Mar rose 0.3% after falling -1.6% last month
Crude Inventories 05/21 were616K after declining -15K last month
Today
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
This week
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 26, 2011
Yesterday, U.S. stocks hovering above the 100DMA line
The stock market has now broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were up last night. China down –0.3%, Hong Kong up 0.7%, India up 1.1%, and Japan up 1.4%.
European markets are flat this morning in a range of about 0.3% to -0.4% half way through their day.
US pre-market futures are flat today at about +0.2% at 8AM EST.
Wednesday, May 25, 2011
The Palestinians have no right to return to Israel and slaughter the Jews and Christians again as they do continuously in all the Moslem countries
Israeli Prime Minister Benjamin Netanyahu wrapped up a five-day U.S. visit that began with a White House clash with President Barack Obama over Obama's Palestinian flub and ended with 29 standing ovations from Congress.
The Palestinian’s were told by Moslem socialist leaders in 1949 to leave Israel so the Moslem Jihad armies could invade Israel and kill all the Jews in a post-Hitler holocaust. The Israelis settled Judea more than 3000 years ago. Jews and Christians were slaughtered and driven out by Moslems about 1200 years ago. The Palestinians have no right to return to Israel and slaughter the Jews and Christians again as they do continuously in all the Moslem countries of the world today.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media saboteurs staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and
World Markets:
U.K. economy grew only 0.5% in first quarter.
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from importers and households derails an economy already laboring under a current-account deficit of 16 percent of gross domestic product. “A ’91-style meltdown is almost inevitable,” said Alexei Moiseev, chief economist the investment-banking arm of Russia’s state-owned VTB Group. “Rapid privatization is the only way that can help avert complete disaster.”
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month. Terrible
Building Permits in Apr fell to 551K from 594K last month. Terrible
US Industrial Production stopped growing in Apr after increasing 0.8% last month. Terrible
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010. Terrible
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
Today
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
This week
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 25, 2011
Yesterday, U.S. stock futures pared their losses as concern eased that some and Greece will sell (privatize) some government assets to repay all of their debt.
The stock market has now broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. It is likely we will bounce here and then have a major breakdown over the summer. This week is critical if the market is headed lower as downward capitulation is more probable. Then the 50 DMA line will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were down last night. China down –0.9%, Hong Kong up 0.1%, India down –0.9%, and Japan down –0.6%.
European markets are down slightly this morning in a range of about 0.1% to -0.3% half way through their day.
US pre-market futures are down today at about -0.2% at 7:30AM EST.
The Palestinian’s were told by Moslem socialist leaders in 1949 to leave Israel so the Moslem Jihad armies could invade Israel and kill all the Jews in a post-Hitler holocaust. The Israelis settled Judea more than 3000 years ago. Jews and Christians were slaughtered and driven out by Moslems about 1200 years ago. The Palestinians have no right to return to Israel and slaughter the Jews and Christians again as they do continuously in all the Moslem countries of the world today.
Citigroup Inc. slipped as a report said that the five biggest U.S. banks might face at least $17 billion in civil lawsuits.
For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media saboteurs staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and
World Markets:
U.K. economy grew only 0.5% in first quarter.
Applied Materials Inc., the world’s largest producer of chip-making material, forecast earnings that missed estimates, dropping 2.9 percent in German trading.
The Belarusian ruble weaken by 36 percent versus the dollar yesterday as demand for foreign currency from importers and households derails an economy already laboring under a current-account deficit of 16 percent of gross domestic product. “A ’91-style meltdown is almost inevitable,” said Alexei Moiseev, chief economist the investment-banking arm of Russia’s state-owned VTB Group. “Rapid privatization is the only way that can help avert complete disaster.”
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load.
Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments.
Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed.
German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month. Terrible
Building Permits in Apr fell to 551K from 594K last month. Terrible
US Industrial Production stopped growing in Apr after increasing 0.8% last month. Terrible
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010. Terrible
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
May 24 New Home Sales Apr rose to 323K from 301K last month a 7% improvement expected in the spring.
Today
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
This week
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 25, 2011
Yesterday, U.S. stock futures pared their losses as concern eased that some and Greece will sell (privatize) some government assets to repay all of their debt.
The stock market has now broken the lower resistance 50DMA line and we added a new 100DMA that is the current resistance level. If it breaks through the 100DMA we expect a panic. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. It is likely we will bounce here and then have a major breakdown over the summer. This week is critical if the market is headed lower as downward capitulation is more probable. Then the 50 DMA line will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are very complacent now and a 100DMA breakdown (within a month) will likely cause a panic.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were down last night. China down –0.9%, Hong Kong up 0.1%, India down –0.9%, and Japan down –0.6%.
European markets are down slightly this morning in a range of about 0.1% to -0.3% half way through their day.
US pre-market futures are down today at about -0.2% at 7:30AM EST.
Tuesday, May 24, 2011
Spain and Italy turn against Greece over reform efforts fearing that irresponsible Greece will drag the EU down.
Spain and Italy turn against Greece over reform efforts fearing that irresponsible Greece will drag the EU down.
The Market Oracle said, ”U.S. Housing Bear Market Resumes in 2011.” In the current 60-year cycle which began in 1954, the final “hard down” phase began in 2007 -- right on schedule as this was 7 years from the cycle’s anticipated bottom in 2014.
Dennis Slothower is another of the world’s leading technical analysts whose readers completely avoided losses during the disaster that was 2008. Now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This big correction could begin as soon as May 31st.
The economic effects of the U.S. defaulting could be "potentially catastrophic," Dimon said at a dinner for the University of Colorado Denver Business School this past week. The U.S. is the financial linchpin of the world, and "It will dwarf Lehman," said, referring to the 2008 collapse which was the beginning of the global financial crisis of 2008.
CLSA's Russell Napier pointed out in his recent prominent note; " investors are better off watching from the sidelines." He further explained: "A risk to revelation would send equities sharply lower. With equities near bubble valuations, based on cyclically adjusted PE, a failure to reflate risks major downside." His outlook is that first we will see another major deflationary shock, following which the Fed already boxed in a corner, will have two choices: let major financial institutions fail, or proceed to monazite outright. Regardless of which outcome is picked, Napier's target for the S&P, which just happens to coincide with that of Albert Edwards, is not pleasant for the bulls: 400 (or somewhere in that vicinity). And that will be the true generational buying bottom.
For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and Thursday. Obama also called for the destruction of Israel last week by demanding their return to the indefensible borders of 1967. If he chose 1944 instead he could not have been any clearer about his hate for Israel. Most leftists hate Israel now, but remember the Leftist National Socialists in Europe (NAZI) in 1939 were on the rise and no different than Socialist dictators in Venezuela, Cuba, Libya, Syria, Iran, or Rwanda today.
World Markets:
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load. Belgium needs to reduce its budget deficit to less than 3 percent of gross domestic product next year and balance its books by 2015, as agreed with the European Commission. Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments. Greek and Irish bonds led declines in the securities of the most indebted nations, while the cost of default insurance rose on concern that the region’s fiscal crisis is deepening. Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed. German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Manufacturers in Europe and China hit the brakes this month on price pressures as tighter policy measures to control inflation began to bite, as new Monday data indicated. Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
Spain and Italy turn against Greece over reform efforts fearing irresponsible Greece will destabilize the EU.
When Greece’s financial decision makers were summoned to secret talks at a Luxembourg castle by their euro zone partners this month, they did not expect it would be Spain and Italy, as opposed to Germany, that would take the lead in upbraiding Greece for not pushing faster on privatization and tax overhauls. Spain and Italy were furious and accused Greece of threatening to bring contagion back to their markets. The Spanish Socialist party since then had its worst electoral setback in more than 30 years.
The Fed is scheduled to stop purchasing Treasuries in June, reducing its injections of money into the world financial systems. Japan already entered a new recession due to the earthquake in the first quarter and Europe’s debt crisis is deepening. A drop this month wiped out all the gains since mid-March in the Standard & Poor’s GSCI Index of 24 commodities and sent the MSCI World Index of stocks down 3.37 percent after dividends.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month. Terrible
Building Permits in Apr fell to 551K from 594K last month. Terrible
US Industrial Production stopped growing in Apr after increasing 0.8% last month. Terrible
Capacity Utilization Apr fell 76.9% from 77.4% last month.
FOMC Minutes May indicate QE2 is being phased out.
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010. Terrible
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
This week
May 24 10:00 AM New Home Sales Apr
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 24, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday and fell Friday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line that will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were flat last night. China down –0.3%, Hong Kong up 0.1%, India up 0.1%, and Japan up 0.2%.
European markets are down sharply this morning in a range of about 0.1% to 0.5% half way through their day.
US pre-market futures are up today at about 0.3% at 6:30AM EST.
The Market Oracle said, ”U.S. Housing Bear Market Resumes in 2011.” In the current 60-year cycle which began in 1954, the final “hard down” phase began in 2007 -- right on schedule as this was 7 years from the cycle’s anticipated bottom in 2014.
Dennis Slothower is another of the world’s leading technical analysts whose readers completely avoided losses during the disaster that was 2008. Now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This big correction could begin as soon as May 31st.
The economic effects of the U.S. defaulting could be "potentially catastrophic," Dimon said at a dinner for the University of Colorado Denver Business School this past week. The U.S. is the financial linchpin of the world, and "It will dwarf Lehman," said, referring to the 2008 collapse which was the beginning of the global financial crisis of 2008.
CLSA's Russell Napier pointed out in his recent prominent note; " investors are better off watching from the sidelines." He further explained: "A risk to revelation would send equities sharply lower. With equities near bubble valuations, based on cyclically adjusted PE, a failure to reflate risks major downside." His outlook is that first we will see another major deflationary shock, following which the Fed already boxed in a corner, will have two choices: let major financial institutions fail, or proceed to monazite outright. Regardless of which outcome is picked, Napier's target for the S&P, which just happens to coincide with that of Albert Edwards, is not pleasant for the bulls: 400 (or somewhere in that vicinity). And that will be the true generational buying bottom.
For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and Thursday. Obama also called for the destruction of Israel last week by demanding their return to the indefensible borders of 1967. If he chose 1944 instead he could not have been any clearer about his hate for Israel. Most leftists hate Israel now, but remember the Leftist National Socialists in Europe (NAZI) in 1939 were on the rise and no different than Socialist dictators in Venezuela, Cuba, Libya, Syria, Iran, or Rwanda today.
World Markets:
Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load. Belgium needs to reduce its budget deficit to less than 3 percent of gross domestic product next year and balance its books by 2015, as agreed with the European Commission. Belgium’s debt load swelled to 96.8 percent of GDP at the end of 2010. That’s the third highest among the 17 nations sharing the euro, behind Greece and Italy
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments. Greek and Irish bonds led declines in the securities of the most indebted nations, while the cost of default insurance rose on concern that the region’s fiscal crisis is deepening. Italian bonds dropped after the nation’s credit-rating outlook was revised downward from stable to negative by Standard & Poor’s on May 20. Yields on 10-year Greek debt rose to a euro-era record, while those on Spanish and Portuguese bonds also climbed. German bund yields fell to a four-month low as a report showed European services and manufacturing growth slowed in May by more than economists predicted.
Manufacturers in Europe and China hit the brakes this month on price pressures as tighter policy measures to control inflation began to bite, as new Monday data indicated. Preliminary purchasing managers’ surveys pointed to slower economic growth in the euro zone and in China in the second quarter. Growth in the EU’s dominant service sector also slowed more sharply than expected.
Spain and Italy turn against Greece over reform efforts fearing irresponsible Greece will destabilize the EU.
When Greece’s financial decision makers were summoned to secret talks at a Luxembourg castle by their euro zone partners this month, they did not expect it would be Spain and Italy, as opposed to Germany, that would take the lead in upbraiding Greece for not pushing faster on privatization and tax overhauls. Spain and Italy were furious and accused Greece of threatening to bring contagion back to their markets. The Spanish Socialist party since then had its worst electoral setback in more than 30 years.
The Fed is scheduled to stop purchasing Treasuries in June, reducing its injections of money into the world financial systems. Japan already entered a new recession due to the earthquake in the first quarter and Europe’s debt crisis is deepening. A drop this month wiped out all the gains since mid-March in the Standard & Poor’s GSCI Index of 24 commodities and sent the MSCI World Index of stocks down 3.37 percent after dividends.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month. Terrible
Building Permits in Apr fell to 551K from 594K last month. Terrible
US Industrial Production stopped growing in Apr after increasing 0.8% last month. Terrible
Capacity Utilization Apr fell 76.9% from 77.4% last month.
FOMC Minutes May indicate QE2 is being phased out.
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010. Terrible
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
This week
May 24 10:00 AM New Home Sales Apr
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 24, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday and fell Friday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line that will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were flat last night. China down –0.3%, Hong Kong up 0.1%, India up 0.1%, and Japan up 0.2%.
European markets are down sharply this morning in a range of about 0.1% to 0.5% half way through their day.
US pre-market futures are up today at about 0.3% at 6:30AM EST.
Monday, May 23, 2011
For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts.
Stock markets in Asia and Europe plunged today as Obama visited Ireland the week after the Queen of England. For the first time since the Great Depression, government payoffs to socialists in America exceed tax receipts. All this week, the FOX Business Network will explore the idea that Obama has made America a nation of takers, instead of makers. Obama socialist media staged demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown last Wednesday and Thursday. Obama also called for the destruction of Israel last week by demanding their return to the indefensible borders of 1967. If he chose 1944 instead he could not have been any clearer about his hate for Israel. Most leftists hate Israel now, but remember the Leftist National Socialists in Europe (NAZI) in 1939 were on the rise and no different than Socialist dictators in Venezuela, Cuba, Libya, Syria, Iran, or Rwanda today.
World Markets:
Asian and European appear to be plunging the start of this week.
Spanish Socialist party had its worst electoral setback in more than 30 years, prompting a shift in regional governments that risks reviving concern over public finances.
The depreciation of the EURO shows investors are downgrading their estimates of global economic growth. The Fed is scheduled to stop purchasing Treasuries in June, reducing its injections of money into the world financial systems. Japan already entered a new recession due to the earthquake in the first quarter and Europe’s debt crisis is deepening. A drop this month wiped out all the gains since mid-March in the Standard & Poor’s GSCI Index of 24 commodities and sent the MSCI World Index of stocks down 3.37 percent after dividends.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
FOMC Minutes May indicate QE2 is being phased out.
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010.
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
This week
May 24 10:00 AM New Home Sales Apr
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 23, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday and fell Friday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action as well. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line that will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were down sharply last night. China down –2.9%, Hong Kong down –2.1%, India down –1.8%, Jakarta down –2.5%, Seoul down –2.6%, and Japan down –1.5%.
European markets are down sharply this morning in a range of about -1.2% to -1.8% half way through their day.
US pre-market futures are down sharply today at about –0.9% at 7AM EST.
World Markets:
Asian and European appear to be plunging the start of this week.
Spanish Socialist party had its worst electoral setback in more than 30 years, prompting a shift in regional governments that risks reviving concern over public finances.
The depreciation of the EURO shows investors are downgrading their estimates of global economic growth. The Fed is scheduled to stop purchasing Treasuries in June, reducing its injections of money into the world financial systems. Japan already entered a new recession due to the earthquake in the first quarter and Europe’s debt crisis is deepening. A drop this month wiped out all the gains since mid-March in the Standard & Poor’s GSCI Index of 24 commodities and sent the MSCI World Index of stocks down 3.37 percent after dividends.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
FOMC Minutes May indicate QE2 is being phased out.
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010.
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
This week
May 24 10:00 AM New Home Sales Apr
May 25 7:00 AM MBA Mortgage Index 05/20
May 25 8:30 AM Durable Orders Apr
May 25 8:30 AM Durable Orders -ex Transportation Apr
May 25 10:00 AM FHFA Housing Price Index Mar
May 25 10:30 AM Crude Inventories 05/21
May 26 8:30 AM GDP - Second Estimate Q1
May 26 8:30 AM GDP Deflator - Second Estimate Q1
May 26 8:30 AM Initial Claims 05/21
May 26 8:30 AM Continuing Claims 05/14
May 27 8:30 AM Personal Income Apr
May 27 8:30 AM Personal Spending Apr
May 27 8:30 AM PCE Prices - Core Apr
May 27 9:55 AM Michigan Sentiment - Final May
May 27 10:00 AM Pending Home Sales Mar
Market Outlook May 23, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday and fell Friday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action as well. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line that will become the new upper limit of the trend line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
World recovery is still a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming. This was GE/MSNBC/Pravda’s main chart for following China’s growth until it showed stagnation instead.
Asian markets were down sharply last night. China down –2.9%, Hong Kong down –2.1%, India down –1.8%, Jakarta down –2.5%, Seoul down –2.6%, and Japan down –1.5%.
European markets are down sharply this morning in a range of about -1.2% to -1.8% half way through their day.
US pre-market futures are down sharply today at about –0.9% at 7AM EST.
Friday, May 20, 2011
Obama now demands that Israel return to the indefensible 1967 borders.
Obama now demands that Israel return to the indefensible 1967 borders. At that time, all of Israel’s neighbors brought troops and tanks to the borders of Israel to annihilate Israel. Israel’s airforce first annihilated the combined air forces of the Moslem Jihadists and then drove the Jihadists back to borders that have slowly been negotiated away for peace. Now our dim wit American administration demands Israel give up everything because Obama has done nothing for mid-east peace. Now the Egyptian Jihadist “Brotherhood” is poised to take over Egypt. Obama has not brought freedom to the Mid-East he has brought Sharia law instead. Obama is totally incompetent and is continuously about one week behind the Jihadists in his thinking (if it can be called thinking).
Obama socialist media stage demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters had set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown on Wednesday and Thursday.
Obama supporters cheat on their taxes and are forgiven and made his Czars ruling the rest of honest America. His illegal foreign Moslem supporters return American taxpayer foreign aid to his campaign in thousands of individual contributions because no contribution less than $400 needs to be reported. That is the reason Obama gets all those small contributions. Obama is the most corrupt president in history. In Connecticut it was just announced that about $8Million from one state department has just been made available for no-money down mortgages so the crooks can get mortgages again and then default at taxpayer expense and the corrupt banks don’t lose a cent in the process. That is how socialist corruption works. In the end we are all impoverished.
Obama regulations limit capitalism and profits, and require his political opponents to reveal their sources but allow total corruption as long as it helps him get $Billions in his multiple reelection slush funds. Ted Butler of ETF Daily News, “The reoccurring theme, is that the CTFC Commissioners refusal to enforce the law has signaled to all parties in the physical silver COMEX futures market, the NYSE and all the various other exchanges in which the trading of silver-related stocks and options are conducted, is that it is open season for manipulation of the silver and silver related markets, regardless of how illegal and blatant it has become, and regardless of how damaging it has been and will continue to be to the multitude of small private investors.”
The head of the IMF should be from countries that do the bailing out. The EU’s most socialist countries are the areas that need to be bailed out. Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a recipe for corruption and graft. Usually it is the USA that historically bails out others.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy. But China is far more stable than Russia and is trying to understand republics and free enterprise.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Yesterday
The MBA Mortgage Index 05/13 applications composite index increased 7.8% from the preceding week. The rise in the composite index masked a drop of 3.5% in the purchase index. The refinance index posted an impressive 13.5% increase, extending its recent gains over the past few weeks. Mortgage rates continue to move lower, and refinancing has intensified in tandem. It is down from the 8.2% increase the previous week.
Crude Inventories 05/14 held constant at 3.703M which looks like a mistake.
FOMC Minutes May indicate QE2 is being phased out.
Today
Initial Claims 05/14 were409K down from 434K last week. Good
Continuing Claims 05/07 3711K down from 3756K last week. Good
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010.
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
Market Outlook May 20, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
In two years international stocks have achieved 70% of the excesses of the 2007 bubble but International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were mixed last night. China down -0.1%, Hong Kong up 0.2%, Taiwan down -0.3%, Seoul down –0.6%, and Japan down –0.1%
European markets are flat this morning in a range of about -0.3% to 0.4% half way through their day.
US pre-market futures are flat today at about -.2% at 7AM EST.
Obama socialist media stage demonstrations against American Special Forces in Afghanistan because the Taliban is loosing. Obama’s supporters had set up the cameras and had the Taliban supporters’ march directly at the camera's making a dramatic news clip. It was obviously staged and shown on Wednesday and Thursday.
Obama supporters cheat on their taxes and are forgiven and made his Czars ruling the rest of honest America. His illegal foreign Moslem supporters return American taxpayer foreign aid to his campaign in thousands of individual contributions because no contribution less than $400 needs to be reported. That is the reason Obama gets all those small contributions. Obama is the most corrupt president in history. In Connecticut it was just announced that about $8Million from one state department has just been made available for no-money down mortgages so the crooks can get mortgages again and then default at taxpayer expense and the corrupt banks don’t lose a cent in the process. That is how socialist corruption works. In the end we are all impoverished.
Obama regulations limit capitalism and profits, and require his political opponents to reveal their sources but allow total corruption as long as it helps him get $Billions in his multiple reelection slush funds. Ted Butler of ETF Daily News, “The reoccurring theme, is that the CTFC Commissioners refusal to enforce the law has signaled to all parties in the physical silver COMEX futures market, the NYSE and all the various other exchanges in which the trading of silver-related stocks and options are conducted, is that it is open season for manipulation of the silver and silver related markets, regardless of how illegal and blatant it has become, and regardless of how damaging it has been and will continue to be to the multitude of small private investors.”
The head of the IMF should be from countries that do the bailing out. The EU’s most socialist countries are the areas that need to be bailed out. Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a recipe for corruption and graft. Usually it is the USA that historically bails out others.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy. But China is far more stable than Russia and is trying to understand republics and free enterprise.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Yesterday
The MBA Mortgage Index 05/13 applications composite index increased 7.8% from the preceding week. The rise in the composite index masked a drop of 3.5% in the purchase index. The refinance index posted an impressive 13.5% increase, extending its recent gains over the past few weeks. Mortgage rates continue to move lower, and refinancing has intensified in tandem. It is down from the 8.2% increase the previous week.
Crude Inventories 05/14 held constant at 3.703M which looks like a mistake.
FOMC Minutes May indicate QE2 is being phased out.
Today
Initial Claims 05/14 were409K down from 434K last week. Good
Continuing Claims 05/07 3711K down from 3756K last week. Good
Existing Home Sales Apr 5.05M down from 5.09M last month. Bad
The Philadelphia Federal Reserve Bank said its business activity index slumped to 3.9 from 18.5 in April. It was the index's lowest level since October 2010.
Leading Indicators Apr -0.3% down from 0.4% last month. Terrible! Two quarters of that would be the definition of another recession.
Market Outlook May 20, 2011
The stock market has now broken the lower resistance line and did not bounce above it on Thursday. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
In two years international stocks have achieved 70% of the excesses of the 2007 bubble but International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were mixed last night. China down -0.1%, Hong Kong up 0.2%, Taiwan down -0.3%, Seoul down –0.6%, and Japan down –0.1%
European markets are flat this morning in a range of about -0.3% to 0.4% half way through their day.
US pre-market futures are flat today at about -.2% at 7AM EST.
Thursday, May 19, 2011
Obama regulations limit capitalism and profits, and require opponents to reveal their sources but allow total corruption as long as it helps him get $
Obama regulations limit capitalism and profits, and require opponents to reveal their sources but allow total corruption as long as it helps him get $Billions in his multiple reelection slush funds. Ted Butler of ETF Daily News, “The reoccurring theme, is that the CTFC Commissioners refusal to enforce the law has signaled to all parties in the physical silver COMEX futures market, the NYSE and all the various other exchanges in which the trading of silver-related stocks and options are conducted, is that it is open season for manipulation of the silver and silver related markets, regardless of how illegal and blatant it has become, and regardless of how damaging it has been and will continue to be to the multitude of small private investors.”
Charming No More: Strauss-Kahn Braces for the Wrath of American Puritanism
— Le Nouvel Observateur
The head of the IMF should be from countries that do the bailing out. The EU’s most socialist countries are the areas that need to be bailed out. Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a recipe for corruption and graft. Usually it is the USA that historically bails out others.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
The MSCI Asia Pacific Index slid 0.3 percent after Japan reported its economy shrank more than estimated last quarter and Gartner Inc. said Samsung Electronics Co.’s market share in mobile devices declined.
Pakistan's Prime Minister Yousuf Raza Gilani held talks with Chinese Premier Wen Jiabao at the Great Hall of the People in Beijing on Wednesday. They were expected to witness the signing of agreements in fields ranging from banking to defense amid heightened tensions between Washington and Islamabad.
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy. But China is far more stable than Russia and is trying to understand republics and free enterprise.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Yesterday
The MBA Mortgage Index 05/13 applications composite index increased 7.8% from the preceding week. The rise in the composite index masked a drop of 3.5% in the purchase index. The refinance index posted an impressive 13.5% increase, extending its recent gains over the past few weeks. Mortgage rates continue to move lower, and refinancing has intensified in tandem. It is down from the 8.2% increase the previous week.
Crude Inventories 05/14 held constant at 3.703M which looks like a mistake.
FOMC Minutes May indicate QE2 is being phased out.
Today
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 19, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were mixed last night. China down -0.5%, Hong Kong up 0.7%, India up 0.3%, Seoul down –1.9%, and Japan down –0.4%
European markets are up this morning in a range of about 0.3% to 1.3% half way through their day.
US pre-market futures are up today about 0.3% at 7AM EST.
Charming No More: Strauss-Kahn Braces for the Wrath of American Puritanism
— Le Nouvel Observateur
The head of the IMF should be from countries that do the bailing out. The EU’s most socialist countries are the areas that need to be bailed out. Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a recipe for corruption and graft. Usually it is the USA that historically bails out others.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
The MSCI Asia Pacific Index slid 0.3 percent after Japan reported its economy shrank more than estimated last quarter and Gartner Inc. said Samsung Electronics Co.’s market share in mobile devices declined.
Pakistan's Prime Minister Yousuf Raza Gilani held talks with Chinese Premier Wen Jiabao at the Great Hall of the People in Beijing on Wednesday. They were expected to witness the signing of agreements in fields ranging from banking to defense amid heightened tensions between Washington and Islamabad.
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy. But China is far more stable than Russia and is trying to understand republics and free enterprise.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Past Week
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Yesterday
The MBA Mortgage Index 05/13 applications composite index increased 7.8% from the preceding week. The rise in the composite index masked a drop of 3.5% in the purchase index. The refinance index posted an impressive 13.5% increase, extending its recent gains over the past few weeks. Mortgage rates continue to move lower, and refinancing has intensified in tandem. It is down from the 8.2% increase the previous week.
Crude Inventories 05/14 held constant at 3.703M which looks like a mistake.
FOMC Minutes May indicate QE2 is being phased out.
Today
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 19, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in the market at this time. This week is critical if the market is headed lower as downward capitulation is more probable at the 50 DMA line.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were mixed last night. China down -0.5%, Hong Kong up 0.7%, India up 0.3%, Seoul down –1.9%, and Japan down –0.4%
European markets are up this morning in a range of about 0.3% to 1.3% half way through their day.
US pre-market futures are up today about 0.3% at 7AM EST.
Wednesday, May 18, 2011
Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a receipt for corruption and graft.
The head of the IMF should be from countries that do the bailing out. The EU’s most socialist countries are the areas that need to be bailed out. Having any group that needs the bailout deciding how much to give of OPM (other people’s money) is a recipe for corruption and graft. Usually it is the USA that historically bails out others.
Dominique Strauss-Kahn, the International Monetary Fund chief is locked up at New York’s Rikers Island jail complex on charges of sexual assault and attempted rape, may still be able to arrange bail while awaiting trial.
Strauss-Kahn, 62, is accused of attacking an employee at a midtown Manhattan Sofitel and forcing her to perform sex acts. Strauss-Kahn was arrested May 14 and on May 16 ordered held without bail after prosecutors said he was a flight risk. Strauss-Kahn was placed on a 24-hour suicide watch. At the bail hearing, Strauss-Kahn’s lawyer, told the judge that the district attorney invited him to come back to them with some sort of bail package.
If he skips bail NYC keeps the money and avoids the cost of a high-profile trial.
Leftists get angry if you burn the Koran. Leftists get angry if you do not burn the Bible. Read George Orwells “1984” for how socialism works. Read Ayn Rand, some one who escaped the USSR. As the world falls back into the socialism that arose with the National and International socialists of the 19th and again in the 20th century, socialists will begin incredible genocide again, as the socialists just love to vent that way. They know spring has arrived in the forests of Eastern Europe, the hills of Turkey, and the rice patties of Asia when the human bones pop out of the soil. Pity Israel if America does not reverse Obama’s trend toward socialism.
http://www.youtube.com/watch?v=ErzxOz3Dzv8&feature=player_embedded#at=194
The real threat is that the field of USA presidential contenders continues to decline. The Newt Gingrich meltdown this week was an attack on the only group that is trying to reverse the American decline into the socialist abyss. This decline in candidate quality is making the American decline more inevitable. It is one thing that respect for the opposition has already vanished but Newt shows even the opposition to socialism is self- destructing.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Yesterday
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Today
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
This week
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 18, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Wider market swings occur as volatility/risk increases.
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were up last night. China up 0.7%, Hong Kong up 0.5%, India down -0.3%, and Japan up 1%
European markets are up this morning in a range of about 0% to 0.7% half way through their day.
US pre-market futures are up today about 0.2% at 7:30 AM EST.
Dominique Strauss-Kahn, the International Monetary Fund chief is locked up at New York’s Rikers Island jail complex on charges of sexual assault and attempted rape, may still be able to arrange bail while awaiting trial.
Strauss-Kahn, 62, is accused of attacking an employee at a midtown Manhattan Sofitel and forcing her to perform sex acts. Strauss-Kahn was arrested May 14 and on May 16 ordered held without bail after prosecutors said he was a flight risk. Strauss-Kahn was placed on a 24-hour suicide watch. At the bail hearing, Strauss-Kahn’s lawyer, told the judge that the district attorney invited him to come back to them with some sort of bail package.
If he skips bail NYC keeps the money and avoids the cost of a high-profile trial.
Leftists get angry if you burn the Koran. Leftists get angry if you do not burn the Bible. Read George Orwells “1984” for how socialism works. Read Ayn Rand, some one who escaped the USSR. As the world falls back into the socialism that arose with the National and International socialists of the 19th and again in the 20th century, socialists will begin incredible genocide again, as the socialists just love to vent that way. They know spring has arrived in the forests of Eastern Europe, the hills of Turkey, and the rice patties of Asia when the human bones pop out of the soil. Pity Israel if America does not reverse Obama’s trend toward socialism.
http://www.youtube.com/watch?v=ErzxOz3Dzv8&feature=player_embedded#at=194
The real threat is that the field of USA presidential contenders continues to decline. The Newt Gingrich meltdown this week was an attack on the only group that is trying to reverse the American decline into the socialist abyss. This decline in candidate quality is making the American decline more inevitable. It is one thing that respect for the opposition has already vanished but Newt shows even the opposition to socialism is self- destructing.
The influential banking community and unions contribute so much to the $1 Billion that Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets:
Economic fraud and corruption in China is becoming more visible now as foreign investors begin to take losses. This could be close to the end for China. Russia went through the same thing in the 1990’s before becoming a socialist gangster economy.
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
US Economic Highlights
Yesterday
NY Manufacturing activity in May plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Housing Starts in Apr fell to 523K from 549K last month.
Building Permits in Apr fell to 551K from 594K last month.
Industrial Production stopped growing in Apr after increasing 0.8% last month.
Capacity Utilization Apr fell 76.9% from 77.4% last month.
Today
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
This week
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 18, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Wider market swings occur as volatility/risk increases.
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were up last night. China up 0.7%, Hong Kong up 0.5%, India down -0.3%, and Japan up 1%
European markets are up this morning in a range of about 0% to 0.7% half way through their day.
US pre-market futures are up today about 0.2% at 7:30 AM EST.
Tuesday, May 17, 2011
Leftists get angry if you burn the Koran.
Leftists get angry if you burn the Koran. Leftists get angry if you do not burn the Bible. Read George Orwells “1984” for how socialism works. Read Ayn Rand, some one who escaped the USSR. As the world falls back into the socialism that arose with the National and International socialists of the 19th and again in the 20th century, socialists will begin incredible genocide again, as the socialists just love to vent that way. They know spring has arrived in the forests of Eastern Europe, the hills of Turkey, and the rice patties of Asia when the human bones pop out of the soil. Pity Israel if America does not reverse Obama’s trend toward socialism.
http://www.youtube.com/watch?v=ErzxOz3Dzv8&feature=player_embedded#at=194
Social Security and Medicare face an increasingly dismal fiscal future; the federal government reported Friday in its annual review of the two mammoth entitlement programs. The problem is that it fully covers people who never worked and contributed to the program. If Social Security and Medicare went bankrupt medical costs would plummet because doctors and medicine makers have to eat too. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. When social security was created people lived just two years beyond retirement. Thanks to the programs people now live much longer with expensive programs like state paid new knees and hips and free AIDS medication so that the individuals who take high risks live longer and infect more people until the system goes bankrupt. Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last year’s projections.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for medical treatment in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
World Markets:
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
..
Another woman came forward with a similar complaint in Paris against Dominique Strauss-Khan, the socialist head of the International Monetary Fund. The EU appointee, was arrested in NYC for attempted rape of a Sofitel hotel maid. The USA created the IMF and was the IMF head for many years and now the socialists have corrupted the organization. It is time either for the USA to take back control of the IMF or to withdraw all USA funding.
Sen. John Kerry gave Pakistan's army chief a list of "specific demands" relating to Islamic Socialist Pakistan's harboring of Islamic jihadists ahead of meetings that could put an end to nuclear weapons in Pakistan. China has apparently expressed an interest is removing atomic bombs held by certifiably insane socialist Islamists on their border.
US Economic Highlights
Yesterday
Empire Manufacturing May activity plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Today
May 17 8:30 AM Housing Starts Apr
May 17 8:30 AM Building Permits Apr
May 17 9:15 AM Industrial Production Apr
May 17 9:15 AM Capacity Utilization Apr
This week
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 17, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Wider market swings occur as volatility/risk increases.
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
The real threat is that the field of presidential contenders continues to decline. The Newt Gingrich meltdown this week was an attack on the only group that is trying to reverse the American decline into the socialist abyss. This decline in candidate quality is making the American decline more inevitable. It is one thing that respect for the opposition has already vanished but Newt shows even the opposition to socialism is self- destructing.
The influential banking community and unions contribute so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were down last night. China up 0.1%, Hong Kong down –0.3%, India down -1.1%, Taiwan down –0.3%, Seoul down –0.1%, and Japan up 0.1%
European markets are down this morning in a range of about 0% to –1% half way through their day.
US pre-market futures are up today about 0.1% at 8 AM EST.
http://www.youtube.com/watch?v=ErzxOz3Dzv8&feature=player_embedded#at=194
Social Security and Medicare face an increasingly dismal fiscal future; the federal government reported Friday in its annual review of the two mammoth entitlement programs. The problem is that it fully covers people who never worked and contributed to the program. If Social Security and Medicare went bankrupt medical costs would plummet because doctors and medicine makers have to eat too. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. When social security was created people lived just two years beyond retirement. Thanks to the programs people now live much longer with expensive programs like state paid new knees and hips and free AIDS medication so that the individuals who take high risks live longer and infect more people until the system goes bankrupt. Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last year’s projections.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for medical treatment in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
World Markets:
German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
..
Another woman came forward with a similar complaint in Paris against Dominique Strauss-Khan, the socialist head of the International Monetary Fund. The EU appointee, was arrested in NYC for attempted rape of a Sofitel hotel maid. The USA created the IMF and was the IMF head for many years and now the socialists have corrupted the organization. It is time either for the USA to take back control of the IMF or to withdraw all USA funding.
Sen. John Kerry gave Pakistan's army chief a list of "specific demands" relating to Islamic Socialist Pakistan's harboring of Islamic jihadists ahead of meetings that could put an end to nuclear weapons in Pakistan. China has apparently expressed an interest is removing atomic bombs held by certifiably insane socialist Islamists on their border.
US Economic Highlights
Yesterday
Empire Manufacturing May activity plunged to 11.9 from 21.7 last month. Terrible
Net long-term TIC Flows Mar into the USA declined to $24.0B from $26.9B, not good.
NAHB Housing Market Index May was 16 stabilizing at a low of 16.
Today
May 17 8:30 AM Housing Starts Apr
May 17 8:30 AM Building Permits Apr
May 17 9:15 AM Industrial Production Apr
May 17 9:15 AM Capacity Utilization Apr
This week
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 17, 2011
The stock market has now broken the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was no new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Wider market swings occur as volatility/risk increases.
Obama does not want to balance the budget now before it gets out of control because it’s the economy stupid! Balancing the budget now would help the economy out of the recession after the 2012 elections but would hurt Obama’s going into the election. But if he is the national socialist megalomaniac some say he is, he will try to spend his way into the election and wants to lose anyway so that the Republican that follows him faces the Greek style social and economic breakdown. If the nationalist socialist cannot get respect then he will seek to look better in history by making the situation much worse for the president that defeats him.
The real threat is that the field of presidential contenders continues to decline. The Newt Gingrich meltdown this week was an attack on the only group that is trying to reverse the American decline into the socialist abyss. This decline in candidate quality is making the American decline more inevitable. It is one thing that respect for the opposition has already vanished but Newt shows even the opposition to socialism is self- destructing.
The influential banking community and unions contribute so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see the low flat-line forming.
Asian markets were down last night. China up 0.1%, Hong Kong down –0.3%, India down -1.1%, Taiwan down –0.3%, Seoul down –0.1%, and Japan up 0.1%
European markets are down this morning in a range of about 0% to –1% half way through their day.
US pre-market futures are up today about 0.1% at 8 AM EST.
Monday, May 16, 2011
If Social Security and Medicare went bankrupt medical costs would plummet because doctors and medicine makers have to eat too.
Social Security and Medicare face an increasingly dismal fiscal future; the federal government reported Friday in its annual review of the two mammoth entitlement programs. The problem is that it fully covers people who never worked and contributed to the program. If Social Security and Medicare went bankrupt medical costs would plummet because doctors and medicine makers have to eat too. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. When social security was created people lived just two years beyond retirement. Thanks to the programs people now live much longer with expensive programs like state paid new knees and hips and free AIDS medication so that the individuals who take high risks live longer and infect more people until the system goes bankrupt. Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last year’s projections.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
World Markets:
Dominique Strauss-Khan, the socialist head of the International Monetary Fund, an EU appointee, was arrested in NYC for attempted rape of a hotel maid. The USA created and was the IMF head for many years and now the socialists have corrupted the organization. It is time either for the USA to take back control of the IMF or to withdraw all USA funding.
Sen. John Kerry gave Pakistan's army chief a list of "specific demands" relating to Pakistan's harboring of Islamic jihadists ahead of meetings that could put an end to nuclear weapons in Pakistan. China has apparently expressed an interest is removing atomic bombs held by certifiably insane socialist Islamists on their border.
US Economic Highlights
End of last week summary
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Continuing Claims 04/30 3756K up from 3733K last week
ProdPriceIndx Apr 0.8% up from 0.7% last month
Core ProdPriceIndx Apr 0.3% same as last month a 3.6%inflation rate well above the FED’s 2.5% target.
Retail Sales Apr 0.5% down from 0.9% last month.
Retail Sales ex-auto Apr 0.6% down from 1.2% last month.
Business Inventories Mar 1.0% up from 0.5% last month. Very bad once more.
ConsumerPriceI Apr 0.4% down slightly from 0.5% last month.
Core CPI Apr 0ndex.2% up from 0.1% last month., and 2.4%/yr now
Michigan Sentiment May 72.4 improved from 69.8 last month.
Today
May 16 8:30 AM Empire Manufacturing May
May 16 9:00 AM Net Long-Term TIC Flows Mar
May 16 10:00 AM NAHB Housing Market Index May
This week
May 17 8:30 AM Housing Starts Apr
May 17 8:30 AM Building Permits Apr
May 17 9:15 AM Industrial Production Apr
May 17 9:15 AM Capacity Utilization Apr
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 16, 2011
Wider market swings occur as volatility/risk increases.
Geithner keeps changing the date for raising the debt limit making it obvious it is just another game Obama is playing. Every day taxes are flooding in to the Treasury since April 15 implying that after April 15 there is virtually no problem until next year.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered too rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were down sharply last night. China down –0.7%, Hong Kong down –1.4%, India down -1.13%, Taiwan down -1%, Seoul down –0.7%, and Japan down –1%.
European markets are down sharply this morning in a range of about -0.6% to –1.4% half way through their day.
US pre-market futures are up today about 0.5% at 7 AM EST
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
World Markets:
Dominique Strauss-Khan, the socialist head of the International Monetary Fund, an EU appointee, was arrested in NYC for attempted rape of a hotel maid. The USA created and was the IMF head for many years and now the socialists have corrupted the organization. It is time either for the USA to take back control of the IMF or to withdraw all USA funding.
Sen. John Kerry gave Pakistan's army chief a list of "specific demands" relating to Pakistan's harboring of Islamic jihadists ahead of meetings that could put an end to nuclear weapons in Pakistan. China has apparently expressed an interest is removing atomic bombs held by certifiably insane socialist Islamists on their border.
US Economic Highlights
End of last week summary
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Continuing Claims 04/30 3756K up from 3733K last week
ProdPriceIndx Apr 0.8% up from 0.7% last month
Core ProdPriceIndx Apr 0.3% same as last month a 3.6%inflation rate well above the FED’s 2.5% target.
Retail Sales Apr 0.5% down from 0.9% last month.
Retail Sales ex-auto Apr 0.6% down from 1.2% last month.
Business Inventories Mar 1.0% up from 0.5% last month. Very bad once more.
ConsumerPriceI Apr 0.4% down slightly from 0.5% last month.
Core CPI Apr 0ndex.2% up from 0.1% last month., and 2.4%/yr now
Michigan Sentiment May 72.4 improved from 69.8 last month.
Today
May 16 8:30 AM Empire Manufacturing May
May 16 9:00 AM Net Long-Term TIC Flows Mar
May 16 10:00 AM NAHB Housing Market Index May
This week
May 17 8:30 AM Housing Starts Apr
May 17 8:30 AM Building Permits Apr
May 17 9:15 AM Industrial Production Apr
May 17 9:15 AM Capacity Utilization Apr
May 18 7:00 AM MBA Mortgage Index 05/13
May 18 10:30 AM Crude Inventories 05/14
May 18 2:00 PM FOMC Minutes May
May 19 8:30 AM Initial Claims 05/14 -
May 19 8:30 AM Continuing Claims 05/07
May 19 10:00 AM Existing Home Sales Apr
May 19 10:00 AM Philadelphia Fed May
May 19 10:00 AM Leading Indicators
Market Outlook May 16, 2011
Wider market swings occur as volatility/risk increases.
Geithner keeps changing the date for raising the debt limit making it obvious it is just another game Obama is playing. Every day taxes are flooding in to the Treasury since April 15 implying that after April 15 there is virtually no problem until next year.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered too rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were down sharply last night. China down –0.7%, Hong Kong down –1.4%, India down -1.13%, Taiwan down -1%, Seoul down –0.7%, and Japan down –1%.
European markets are down sharply this morning in a range of about -0.6% to –1.4% half way through their day.
US pre-market futures are up today about 0.5% at 7 AM EST
Friday, May 13, 2011
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
Obama celebrates cop killers at the White House. These Obama friends are worse than Rev. Wright is.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
Taliban bombers kill at least 80 in Pakistan, claiming the attack is the 'first revenge' for the U.S. raid that killed Osama bin Laden.
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
World Markets:
Germany achieved 1.5% growth the first quarter.
Bank of England Governor Mervyn King said that the recent pattern of revisions to the projections over the next year -- downward to growth and upward to inflation -- has continued and there is a good chance that inflation will reach 5 percent.
China is under pressure to relax controls on artists and religious groups to boost creativity so that it is not necessary for China to steal technology. With creative minds they could survive and grow on their own. The People’s Bank of China set the rate 0.06 percent higher to 6.495 yuan per dollar. China reported a trade surplus of $11.4 billion in April with exports surging 30 percent to a record $156 billion. The PBOC governor expressed commitment to currency flexibility and using the yuan to control inflation.”
Greek bond yields and the cost of insuring the country’s debt against default rose to all-time highs amid speculation about a debt write-off or an extension of repayment timelines. Standard & Poor’s cut Greece’s long-term sovereign credit rating by two levels yesterday to B, five notches below investment grade. S&P said the rating may be lowered further. Greeks blaming speculators for debt rating collapse is a sure sign of panic, said Jonathan Weil Thursday.
US Economic Highlights
End of this week summary
Continuing Claims 04/23 3733K up sharply from 3641K even after 18K manipulation
Productivity-Prel Q1 down to 1.6% from 2.6%
Unit Labor Costs Q1 up sharply 1.0% after being stable or a non inflationary -0.6%
Nonfarm Payrolls Apr were up slightly to 244K from 216K. About 400K is needed for recovery to take hold.
Nonfarm Private Payrolls Apr 268K implying that soldiers are returning and are not getting jobs because the private went up but the government went down and Obama is only laying off soldiers as the military cutback continues.
Unemployment Rate Apr increased 9.0% as military draw down continues at 24K per month.
Hourly Earnings Apr increased 0.3% vs 0.0% before Obama manipulation moving the inflation backwards after first reporting.
Consumer Credit Mar shrunk 15% to $6.0B from $7.6B and that should show up as lower sales.
Export Prices ex-ag. Apr up 1.0% and getting worse
Import Prices ex-oil Apr up 0.6% and getting worse.
Wholesale Inventories Mar up 1.1% and rising, not good.
Yesterday
MBA Mortgage Index 05/06 +8.2% much better than +4% last month.
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Crude Inventories 05/07 3.781M still increasing vs 3.421M last week
Treasury Budget Apr -$40.5B deficit spending less than the -$82.7B last month.
Initial Claims 05/07 434K down from 474K last week
Continuing Claims 04/30 3756K up from 3733K last week
ProdPriceIndx Apr 0.8% up from 0.7% last month
Core ProdPriceIndx Apr 0.3% same as last month a 3.6%inflation rate well above the FED’s 2.5% target.
Retail Sales Apr 0.5% down from 0.9% last month.
Retail Sales ex-auto Apr 0.6% down from 1.2% last month.
Business Inventories Mar 1.0% up from 0.5% last month.
Today
ConsumerPriceI Apr 0.4% down slightly from 0.5% last month.
Core CPI Apr 0ndex.2% up from 0.1% last month., and 2.4%/yr now
Michigan Sentiment May 72.4 improved from 69.8 last month.
Market Outlook May 13, 2011
Wider market swings occur as volatility/risk increases. Market ready to begin pullback again.
Geithner keeps changing the date for raising the debt limit making it obvious it is just another game Obama is playing. Every day taxes are flooding in since April 15 implying that after April 15 there is virtually not problem until next year.
One in three investors said they will put more money in cash and 30 percent indicated they would cut commodity holdings, according to a survey of 1,263 market participants, Bloomberg reported. Falling demand for oil, gas and other commodities led to a broad stock sell-off Wednesday with energy and materials companies suffering the worst declines.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
The American economy is still stagnant because Obama refuses to cut welfare that is an enormous economic inefficiency. Toothless immigrant welfare recipients are seen regularly at gambling casinos cashing welfare checks and illegally exchanging food stamps for cash. American welfare corruption has more than doubled under Obama. Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered to0 rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were mixed last night. China up 1%, Hong Kong up 0.9%, up down 1.13%, Taiwan down 0.3%, Seoul down –0.1%and Japan down –0.7%.
European markets are down sharply this morning in a range of about 0% to 0.6% half way through their day.
US pre-market futures are up today about 0.2% at 6:30 AM EST.
http://libertylog.org/?p=2791
http://blog.jetsettingmagazine.com/?p=14311
Taliban bombers kill at least 80 in Pakistan, claiming the attack is the 'first revenge' for the U.S. raid that killed Osama bin Laden.
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
World Markets:
Germany achieved 1.5% growth the first quarter.
Bank of England Governor Mervyn King said that the recent pattern of revisions to the projections over the next year -- downward to growth and upward to inflation -- has continued and there is a good chance that inflation will reach 5 percent.
China is under pressure to relax controls on artists and religious groups to boost creativity so that it is not necessary for China to steal technology. With creative minds they could survive and grow on their own. The People’s Bank of China set the rate 0.06 percent higher to 6.495 yuan per dollar. China reported a trade surplus of $11.4 billion in April with exports surging 30 percent to a record $156 billion. The PBOC governor expressed commitment to currency flexibility and using the yuan to control inflation.”
Greek bond yields and the cost of insuring the country’s debt against default rose to all-time highs amid speculation about a debt write-off or an extension of repayment timelines. Standard & Poor’s cut Greece’s long-term sovereign credit rating by two levels yesterday to B, five notches below investment grade. S&P said the rating may be lowered further. Greeks blaming speculators for debt rating collapse is a sure sign of panic, said Jonathan Weil Thursday.
US Economic Highlights
End of this week summary
Continuing Claims 04/23 3733K up sharply from 3641K even after 18K manipulation
Productivity-Prel Q1 down to 1.6% from 2.6%
Unit Labor Costs Q1 up sharply 1.0% after being stable or a non inflationary -0.6%
Nonfarm Payrolls Apr were up slightly to 244K from 216K. About 400K is needed for recovery to take hold.
Nonfarm Private Payrolls Apr 268K implying that soldiers are returning and are not getting jobs because the private went up but the government went down and Obama is only laying off soldiers as the military cutback continues.
Unemployment Rate Apr increased 9.0% as military draw down continues at 24K per month.
Hourly Earnings Apr increased 0.3% vs 0.0% before Obama manipulation moving the inflation backwards after first reporting.
Consumer Credit Mar shrunk 15% to $6.0B from $7.6B and that should show up as lower sales.
Export Prices ex-ag. Apr up 1.0% and getting worse
Import Prices ex-oil Apr up 0.6% and getting worse.
Wholesale Inventories Mar up 1.1% and rising, not good.
Yesterday
MBA Mortgage Index 05/06 +8.2% much better than +4% last month.
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Crude Inventories 05/07 3.781M still increasing vs 3.421M last week
Treasury Budget Apr -$40.5B deficit spending less than the -$82.7B last month.
Initial Claims 05/07 434K down from 474K last week
Continuing Claims 04/30 3756K up from 3733K last week
ProdPriceIndx Apr 0.8% up from 0.7% last month
Core ProdPriceIndx Apr 0.3% same as last month a 3.6%inflation rate well above the FED’s 2.5% target.
Retail Sales Apr 0.5% down from 0.9% last month.
Retail Sales ex-auto Apr 0.6% down from 1.2% last month.
Business Inventories Mar 1.0% up from 0.5% last month.
Today
ConsumerPriceI Apr 0.4% down slightly from 0.5% last month.
Core CPI Apr 0ndex.2% up from 0.1% last month., and 2.4%/yr now
Michigan Sentiment May 72.4 improved from 69.8 last month.
Market Outlook May 13, 2011
Wider market swings occur as volatility/risk increases. Market ready to begin pullback again.
Geithner keeps changing the date for raising the debt limit making it obvious it is just another game Obama is playing. Every day taxes are flooding in since April 15 implying that after April 15 there is virtually not problem until next year.
One in three investors said they will put more money in cash and 30 percent indicated they would cut commodity holdings, according to a survey of 1,263 market participants, Bloomberg reported. Falling demand for oil, gas and other commodities led to a broad stock sell-off Wednesday with energy and materials companies suffering the worst declines.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
The American economy is still stagnant because Obama refuses to cut welfare that is an enormous economic inefficiency. Toothless immigrant welfare recipients are seen regularly at gambling casinos cashing welfare checks and illegally exchanging food stamps for cash. American welfare corruption has more than doubled under Obama. Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered to0 rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were mixed last night. China up 1%, Hong Kong up 0.9%, up down 1.13%, Taiwan down 0.3%, Seoul down –0.1%and Japan down –0.7%.
European markets are down sharply this morning in a range of about 0% to 0.6% half way through their day.
US pre-market futures are up today about 0.2% at 6:30 AM EST.
Thursday, May 12, 2011
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy.
NLRB joins with European socialists, union communists and OBAMA illegal aliens to demand Boeing nationalization now or face bankruptcy. Boeing is attempting to open a plant in South Carolina but the unions are upset that Boeing is opening a plant in a “right to work” state. Then employees will not be forced to pay a portion of their income to union bosses nor will they be required to tell the leftists how they vote in union elections. The NLRB just said Boeing cannot open the Dreamliner plant in SC. When the government discriminates against states in favor of unions and decides where industry can move that is called nationalization.
The Stoxx Europe 600 Index slid 1.3 percent, the biggest drop in a week. European Union said industrial output unexpectedly fell in March. Commodities extended declines as investors scaled back bets on economic growth. U.S. index futures dropped after Cisco Systems Inc. (CSCO)’s profit faltered.
The MSCI World Index slid 1 percent to a three-week low and the S&P GSCI index of 24 commodities fell 1 percent as oil sank 1.5 percent and copper retreated to a five-month low.
The Euro depreciated against the dollar and the yen, while Australia’s currency weakened versus all 16 of its major peers. The yield on the Greek two-year note surged 1.48 percentage points to a record.
Stocks “have started to look much less positive in the emerging markets arena,” Charles Diebel, head of market strategy at Lloyds Bank Corporate Markets in London, wrote in a note today. “Having seen very strong speculative inflows previously, most commodities have turned somewhat more corrective.”
Remember when the world’s AIDS Conference was held in the USA and the Democrat-Socialists demanded we let all the AIDS people of the world attend and those that came went on the USA medical system? AIDS is another reason our system is going bankrupt. The problem will get even worse with Obamacare and worse yet if we allow illegal interlopers to become citizens. We don’t have enough prisons as it is.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA. But they at least pay.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Suddenly Obama who did nothing during the BP oil leak is claiming he masterminded the execution of Osama from the day he took office. Last week he had his wife give up her work on obese children and concentrate on soldiers wives to get her in on the favorable military publicity too. But behind the scenes Obama is cutting about 24000 soldiers off the payroll every month and unemployment (real) is now over 16%.
World Markets:
BHP Billiton Ltd., the world’s largest mining company, and Rio Tinto Group, the third-biggest, both retreated more than 3 percent. Aegon NV sank 5.5 percent.
Bank of England Governor Mervyn King said that the recent pattern of revisions to the projections over the next year -- downward to growth and upward to inflation -- has continued and there is a good chance that inflation will reach 5 percent.
The German stock insane market bubble is almost to the 2008 level and yet the economy has not recovered.
http://finance.yahoo.com/q/ta?s=%5EGDAXI&t=5y&l=on&z=l&q=l&p=&a=&c=
And Britain’s bubble is back too and they are still in a recession.
http://finance.yahoo.com/q/ta?s=%5EFTSE+Basic+Tech.+Analysis&t=5y
China is under pressure to relax controls on artists and religious groups to boost creativity so that it is not necessary for China to steal technology. With creative minds they could survive and grow on their own. The People’s Bank of China set the rate 0.06 percent higher to 6.495 yuan per dollar. China reported a trade surplus of $11.4 billion in April with exports surging 30 percent to a record $156 billion. The PBOC governor expressed commitment to currency flexibility and using the yuan to control inflation.”
Greek bond yields and the cost of insuring the country’s debt against default rose to all-time highs amid speculation about a debt write-off or an extension of repayment timelines. Standard & Poor’s cut Greece’s long-term sovereign credit rating by two levels yesterday to B, five notches below investment grade. S&P said the rating may be lowered further.
US Economic Highlights
Microsoft Corp. is in talks to buy Skype Technologies SA to gain the world’s most popular international calling service and its 663 million customers, according to two people. A price tag of $8Billion sounds high for what today is essentially a free service.
The average American home value declined 8.2% last year. The total decline now exceeds 30%.
Just as the FED QE2 temporarily inflated the bottom line by giving cash (which eventually must be paid back) the halt of QE2 will have the opposite effect and then the pay back will cause earnings to drop.
End of week summary
Continuing Claims 04/23 3733K up sharply from 3641K even after 18K manipulation
Productivity-Prel Q1 down to 1.6% from 2.6%
Unit Labor Costs Q1 up sharply 1.0% after being stable or a non inflationary -0.6%
Nonfarm Payrolls Apr were up slightly to 244K from 216K. About 400K is needed for recovery to take hold.
Nonfarm Private Payrolls Apr 268K implying that soldiers are returning and are not getting jobs because the private went up but the government went down and Obama is only laying off soldiers as the military cutback continues.
Unemployment Rate Apr increased 9.0% as military draw down continues at 24K per month.
Hourly Earnings Apr increased 0.3% vs 0.0% before Obama manipulation moving the inflation backwards after first reporting.
Consumer Credit Mar shrunk 15% to $6.0B from $7.6B and that should show up as lower sales.
Export Prices ex-ag. Apr up 1.0% and getting worse
Import Prices ex-oil Apr up 0.6% and getting worse.
Wholesale Inventories Mar up 1.1% and rising.
Yesterday
MBA Mortgage Index 05/06 +8.2% much better than +4% last month.
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Crude Inventories 05/07 3.781M still increasing vs 3.421M last week
Treasury Budget Apr -$40.5B deficit spending less than the -$82.7B last month.
Today
May 12 8:30 AM Initial Claims 05/07
May 12 8:30 AM Continuing Claims 04/30
May 12 8:30 AM PPI Apr
May 12 8:30 AM Core PPI Apr - 0.1% 0.2% 0.3% -
May 12 8:30 AM Retail Sales Apr
May 12 8:30 AM Retail Sales ex-auto Apr
May 12 10:00 AM Business Inventories Mar
This week
May 13 8:30 AM CPI Apr
May 13 8:30 AM Core CPI Apr
May 13 9:55 AM Mich Sentiment May
Market Outlook May 12, 2011
One in three investors said they will put more money in cash and 30 percent indicated they would cut commodity holdings, according to a survey of 1,263 market participants, Bloomberg reported. Falling demand for oil, gas and other commodities led to a broad stock sell-off Wednesday with energy and materials companies suffering the worst declines.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
The American economy is still stagnant because Obama refuses to cut welfare that is an enormous economic inefficiency. Toothless immigrant welfare recipients are seen regularly at gambling casinos cashing welfare checks and illegally exchanging food stamps for cash. American welfare corruption has more than doubled under Obama. Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered to0 rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were down sharply last night. China down –1.3%, Hong Kong down -1%, India down -1.3%, Seoul down -2%and Japan down -1.5%.
European markets are down sharply this morning in a range of about -0.5% to –1.6% half way through their day.
US pre-market futures are down today in a range of about -0.6% to -0.9 % at 7:00 AM EST.
The Stoxx Europe 600 Index slid 1.3 percent, the biggest drop in a week. European Union said industrial output unexpectedly fell in March. Commodities extended declines as investors scaled back bets on economic growth. U.S. index futures dropped after Cisco Systems Inc. (CSCO)’s profit faltered.
The MSCI World Index slid 1 percent to a three-week low and the S&P GSCI index of 24 commodities fell 1 percent as oil sank 1.5 percent and copper retreated to a five-month low.
The Euro depreciated against the dollar and the yen, while Australia’s currency weakened versus all 16 of its major peers. The yield on the Greek two-year note surged 1.48 percentage points to a record.
Stocks “have started to look much less positive in the emerging markets arena,” Charles Diebel, head of market strategy at Lloyds Bank Corporate Markets in London, wrote in a note today. “Having seen very strong speculative inflows previously, most commodities have turned somewhat more corrective.”
Remember when the world’s AIDS Conference was held in the USA and the Democrat-Socialists demanded we let all the AIDS people of the world attend and those that came went on the USA medical system? AIDS is another reason our system is going bankrupt. The problem will get even worse with Obamacare and worse yet if we allow illegal interlopers to become citizens. We don’t have enough prisons as it is.
Here are two of the many many reasons for American deficits and Obama is doing nothing about it. If American health care is so bad why don’t the people stay in their own countries. Do you know one American who pays to have treatment in Britain, Germany, France, Japan or China? We don’t. Yet we get people from all those countries coming for operations in the USA. But they at least pay.
http://www.youtube.com/watch?v=bLJxmJZXgNI
http://www.youtube.com/watch?v=U_ZnX9JRo5M&feature=related
Suddenly Obama who did nothing during the BP oil leak is claiming he masterminded the execution of Osama from the day he took office. Last week he had his wife give up her work on obese children and concentrate on soldiers wives to get her in on the favorable military publicity too. But behind the scenes Obama is cutting about 24000 soldiers off the payroll every month and unemployment (real) is now over 16%.
World Markets:
BHP Billiton Ltd., the world’s largest mining company, and Rio Tinto Group, the third-biggest, both retreated more than 3 percent. Aegon NV sank 5.5 percent.
Bank of England Governor Mervyn King said that the recent pattern of revisions to the projections over the next year -- downward to growth and upward to inflation -- has continued and there is a good chance that inflation will reach 5 percent.
The German stock insane market bubble is almost to the 2008 level and yet the economy has not recovered.
http://finance.yahoo.com/q/ta?s=%5EGDAXI&t=5y&l=on&z=l&q=l&p=&a=&c=
And Britain’s bubble is back too and they are still in a recession.
http://finance.yahoo.com/q/ta?s=%5EFTSE+Basic+Tech.+Analysis&t=5y
China is under pressure to relax controls on artists and religious groups to boost creativity so that it is not necessary for China to steal technology. With creative minds they could survive and grow on their own. The People’s Bank of China set the rate 0.06 percent higher to 6.495 yuan per dollar. China reported a trade surplus of $11.4 billion in April with exports surging 30 percent to a record $156 billion. The PBOC governor expressed commitment to currency flexibility and using the yuan to control inflation.”
Greek bond yields and the cost of insuring the country’s debt against default rose to all-time highs amid speculation about a debt write-off or an extension of repayment timelines. Standard & Poor’s cut Greece’s long-term sovereign credit rating by two levels yesterday to B, five notches below investment grade. S&P said the rating may be lowered further.
US Economic Highlights
Microsoft Corp. is in talks to buy Skype Technologies SA to gain the world’s most popular international calling service and its 663 million customers, according to two people. A price tag of $8Billion sounds high for what today is essentially a free service.
The average American home value declined 8.2% last year. The total decline now exceeds 30%.
Just as the FED QE2 temporarily inflated the bottom line by giving cash (which eventually must be paid back) the halt of QE2 will have the opposite effect and then the pay back will cause earnings to drop.
End of week summary
Continuing Claims 04/23 3733K up sharply from 3641K even after 18K manipulation
Productivity-Prel Q1 down to 1.6% from 2.6%
Unit Labor Costs Q1 up sharply 1.0% after being stable or a non inflationary -0.6%
Nonfarm Payrolls Apr were up slightly to 244K from 216K. About 400K is needed for recovery to take hold.
Nonfarm Private Payrolls Apr 268K implying that soldiers are returning and are not getting jobs because the private went up but the government went down and Obama is only laying off soldiers as the military cutback continues.
Unemployment Rate Apr increased 9.0% as military draw down continues at 24K per month.
Hourly Earnings Apr increased 0.3% vs 0.0% before Obama manipulation moving the inflation backwards after first reporting.
Consumer Credit Mar shrunk 15% to $6.0B from $7.6B and that should show up as lower sales.
Export Prices ex-ag. Apr up 1.0% and getting worse
Import Prices ex-oil Apr up 0.6% and getting worse.
Wholesale Inventories Mar up 1.1% and rising.
Yesterday
MBA Mortgage Index 05/06 +8.2% much better than +4% last month.
Trade Balance Mar -$48.2B worse still than -$45.8B last month
Crude Inventories 05/07 3.781M still increasing vs 3.421M last week
Treasury Budget Apr -$40.5B deficit spending less than the -$82.7B last month.
Today
May 12 8:30 AM Initial Claims 05/07
May 12 8:30 AM Continuing Claims 04/30
May 12 8:30 AM PPI Apr
May 12 8:30 AM Core PPI Apr - 0.1% 0.2% 0.3% -
May 12 8:30 AM Retail Sales Apr
May 12 8:30 AM Retail Sales ex-auto Apr
May 12 10:00 AM Business Inventories Mar
This week
May 13 8:30 AM CPI Apr
May 13 8:30 AM Core CPI Apr
May 13 9:55 AM Mich Sentiment May
Market Outlook May 12, 2011
One in three investors said they will put more money in cash and 30 percent indicated they would cut commodity holdings, according to a survey of 1,263 market participants, Bloomberg reported. Falling demand for oil, gas and other commodities led to a broad stock sell-off Wednesday with energy and materials companies suffering the worst declines.
The stock market is again testing the lower resistance line. With QE2 ending there is less chance of a bounce. On a cashflow (not price basis) there was now new high after the last breakdown. That is why we are not in at this time.
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50&a=m26-12-9&c=
The American economy is still stagnant because Obama refuses to cut welfare that is an enormous economic inefficiency. Toothless immigrant welfare recipients are seen regularly at gambling casinos cashing welfare checks and illegally exchanging food stamps for cash. American welfare corruption has more than doubled under Obama. Obama gave over $30Billion to black constituents who fraudulently claimed they were owed reparations because their ancestors did not get all the corrupt handouts they were “entitled” to under previous administrations. This Obama corruption of the farm bureau alone is justification for firing that entire government office.
The depressed real estate market is killing the American economy. And homeowners are considered to0 rich to help against the influential banking community that contributes so much to the $1 Billion Obama wants to raise for the next election of socialists. Come-on $1Billion to elect a socialist president? That is obscene like the first $1 Billion dollar bonus package for an incumbent! That is sick greed and selfishness at its worst.
World Markets
International trade shows that the world economy has still only revived about 25% not the 70% shown by the stock and commodities markets. QE2 is created the current stock market and commodity bubble. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate quickly. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart.
Asian markets were down sharply last night. China down –1.3%, Hong Kong down -1%, India down -1.3%, Seoul down -2%and Japan down -1.5%.
European markets are down sharply this morning in a range of about -0.5% to –1.6% half way through their day.
US pre-market futures are down today in a range of about -0.6% to -0.9 % at 7:00 AM EST.
Subscribe to:
Posts (Atom)