We predict a sharp rise in home sales is stating now. This will be strong evidence that there will be no second recession or depression in the USA.

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. Corporate cash hoards will provide needed liquidity as Obama gangsters now disrupt American banking and Obama stupidity costs America hundreds of thousands of additional jobs going to overseas bank branches where they are not persecuted.

Massachusetts Governor Mitt Romney took aim at Perry’s characterization of the Social Security as a “Ponzi scheme,” a stance some pinhead liberals say could undercut Perry’s chances in a general election against President Bark Obama. A Ponzi scheme is where current investors are paid with the money put in by the new investors.
Duh?
Isn’t that just what Social Security does? SS already spent every cent we put in the year we put it in. What is it about Ponzi Schemes that pinhead liberals and Mitt Romney do not understand? If we could invest our own money wouldn’t we avoid SS because it siphons off assets for redistribution instead of investing what we put in? And therefore doesn’t SS take money from young workers to make the retired folks think it is still solvent? How is that different from a Ponzi scheme? SS doesn’t make money for retires it is a net taker of retiree’s money to support the socialist voting block’s welfare handouts (vote buying).

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.

World markets
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 German market has become the weakest in recent weeks as they have underwritten much of the socialist debtor EU nations. Germany could swing very conservative if Greece and other socialist union controlled countries do not hunker down quickly. Germany recovered some of the early losses and only down about 0.4 % at the moment today.

The French market weakens as French banks hold considerable Greek debt. But France is doing OK today.

Check your prospectus and avoid investment advisors who select funds with EU and other third world debt.

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 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 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%

This Week
Sep 13 8:30 AM Export Prices ex-ag. Aug
Sep 13 8:30 AM Import Prices ex-oil Aug
Sep 13 2:00 PM Treasury Budget Aug

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 13 2011
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 once 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. But the world is waking up to the Obama Wingnut Barking Socialism that precedes the 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 after 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 flat last night. China down –1.1%, Hong Kong closed, India down –0.2%, and Japan up 1%.

European markets are up today on average about +0.8% half way through their day.
.
American markets futures are down about –0.4% at 7:30 AM 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. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupt banking and costs America hundreds of thousands of jobs. Obama is just stupid enough to destroy the cash position with his harassment tactics. Obama stupidly cause businesses to cover themselves for Obama threats rather than spend for creating jobs. Never underestimate Obama’s stupidity. That is why we say this is not the time for investors who worry a lot and could get ulcers.

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.