The real growth rate in the USA decline in the last quarter from 2.1% to just 0.7% clearly another Obama no-brainer. The USA cannot rescue the world until Obama socialism is no longer a threat to the world.

The US Gross Domestic Product declined 66% in real Gross Domestic Product from a 2.1% to a 0.7% annual net growth rate in the latest three months.

Last quarter the GDP improved 3% but inflation was 0.9% so that the real growth was only 2.1%.
In the latest quarter GDP improved 2.2% but inflation was 1.5% so that the real growth was only 0.7%.
That is a 66% decline in real GDP from 2.1% to 0.7% net growth.


Treasuries are headed for their biggest monthly gain since September as slowing U.S. economic growth and concern Europe’s debt crisis is worsening increased demand for the relative safety of U.S. debt.


Al Armendariz, the Dallas-based head of EPA’s Region 6, apologized for saying the agency tried to make an early example of shale gas producers, the same way Romans crucified residents to conquer and enslave. He talked about his “philosophy of enforcement” as follows:

“It was kind of like how the Romans used to conquer little villages in the Mediterranean,” Armendariz said on the video. “They’d go into a little Turkish town somewhere, they’d find the first five guys they saw and they would crucify them. And then you know that town was really easy to manage for the next few years.”


The videotaped remarks from a 2010 meeting in Dish, Texas, led Senator James Inhofe, of Oklahoma to say the comment showed President Barack Obama intended to shut down U.S. gas energy exploration. Tension between Obama and U.S. energy producers has grown in the past year, as he stopped the pipeline from Canada to the U.S. Gulf Coast and pushed to end exploration tax incentives for the industry.

http://dailycaller.com/2012/04/27/youtube-pulls-armendariz-crucify-them-video/


Obama comes up with one no-brainer after another. Wouldn’t it be wonderful if he could come up with just one brainer every four years? The Piggy Buffet minimum tax was a no-brainer. The Dodd Frank combination economic stranglehold and bank straight jacket was another great Obama administration no-brainer.

Apple’s stock price will likely crumble over the next two quarters. Apple had its best quarter last year and this latest great quarter is hype because it comes from analysts not comparing this “product introductory quarter” with the introduction quarter last year. If they did a valid comparison they would see Apple profits peaked last year and their latest product is not doing as well as last year’s new product. The only quarters when apple does well are the ones when a new product is introduced. There is nothing planned the next two quarters. China is also challenging Apple for the use of the name iPad. It seems Apple got the right to use the name from a Taiwan subsidiary and not from the mainland China headquarters. If Apple gave a dividend equal to its total pot of cash it would only be $30/share or 4% and it would all be gone. At current prices any Apple dividend would be too small to matter. Apple has lost its creator for the final time and each time that has happened Apple has plunged 80% or more starting as soon as investors saw the paltry progress they made without Steve Jobs. Steve Jobs can never rescue Apple again!



Samsung just overtook Apple as No. 1 Smartphone Maker in the 1st Quarter

http://business.blogs.cnn.com/2012/04/27/samsung-overtakes-apple-nokia-in-phone-sales/?hpt=hp_mid



Obama claims America failed. Some times he blames his Obama depression on Bush and sometimes he blames it on free enterprise. Obama, is a poor person when it comes to his thinking. He cannot take responsibility for his stupidity. It is always someone else’s fault.

The latest Rasmussen Poll says that a conservative third party candidate would no longer help re-elect Obama. The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows Mitt Romney earning 48% of the vote while President Obama picks up support from 46%. Three percent (3%) would vote for the Conservative party candidate, while another three percent (3%) are undecided.

http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll



Something is wrong with Average Salary of a teacher ................ $40,065

Average Salary of Soldier DEPLOYED IN AFGHANISTAN … $38,000



World market this week

Spain’s GDP contracted -0.3% even ignoring the contraction hidden by inflation. Fear is that Italy will soon join Spain in the crisis of European Socialism.

The real growth rate in the USA decline in the last quarter from 2.1% to just 0.7% clearly another Obama no-brainer. The USA cannot rescue the world until Obama socialism is no longer a threat to the world.

Standard & Poor’s cut Spain’s sovereign debt rating two levels to BBB+ last week from A. Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors.

China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.

http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

Emerging markets are still lower than last year’s high and look like a head and shoulder sell signal.

http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;



American Economy

Microsoft Corp. said it would invest $300 million in a new subsidiary of Barnes & Noble Inc. that combines the bookseller’s Nook digital reader and college businesses.

Last week

GDP-Adv. Q1 2.2% down 0.8%% from 3.0% last quarter

Inflation Q1 1.5% up 0.6% from 0.9% last quarter

Inflation adjusted real growth was only 0.7% down from 2.1% real growth the previous quarter.

Last quarter the GDP improved 3% but inflation was 0.9% so that the real growth was only 2.1%.

In the latest quarter GDP improved 2.2% but inflation was 1.5% so that the real growth was only 0.7%.

That is a 66% decline in real GDP from 2.1% to 0.7% net growth.



Today

Apr 30 8:30 AM Personal Income Mar

Apr 30 8:30 AM Personal Spending Mar

Apr 30 8:30 AM PCE Prices - Core Mar

Apr 30 9:45 AM Chicago PMI Apr



This Week

May 1 10:00 AM ISM Index Apr

May 1 10:00 AM Construction Spending Mar

May 1 2:00 PM Auto Sales Apr

May 1 2:00 PM Truck Sales Apr

May 2 7:00 AM MBA Mortgage Index 04/28

May 2 8:15 AM ADP Employment Change Apr

May 2 10:00 AM Factory Orders Mar - -2.5%

May 2 10:30 AM Crude Inventories 04/28

May 3 7:30 AM Challenger Job Cuts Apr

May 3 8:30 AM Initial Claims 04/28

May 3 8:30 AM Continuing Claims 04/21

May 3 8:30 AM Productivity-Prel Q1

May 3 8:30 AM Unit Labor Costs Q1

May 3 10:00 AM ISM Services Apr-

May 4 8:30 AM Nonfarm Payrolls Apr

May 4 8:30 AM Nonfarm Private Payrolls Apr

May 4 8:30 AM Unemployment Rate Apr

May 4 8:30 AM Hourly Earnings Apr

May 4 8:30 AM Average Workweek Apr




Market outlook April 30, 2012

Cramer said he is afraid that this week investors will sell in May and stay away all summer.

Crazy Cramer talks about the tremendous rise in the stock market this year. That sounds like another Obama no-brainer. If the broad market is doing so well why are we still a few percent below the high of a year ago and a lot below 2007? Why is the broad market still lower today than in 2000?

Cramer also thinks Apple is a buy after just rising 30% while earnings peaked last year. If it is such a good buy, how come Apple had a higher quarter last year when the price was 30% lower. Cramer is having another Obama type no-brainer.

No DOW confirmation still means there is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.

http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#chart1:symbol=^djt;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined



On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=2y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;



The VIX is loosing its predictive power as market manipulators learn how to manipulate it lower. 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 still languishing

http://www.bloomberg.com/quote/BDIY:IND/chart



Stock market update:

Japanese and Mainland Chinese markets were closed for a public holiday Monday,

European markets European stock markets were wobbling today in a range of 0.7% to –0.7% half way through their day.

American market futures are down about -0.1% in after hour trading at 7:30 AM EST.