Obama will go down as the most corrupt, incompetent, and nasty Stalinist style president in USA history.

Headlines in California today state that the Democrat treasurer Ms. Kinde Durkee stole millions in campaign contributions.

Squawk Box this AM reported that Obama’s publicly funded training programs have an actual 47% average tuition default rate overall with only up to 15% admitted based on first year results. Big rig trucking schools in Connecticut run over a 90% loan default rate on their Obama training after three years because the Obama students still can’t pass the driving tests.

Squawk Box also reported that Solyndra LLC of Fremont, Calif., that had become the poster child for Obama’s funneling money to his people under the guise of investment in green technology was already known to be going bankrupt before Obama went there and gave them $529 million from his first stimulation package. The president visited the company in May of last year and noted that Solyndra would hire another 1,000 workers to manufacture solar panels. Is Obama really so stupid or is he just so corrupt? Solyndra just laid off all their workers.

In Obama’s first term, the Wall Street Journal headline today report is that American family income has now dropped to 1996 levels. There are now more homeless people living under Obama’s Stalinism than ever in the history of America.

Republican Bob Turner won the New York City House seat, with voters dealing a rebuke to narcissistic President Bark Obama in a traditionally Democratic district, that scandal forced narcissistic Anthony Weiner to give up.

Obama’s Stalinist dictated jobs stimulation bill repeats the same unacceptable tax on entrepreneurs that was rejected when Obama got the last Standard and Poor’s downgrade. Obama then abused his power and forcibly investigated S&P and forced its CEO to resign as his Stalinist type revenge. Now Obama is forcing the US Congress to reject and give a repeat of his first stimulation bill failure and that could now subject the USA to a second S&P downgrade.

Obama has just presented Congress with a written plan to destroy jobs but keep unions working temporarily so he can skim off a $billion for his campaign from the $447Billion he plans to waste. Obama’s wife got a 6 figure job when Obama went into politics. When she stepped down they didn’t replace her. That shows how much her work contributed. She was hired so Obama would give her employer a federal grant several times as much as her salary. Obama will go down as the most corrupt, incompetent, and nasty Stalinist style president in USA history.


World markets
Spanish banks increased their borrowings from the European Central Bank in August as the ECB began buying bonds from Spain and Italy to curb Europe’s sovereign-debt crisis.

Kenyan borrowing interest rates now at 31%.

Greece is now a third world nation and could soon be booted out of the EU. Turkey is now an impoverished radical Moslem state and would rather kill Jews than join the EU any time soon anyway.

The French market weakens as French banks hold considerable Greek debt. But France is doing OK again today.
The French bank downgrade was the latest blow in Europe's debt crisis.

Italian markets are falling again.

Check your prospectus and avoid investment advisors who select funds with EU and other third world debt. Also we would avoid gold and silver investments.

World markets are revisiting their lows and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany resumes decline because they underwrite Greece. Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart2:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The Swiss government and central bank has a target for the Swiss franc to halt its. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show some resiliency.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


American Economy-
Last week
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6% i.e. good news.
Yesterday
Export Prices ex-ag. Aug up 0.3% vs last moths up 0.5% showing inflation moderating to target level.
Import Prices ex-oil Aug up 0.2% vs last moths up 0.4% showing inflation moderating to target level.
Treasury Budget Aug -$134.2B vs -$90.5B last month showing Obama deficit spending effect.

This Week
Sep 14 7:00 AM MBA Mortgage Index
Sep 14 7:00 AM MBA Mortgage Purchase Index 09/10
Sep 14 8:30 AM PPI Aug
Sep 14 8:30 AM Core PPI Aug
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
Sep 14 10:30 AM Crude Inventories 09/10

Sep 15 8:30 AM Initial Claims 09/10
Sep 15 8:30 AM Continuing Claims 09/03
Sep 15 8:30 AM CPI Aug
Sep 15 8:30 AM Core CPI Aug
Sep 15 8:30 AM Empire Manufacturing Sep
Sep 15 8:30 AM Current Account Balance Q2
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:00 AM Philadelphia Fed Sep

Sep 16 9:00 AM Net long-term TIC Flows Jul
Sep 16 9:55 AM Mich Sentiment

Market Outlook September 14 2011

US stocks rose for a second day as values are high and consumers are coming back.

Target's(TGT) web site went down yesterday, as consumers raced to get its limited-edition Missoni line. Such sales indicates that the American outlook is improving as they see a light at the end of the tunnel with an end to the most corrupt and idiotic federal administration in the history of American gaffes and embarrassments.

We predict a sharp rise in home sales is stating now. We predict this data should be reflected in Federal statistics soon. This will be strong evidence that there will be no second recession or depression in the USA. Real estate is also a good buy and corporations have the cash to invest in property and capital equipment now.

We also expect Europe to calm down if Greece bites the bullet now or is decisively ejected from the EU. But in the interim European debt is an overburden keeping the lid on the European markets.

The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to run and hide if Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up and confess to crimes against the state. He has now raised $800 million for his next campaign. But the world is waking up to the Obama Wingnut Barking Socialism that precedes Stalinist gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Wingnut Senate socialists are thrown out along with Wingnut Barking Obama in 2012.

We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=

We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
On Friday following the Obama speech not only did the American markets decline German stocks fell -4% and the French market fell -3.6%. Obama is plain bad news.

Asian Stocks were up last night. China up 0.6%, Hong Kong up 0.1%, India up 1.5%, and Japan down –1.1%.

European markets are up today on average about +1.5% half way through their day. Italy is down now.
.
American markets futures are up about 1% at 8AM EST.

Corporate cash can also be used to buy real estate, capital equipment, corporate stock or to fund mergers when it is clear there will be no double dip recession. Remember if the money multiplier effect is 20:1(the new invested money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market.