Face the facts Obama. There is a very high correlation between being lazy, being fat, being on welfare, and being an Obama supporting leftist.

At least 30 percent of people in 12 states were obese in 2010, an increase of three states from a year earlier, according to the U.S. Centers for Disease Control and Prevention. Most of the obesity is actually among Obama supporters and is a symptom of people who do not like to work for a living or just prefer welfare and no-questions asked Obama mortgages. They could care less about helping other people when they don’t even care nor have any pride in taking care of themselves. Yes Obama’s wife knows about the problem but leftists blame farmers for producing food so inexpensively that tastes so good. Leftist say farmers are the blame for fertilizing the fields so Americans don’t starve as people are in Africa, and manufacturers are the blame for making food so cheap and good so even the lazy Americans who support Obama get fat. Socialists are always prepared to blame someone else for their failures. Bush never blamed Clinton for the DOT-COM recession and the collapse of corporate fraud he inherited. But Obama still refuses to take responsibility for the inept way Obama stifles the American economy with his squandering of the American treasury on big government and his “every loafer gets a free house” program.

Wake up Obama… lazy leftist get fat naturally because they take the wealth of taxpayers and expect the government to do everything for them. Face the facts Obama. There is a very high correlation between being lazy, being fat, being on welfare, and being an Obama supporting leftist.

Florida Black Congressman Rep. Allen West hit back in the email. The email's subject line said, "Unprofessional and Inappropriate Sophomoric Behavior” from Wasserman Schultz who talks like former Congressman Wiener who also was a bigmouth leftist. "Look, Debbie", "If you have something to say to me, stop being a coward and say it to my face, otherwise, shut the heck up. Focus on your own congressional district!." It continues, "From this time forward, understand that I shall defend myself forthright against your heinous characterless behavior. You have proven repeatedly that you are not a Lady, therefore, shall not be afforded due respect from me!" See:
http://www.nydailynews.com/blogs/dailypolitics/2011/07/tea-party-congressman-to-dnc-chairwoman-youre-despicable-vile-and-not-a-lady

With the heat wave today we are reminded of the London heat waves during the early industrial revolution when thousands died.



It is only leftist executives who don’t like America that move American businesses and jobs to leftist countries. Any good communist /Moslem/socialist would do the same. Think about it, is there one American capitalist who is moving American jobs to socialist countries? No. It is only being done by people who do not think America is still the land of opportunity and think that socialism and big government are better than American traditional freedoms.

World Markets:
Asian economies continue to peak. China may be contracting and as many Asian companies posted lower earnings. Oil dropped from near its highest on signs of a slowdown in Chinese manufacturing and as the dollar pared losses, undermining the appeal of commodities. Food costs soar from pork to onions

World markets are predicting another world wide recession beginning within six months. The 200 and 100 day moving averages have crossed saying the stock markets are about to drop to recession lows. The USA markets are also getting close to a confirmation of the recession the world is now anticipating. All have head-and shoulder sell formations as well.

Emerging markets ready to plummet. Brazil http://finance.yahoo.com/q/ta?s=%5EBVSP&t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=

Asian markets ready to plummet. China
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^SSEC
India
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^BSESN

Europe’s markets ready to plummet. Swiss
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^SSMI

US Economic Highlights
Past Week
MBA Mortgage Index 07/09 declined another -5.1%
Mich Sentiment Jul 63.8 fell sharply from 71.5
Net Long-Term TIC Flows into the USA in May declined to $23.6B from $30.6B – not good
NAHB Housing Market Index Jul 15 rose to 14 from 13 –good
Housing Starts in Jun up to 629K from last month’s reported 560K good
Building Permits Jun up to 624K from last month’s reported 612K-good
MBA Mortgage Index 07/16 rose 15.5% reversing downtrend last month of -5.1%-
Existing Home Sales Jun 4.77M down from 4.81M not good
Crude Inventories 07/16 -3.727M more shortages from -3.124M says gas prices going up

Thursday
Initial Unemployment Claims 07/16 418K up from 405K last week
Continuing Claims 07/9 3.698K down slightly from 3727K
Philadelphia Fed Jul up 3.20 from last months down -7.70
Leading Indicators Jun 0.3% down from 0.8%
FHFA Housing Price Index May 0.4% which is on top of last week’s 0.8% -good


Market Outlook July 22, 2011
Layoffs and unemployment are on the rise again but Obama still blames Bush. Mortgages still being given to unqualified people as gifts from Obama for people of his ethnic heritage.

Buying on lows of out-of-favor stocks is paying off as institutions rotate out of the high fliers. If insiders and institutions have been selling out these past six months as trading records show, and if American small investors were not the buyers then it could be foreign buying that has propped up the American stock market. That would be all the more reason for a May 6, 2010 type event. It is hard to pick good buys but some companies were best of breed and will survive just based on the value of their patents and customer base. Housing should be near the lows now.

While complacency is now a very real risk we need to think about the buying opportunities it presents. It means investors are in the ozone with high fling stock and not thinking straight and could be missing opportunities with overlooked equities. VIX dropping again says things can get bad fast with high fliers like Apple.
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=

Normally when the VIX peaks above 25 that would be the time to consider investing in stocks and shorting gold and silver. Gold has had its longest rising period in ninety years. We still have had no FBI investigation in how the brokers created the May 6 2010 total market collapse.

The last rally still looks like the second shoulder of a classic head-and-shoulders sell signal. If that is the case there could be a sharp sell off. Perhaps it already occurred and the prices are suspended using futures. See:
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=e50%2Ce100&a=m26-12-9&c=
http://finance.yahoo.com/q/ta?s=^NYA&t=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

Recovery is one of Obama’s big lies. 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 0.2%, Hong Kong up 2%, India up 1.6%, and Japan up 1.2%.

European markets are up this morning in a range of about 0.3% to 1% half way through their day.

American markets futures are up today 0.2 to 0.4% this morning at 7:00 AM