There will not be many real jobs created until Obama resigns or is voted out of office. If Obama cared about America he would resign.

There will not be many real jobs created until Obama resigns or is voted out of office. If Obama cared about America he would resign. He is like a bumbling Igor specter hovering over America business. Igor for those who do not know was the menacing ignorant, spastic, and grunting assistant to Frankenstein.

Washington government bureaucrat pay, insurance and pensions are the first entitlements that need to be cut. Do it now, 25% across the board. They are the cause of our deficit and yet do not have a clue about the pain they are causing throughout America.

Remember that we had no signs of a recession until idiot Senator Obama became the first American ever in American history to open his big mouth during his campaign and say his opponent (President Bush) was causing an economic depression. Never before did an elected American make such an irresponsible and stupid remark.

Intelligent responsible Americans always knew the “D” word is taboo in America because it causes fear. FDR said, “The only thing we have to fear is fear itself” and stupid Obama was the first American to deliberately use the word “depression” to cause fear. Not long after that, idiot Senator Dodd said there was going to be a run on a California bank and his contemptible fear mongering act from the Senate Banking Committee caused the run on a bank within a few days. Gradually the Dodd-Frank liar loans destroyed the housing industry and the liar-loan derivatives caused the Lehman Brothers collapse. And yes, idiot Obama with his fear mongering big mouth gets the credit for the Obama economic malaise we will have until we vote Obama and his ilk out in 2012.

Solyndra isn't the only business to go belly up after benefiting from a piece of the $800 billion failed economic stimulus package passed in 2009. At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy. In most cases Obama stimulation is nothing more than welfare and payback to his campaign contributors.

World markets
Greece should be ejected from the EU and replaced by the Czech Republic or another East European nation.
The USA banks have to pull investments out of Greece, Spain, Iceland, and Italy until they cut government spending. Let China throw their money away instead.

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

Has Germany bottomed yet? 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 rise. 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-
The week
MBA Mortgage listing Index 09/03 -4.9% up considerably from last month’s -9.6% i.e. This is the first of the good news we predicted starting for housing.
Export Prices ex-ag. Aug up 0.3% vs last months up 0.5% showing inflation moderating to target level.
Import Prices ex-oil Aug up 0.2% vs last months up 0.4% showing inflation moderating to target level.
Treasury Budget Aug -$134.2B vs -$90.5B last month showing Obama deficit spending effect.
MBA Mortgage Purchase Index 09/10 up +6.3% after being down -4.9% last month. Great news again for housing.
ProducerPriceIndex in Aug did not change 0.0% which is deflationary below the target of 0.2% hit last month.
Core PPI Aug was up 0.1% after being up 0.4% last month. That is very low inflation
Retail Sales Aug 0.0% change after improving 0.5% last month. Slow…hurricane
Retail Sales ex-auto Aug up 0.1% after also being up 0.5% last month. Slow…hurricane
Business Inventories Jul up 0.4% which is not good after being up 0.3% last month
Crude Inventories 09/10 dropped -6.7M which means prices will rise after being down -3.963M last month

Yesterday
Initial Claims 09/10 rose to 428K from 414K slightly worse
Continuing Claims 09/03 rose to 3726K from 3717K
CPI Aug dropped to 0.4% from 0.5%
Core CPI Aug remained constant at 0.2%
Empire Manufacturing Sep dropped slightly to -8.8 from -7.7
Current Account Balance Q2 deficit increased by -$118.0B vs. -$119.3 last month
Industrial Production Aug increased 0.2% down from 0.9% last month. A 2.4% annual rate
Capacity Utilization Aug 77.4% down from 77.5% due to lower production
Philadelphia Fed Sep -17.5 a big improvement from last months -30.7

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

Market Outlook September 15 2011

US stocks rose for a fourth day as net short sellers began to slowly panic. Bulk trade seems to have bottomed and is finally improving.

The sooner mortgage defaults are cleared the sooner credit ratings will be re-established. We predicted a sharp rise in home sales is stating and the MBA Mortgage Purchase Index just rose Wednesday by 6.3% breaking its downward trend. We predict business will now begin to use their “war chest” to buy assets that have fallen so far in value due to Obama’s seemingly unlimited ability to destroy everything he touches with his fear mongering and contempt for the American Constitution and the American people. Americans are absolutely sick of Obama’s incessant apologizing to the world for American exceptionalism.

The only thing stopping this emerging economic boom is negative barking Obama and his rules and Obamacrap. When he takes his $Billion campaign war chest and moves it to a bank in Nigeria we will know the worldwide Obama malaise is behind us.

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=

So far the trading range of equities has not even tested the resistance levels. 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=

Bulk shipments finally seem to be getting ready to break out. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:

Asian Stocks were up again last night. China up 0.1%, Hong Kong up 1.4%, India up 0.3%, Taiwan up 2.6%, and Japan up 2.3%.

Main European markets are up broadly today +0.5% to +1.9% half way through their day.
.
American markets futures are down about +0.3% at 8AM EST.

Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Obama is just stupid enough to try to destroy the corporate cash position with his harassment tactics. Obama stupidly causes businesses to have to cover themselves for Obama threats rather than spend for creating jobs. Never underestimate Obama’s stupidity.

Obama is the creator of “job killer rules”. 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. We predict a high unemployment recovery beginning now until the stupid Obama socialists are all voted out of office. When Obama leaves, unemployment will drop and corporations will grow jobs. Right now the Obama socialists are just too stupid to see how their rules and regulations kill jobs everywhere.