Monday, March 12, 2012

Ending Obama’s War: . “… the people of Afghanistan will see it for what it was -- a wanton massacre of innocent civilians.”

Cortright, the author of “Ending Obama’s War: Responsible Military Withdrawal from Afghanistan,” said in an e-mailed statement. “… the people of Afghanistan will see it for what it was -- a wanton massacre of innocent civilians.”

Under Obama moronic and racist leadership
* U.S. Tax revenue: $2,170,000,000,000
* Obama’s Fed budget: $3,820,000,000,000
* Obama’s debt: $ 1,650,000,000,000
* Obama’s National debt: $14,271,000,000,000
* Obama’s recent budget cuts: $ 38,500,000,000

Let's now remove 8 zeros and pretend it's one of Obama’s friends who got a liar-loan to buy a home and wants an Obama racist bail out..:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385
Got It ????? He wants a race-based bailout of over $100,000.

OK now Lesson # 2: Here's another way to look at the Obama debt run-up:
Let's say, You come home from work & find there's a sewer backup in your neighborhood...& your basement is half full of raw sewage. What do you think you should do ...... Watch it rise up and come out the windows, or pump out the sewage? Your choice is coming Nov. 2012

The U.S. Senate rejected a Republican plan to fast-track TransCanada Corp oil pipeline, siding with President Barack Obama. Americans have to sweep the socialist Obama morons out of the US Senate too.

Obama morons will try to keep oil prices low until this November by putting price controls into effect before elections. Price controls eventually cause shortages. That is why with the USSR socialist morons there was no food on the shelves before they collapsed.

Obama leftist morons are destroying America by refusing to allow expansion of hydrocarbon infrastructure. The Obama morons stopped the pipeline from Canada and now Obama will not allow the natural gas pipelines needed to distribute the abundant clean American natural gas. BHP Billion Ltd.’s $20 billion foray into U.S. shale gas has been hit by a decade-low plunge in prices, raising the specter the company could go bankrupt. They cannot get the gas pipelines to the customers. ObamaUSSR policies will lead to energy shortages in America. Americans must throw the leftist morons out of office in November to save America. http://www.bloomberg.com/news/2012-03-08/bhp-stirs-memory-of-alcan-writedowns-as-shale-gas-sours-energy.html

Leftists boycott Rush- and these companies admit they are in the socialist’s camp. (Quicken Loans, GE, Citrix, Carbonite, Allstate, Tax Resolution, Legal Zoom, Sleep Number, ProFlowers, AOL Inc and, Sleep Train) They all support Obamamorons and desert Rush Limbaugh because he opposes Americans being forced to pay for leftist Obamacontraceptives, Obamamarihuana, Obamamassages and Obamaprescription sex all under Obamamalaise- his destruction of the American economy.

Obama said servicers will review thousands of foreclosures on properties whose homes were foreclosed automatically and the amount of lost equity plus interest plus $116,785 will be paid by US taxpayers. All automatic foreclosures happen to be Obama-liar-loans given to racist Obama’s chosen peoples, no-questions-asked. Obama racists can no longer say they are not racists because they have no power. Obama has power now and he and his moron appointees have power and are behaving like racists robing the powerless taxpayers.

Here is how the Obama Communists spread their ideas today.
http://home.igc.org/~venceremos/whynotdi.htm

World markets
China said they just suffered their worst trade deficit ever.

Following heavy rains, a section of an unopened high-speed railway collapsed in central China’s Hubei province. Safety concerns continue since the fatal crash last year.

Germany broke through the resistance levels but is losing steam.
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 are hitting a limit now with a head and shoulder sell signal. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets topping. It is now beginning to look like a head and shoulder sell signal coming soon.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Obama shovel ready economic data manipulation comes with the latest job pitch. Obama economic progress is a very simple manipulation of data. If you look back at the data you find that Obama improves the economy today by quietly and continually revising the economy downward after it is announced. So when Obama quietly drops last months production by 2.9% right after he already announced it was only down 2.6% that 0.3% production cut will make the following month look 0.3% better. Bloomberg reported that Thursday. German production (GRIPIMOM) rose 1.6 percent from December, when in December it fell 2.6 percent, the steepest decline in almost three years, the Economy Ministry in Berlin said today. So he followed Obamacorruption techniques and revised December output down another 0.3% from an initially reported drop making the December level 2.9% lower. That improved January to 1.1 percent. It is the same technique the USSR used. Obama optimistically lies today making things look better than they are and he revises it tomorrow when nobody cares and makes the number more truthful and poorer.
http://www.bloomberg.com/news/2012-03-08/german-industrial-output-rises-more-than-forecast.html

Last week
Factory Orders Jan -1.0% sharply down from 1.1% last month merits a D+ see http://biz.yahoo.com/c/terms/facord.html
Obama statistics are inconsistent with what he reported last month. Obama speeches and statistics are shovel ready. ISM Services Feb 57.3 up from 56.8 in Jan but he reported ISM Index Jan 54.1 up from 53.9 in Dec. The January numbers should be the same but the differ more than the month-to-month change.
MBA Mortgage Index 03/03 -1.2% down four times as much as last months -0.3%
ADP Employment Change Feb 216K vs. 170K still well below the 600K needed
Productivity-Rev. Q4 0.9% slight improvement vs. 0.7% see http://biz.yahoo.com/c/terms/prod.html
Unit Labor Costs - Rev Q4 2.8% more than doubled 1.2% labor cost now increasing at 2.8% X 4=11.2%/yr
Crude Inventories 03/03 0.832M very low supply 4.160M
Consumer Credit Jan - $17.8B down slightly from December’s $19.3B merits a D- see: http://biz.yahoo.com/c/terms/credit.html
Challenger Job Cuts Feb 2.0% declined from 38.9% fewer jobs created
Initial Claims 03/03 362K up from 351K
Continuing Claims 02/25 3416K also up from 3402K
Nonfarm Payrolls Feb 227K declined from 243K This is very important and it is not good
Nonfarm Private Payrolls Feb 233K down from 257K This is very important and it is not good
Unemployment Rate Feb 8.3%same as last weeks 8.3% - Does not reflect people who are leaving the work force and going on to welfare and food stamps
Hourly Earnings Feb 0.1% stagnated from 0.2%
Average Workweek Feb 34.5 not improving 34.5
Trade Balance Jan -$52.6B got 8% worse from -$48.8B
Wholesale Inventories Jan 0.4% still increasing 1.0%

Today
Mar 12 2:00 PM Treasury Budget Feb
This Week
Mar 13 8:30 AM Retail Sales Feb
Mar 13 8:30 AM Retail Sales ex-auto Feb
Mar 13 10:00 AM Business Inventories Jan
Mar 13 2:15 PM FOMC Rate Decision Mar
Mar 14 7:00 AM MBA Mortgage Index 03/10
Mar 14 8:30 AM Current Account Balance Q4 -
Mar 14 8:30 AM Export Prices ex-ag. Feb
Mar 14 8:30 AM Import Prices ex-oil Feb
Mar 14 10:30 AM Crude Inventories 03/10
Mar 15 8:30 AM Initial Claims 03/10
Mar 15 8:30 AM Continuing Claims 03/03
Mar 15 8:30 AM Empire Manufacturing Mar
Mar 15 8:30 AM PPI Feb
Mar 15 8:30 AM Core PPI Feb
Mar 15 9:00 AM Net Long-Term TIC Flows Jan
Mar 15 10:00 AM Philadelphia Fed Mar
Mar 16 8:30 AM CPI Feb
Mar 16 8:30 AM Core CPI Feb
Mar 16 9:15 AM Industrial Production Feb
Mar 16 9:15 AM Capacity Utilization Feb
Mar 16 9:55 AM Mich Sentiment Mar

Market outlook March 12, 2012
Again the exchange volume was low as the markets rose Friday showing increased caution.

DOW rails still do not confirm the recent DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market is at a precipice of negative economic data after a full month of Obama shovel ready financial statistics. Look up ISM last month and compare with what Obama used this month. There is no relationship; Obama makes up the numbers on the fly.

Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors might be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND

The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Baltic Dry Index is creeping up very slowly
http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian Stock markets were up last night. China up 0.2%, Hong Kong up 0.2%, India 0%, Taiwan down –1.1% and Japan down -0.4%.

European markets are mixed today in a range 0.2% to -0.7% half way through their day with Greece and outlier.

American market futures are down about -0.2% in after hour trading at 8:30 AM EST.

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