Pakistan, is a socialist Islamic terrorist nation and an enemy of the free world. China and the USA now both see Pakistan and India as nuclear threats

Pakistan, is a socialist Islamic terrorist nation and an enemy of the free world. China and the USA now both see Pakistan and India as nuclear threats to world peace.

Pakistani radical Islamic socialists have harbored radical Islamic terrorists since at least 2005 when the safe house compound that Osama was killed in was built. It is believed that Pakistani radical Islamic socialists have many safe houses and that they harbor and move their many terrorists around the country to protect them.
The death of Osama bin Laden prompted immediate calls from Senators and Congressmen to re-evaluate the US relationship with Pakistan, where the al-Qaeda leader was found and killed less than 35 miles from the capital Islamabad. Pakistan had mobilized their jet fighters against the USA but the US force killed Osama bin Laden and withdrew safely.

World Markets:
Syrian radical socialists Islamic terrorists have abducted more than 1,000 men and boys in the last two days as a crackdown on the worldwide anti socialist Islamic terrorist revolution intensifies.

Greece government promised Monday to raise an additional €11.8 billion through 2013, with a crackdown on tax evasion a year after Greece was granted an international bailout loan package worth €110 billion from the European Union and International Monetary Fund to rescue it from the brink of default. That is 10% of what they owe with an interest rate now over 7%.

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


US Economic Highlights
Construction Spending in Mar improved 1.4% after declining -2.4% last month. Without Obama manipulation the improvement was only 0.4% this month.
May 2 10:00 AM ISM Index Apr declined to 60.4 from 61.2 last month indicating the economic showdown is worsening. The Obama misery index is the sum of the inflation rate and the unemployment rate. It is about 13% now. Back under Jimmy Carter the misery index was over 16% because they used real inflation not the phony FED core rate.

This week
May 2 3:00 PM Auto Sales May Once again the auto and truck sales news is delayed since it is so bad.
May 2 3:00 PM Truck Sales May

May 3 10:00 AM Factory Orders Mar
May 4 7:00 AM MBA Mortgage Index 04/29
May 4 7:30 AM Challenger Job Cuts Apr
May 4 8:15 AM ADP Employment Change Apr
May 4 10:00 AM ISM Services Apr
May 4 10:30 AM Crude Inventories 04/30
May 5 8:30 AM Initial Claims 04/30
May 5 8:30 AM Continuing Claims 04/23 -
May 5 8:30 AM Productivity-Prel Q1
May 5 8:30 AM Unit Labor Costs Q1
May 6 8:30 AM Nonfarm Payrolls Apr
May 6 8:30 AM Nonfarm Private Payrolls Apr
May 6 8:30 AM Unemployment Rate Apr
May 6 8:30 AM Hourly Earnings Apr
May 6 8:30 AM Average Workweek Apr
May 6 3:00 PM Consumer Credit Mar


Market Outlook May 3, 2011
The death of Osama caused a brief stock market rally in much of the free world yesterday. But socialist Islamic terrorists are now hated by good Islamists worldwide and their identities and hideouts are being give to Americans everywhere. When David Howell Petraeus is in the CIA and directing it… be ready for massive annihilations of terrorists. Do not be surprised if the Pakistani airforce is destroyed and Pakistan and India are forced to stand down and surrender up their nuclear weapons to pacify the region. China and the USA now both see Pakistan and India as nuclear threats to world peace.



World Markets
International trade shows that the world economy has 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

Asian markets were down last night. China up 0.7%, Hong Kong down –0.4%, India down -2.4%, and Seoul down -1.3%.

European markets are down sharply this morning in a range of about –0.4 % to -1.4% half way through their day.

US pre-market futures are down today in a range of about -0.4% to -0.5 % at 8 AM EST.