Obama agrees to enforce the climate hoax in the USA with an agreed outcome in 2015 that has legal force.
UN carbon offsets for the man attributed climate-warming hoax, are headed for a record 25 percent weekly decline because the hoax will die a quiet death when Obama is thrown out of office. The deal struck this week at the UN meeting gives the biggest polluters the ambiguity of three options in 2015, setting the stage for renewed discord between productive and welfare nations who want something for the fact the do nothing. Obama would have to change the US constitution to give the UN power over the US government to legally force the US to comply with UN directives. That is the path India prefers. India, China and the EU later agreed to replace “legal outcome” with “agreed outcome with legal force.”
House Republicans unveiled a $1 trillion budget for hundreds of government programs in a bid to force U.S. lawmakers to wrap up their work for the year.
Republicans aim to put the more than 1,200-page spending measure to a vote tomorrow, a move designed to give them an advantage in a separate battle with Democrats over extending an expiring payroll tax cut.
A short-term bill funding federal agencies expires tomorrow and without action by Congress, the government will partially shut down. House Appropriations Committee Chairman Hal Rogers, a Kentucky Republican, said his colleagues want to pass a spending bill thus increasing pressure on the Democratic-controlled Senate to accept. Democrats have been holding up the legislation on concerns that approval would ensure the House recess, forcing them to accept the first real budget since Obama took office and began governing using executive decrees.
The real problem with Obama is he is that he is creating a voting majority with no skin in the financing of America. And then you end up with a welfare state like Greece or worse yet a communist regime like Obama’s best friend, President Hugo Chavez has.
Socialists say the problem is between the rich and the poor. Most Americans now know the problem is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing.
World markets
Gold is down about 20% now from its highs and is testing lows getting ready for a downside breakout. Gold broke the closing low of this past September. World recession and depression always makes cash king and gold holders paupers especially when people use charge cards and no one has free cash in their mattresses anymore. Instead gold sellers all have their swimming pools full of gold like Obama wants to have with his $1billion shakedown for his election.
http://www.tfc-charts.w2d.com/chart/ZG/C0
Silver is also testing lows. If silver breaks below $30 or gold breaks 1600 we expect both gold and silver will be in free-fall at that point.
http://www.tfc-charts.w2d.com/chart/SV_/C0
Putin election fraud causes ruble to extend its worst losing streak in three year.
China’s stock market now appears to be breaking down more than 5% below the lows of July 2010. That means the tide that carries all ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government driving them off of traditional farmlands.
India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against India’s highest inflation of the BRIC nations.
Production at factories, utilities and mines fell 5.1 percent from a year earlier in October.
Brazil cut their 2012 economic forecast for the benchmark interest rate for the second straight week on expectations of slower growth in the wake of the EU’s worsening debt crisis.
World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
The US economy may not dip as Americans increasingly hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system.
So far this week
The good
Treasury Budget Nov -$137 down from -$150.4 last month, -good
Export Prices ex-ag. Nov -0.1% not dropping as much -1.5% still good
Import Prices ex-oil Nov -0.2% stll dropping -0.2% still ok
Crude Inventories 12/10 -1.932M dropped from 1.336M but prices are falling anyway- good
The bad
Retail Sales Nov 0.2% down from October’s 0.5% -bad
Retail Sales ex-auto Nov 0.2% down from October’s 0.6% -bad
Business Inventories Oct 0.8% surged up from October’s 0.0% -bad
MBA Mortgage Index 12/10 4.1% down from 12.8% seasonal but not good
Today
Dec 15 8:30 AM Initial Claims 12/10
Dec 15 8:30 AM Continuing Claims 12/03
Dec 15 8:30 AM PPI Nov
Dec 15 8:30 AM Core PPI Nov
Dec 15 8:30 AM Empire Manufacturing Dec
Dec 15 8:30 AM Current Account Balance Q3
Dec 15 9:00 AM Net Long-Term TIC Flows Oct
Dec 15 9:15 AM Industrial Production Nov
Dec 15 9:15 AM Capacity Utilization Nov
Dec 15 10:00 AM Philadelphia Fed Dec
This Week
Dec 16 8:30 AM CPI Nov
Dec 16 8:30 AM Core CPI Nov
Market outlook December 15, 2011
American stocks fell again but still have not broken lows. Shareholders may get out of the stock market before January if a rally does not break current upper resistance levels soon.
Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office or even later if he is re-elected.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better.
http://www.martincapital.com/index.php?page=graph&view=unemployment
Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down again last night. China down –1.2%, Hong Kong down –2.1%, India down –0.3%, S. Korea down –2.1% and Japan down –1.7%.
European markets are mixed today in a range +1% to –1.7% half way through their day.
American market futures are up about 0.4% at 7:00 AM EST. It is an unreliable predictor.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment