Former President Bill Clinton said Obama lacks not only hope and change but also common sense long-term budgeting and planning needed for success. “We’ve gotten ourselves in a position where we’re spending too much money on today and yesterday, and not money enough on tomorrow,” he said during the first panel discussion at the Clinton Global Initiative’s two-day conference in Chicago. “We’re borrowing too much, so that once the economy picks up, we’re creating tomorrow’s problem.”
Clinton said the nation needs to find a better mix for the proportion of the U.S. gross domestic product that is represented by federal spending and taxes.
“We can’t afford to spend 25 percent of GDP on government expenditures,” he said. “I don’t think we can afford to tax at only 15 percent of GDP, either, which is about where we are.”
If you bet on Obama you are betting on a Great Depression because he has no plan. Obama only criticizes other people’s plans because he is a coward and afraid to cut government spending.
QE2 ends today. The cash that helped the bottom line of companies without helping the economy will end. The problems with the American economy have nothing to do with liquidity. The problems are due to a frozen housing market and an inept president, who is a follower of the communist Bill Ayers, co-founded the Weather Underground, a self-described communist revolutionary group that conducted a campaign of bombing public buildings during the 1960s and 1970s. see:
http://en.wikipedia.org/wiki/Bill_Ayers
Morgan Stanley suffered many $millions betting on U.S. inflation. Obama is dragging the world into a great depression by running up national debt when debt has already broken too many countries.
Bank of America was the nation’s best run bank until they were forced to buy Countrywide, the most corrupt company giving away mortgages to people who could not make mortgage payments (i.e. Obama’s support base).
World Markets:
China’s money supply has declined from 30 percent year-over-year in December 2009 to 15 percent year-over-year at the end of May. The HSBC Flash China Manufacturing Purchasing Managers Index in June fell to 50.1, its lowest level in 11 months. Bank loans fell 25 percent in May from April. China may be in for a hard landing.
Canadians’ confidence in the country’s economic prospects fell to its lowest in two years amid concern that the global recovery is stalling. The proportion of Canadians who predict a weaker economy in the next six months rose to 23.6 percent from 19.1 percent in March.
US Economic Highlights
Past Week
This time Obama had them drop last months first two statistics to make this month look better. We will use the original numbers.
Monday
Consumer spending stagnated in May as employment prospects dimmed and inflation rose to 3.6%/ year.
Personal Income May 0.2%, down from 0.4% reported last month.
Personal Spending May –0.1%, down from 0.4% last month
PCE Prices - Core inflation May 0.3% or 3.6%/yr, above the FED 2.5%/yr target level
Yesterday
Case-Shiller 20-city Index Apr showed new housing prices down -3.96% in April to an 11 month low. Prices decreased in the year ended April by the most in 17 months, showing genius Obama’s housing zero down payment policy for people who cannot afford a house remains a major obstacle for the U.S. recovery. Also the S&P/Case-Shiller index of property values in 20 cities fell 4 percent from April 2010, the biggest drop since November 2009, the group said today in New York. A backlog of foreclosures and falling sales raise the risk that prices will decline further, discouraging builders from taking on new projects. The drop in property values and a jobless rate hovering around 9 percent are holding back consumer sentiment and spending, which accounts for 70 percent of the economy.
Consumer confidence unexpectedly fell in June to a seven- month low, indicating that slowing employment gains are weighing on Americans’ outlooks, another report today showed. The Conference Board’s index decreased to 58.5 from a revised 61.7 reading in May that was worse than previously estimated.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
MBA Mortgage Index 06/25 -2.7% Vs -5.9% showing home prices are not dropping as fast as before.
Pending Home Sales May rose 8.2% Vs slowing last month -11.6%. At the Obama’s rate it will take over 60 years to liquidate all the homes in default.
Crude Inventories 06/25 dropped -4.375M this week and -1.711M last week. Selling the oil reserves is doing nothing so far for increasing oil available and prices are rising again.
This week’s coming reports
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 30, 2011
Consensus forecast for USA 1st quarter GDP growth was 3.5%. It actually was only 1.9% growth. Consensus forecast for the 2nd quarter GDP growth is now also 3.5%. So 1.9% is probably the best Obama can do again by doing nothing again. America needs some hope and change.
U.S. stocks rose Wednesday and hit the 50 DMA and 100 DMA resistance lines at their crossover. Today we look to see how the market will test the rally. Will it break upward or resume the decline. The stock market again on the new bear market resistance trend line! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=%2Ce50%2Ce100&a=m26-12-9&c=
The bear market bounce continued yesterday. We think it is a dead cat bounce because investors are complacent. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 17 with 15 being complete investor complacency. It is up only 2 points and far from indicating a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since Obama got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian Stocks were up last night. China up 1.2%, Hong Kong up 1.5%, India up 0.8%, and Japan up 0.2%.
European markets are flat this morning in a range of about –0.2% to 0.4% half way through their day.
American markets are up 0.2% this morning at 7 AM
Thursday, June 30, 2011
Wednesday, June 29, 2011
Communist unions in Greece violently oppose having to live within their means and they lead the attacks on the Greek police.
Communist unions in Greece violently oppose having to live within their means and they lead the attacks on the Greek police. They wear black shirts and carry red flags. Greece will likely have to pull out of the EU.
The U.S. government wouldn’t be able to fund about 50 percent of its obligations and would have to furlough about 800,000 federal workers if Congress fails to approve an increase in the $14.3 trillion debt ceiling, a coalition of former budget officials says. The percent of business survey respondents expecting an increase in job availability fell to the lowest in 11 months.
American doctors now reject an average of 12% of patients with private insurance due to low payments for services as well as administrative difficulties. Rejected patients go on to find another doctor or aide. Ultimately under Obamacare it is expected that 50% of doctors will retire and physician’s assistants, nurses, and volunteers (as in banana republics like Cuba) will take over. Then Obama can join Fidel Castro to claim they have the best medical care in the world.
World Markets:
The red flags of communists in Greece flew in the parliament square. Tear gas is being used to fight rioters in Greece today as a two-day general strike was called. Government workers who do nothing will lose their jobs and pensions. Greece already has a 16% “official unemployment rate.” Greece will face a cash shortfall in the middle of July unless it receives a EUR12 billion rescue loan payment from the euro-zone governments and the International Monetary Fund, the fifth slice of EUR110 billion in rescue loans agreed upon last year. Greece cannot even fund their expenditures even if they roll over the loans coming due. Greek labor unions started a 48-hour strike to pressure Greek lawmakers to vote against the legislation, which would slash social welfare spending and impose a special crisis levy on all taxpayers. "The only way to avoid immediate default is for parliament to endorse the revised economic program," Rehn said in a statement Tuesday. "To those who speculate about other options, let me say this clearly: there is no Plan B to avoid default." Joaquin Almunia, the EU's antitrust chief and its former economics commissioner, Tuesday warned, "The fiscal crisis in Greece is threatening to destabilize other euro-area economies and even the proper functioning of the European monetary union," Greece has EUR 4.4 billion in short-term treasury bills in July, another EUR 2.48 billion in August and a EUR 5.9 billion bond repayment on August 20. The government should be able to roll over the Treasury bills, but it must also fund its budget during that time. The deficit is expected to be EUR 17.1 billion for all of 2011.
Canadians’ confidence in the country’s economic prospects fell to its lowest in two years amid concern that the global recovery is stalling. The proportion of Canadians who predict a weaker economy in the next six months rose to 23.6 percent from 19.1 percent in March.
US Economic Highlights
Past Week
This time Obama had them drop last months first two statistics to make this month look better. We will use the original numbers.
Monday
Consumer spending stagnated in May as employment prospects dimmed and inflation rose to 3.6%/ year.
Personal Income May 0.2%, down from 0.4% reported last month.
Personal Spending May –0.1%, down from 0.4% last month
PCE Prices - Core inflation May 0.3% or 3.6%/yr, above the FED 2.5%/yr target level
Yesterday
Case-Shiller 20-city Index Apr showed new housing prices down -3.96% in April to an 11 month low. Prices decreased in the year ended April by the most in 17 months, showing genius Obama’s housing zero down payment policy for people who cannot afford a house remains a major obstacle for the U.S. recovery. Also the S&P/Case-Shiller index of property values in 20 cities fell 4 percent from April 2010, the biggest drop since November 2009, the group said today in New York. A backlog of foreclosures and falling sales raise the risk that prices will decline further, discouraging builders from taking on new projects. The drop in property values and a jobless rate hovering around 9 percent are holding back consumer sentiment and spending, which accounts for 70 percent of the economy.
Consumer confidence unexpectedly fell in June to a seven- month low, indicating that slowing employment gains are weighing on Americans’ outlooks, another report today showed. The Conference Board’s index decreased to 58.5 from a revised 61.7 reading in May that was worse than previously estimated.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
This week’s coming reports
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 29, 2011
Consensus forecast for USA 1st quarter GDP growth was 3.5%. It actually was only 1.9% growth. Consensus forecast for the 2nd quarter GDP growth is now also 3.5%.
U.S. stocks rose Tuesday again on low volume as sellers watch MSNBC followers leap into stocks based on Greek communist unions that control the Greek labor unions. Many American workers have now stopped putting 401 Plan cash into the hedge funds and are getting out again. A small decline now would break the previous low and likely trigger a sell-off. Yet MSNBC/Pravda’s Jim Cramer is so optimistic on stocks that he is literally incoherent.
The stock market again on the new bear market trend line! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=%2Ce50%2Ce100&a=m26-12-9&c=
The bear market bounce continued. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 20 with 15 being complete investor complacency. It is up only 5 points and has 8 more points to go up and only half way to indicating a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian Stocks slid last night. China down –1.1%, Hong Kong down <-0.1%, India up 1.1%, and Japan up 1.5%.
European markets are up this morning in a range of about –0.0% to 1.9% half way through their day.
American markets are up 0.3% this morning at 7 AM
The U.S. government wouldn’t be able to fund about 50 percent of its obligations and would have to furlough about 800,000 federal workers if Congress fails to approve an increase in the $14.3 trillion debt ceiling, a coalition of former budget officials says. The percent of business survey respondents expecting an increase in job availability fell to the lowest in 11 months.
American doctors now reject an average of 12% of patients with private insurance due to low payments for services as well as administrative difficulties. Rejected patients go on to find another doctor or aide. Ultimately under Obamacare it is expected that 50% of doctors will retire and physician’s assistants, nurses, and volunteers (as in banana republics like Cuba) will take over. Then Obama can join Fidel Castro to claim they have the best medical care in the world.
World Markets:
The red flags of communists in Greece flew in the parliament square. Tear gas is being used to fight rioters in Greece today as a two-day general strike was called. Government workers who do nothing will lose their jobs and pensions. Greece already has a 16% “official unemployment rate.” Greece will face a cash shortfall in the middle of July unless it receives a EUR12 billion rescue loan payment from the euro-zone governments and the International Monetary Fund, the fifth slice of EUR110 billion in rescue loans agreed upon last year. Greece cannot even fund their expenditures even if they roll over the loans coming due. Greek labor unions started a 48-hour strike to pressure Greek lawmakers to vote against the legislation, which would slash social welfare spending and impose a special crisis levy on all taxpayers. "The only way to avoid immediate default is for parliament to endorse the revised economic program," Rehn said in a statement Tuesday. "To those who speculate about other options, let me say this clearly: there is no Plan B to avoid default." Joaquin Almunia, the EU's antitrust chief and its former economics commissioner, Tuesday warned, "The fiscal crisis in Greece is threatening to destabilize other euro-area economies and even the proper functioning of the European monetary union," Greece has EUR 4.4 billion in short-term treasury bills in July, another EUR 2.48 billion in August and a EUR 5.9 billion bond repayment on August 20. The government should be able to roll over the Treasury bills, but it must also fund its budget during that time. The deficit is expected to be EUR 17.1 billion for all of 2011.
Canadians’ confidence in the country’s economic prospects fell to its lowest in two years amid concern that the global recovery is stalling. The proportion of Canadians who predict a weaker economy in the next six months rose to 23.6 percent from 19.1 percent in March.
US Economic Highlights
Past Week
This time Obama had them drop last months first two statistics to make this month look better. We will use the original numbers.
Monday
Consumer spending stagnated in May as employment prospects dimmed and inflation rose to 3.6%/ year.
Personal Income May 0.2%, down from 0.4% reported last month.
Personal Spending May –0.1%, down from 0.4% last month
PCE Prices - Core inflation May 0.3% or 3.6%/yr, above the FED 2.5%/yr target level
Yesterday
Case-Shiller 20-city Index Apr showed new housing prices down -3.96% in April to an 11 month low. Prices decreased in the year ended April by the most in 17 months, showing genius Obama’s housing zero down payment policy for people who cannot afford a house remains a major obstacle for the U.S. recovery. Also the S&P/Case-Shiller index of property values in 20 cities fell 4 percent from April 2010, the biggest drop since November 2009, the group said today in New York. A backlog of foreclosures and falling sales raise the risk that prices will decline further, discouraging builders from taking on new projects. The drop in property values and a jobless rate hovering around 9 percent are holding back consumer sentiment and spending, which accounts for 70 percent of the economy.
Consumer confidence unexpectedly fell in June to a seven- month low, indicating that slowing employment gains are weighing on Americans’ outlooks, another report today showed. The Conference Board’s index decreased to 58.5 from a revised 61.7 reading in May that was worse than previously estimated.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
This week’s coming reports
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 29, 2011
Consensus forecast for USA 1st quarter GDP growth was 3.5%. It actually was only 1.9% growth. Consensus forecast for the 2nd quarter GDP growth is now also 3.5%.
U.S. stocks rose Tuesday again on low volume as sellers watch MSNBC followers leap into stocks based on Greek communist unions that control the Greek labor unions. Many American workers have now stopped putting 401 Plan cash into the hedge funds and are getting out again. A small decline now would break the previous low and likely trigger a sell-off. Yet MSNBC/Pravda’s Jim Cramer is so optimistic on stocks that he is literally incoherent.
The stock market again on the new bear market trend line! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=%2Ce50%2Ce100&a=m26-12-9&c=
The bear market bounce continued. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 20 with 15 being complete investor complacency. It is up only 5 points and has 8 more points to go up and only half way to indicating a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian Stocks slid last night. China down –1.1%, Hong Kong down <-0.1%, India up 1.1%, and Japan up 1.5%.
European markets are up this morning in a range of about –0.0% to 1.9% half way through their day.
American markets are up 0.3% this morning at 7 AM
Tuesday, June 28, 2011
Someone with steak knife can now cause a nuclear meltdown under Obama’s nuclear safety policies.
The Fort Calhoun Nuclear Power Station, 19 miles north of Omaha, was accidentally flooded Sunday by a union operator who ran into the protective berm with his forklift. Obama’s nuclear policy is to destroy the industry in America because socialists blame American waste of energy for floods, tornadoes, earthquakes and other acts of Durga the Anti-golbal warming, anti fat-cat Goddess. Obama’s U.S. Nuclear Regulatory Commission head now uses 8-foot-tall water-filled rubber tubes to hold off floodwaters around American nuclear plants. Someone with steak knife can now cause a nuclear meltdown under Obama’s nuclear safety policies. Two years ago, when Obama was elected he insisted that the plant's operator, the Omaha Public Power District, take these measures to keep the plant safe from floodwaters blamed on former President Bush "We don't believe the plant is posing an immediate threat to the health and safety of the public," Obama’s NRC Chairman Gregory Jaczko said Monday. Parts of the plant outside a turbine building were covered in 2 feet of water.
Obama is intentionally destroying the nuclear, offshore oil and natural gas industries to raise costs of energy so high that solar energy and electric cars look competitive. But unfortunately we can’t afford them without government subsidies. He is stimulating an industry that will collapse. Under Obama the only thing Americans will be able to afford is animal power. We will need to divert farming from human foods to hay for the horses we will need to ride to work.
Billionaire George Soros spends tens of millions each year supporting a range leftist political causes, from drug legalization to buying American judges. Voters in elections select most non-federal judges around the country. Soros has spent millions in an attempt to get more states to replace elections by appointments by a committee of leftists. Supporters say it would allow judges to avoid unnecessary voter scrutiny. But critics say it will create left-wing judges. “The left can’t get their agenda through the legislatures anymore … so they think they can get their agenda through by taking over the courts,” attorney Colleen Pero told FoxNews.com. Pero’s report found that Soros, through his Open Society Institute fund, has given $45 million over the last decade to reshape the judiciary.”
World Markets:
Tear gas is being used to fight rioters in Greece today as a two-day general strike was called. Government workers who do nothing will lose their jobs and pensions. Greece already has a 16% “official unemployment rate.”
Even if Greece had no debt interest payments they are still running a deficit. Therefore if their debt was now forgiven they would in short order just run up another deficit. The Greeks owe $43000 per person in debt. Greece delayed vote on austerity to Wednesday. Obama refuses to cut USA deficit spending. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
Illegal Chinese immigration to Europe hit the news this week. Why are so many people fleeing Red China now? Is this a new brain drain or a quiet subversion of free nations by communist and terrorist planted agents? It does not look like a brain drain as these are non-professionals and it is very strange that they have access to exit visas. The problem is showing up first in Paris.
US Economic Highlights
Past Week
This time Obama had them drop last months first two statistics to make this month look better. We will use the original numbers.
Monday
Consumer spending stagnated in May as employment prospects dimmed and inflation rose to 3.6%/ year.
Personal Income May 0.2%, down from 0.4% reported last month.
Jun 27 8:30 AM Personal Spending May –0.1%, down from 0.4% last month
Jun 27 8:30 AM PCE Prices - Core inflation May 0.3% or 3.6%/yr, above the FED 2.5%/yr target level
This week’s coming reports
Jun 28 9:00 AM Case-Shiller 20-city Index Apr
Jun 28 10:00 AM Consumer Confidence Jun
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 28, 2011
U.S. stocks rose Monday on low volume as sellers tested the strength of buyers. Many workers have stopped putting 401 Plan cash into the hedge funds and are getting out again. A small decline now would break the previous low and likely trigger a sell-off.
The stock market again confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=%2Ce50%2Ce100&a=m26-12-9&c=
The bear market continues. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 21 with 15 being complete investor complacency. It is up only 6 points and has 7 more points to go up. It is only half way to a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt this week. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic. The future for America under Obama economics is a banana republic.
Asian Stocks were slightly positive last night. China 0%, Hong Kong up 0.1%, India up 0.4%, and Taiwan down –0.3%, Seoul down –0.4%, and Japan up 0.7%.
European markets are up slightly this morning in a range of about –0.5% to 0.5% half way through their day.
American markets are flat -0.2% this morning at 7 AM
Obama is intentionally destroying the nuclear, offshore oil and natural gas industries to raise costs of energy so high that solar energy and electric cars look competitive. But unfortunately we can’t afford them without government subsidies. He is stimulating an industry that will collapse. Under Obama the only thing Americans will be able to afford is animal power. We will need to divert farming from human foods to hay for the horses we will need to ride to work.
Billionaire George Soros spends tens of millions each year supporting a range leftist political causes, from drug legalization to buying American judges. Voters in elections select most non-federal judges around the country. Soros has spent millions in an attempt to get more states to replace elections by appointments by a committee of leftists. Supporters say it would allow judges to avoid unnecessary voter scrutiny. But critics say it will create left-wing judges. “The left can’t get their agenda through the legislatures anymore … so they think they can get their agenda through by taking over the courts,” attorney Colleen Pero told FoxNews.com. Pero’s report found that Soros, through his Open Society Institute fund, has given $45 million over the last decade to reshape the judiciary.”
World Markets:
Tear gas is being used to fight rioters in Greece today as a two-day general strike was called. Government workers who do nothing will lose their jobs and pensions. Greece already has a 16% “official unemployment rate.”
Even if Greece had no debt interest payments they are still running a deficit. Therefore if their debt was now forgiven they would in short order just run up another deficit. The Greeks owe $43000 per person in debt. Greece delayed vote on austerity to Wednesday. Obama refuses to cut USA deficit spending. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
Illegal Chinese immigration to Europe hit the news this week. Why are so many people fleeing Red China now? Is this a new brain drain or a quiet subversion of free nations by communist and terrorist planted agents? It does not look like a brain drain as these are non-professionals and it is very strange that they have access to exit visas. The problem is showing up first in Paris.
US Economic Highlights
Past Week
This time Obama had them drop last months first two statistics to make this month look better. We will use the original numbers.
Monday
Consumer spending stagnated in May as employment prospects dimmed and inflation rose to 3.6%/ year.
Personal Income May 0.2%, down from 0.4% reported last month.
Jun 27 8:30 AM Personal Spending May –0.1%, down from 0.4% last month
Jun 27 8:30 AM PCE Prices - Core inflation May 0.3% or 3.6%/yr, above the FED 2.5%/yr target level
This week’s coming reports
Jun 28 9:00 AM Case-Shiller 20-city Index Apr
Jun 28 10:00 AM Consumer Confidence Jun
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 28, 2011
U.S. stocks rose Monday on low volume as sellers tested the strength of buyers. Many workers have stopped putting 401 Plan cash into the hedge funds and are getting out again. A small decline now would break the previous low and likely trigger a sell-off.
The stock market again confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=%2Ce50%2Ce100&a=m26-12-9&c=
The bear market continues. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 21 with 15 being complete investor complacency. It is up only 6 points and has 7 more points to go up. It is only half way to a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt this week. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic. The future for America under Obama economics is a banana republic.
Asian Stocks were slightly positive last night. China 0%, Hong Kong up 0.1%, India up 0.4%, and Taiwan down –0.3%, Seoul down –0.4%, and Japan up 0.7%.
European markets are up slightly this morning in a range of about –0.5% to 0.5% half way through their day.
American markets are flat -0.2% this morning at 7 AM
Monday, June 27, 2011
Negative news is pouring in from all corners.
Stocks took another turn for the worse last week with a failed upward breakout of the moving averages. Negative news is pouring in from all corners. A downgrade warning was given for Italian banks and the Greek crisis peaks again this week and August 2 for the USA debt ceiling.
Disappointing earnings reports from both Oracle and Micron have cast a pall over the tech sector as investors realize that bear markets are when the hot stocks get honest and acknowledge losses they have buried in the books. That could result in a whole boatload of reported losses in the near future. Uneasy traders sent the major market indexes solidly lower
40,000 Mexicans died so far at the hands of drug cartel commandos armed after Obama socialists in the Senate authorized their training. The socialists blamed the Mexican slaughter on American individual gun owners after the socialists authorized the training of the commandos who then switched sides and joined the drug cartels. This is an illegal immigrant disaster Obama socialists thought up.
Then Obama thought he could win the presidency by, right after announcing his candidacy, claiming Bush had created a depression. Never before in American history has there been a candidate stupid enough to use the “depression” word to win an election. Then a little later Senator Dodd stupidly announced there was going to be a run on a California bank. Soon Obama- Barney-Rangle-Dodd stupidity had world confidence in the American Banking system unraveling. Obama inherited a minor recession and Obama- Barney-Rangle- Dodd turned it into an economic depression. Obama then provided bail out funds for the banks laundering the Mexican drug money. Obama lied and said American individual gun owners were responsible for the Mexican violence and that Americans should lose their right to bear arms. See this web site for what Obama has in store for America if America does not stop the drug cartel invasion of our Border States and the Obama socialists succeed in legalizing drugs. Beware the torture and murder documentation is very graphic.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
It is Obama’s model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
World Markets:
Greece delays vote on austerity to Wednesday. A devastating debt default could spark a financial maelstrom around the world at the same time as Obama refuses to cut USA deficits. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
Illegal Chinese immigration to Europe hit the news this week. Why are so many people fleeing Red China now? Is this a new brain drain or a quiet subversion of free nations by communist agents. It does not look like a brain drain as these are non-professionals and it is very strange that they have access to exit visas. The problem is showing up in Paris.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season. Very bad.
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
Initial Claims 06/18 up sharply to 429K from 414K …very bad
New Home Sales May 319K down from 323K …very bad
GDP - Third Estimate was Q1 1.9% down from more than 2.2% earlier
GDP Deflator - Third Estimate Q1 showed inflation exceeded GDP growth and real GDP was down 1% to 5% vs. CPI inflation and PPI inflation respectively. Very bad.
http://www.martincapital.com/chart-pgs/Pg_infl.htm
Durable Orders May at 1.9% continue to decline.
Durable Orders -ex Transportation May at 0.6% continue to decline.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
This week’s coming reports
Jun 27 8:30 AM Personal Income May
Jun 27 8:30 AM Personal Spending May
Jun 27 8:30 AM PCE Prices - Core May
Jun 28 9:00 AM Case-Shiller 20-city Index Apr
Jun 28 10:00 AM Consumer Confidence Jun
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 27, 2011
U.S. stocks fell sharply Friday on higher volume. The NYSE is within 3 points of its March 15 low and much worse on a market cash flow basis. Apparently workers have stopped putting 401 Plan cash into the hedge funds and are now getting out again. A 0.6% decline now would likely trigger a sell-off as the previous low would be broken as well.
The stock market again confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
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 bear market continues. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 21 with 15 being complete investor complacency. It is up only 6 points and has 7 more points to go up. It is only half way to a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt this week. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic. The future for America under Obama economics is a banana republic.
Asian Stocks were down last night. China up 0.4%, Hong Kong down -0.2%, India up 0.9%, and Taiwan down –14% and Japan down -1.1%.
European markets are up slightly this morning in a range of about 0% to 0.5% half way through their day.
American markets are up 0.4% this morning at 8 AM
Disappointing earnings reports from both Oracle and Micron have cast a pall over the tech sector as investors realize that bear markets are when the hot stocks get honest and acknowledge losses they have buried in the books. That could result in a whole boatload of reported losses in the near future. Uneasy traders sent the major market indexes solidly lower
40,000 Mexicans died so far at the hands of drug cartel commandos armed after Obama socialists in the Senate authorized their training. The socialists blamed the Mexican slaughter on American individual gun owners after the socialists authorized the training of the commandos who then switched sides and joined the drug cartels. This is an illegal immigrant disaster Obama socialists thought up.
Then Obama thought he could win the presidency by, right after announcing his candidacy, claiming Bush had created a depression. Never before in American history has there been a candidate stupid enough to use the “depression” word to win an election. Then a little later Senator Dodd stupidly announced there was going to be a run on a California bank. Soon Obama- Barney-Rangle-Dodd stupidity had world confidence in the American Banking system unraveling. Obama inherited a minor recession and Obama- Barney-Rangle- Dodd turned it into an economic depression. Obama then provided bail out funds for the banks laundering the Mexican drug money. Obama lied and said American individual gun owners were responsible for the Mexican violence and that Americans should lose their right to bear arms. See this web site for what Obama has in store for America if America does not stop the drug cartel invasion of our Border States and the Obama socialists succeed in legalizing drugs. Beware the torture and murder documentation is very graphic.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
It is Obama’s model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
World Markets:
Greece delays vote on austerity to Wednesday. A devastating debt default could spark a financial maelstrom around the world at the same time as Obama refuses to cut USA deficits. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
Illegal Chinese immigration to Europe hit the news this week. Why are so many people fleeing Red China now? Is this a new brain drain or a quiet subversion of free nations by communist agents. It does not look like a brain drain as these are non-professionals and it is very strange that they have access to exit visas. The problem is showing up in Paris.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season. Very bad.
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
Initial Claims 06/18 up sharply to 429K from 414K …very bad
New Home Sales May 319K down from 323K …very bad
GDP - Third Estimate was Q1 1.9% down from more than 2.2% earlier
GDP Deflator - Third Estimate Q1 showed inflation exceeded GDP growth and real GDP was down 1% to 5% vs. CPI inflation and PPI inflation respectively. Very bad.
http://www.martincapital.com/chart-pgs/Pg_infl.htm
Durable Orders May at 1.9% continue to decline.
Durable Orders -ex Transportation May at 0.6% continue to decline.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
This week’s coming reports
Jun 27 8:30 AM Personal Income May
Jun 27 8:30 AM Personal Spending May
Jun 27 8:30 AM PCE Prices - Core May
Jun 28 9:00 AM Case-Shiller 20-city Index Apr
Jun 28 10:00 AM Consumer Confidence Jun
Jun 29 7:00 AM MBA Mortgage Index 06/25
Jun 29 10:00 AM Pending Home Sales May
Jun 29 10:30 AM Crude Inventories 06/25
Jun 30 8:30 AM Initial Claims 06/25
Jun 30 8:30 AM Continuing Claims 06/25
Jun 30 9:45 AM Chicago PMI Jun
Jul 1 9:55 AM Michigan Sentiment - Final Jun
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Construction Spending May
Jul 1 3:00 PM Auto Sales Jun
Jul 1 3:00 PM Truck Sales
Market Outlook June 27, 2011
U.S. stocks fell sharply Friday on higher volume. The NYSE is within 3 points of its March 15 low and much worse on a market cash flow basis. Apparently workers have stopped putting 401 Plan cash into the hedge funds and are now getting out again. A 0.6% decline now would likely trigger a sell-off as the previous low would be broken as well.
The stock market again confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
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 bear market continues. The VIX is a measure of concern. Low VIX correlates with overconfidence and immanent decline and now fear must rise substantially before the current market sell-off can be considered over. Look how high the VIX has to go now before the bottom is hit in the past! The market typically bottoms with the VIX at 28 or higher. VIX now is only at 21 with 15 being complete investor complacency. It is up only 6 points and has 7 more points to go up. It is only half way to a market bottom.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
Obama and MSNBC/Pravda have been lying about recovery since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt this week. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic. The future for America under Obama economics is a banana republic.
Asian Stocks were down last night. China up 0.4%, Hong Kong down -0.2%, India up 0.9%, and Taiwan down –14% and Japan down -1.1%.
European markets are up slightly this morning in a range of about 0% to 0.5% half way through their day.
American markets are up 0.4% this morning at 8 AM
Friday, June 24, 2011
Obama is the definition of bad government and the source of stupid conflicting socialist policies killing the American economy.
Obama is the definition of bad government and the source of stupid socialist policies killing the American economy. The Obama method of reporting economic statistics deceives Americans.
40,000 Mexicans died so far at the hands of drug cartel commandos armed after Obama socialists in the Senate authorized their training. The Obama socialists blamed the Mexican slaughter on American individual gun owners. But it was the Senate socialists who authorized the training of the Mexican commandos who then switched sides and joined the drug cartels. This is an illegal immigrant disaster Senate socialists like Obama thought up before Obama even ran for president.
Obama thought he could win the presidency by claiming Bush had created a depression right after Obama announced his candidacy. Never before in American history has there been a candidate irresponsible enough to use the “depression” word to win an election. Then a little later Senator Dodd announced there was a run on a California bank. Soon Obama- Barney-Rangle-Dodd stupidity had world confidence in the American Banking system unraveling. Obama inherited a minor recession and Obama- Barney-Rangle-Dodd turned it into an economic depression. Obama then provided bail out funds for the banks laundering the Mexican drug money. That was when Obama lied and said American individual gun owners were responsible for the Mexican violence and that Americans should lose their right to bear arms. See this web site for what Obama has in store for America if America does not stop the drug cartel invasion of our Border States and the Obama socialists succeed in legalizing drugs. Beware the torture and murder documentation is very graphic.
http://www.uncoverage.net/2011/06/bankers-the-mexican-and-u-s-governments-drug-wars-and-40000-dead-graphic/
Obama supports Iran as the VP of he UN General Assembly. Obama has 22% of the UN’s budget bankrolled by US Taxpayers!
http://www.weeklystandard.com/daily/daily.asp
But Obama says that is OK as long as Iran is committed. Yes, Obama sounds like he needs to be committed too.
http://www.youtube.com/watch?v=1_nbJZ7G_rg
The Obama administration remains clueless after three years of incompetent Obama Czars like the socialist GE CEO who is moving jobs and investments to India, China, and France and undermining the USA defense industry while advising Obama how to create jobs in America. That is an Obama joke on the American people.
The International Energy Agency will have the U.S. and 27 allies release emergency oil stockpiles for the third time in three decades, the largest release in history. The purpose is to punish oil speculators who are driving up oil prices. It is a dilemma for Obama because solar energy in uneconomical and the solar industry will fail unless oil prices are kept high. Obama claims he wants alternative energy and then he turns around and kills it. Again it shows incredible fickle stupidity in the conflicting and destructive policies of the Obama administration. Obama is the definition of bad government and stupid conflicting socialist policies.
The release of 60 million barrels, or 2 million barrels a day of oil within the first 30 days, is coordinated by the IEA. The move comes 15 days after the Organization of Petroleum Exporting Countries met in Vienna and kept production quotas tight and Saudi Arabia did not help amid oil prices above $100 a barrel. High oil prices are a tax on free nations and a great source of income for Moslem terrorists around the world. The Al Quada terrorists are not all black or all white or all anything but they are all Moslems. Name one in Al Quada who is not a Moslem. As a Moslem I would do my best to destroy all the Al Quada leadership just as thousands of Germans in more than 20 assassination attempts tried to kill Hitler. Why are not even a few Moslems in the news willing to commit suicide to kill all the Al Quada leadership? Why are they always blowing up innocent women and children?
Obama continues his stupid economic policies as he subverts all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is now being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with stupid “Nigerian” type solutions that divide and impoverish every nation that tries his idiotic leftist recommendations. Now after criticizing others as isolationists he just called for American withdrawal and isolationism.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
It is Obama’s model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
World Markets:
Greece is now only days away from a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
The emerging-market initial public offering (IPO) boom, predicted for Brazil, Russia and India, has fizzled as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales. Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney-Rangle-Dodd regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season. Very bad.
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
FHFA Housing Price Index Apr increased 0.8% finally breaking the free fall. Good.
Crude Inventories 06/18 -1.711M still declining and not good for prices.
FOMC Rate Decision Jun is for no change at 0.25%
Yesterday
Initial Claims 06/18 up sharply to 429K from 414K …very bad
Continuing Claims 06/11 up sharply to 3697K from 3675K …very bad. (took off the 20K Obama fudge of last week’s number.
The Obama game is to correct the last week in an unfavorable direction by moving some of the bad news from the current week to the previous week and then report this week better. That is phony because next week he then raises this week's numbers. So the truth can only be found by comparing either consistent uncorrected numbers this week or waiting an extra week and comparing the corrected numbers next week. The Obama method of reporting economic statistics is a way he lies to and deceives Americans and it makes Obama unworthy of any more respect than Breznev or any other former lying Russian communist leader.
New Home Sales May 319K down from 323K …very bad
This week’s reports
GDP - Third Estimate Q1 1.9% vs 1.8% Inflation wiped out the gain and left it at –0.1% real growth.
GDP Deflator - Third Estimate Q1 2.0% vs 1.9% show that due to inflation there was –0.1% real growth. The news did not report this fact again. All the GDP gain was inflation.
The following are 12 month changes and were more than wiped out by 2.5% annual inflation.
See:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Durable Orders May 1.9% vs last year with annual inflation of 2.5%.
Durable Orders -ex Transportation May 0.6% from last year. Obama and his propaganda news media pretend things are getting better but from the pervious chart you can see they are lying, The recovery ended and we are slowly drifting back down. We must stop Obama’s trickle up wealth redistribution plan that amounts to pissing on our economy.
Market Outlook June 24, 2011
U.S. stocks fell sharply Thursday on high volume, but then recovered most of the loss.
The stock market confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
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 bear market has begun in earnest. The VIX is a measure of concern. Low VIX correlated with the immanent decline and now fear must rise substantially before the market sell-off is complete. Look how high the VIX has to go now before the bottom is hit! The market typically bottoms with the VIX at 28 or higher.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery has been an Obama leftist myth for almost two years now. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were up last night. China up 2.2%, Hong Kong up 1.9%, India up 2.9%, and Taiwan down –0.4% and Japan up 0.9%.
European markets are flat this morning in a range of about –0.2% to 0.4% half way through their day.
American markets are flat this morning at 8 AM
40,000 Mexicans died so far at the hands of drug cartel commandos armed after Obama socialists in the Senate authorized their training. The Obama socialists blamed the Mexican slaughter on American individual gun owners. But it was the Senate socialists who authorized the training of the Mexican commandos who then switched sides and joined the drug cartels. This is an illegal immigrant disaster Senate socialists like Obama thought up before Obama even ran for president.
Obama thought he could win the presidency by claiming Bush had created a depression right after Obama announced his candidacy. Never before in American history has there been a candidate irresponsible enough to use the “depression” word to win an election. Then a little later Senator Dodd announced there was a run on a California bank. Soon Obama- Barney-Rangle-Dodd stupidity had world confidence in the American Banking system unraveling. Obama inherited a minor recession and Obama- Barney-Rangle-Dodd turned it into an economic depression. Obama then provided bail out funds for the banks laundering the Mexican drug money. That was when Obama lied and said American individual gun owners were responsible for the Mexican violence and that Americans should lose their right to bear arms. See this web site for what Obama has in store for America if America does not stop the drug cartel invasion of our Border States and the Obama socialists succeed in legalizing drugs. Beware the torture and murder documentation is very graphic.
http://www.uncoverage.net/2011/06/bankers-the-mexican-and-u-s-governments-drug-wars-and-40000-dead-graphic/
Obama supports Iran as the VP of he UN General Assembly. Obama has 22% of the UN’s budget bankrolled by US Taxpayers!
http://www.weeklystandard.com/daily/daily.asp
But Obama says that is OK as long as Iran is committed. Yes, Obama sounds like he needs to be committed too.
http://www.youtube.com/watch?v=1_nbJZ7G_rg
The Obama administration remains clueless after three years of incompetent Obama Czars like the socialist GE CEO who is moving jobs and investments to India, China, and France and undermining the USA defense industry while advising Obama how to create jobs in America. That is an Obama joke on the American people.
The International Energy Agency will have the U.S. and 27 allies release emergency oil stockpiles for the third time in three decades, the largest release in history. The purpose is to punish oil speculators who are driving up oil prices. It is a dilemma for Obama because solar energy in uneconomical and the solar industry will fail unless oil prices are kept high. Obama claims he wants alternative energy and then he turns around and kills it. Again it shows incredible fickle stupidity in the conflicting and destructive policies of the Obama administration. Obama is the definition of bad government and stupid conflicting socialist policies.
The release of 60 million barrels, or 2 million barrels a day of oil within the first 30 days, is coordinated by the IEA. The move comes 15 days after the Organization of Petroleum Exporting Countries met in Vienna and kept production quotas tight and Saudi Arabia did not help amid oil prices above $100 a barrel. High oil prices are a tax on free nations and a great source of income for Moslem terrorists around the world. The Al Quada terrorists are not all black or all white or all anything but they are all Moslems. Name one in Al Quada who is not a Moslem. As a Moslem I would do my best to destroy all the Al Quada leadership just as thousands of Germans in more than 20 assassination attempts tried to kill Hitler. Why are not even a few Moslems in the news willing to commit suicide to kill all the Al Quada leadership? Why are they always blowing up innocent women and children?
Obama continues his stupid economic policies as he subverts all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is now being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with stupid “Nigerian” type solutions that divide and impoverish every nation that tries his idiotic leftist recommendations. Now after criticizing others as isolationists he just called for American withdrawal and isolationism.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
It is Obama’s model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
World Markets:
Greece is now only days away from a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece.
The emerging-market initial public offering (IPO) boom, predicted for Brazil, Russia and India, has fizzled as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales. Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney-Rangle-Dodd regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season. Very bad.
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
FHFA Housing Price Index Apr increased 0.8% finally breaking the free fall. Good.
Crude Inventories 06/18 -1.711M still declining and not good for prices.
FOMC Rate Decision Jun is for no change at 0.25%
Yesterday
Initial Claims 06/18 up sharply to 429K from 414K …very bad
Continuing Claims 06/11 up sharply to 3697K from 3675K …very bad. (took off the 20K Obama fudge of last week’s number.
The Obama game is to correct the last week in an unfavorable direction by moving some of the bad news from the current week to the previous week and then report this week better. That is phony because next week he then raises this week's numbers. So the truth can only be found by comparing either consistent uncorrected numbers this week or waiting an extra week and comparing the corrected numbers next week. The Obama method of reporting economic statistics is a way he lies to and deceives Americans and it makes Obama unworthy of any more respect than Breznev or any other former lying Russian communist leader.
New Home Sales May 319K down from 323K …very bad
This week’s reports
GDP - Third Estimate Q1 1.9% vs 1.8% Inflation wiped out the gain and left it at –0.1% real growth.
GDP Deflator - Third Estimate Q1 2.0% vs 1.9% show that due to inflation there was –0.1% real growth. The news did not report this fact again. All the GDP gain was inflation.
The following are 12 month changes and were more than wiped out by 2.5% annual inflation.
See:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Durable Orders May 1.9% vs last year with annual inflation of 2.5%.
Durable Orders -ex Transportation May 0.6% from last year. Obama and his propaganda news media pretend things are getting better but from the pervious chart you can see they are lying, The recovery ended and we are slowly drifting back down. We must stop Obama’s trickle up wealth redistribution plan that amounts to pissing on our economy.
Market Outlook June 24, 2011
U.S. stocks fell sharply Thursday on high volume, but then recovered most of the loss.
The stock market confirmed the new bear market trend! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit down in a continuing bear market. See:
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 bear market has begun in earnest. The VIX is a measure of concern. Low VIX correlated with the immanent decline and now fear must rise substantially before the market sell-off is complete. Look how high the VIX has to go now before the bottom is hit! The market typically bottoms with the VIX at 28 or higher.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery has been an Obama leftist myth for almost two years now. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Recovery is one of Obama’s big lies just like his campaign lie that we were in a depression one year before the leftists destroyed American real estate and banks by requiring US banks give mortgages to people of Obama’s ethnic heritage who had no visible source of income to make the mortgage payments. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame his American debt default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were up last night. China up 2.2%, Hong Kong up 1.9%, India up 2.9%, and Taiwan down –0.4% and Japan up 0.9%.
European markets are flat this morning in a range of about –0.2% to 0.4% half way through their day.
American markets are flat this morning at 8 AM
Thursday, June 23, 2011
FED Chairman Ben Bernanke Wednesday quashed speculation about another round of stimulative bond purchases, boosting the dollar and causing stock price
FED Chairman Ben Bernanke Wednesday quashed speculation about another round of stimulative bond purchases, boosting the dollar and causing stock prices to fall.
The cause of the drug war in socialist Mexico that is spreading into the USA has been identified. Obama used the USA tax dollars to train the Mexicans who have become the armed terrorists running the Mexican drug cartels. It is not American gun owners supplying the weapons as the leftist Obama administration claims; it is his appointee Attorney General Eric Holder who masterminded the menace and who wants to decriminalize drug possession in the USA. It expands the Obama base of support when you get them dependent on welfare. Obama/GE/MSNBC/Pravda is ignoring numerous reports of the Obama/Holder arms supply.
http://www.datehookup.com/Thread-688807.htm
http://www.breitbart.com/article.php?id=D9A763HO0
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations. Now after criticizing others as isolationists he just called for American isolationism.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk on the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Northern socialist Europe has given up on southern communist promises. Greek Prime Minister George Papandreou must get austerity measures passed. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece. Greece is now in danger of a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures.
The emerging-market initial public offering (IPO) boom, predicted for Brazil, Russia and India, has fizzled as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales. Brazil applied the economic brakes of a 12.5% borrowing interest rate.
The dollar strengthened against the yen and Euro, and Asian stocks fell while oil and metals led commodities lower after the Federal Reserve cut estimates for U.S. economic growth and Bernanke didn’t signal any further stimulus.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season.
Yesterday
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
FHFA Housing Price Index Apr increased 0.8% finally breaking the free fall. Good.
Crude Inventories 06/18 -1.711M still declining and not good for prices.
FOMC Rate Decision Jun is for no change at 0.25%
This week’s reports
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 23, 2011
U.S. stocks fell Wednesday on normal volume, as the FED reduced forecasts and confirmed QE3 was dead.
The stock market failed the test of the ceiling limit! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit in a continuing bear market. See:
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 bear market has begun in earnest. The VIX decline continues to say investors are complacent and the bear is alive. The VIX is a measure of concern. Low VIX correlates more with an immanent decline. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is another leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame an American default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were mixed last night. China up 1.4%, Hong Kong down –0.5%, India up 1%, and Taiwan down –0.6% and Japan down -0.3%.
European markets are down this morning in a range of about –0.6% to -1.2% half way through their day.
American markets are down about -0.4% at 6:30 AM
The cause of the drug war in socialist Mexico that is spreading into the USA has been identified. Obama used the USA tax dollars to train the Mexicans who have become the armed terrorists running the Mexican drug cartels. It is not American gun owners supplying the weapons as the leftist Obama administration claims; it is his appointee Attorney General Eric Holder who masterminded the menace and who wants to decriminalize drug possession in the USA. It expands the Obama base of support when you get them dependent on welfare. Obama/GE/MSNBC/Pravda is ignoring numerous reports of the Obama/Holder arms supply.
http://www.datehookup.com/Thread-688807.htm
http://www.breitbart.com/article.php?id=D9A763HO0
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations. Now after criticizing others as isolationists he just called for American isolationism.
Obama should listen to the Clintons:
It’s the economy you are destroying, stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk on the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
With all the due respect Obama, as the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, GE job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your claimed “Fat, greedy, energy wasting American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Northern socialist Europe has given up on southern communist promises. Greek Prime Minister George Papandreou must get austerity measures passed. Private banks have now been warned to prepare for losses because the Dutch and Germans will no longer baby the communist union’s in Greece. Greece is now in danger of a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands of Greek socialists and communists still demonstrate in Athens to stop consideration of austerity measures.
The emerging-market initial public offering (IPO) boom, predicted for Brazil, Russia and India, has fizzled as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales. Brazil applied the economic brakes of a 12.5% borrowing interest rate.
The dollar strengthened against the yen and Euro, and Asian stocks fell while oil and metals led commodities lower after the Federal Reserve cut estimates for U.S. economic growth and Bernanke didn’t signal any further stimulus.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season.
Yesterday
MBA Mortgage Index 06/17 fell again -5.9%. Very bad
FHFA Housing Price Index Apr increased 0.8% finally breaking the free fall. Good.
Crude Inventories 06/18 -1.711M still declining and not good for prices.
FOMC Rate Decision Jun is for no change at 0.25%
This week’s reports
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 23, 2011
U.S. stocks fell Wednesday on normal volume, as the FED reduced forecasts and confirmed QE3 was dead.
The stock market failed the test of the ceiling limit! On a cash flow (not price basis) it is a lot worse. Looks like the market will now follow the upper limit in a continuing bear market. See:
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 bear market has begun in earnest. The VIX decline continues to say investors are complacent and the bear is alive. The VIX is a measure of concern. Low VIX correlates more with an immanent decline. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is another leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame an American default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were mixed last night. China up 1.4%, Hong Kong down –0.5%, India up 1%, and Taiwan down –0.6% and Japan down -0.3%.
European markets are down this morning in a range of about –0.6% to -1.2% half way through their day.
American markets are down about -0.4% at 6:30 AM
Wednesday, June 22, 2011
Obama used the USA tax dollars to train the Mexicans who have become the armed terrorists running the Mexican drug cartels.
The cause of the drug war in socialist Mexico that is spreading into the USA has been identified. Obama used the USA tax dollars to train the Mexicans who have become the armed terrorists running the Mexican drug cartels. It is not American gun owners supplying the weapons as the leftist Obama administration claims; it is his appointee Attorney General Eric Holder who masterminded the menace and who wants to decriminalize drug possession in the USA. It expands the Obama base of support when you get them dependent on welfare. Obama/GE/MSNBC/Pravda is ignoring numerous reports of the Obama/Holder arms supply.
http://www.datehookup.com/Thread-688807.htm
http://www.breitbart.com/article.php?id=D9A763HO0
The NASA scientist who destroyed NASA’s credibility in the field of science and who once claimed the Bush administration tried to "silence" his global warming scam is now accused of receiving more than $1.2 million from the very environmental organizations whose global warming scam he advocated. This person, James Hansen, failed to comply with ethics rules and financial disclosures regarding unreported payments he received above and beyond his $180,000/yr taxpayer-paid position at the Goddard Institute for Space Studies. He is the reason NASA lost all credibility.
http://www.foxnews.com/politics/2011/06/22/nasa-scientist-accused-using-celeb-status-among-environmental-groups-to-enrich/#ixzz1Q0D9x0Oq
General Electric the former MSNBC/Pravda owner and currently Obama’s chief business advisor ordered 60 non-USA jets from Airbus as part of an industry-wide effort to identify non-USA ways to fly. The European plane maker announced the A320neo jet deal at the Paris Air Show on Monday. GE, originally an American company only pays 3% taxes to America on their profits. The airplane purchase is worth about $5.5 billion (that is 100,000 American jobs earning $50,000/yr) based on list price, though GE often gets discounts and other deals to avoid paying American taxes. While the socialist lead company has moved about as many jobs as it can out of the USA and dodges taxes in America the GE president is Obama’s primary business advisor for creating jobs in America and raising corporate tax revenue. This is classic Obama ineptness, like hiring a Treasury Secretary and others that dodged their taxes. Under foreign domination GE continues to be one of the largest defense manufacturers and while Obama will not lower the absurdly high American corporate tax rate of 30%, GE dodges the tax and pays only 3%. That is how leftists operate. GE leftist management considers itself smart for firing Americans while hiring foreigners. Obama considers himself smart for choosing the leftist GE president as his key business advisor on the issue of creating American jobs. As Clinton would say,
“It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!”
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations.
Obama should listen to the Clintons:
It’s the economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk on the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
As the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Greek Prime Minister George Papandreou survived a confidence vote in parliament early Wednesday. Papandreou had called the vote to face down an internal party revolt and help him pass watered down but still deeply disliked austerity measures that have provoked communist union strikes, protests and a slump in his popularity. His government is in danger of a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands rally today outside Parliament in Athens to stop consideration of austerity measures. Yet another vote to kill austerity measures is looming next week.
http://video.foxnews.com/v/1012040300001/around-the-world-protesters-gather-in-greece/
Concern among investors in the U.S financial sector isn’t so much about the banks’ direct holdings of Greek government debt but about the debt they hold from Greek banks, which in turn hold Greek government debt.
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago. The Euro will fall if the Greek communists are allowed to default without any consequences.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Yesterday
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season.
This week’s reports
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 22, 2011
U.S. stocks rose Tuesday on near normal volume, as it became apparent that the Prime Minister of Greece would no be forced to resign at a no-confidence vote that went on past midnight after the market closed. It now appears the Greek crisis and the American debt limit stalemate will occur together within the next month.
The stock market is well below the support averages and now testing the ceiling limit! On a cash flow (not price basis) it is a lot worse. If we are in a mid term bear market the market lower limit for the previous bull market will now become the upper limit for a bear market. We must wait and see,
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 decline continues to say investors are complacent. The VIX is a measure of concern. Low VIX correlates more with an immanent decline. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is another leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame an American default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were flat last night. China up 0.1%, Hong Kong up 0%, India down -0.1%, and Taiwan up 0.3%.
European markets are down this morning in a range of about 0% to -1.1% half way through their day.
American markets are down about -0.4% at 7:30 AM
http://www.datehookup.com/Thread-688807.htm
http://www.breitbart.com/article.php?id=D9A763HO0
The NASA scientist who destroyed NASA’s credibility in the field of science and who once claimed the Bush administration tried to "silence" his global warming scam is now accused of receiving more than $1.2 million from the very environmental organizations whose global warming scam he advocated. This person, James Hansen, failed to comply with ethics rules and financial disclosures regarding unreported payments he received above and beyond his $180,000/yr taxpayer-paid position at the Goddard Institute for Space Studies. He is the reason NASA lost all credibility.
http://www.foxnews.com/politics/2011/06/22/nasa-scientist-accused-using-celeb-status-among-environmental-groups-to-enrich/#ixzz1Q0D9x0Oq
General Electric the former MSNBC/Pravda owner and currently Obama’s chief business advisor ordered 60 non-USA jets from Airbus as part of an industry-wide effort to identify non-USA ways to fly. The European plane maker announced the A320neo jet deal at the Paris Air Show on Monday. GE, originally an American company only pays 3% taxes to America on their profits. The airplane purchase is worth about $5.5 billion (that is 100,000 American jobs earning $50,000/yr) based on list price, though GE often gets discounts and other deals to avoid paying American taxes. While the socialist lead company has moved about as many jobs as it can out of the USA and dodges taxes in America the GE president is Obama’s primary business advisor for creating jobs in America and raising corporate tax revenue. This is classic Obama ineptness, like hiring a Treasury Secretary and others that dodged their taxes. Under foreign domination GE continues to be one of the largest defense manufacturers and while Obama will not lower the absurdly high American corporate tax rate of 30%, GE dodges the tax and pays only 3%. That is how leftists operate. GE leftist management considers itself smart for firing Americans while hiring foreigners. Obama considers himself smart for choosing the leftist GE president as his key business advisor on the issue of creating American jobs. As Clinton would say,
“It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!”
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations.
Obama should listen to the Clintons:
It’s the economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk on the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
As the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Greek Prime Minister George Papandreou survived a confidence vote in parliament early Wednesday. Papandreou had called the vote to face down an internal party revolt and help him pass watered down but still deeply disliked austerity measures that have provoked communist union strikes, protests and a slump in his popularity. His government is in danger of a devastating debt default that could spark a financial maelstrom around the world at the same time as the USA debt ceiling is due to be raised. Thousands rally today outside Parliament in Athens to stop consideration of austerity measures. Yet another vote to kill austerity measures is looming next week.
http://video.foxnews.com/v/1012040300001/around-the-world-protesters-gather-in-greece/
Concern among investors in the U.S financial sector isn’t so much about the banks’ direct holdings of Greek government debt but about the debt they hold from Greek banks, which in turn hold Greek government debt.
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago. The Euro will fall if the Greek communists are allowed to default without any consequences.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
Yesterday
Existing Home Sales fell 4% in May to 4.8 Million hitting a six-month low in spite of the fact this is usually the peak sales season.
This week’s reports
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 22, 2011
U.S. stocks rose Tuesday on near normal volume, as it became apparent that the Prime Minister of Greece would no be forced to resign at a no-confidence vote that went on past midnight after the market closed. It now appears the Greek crisis and the American debt limit stalemate will occur together within the next month.
The stock market is well below the support averages and now testing the ceiling limit! On a cash flow (not price basis) it is a lot worse. If we are in a mid term bear market the market lower limit for the previous bull market will now become the upper limit for a bear market. We must wait and see,
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 decline continues to say investors are complacent. The VIX is a measure of concern. Low VIX correlates more with an immanent decline. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is another leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for claiming growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. But the FED will not reverse the policy until inflation gets much worse. Obama hates everything America stands for and he would be content to blame an American default on President Bush. Obama is a banana republic dictator in need of a banana republic…future America under Obama for life.
Asian Stocks were flat last night. China up 0.1%, Hong Kong up 0%, India down -0.1%, and Taiwan up 0.3%.
European markets are down this morning in a range of about 0% to -1.1% half way through their day.
American markets are down about -0.4% at 7:30 AM
Tuesday, June 21, 2011
General Electric the former MSNBC/Pravda owner and current industrial advisor to Obama, just ordered 60 non-USA jets from Airbus as part of their indu
General Electric the former MSNBC/Pravda owner and current industrial advisor to Obama, just ordered 60 non-USA jets from Airbus as part of their industry-wide effort to identify non-USA ways to fly. Airbus, the European plane maker, announced the A320 jet deal at the Paris Air Show on Monday. GE, originally an American company only pays 3% taxes on their profits in America. The transaction is worth about $5.5 billion based on list price, though GE often gets discounts and other deals to avoid paying American taxes. While the socialist led company has moved about as many jobs as it can out of the USA and dodges taxes in America the GE president is Obama’s business advisor for creating jobs in America and raising corporate tax revenue. This is a classic example of Obama ineptness, like Obama's hiring a Treasury Secretary and others that dodged their taxes. Under foreign domination GE continues to be one of the largest subsidized USA defense manufacturers and while Obama will not lower the absurdly high American corporate tax rate of 30%, GE dodges the tax and pays only 3%. That is how leftists operate. GE leftist management considers itself smart for firing Americans while hiring foreigners. While GE owned MSNBC/Pravda it was the most outrageous leftist propagand machine in the free world. Obama considers himself smart for choosing the leftist GE president as his key business advisor on the issue of creating American jobs. Obama is becoming a joke. As Clinton would say,
“It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!”
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations.
Obama should listen to the Clintons:
It’s the American economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his presidential campaign that America was in a depression... a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk upon the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
As the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Concern among investors in the U.S financial sector isn’t so much about the banks’ direct holdings of Greek government debt but about the debt they hold from Greek banks, which in turn hold Greek government debt.
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago. The Euro will fall if the Greek communists are allowed to default without any consequences.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
MBA Mortgage Index 06/10 rose 13% after hitting a new low last month. Good
CPI May rose 0.2% and the Core CPI May rose 0.3% or at a 3.6% rate that exceeds the FED 2.5% target. Bad
Empire Manufacturing Jun dropped –7.8 a severe contraction in manufacturing. Very bad
Net long-term TIC Flows Apr rose to $30.6B, which means foreign countries are still buying up American real estate and assets. It rose 25% this month. Very bad.
Industrial Production May squeaked out a 1% rise. Good
Capacity Utilization May remained at 76.7%. Overcapacity implies cuts coming.
NAHB Housing Market Index Jun continued to fall rapidly from 16 last month now to only 13. Very bad
Crude Inventories 06/11 shrunk again by over -3.4M meaning gasoline prices are going to rise again. Bad
Initial Claims 06/11 - were a high 414K showing jobs are not being created with Obama’s racist and leftist policies. Bad
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
This week’s reports
Jun 21 10:00 AM Existing Home Sales May
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 21, 2011
U.S. stocks rose Monday week on extremely low volume. That is a sign the bears pulled back and there were no new bulls. It is a sign the market has a very weak foundation.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new support at the 2010 low is here but it could easily break that 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 decline says investor’s complacency increased again because the VIX is a measure of concern. That correlates more with a sharper decline about to happen. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were up last night. China up 1%, Hong Kong up 1.2%, India up 0.3%, and Japan up 1.1%.
European markets are up this morning in a range of about 0.6% to 1.1% half way through their day.
American markets are up about 0.4% at 7:30 AM
“It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!”
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
Obama continues to subvert all world free-market democracies. Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and they were unable to kill all the Israelis. The Muslim Brotherhood is no being radicalized. The Obama disaster is only beginning. Obama has been continually undermining America with “Nigerian” type solutions that divide and impoverish every nation that tries his leftist recommendations.
Obama should listen to the Clintons:
It’s the American economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his presidential campaign that America was in a depression... a year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk upon the world. We know of a specific case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic civil liberties everywhere it was tried, stupid! End those policies stupid!
As the Clinton’s say, “It’s the economy stupid!”
It’s your leftist tax dodging, job exporting business advisor stupid! Get a business advisor who has a brain stupid!
It’s your leftist tax dodging, Treasury Secretary stupid! Get one who has a brain stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when Preside Bush had unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market because more than 30% of mortgages were going to people who could not afford the mortgage payments. The Senate Banking Committee told all lenders they would not have access to Federal backed loans if they asked questions about the applicant’s ability to pay. They were required to accept whatever the applicant said. That is how this last world financial crisis was created. It was intended to help all people of Obama’s ethnic heritage. Obama also gave “his people” ten’s of $billions in reparations in a phony case which claimed past discrimination against farmer’s of his ethnic heritage. The case failed in the court system so Obama and his Senate friends went around the system once Obama was elected.
World Markets:
Concern among investors in the U.S financial sector isn’t so much about the banks’ direct holdings of Greek government debt but about the debt they hold from Greek banks, which in turn hold Greek government debt.
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago. The Euro will fall if the Greek communists are allowed to default without any consequences.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force American banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and stupid Obama- Barney Frank regulations are still in place since Obama was a Senator. The racist policy continues to this day for the targeted benefit of people of Obama’s particular ethnic heritage. The Supreme Court should adjudicate this when the leftist racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
The economic reports of the last three months have been dismal, and worse than the forecasts of Wall Street.
Past Week Initial
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
MBA Mortgage Index 06/10 rose 13% after hitting a new low last month. Good
CPI May rose 0.2% and the Core CPI May rose 0.3% or at a 3.6% rate that exceeds the FED 2.5% target. Bad
Empire Manufacturing Jun dropped –7.8 a severe contraction in manufacturing. Very bad
Net long-term TIC Flows Apr rose to $30.6B, which means foreign countries are still buying up American real estate and assets. It rose 25% this month. Very bad.
Industrial Production May squeaked out a 1% rise. Good
Capacity Utilization May remained at 76.7%. Overcapacity implies cuts coming.
NAHB Housing Market Index Jun continued to fall rapidly from 16 last month now to only 13. Very bad
Crude Inventories 06/11 shrunk again by over -3.4M meaning gasoline prices are going to rise again. Bad
Initial Claims 06/11 - were a high 414K showing jobs are not being created with Obama’s racist and leftist policies. Bad
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists. Bad
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K. Not good. See:
http://www.martincapital.com/chart-pgs/Pg_hous.htm
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month. Bad
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month. Very bad.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. Bad. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phony Obama numbers this time and not worth discussing.
This week’s reports
Jun 21 10:00 AM Existing Home Sales May
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 21, 2011
U.S. stocks rose Monday week on extremely low volume. That is a sign the bears pulled back and there were no new bulls. It is a sign the market has a very weak foundation.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new support at the 2010 low is here but it could easily break that 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 decline says investor’s complacency increased again because the VIX is a measure of concern. That correlates more with a sharper decline about to happen. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were up last night. China up 1%, Hong Kong up 1.2%, India up 0.3%, and Japan up 1.1%.
European markets are up this morning in a range of about 0.6% to 1.1% half way through their day.
American markets are up about 0.4% at 7:30 AM
Monday, June 20, 2011
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist states can not be part of the EU if the EU is to survive.
Obama continues his stupid policies as he subverts all world free-market democracies.
Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and kill all the inhabitants. Obama has been continually undermining America with stupid “Nigerian” type solutions that divide and impoverish every nation that tries his recommendations.
Obama should listen to the Clintons:
It’s the economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression the year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk. We personally know of a case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic personal liberty everywhere it was tried, stupid! End those policies stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market.
World Markets:
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist controlled states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and their stupid Obama- Barney Frank regulations are still in place since Obama was a Senator and the racist policy continues to this day for the targeted benefit of people of their particular ethnic heritage. The Supreme Court should adjudicate this when the racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
Past Week Initial
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
MBA Mortgage Index 06/10 rose 13% after hitting a new low last month
CPI May rose 0.2% and the Core CPI May rose 0.3% or at a 3.6% rate that exceeds the FED 2.5% target.
Empire Manufacturing Jun dropped –7.8 a severe contraction in manufacturing
Net long-term TIC Flows Apr rose to $30.6B, which means foreign countries are still buying up American real estate and assets. It rose 25% this month.
Industrial Production May squeaked out a 1% rise.
Capacity Utilization May remained at 76.7%
NAHB Housing Market Index Jun continued to fall rapidly from 16 last month now to only 13.
Crude Inventories 06/11 shrunk again by over -3.4M meaning gasoline prices are going to rise again.
Initial Claims 06/11 - were a high 414K showing jobs are not being created with Obama’s racist and leftist policies.
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists.
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month.
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phone Obama numbers this time and not worth discussing.
This week’s reports
Jun 21 10:00 AM Existing Home Sales May
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 20, 2011
U.S. stocks sank last week on increasing volume.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is here but it could easily break that 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 decline says investor’s complacency increased again. That correlates more with a sharper decline about to happen. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were down last night. China down -0.8%, Hong Kong down -0.5%, India down -2%, Taiwan down –1.2%, and Japan 0%.
European markets are down this morning in a range of about –0.7% to –1.9% half way through their day.
American markets are down about -0.5% at 8:00AM
Obama has undermined every Middle East government that favored peace or co-existence in the Middle East after they failed to invade Israel in 1967 and kill all the inhabitants. Obama has been continually undermining America with stupid “Nigerian” type solutions that divide and impoverish every nation that tries his recommendations.
Obama should listen to the Clintons:
It’s the economy you are destroying stupid!
Senator Obama was the first presidential candidate ever to use fear mongering when he said during his campaign that America was in a depression the year before the real-estate banking crisis. It was as if he knew the Senate Banking Committee had unleashed extraordinary real estate risk. We personally know of a case of a person that bought a house last year with no money down, who’s only qualification is being of Obama’s ethnic heritage. It was an immaculate landscaped property that is now being run down destroying the entire neighborhood. Obama’s no money down home purchase plan for people who’s only qualification is being of Obama’s ethnic heritage is a racist and stupid real estate requirement from the leftist run Senate Banking Committee! End it stupid racist!
It is your model communist policies that expand leftist unions, welfare, ignorance, inefficiency, and poverty that expands a leftist voting block to overthrow democratic personal liberty everywhere it was tried, stupid! End those policies stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage operative house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, racist pro lazy, pro illegal, pro drug, and pro tax loophole policy stupid! End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s.
Trillions of dollars went down the Obama’s toilet bowl using Obama’s trickle up policy. People who by their individual effort produce something people want, those creative people, earn all the wealth naturally rise to the top. Therefore it makes sense that real wealth can only trickle down. Felons, pimps, prostitutes, drug dealers, welfare families, and all people who live from hand to mouth cannot be relied upon to create an economic boom. End it stupid!
The Senate leftists (Rangel, Dodd, Obama etc.) caused the American banking crisis because the risk of American real estate failures rose precipitously when unemployment was as low as 5%. A minor recession was all it took to collapse the real estate market.
World Markets:
Europe prepares to dump the Greek communists. It is becoming painfully clear that communist controlled states can not be part of the EU if the EU is to survive. Even socialist states cannot be allowed to share the Euro with competent EU states. The EU Euro is being used by the lazy and indigent Greeks to enslave the people who want to make the EU a sound self-sustaining force for intellectual strength in the world. Being a slave of the Greeks is not as popular as it was 3000 years ago.
Fear is beginning to grip world markets as the world realizes that the United States of America is led by leftists and racists that cause the financial crisis by using the Senate Banking Commission to force banks and thus the entire real-estate industry to provide free “no questions asked” housing to people who have never saved a nickel and who have no credit record. Those racist and their stupid Obama- Barney Frank regulations are still in place since Obama was a Senator and the racist policy continues to this day for the targeted benefit of people of their particular ethnic heritage. The Supreme Court should adjudicate this when the racists are removed in 2012.
Fear is also gripping the world because China has a housing policy that could be as stupid as Obama’s housing policy and we just do not know what will happen to China now the bubble is popping. If China has a real estate bust it could be long and deep and put the world into a depression. China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone and is intended to end the housing bubble.
Brazil applied the economic brakes of a 12.5% borrowing interest rate.
Many leaders in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized all the governments in that region.
US Economic Highlights
Past Week Initial
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
MBA Mortgage Index 06/10 rose 13% after hitting a new low last month
CPI May rose 0.2% and the Core CPI May rose 0.3% or at a 3.6% rate that exceeds the FED 2.5% target.
Empire Manufacturing Jun dropped –7.8 a severe contraction in manufacturing
Net long-term TIC Flows Apr rose to $30.6B, which means foreign countries are still buying up American real estate and assets. It rose 25% this month.
Industrial Production May squeaked out a 1% rise.
Capacity Utilization May remained at 76.7%
NAHB Housing Market Index Jun continued to fall rapidly from 16 last month now to only 13.
Crude Inventories 06/11 shrunk again by over -3.4M meaning gasoline prices are going to rise again.
Initial Claims 06/11 - were a high 414K showing jobs are not being created with Obama’s racist and leftist policies.
Continuing Claims 06/04 held at about 3675K via manipulation of data by the administration leftists.
Housing Starts May rose to 560K in spite of a 20% housing overhang and Building Permits May rose to 612K
Current Account Balance Q1- $119Billion/month deficit rate is up 5% from last month.
Philadelphia Fed Jun showed a contraction of –7.7 after a 3.9 improvement the previous month.
Mich. Sentiment Jun dropped to 71.8 from 74.3 last month. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Leading Indicators May rose 0.8% but it looks like completely phone Obama numbers this time and not worth discussing.
This week’s reports
Jun 21 10:00 AM Existing Home Sales May
Jun 22 7:00 AM MBA Mortgage Index 06/17
Jun 22 10:00 AM FHFA Housing Price Index Apr
Jun 22 10:30 AM Crude Inventories 06/18
Jun 22 12:30 PM FOMC Rate Decision Jun
Jun 22 2:15 PM FOMC Rate Decision Jun
Jun 23 8:30 AM Initial Claims 06/18
Jun 23 8:30 AM Continuing Claims 06/11 -
Jun 23 10:00 AM New Home Sales May
Jun 24 8:30 AM GDP - Third Estimate Q1
Jun 24 8:30 AM GDP Deflator - Third Estimate Q1
Jun 24 8:30 AM Durable Orders May
Jun 24 8:30 AM Durable Orders -ex Transportation May
Market Outlook June 20, 2011
U.S. stocks sank last week on increasing volume.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is here but it could easily break that 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 decline says investor’s complacency increased again. That correlates more with a sharper decline about to happen. There is still just very little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Obama will stop poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were down last night. China down -0.8%, Hong Kong down -0.5%, India down -2%, Taiwan down –1.2%, and Japan 0%.
European markets are down this morning in a range of about –0.7% to –1.9% half way through their day.
American markets are down about -0.5% at 8:00AM
Wednesday, June 15, 2011
Wisconsin’s Supreme Court upheld legislature’s right to end corrupt union practices of buying leftist judges, leftist arbitrators, and leftist legisla
American auto sales slump and retail sales declined for the first time in 11 months
No blog updates will be provided Thursday or Friday.
Wisconsin’s Supreme Court upheld legislature’s right to end corrupt union practices of buying leftist judges, leftist arbitrators, and leftist legislators. State union workers lose their ability to buy votes and steal wealth from Wisconsin taxpayers. Prior to the drug culture of the 1960’s it was considered illegal for government paid fire, police, military, teachers and other government workers to unionize.
During WWI the French army unionized and went on strike allowing the German Army to invade. The French arrested the striking French soldiers and shot and killed every tenth striking soldier for punishment as the other striking soldiers watched. The point is that no group of government workers can be allowed to bring down the government because it is either treason against the people or else their jobs should be privatized.
The government corruption problem is self-evident. The Communists, socialists, and other leftists see it as a way to subvert democracies and in Greece they are paralyzing the democracy and taking control of the streets where they have set banks on fire and killed people who did not join their strikes. But the MSNBC/Pravda reporters do not report the intimidation and threats. In Wisconsin they force workers to join with union members (the non-union people have no right to work as they do where Boeing is trying to open an airplane assembly plant. The National Labor Relation’s Board is corrupt and controlled by pro-Obama unions after Obama rescued the GM union pensions with $15Billion from American taxpayers. In Wisconsin the government workers are forced to pay dues which are given to leftists election campaigns as is done in many leftist northern American states. The leftists then get elected and pay the unions back with benefits such as 90% pay upon retirement at age 50 with full state paid medical benefits.
The Wisconsin people have had enough and threw out the legislature’s leftists. Now the Wisconsin Supreme Court has said a leftist lower court judge had overstepped her authority and violated the state constitution by illegally usurping the executive branch’s veto powers to control legislation. The Wisconsin's highest court has ruled that a constitutional legislative measure that curbs the corrupt bargaining by public state workers can take effect.
The law eliminates most vote buying by public employees and requires them to pay more for pensions and health coverage. It was passed by the Republican-controlled legislature and signed by Governor Scott Walker in March despite the largest Greek style protests in Madison since the anti-Vietnam drug culture took the streets.
The court said: "One of the courts that we are charged with overseeing has usurped the legislative power which the Wisconsin constitution grants exclusively to the legislature ... exceeded its jurisdiction, invaded the legislature's constitutional powers ... and erred in the enjoining the publication and further implementation of the Act."
The Obama supporting leftists reoccupied Wisconsin State legislature building yesterday in defiance of constitutional government and the Wisconsin taxpayers and supporters of democracy.
Governor Walker, who said the measure was needed to help the state fix its finances, welcomed Tuesday's judgment, saying it "provides our state the opportunity to move forward together and focus on getting Wisconsin working again".
Wisconsin's attorney general, JB Van Hollen, said the Supreme Court had "vindicated" the administration's arguments.
The corrupt Democrats said the ruling weaken political support from some of their strongest constituencies. But Republicans argued that the corrupt compensation and bargaining rights enjoyed by public union workers is no longer affordable in an era of soaring state budget deficits.
The unions have forced special legislature recall elections next month in what may be the largest wave of such special elections in US history. It will be another test of Obama leftist attempts to corrupt and bring down traditional American democracy.
Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a much larger majority disapproves of his handling of the economy and even more believe he is either grossly inept or deliberately destroying the economy.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s..
World Markets:
Barely a year after Athens was granted a 110 billion Euro bailout package, the EU, the IMF and the European Central Bank are haggling over a second funding deal, while Greece's ruling party is pretending to push band aide measures through parliament. The goal is to pretend their debt rollover is now voluntary so the EU can pretend Greece is not in default.
China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside, by 0.50 percentage point to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone.
Brazil applies the economic brakes of a 12.5% interest rate to slow accelerating inflation.
Many in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized that region.
Gold has peaked for now and high energy prices will be a world wide deflationary threat in the near future.
US Economic Highlights
Past Week Initial
Jun 14
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
This week
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 –
Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May
Market Outlook June 15, 2011
U.S. stocks rallied on 25% lower than normal transaction volume. It is a sign of very little buying as sellers take a holiday.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is here but it could easily break that 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 investor’s complacency could soon turn to panic as intermediate resistance levels are close to meltdown. That correlates more with a sharper decline about to happen. There is still just a little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. Click on the 5yr chart and see full effect of the slowdown. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were down last night. China down -0.9%, Hong Kong down -0.7%, India down -1%, and Japan up 0.3%.
European markets are down this morning in a range of about +0.0% to -1% half way through their day.
American markets are down about -0.5% at 7:00AM
No blog updates will be provided Thursday or Friday.
Wisconsin’s Supreme Court upheld legislature’s right to end corrupt union practices of buying leftist judges, leftist arbitrators, and leftist legislators. State union workers lose their ability to buy votes and steal wealth from Wisconsin taxpayers. Prior to the drug culture of the 1960’s it was considered illegal for government paid fire, police, military, teachers and other government workers to unionize.
During WWI the French army unionized and went on strike allowing the German Army to invade. The French arrested the striking French soldiers and shot and killed every tenth striking soldier for punishment as the other striking soldiers watched. The point is that no group of government workers can be allowed to bring down the government because it is either treason against the people or else their jobs should be privatized.
The government corruption problem is self-evident. The Communists, socialists, and other leftists see it as a way to subvert democracies and in Greece they are paralyzing the democracy and taking control of the streets where they have set banks on fire and killed people who did not join their strikes. But the MSNBC/Pravda reporters do not report the intimidation and threats. In Wisconsin they force workers to join with union members (the non-union people have no right to work as they do where Boeing is trying to open an airplane assembly plant. The National Labor Relation’s Board is corrupt and controlled by pro-Obama unions after Obama rescued the GM union pensions with $15Billion from American taxpayers. In Wisconsin the government workers are forced to pay dues which are given to leftists election campaigns as is done in many leftist northern American states. The leftists then get elected and pay the unions back with benefits such as 90% pay upon retirement at age 50 with full state paid medical benefits.
The Wisconsin people have had enough and threw out the legislature’s leftists. Now the Wisconsin Supreme Court has said a leftist lower court judge had overstepped her authority and violated the state constitution by illegally usurping the executive branch’s veto powers to control legislation. The Wisconsin's highest court has ruled that a constitutional legislative measure that curbs the corrupt bargaining by public state workers can take effect.
The law eliminates most vote buying by public employees and requires them to pay more for pensions and health coverage. It was passed by the Republican-controlled legislature and signed by Governor Scott Walker in March despite the largest Greek style protests in Madison since the anti-Vietnam drug culture took the streets.
The court said: "One of the courts that we are charged with overseeing has usurped the legislative power which the Wisconsin constitution grants exclusively to the legislature ... exceeded its jurisdiction, invaded the legislature's constitutional powers ... and erred in the enjoining the publication and further implementation of the Act."
The Obama supporting leftists reoccupied Wisconsin State legislature building yesterday in defiance of constitutional government and the Wisconsin taxpayers and supporters of democracy.
Governor Walker, who said the measure was needed to help the state fix its finances, welcomed Tuesday's judgment, saying it "provides our state the opportunity to move forward together and focus on getting Wisconsin working again".
Wisconsin's attorney general, JB Van Hollen, said the Supreme Court had "vindicated" the administration's arguments.
The corrupt Democrats said the ruling weaken political support from some of their strongest constituencies. But Republicans argued that the corrupt compensation and bargaining rights enjoyed by public union workers is no longer affordable in an era of soaring state budget deficits.
The unions have forced special legislature recall elections next month in what may be the largest wave of such special elections in US history. It will be another test of Obama leftist attempts to corrupt and bring down traditional American democracy.
Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a much larger majority disapproves of his handling of the economy and even more believe he is either grossly inept or deliberately destroying the economy.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s..
World Markets:
Barely a year after Athens was granted a 110 billion Euro bailout package, the EU, the IMF and the European Central Bank are haggling over a second funding deal, while Greece's ruling party is pretending to push band aide measures through parliament. The goal is to pretend their debt rollover is now voluntary so the EU can pretend Greece is not in default.
China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside, by 0.50 percentage point to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone.
Brazil applies the economic brakes of a 12.5% interest rate to slow accelerating inflation.
Many in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized that region.
Gold has peaked for now and high energy prices will be a world wide deflationary threat in the near future.
US Economic Highlights
Past Week Initial
Jun 14
Retail Sales in May fell -0.2% after rising 0.5% last month, the first decline in 11 months. Very bad
Retail Sales ex-auto May declined to 0.3% from increasing 0.6% last month, Not good
Producer Price Index May rose 0.2% after rising 0.8% last month. OK
Core PPI May rose 0.2% after rising 0.3% last month. OK
Business Inventories Apr increased 0.8% after increasing 1$ last month, Not good
This week
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 –
Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May
Market Outlook June 15, 2011
U.S. stocks rallied on 25% lower than normal transaction volume. It is a sign of very little buying as sellers take a holiday.
The stock market is well below the support averages and now testing a major low! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is here but it could easily break that 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 investor’s complacency could soon turn to panic as intermediate resistance levels are close to meltdown. That correlates more with a sharper decline about to happen. There is still just a little fear at this point. Look how high the VIX has to go before the bottom is hit! And it is showing more complacency today.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. Click on the 5yr chart and see full effect of the slowdown. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks were down last night. China down -0.9%, Hong Kong down -0.7%, India down -1%, and Japan up 0.3%.
European markets are down this morning in a range of about +0.0% to -1% half way through their day.
American markets are down about -0.5% at 7:00AM
Subscribe to:
Posts (Atom)