They rioted last year and occupied their state capitol destroying public property. Privately employed workers favored Walker 64% to 36% and unionized democrat municipal loafers voted against Walker by about the same amount. The Wisconsin union loafers had gotten away with working just ten years to get state pensions. State union membership dropped 30% during the past year because the Unions can no longer force state workers to join and pay 10% of their salary into the union’s democrat/socialist/fascist slush fund.
Congress will begin an investigation of security leaks by Obama operatives. The post-Osama raid leaks compromised all the information the Navy Seals had risked their lives to obtain. Obama operatives warned the Al Quada command that their locations were known so that America’s enemy could change their hideouts. Obama operatives also leaked the sabotage of the Iranian nuclear program. Even Wikileaks was done by people who Obama operatives encourage to undermine American secrecy and to help socialist tyrants. Holder is the one who freed the murderer who was responsible for the PR Liberation Army murder of a Wells Fargo guard during their robbery in Connecticut when Obama was just another loud mouthed air-head supporter of anti-American radicals.
Where do we invest in an era of Obama-Holder repression? America was not ravaged just by a derivative bubble and an Obama Liar Loan bubble. No, it was ravaged by an Obama-liar-loan-derivative bubble. Liar loans had and still have Obama-Holder approval because Obama-Holder still requires they be given. It was Obama liar loans on steroids that bankrupted little towns as far away as Norway’s fishing villages. The Liar Loans were supposed to make Obama’s people homeowners but instead reduced American home ownership by 3.8%. If realtors refused to give out liar loans, they were labeled racist and could not get Fannie or Freddie backed government agency mortgages. To meet Obama’s racist liar loan quota it was required that realtors take Obama’s folk’s word when Obama derelicts said they could meet the payments. That is correct, Obama considered it to be racist to ask Obama’s derelicts to prove they had an income. Clearly Obama liar loans are racist and against American workers who work in order to afford housing. Now more than 16% of our population are unemployed and many also lost their houses due to Obama’s anti-work-ethic racism against the majority of Americans who wish to be productive and not Obama-Holder racist fascist slackers.
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And since Obama took office Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
Attorney General Eric Holder is now the least-liked Cabinet member, with 47% of voters who share an unfavorable opinion of him. Holder has been at the center of several controversies while in office.
http://www.rasmussenreports.com/public_content
Former Clinton White House adviser Dick Morris admitted Monday, "Bill Clinton does not want Barack Obama to win."
"I’ve spoken to several good friends who are staunch conservatives who have had exchanges with Bill Clinton in private," Morris told Fox News's Sean Hannity, "and at one point one of them quotes him as saying, 'You have six months to save the country'. Bill is throwing Obama under the bus. Obama's whole campaign is based on the slander that Romney is not a venture capitalist but a vulture capitalist. And here Bill Clinton came out and said Romney had a sterling business career and crosses the threshold for qualification to be president, the exact opposite of what Obama is saying. Since then Clinton has been forced to publicly recant or be punished.
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwH6z0C4
http://abcnews.go.com/Politics/OTUS/bill-clinton-criticizes-obamas-bain-attacks-praises-romneys/story?id=16474493
http://thecaucus.blogs.nytimes.com/2012/06/01/bill-clinton-calls-romneys-business-career-sterling/
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwGbmWrT
What is an Obama type community activist? Basically he thinks he is cool but is just an ignorant airhead who hates real jobs and never worked up a sweat in his life. Obama wastes our shrinking investment capital expanding food stamp programs and now has 50% of all Americans (his constituents) on housing allowances.
Before this November we predict that if airhead socialist Obama even seems unstoppable the markets will test last year’s lows. Election of airhead Obama would mean that socialist entitlements will be unstoppable and competent people will see the absolute futility of working at all, much less working hard and will try to find safe haven countries to flee to and to hide their wealth until world socialism collapses again. Collapse of socialism in the West could take 50 to 70 years, another whole generation or two of wandering in the wilderness until the entire generation of socialist-fascists has been buried. That is the solution Ayn Rand’s revealed in “Atlas shrugged” which she learned from experience as a refugee from the USSR.
The first response now of hard working people was to go into cash even though (and because) interest rates are effectively zero. When credit collapses (as it does with socialist liar loans and grants to Obama-Holden indigent and corrupt supporters) cash first becomes king. The socialists will confiscate gold and they have a recorded every legal purchase of bullion coins and jewelry that has been made in America. Only gold purchased in small unregulated republics or illegally will be safe from confiscation. Ultimately many people suspected of illegal hoarding will have their homes looted and if contraband is found they will flee or risk being murdered anonymously as happened in the USSR and fascist countries. This happened in Europe 70 years ago and is why so many Europeans fled to the banana republics of South and Central America.
World market this week
The stock market in Greece is down 90% since early 2008. The prolonged crisis is worsening Greece’s chronic difficulties with legal tax avoidance that has helped wreak havoc on the socialist-fascist’s redistribution of wealth. John Gault is active and the wealth producers in Greece said enough is enough and Atlas has shrugging off the weight of socialist-fascist despotism. Obama is such a raging socialist fool because he does not realize that Atlas cannot be bound in chains. You cannot enslave Atlas. When you try, Atlas just shrugs his shoulders and walks away from the communist and socialist despots.
http://finance.yahoo.com/q/ta?s=GD.AT&t=5y&l=on&z=l&q=l&p=&a=&c=
German bonds weakened and Spanish bonds strengthened with speculation that European policy makers are accelerating measures to guarantee deposits and dampen demand for the safest assets.
Treasury Minister Cristobal Montoro sent out a dramatic distress signal saying that at current interest and withdrawal rates the Spanish banks will have to shut their doors and go into receivership or be sold to foreign investors. The G7 said that is very unfortunate, and Merkle asked what did you expect?
German stocks declined pushing the DAX Index to a five-month low, as a report showed euro-area services and manufacturing contracted in May at the fastest pace in almost three years.
Emerging markets just gave a sell signal long ago and are getting worse.
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Yesterday
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Today
Jun 6 7:00 AM MBA Mortgage Index 06/02 prior -1.3% -
Jun 6 8:30 AM Productivity-Rev. Q1 prior -0.5% -
Jun 6 8:30 AM Unit Labor Costs-Rev prior -2.0% -
Jun 6 10:30 AM Crude Inventories 06/02 prior 2.213M -
This Week
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 6, 2012
The market is oversold and requires a Walker rally. The downside risk for the US stock markets is still about 15%. But since Scott Walker got a vote of confidence, it will be much harder for comrade Obama to survive in November and we could now see a “throw the bum Obama out” stock market rally begin. Bill Clinton told some conservatives that they had only six months left to save our country. The implication is that the Clintons see Obama as a threat to American free enterprise and our individual liberties. Apparently both Bill and Hilary now realize that Obama is a typical ignorant Marxist airhead waiting for his opportunity arrest and butcher his enemies. The Clintons would have to flee for their lives if Obama fascism took hold in America.
The only hope now is if Americans will eject Obama in November. Obama would make his college grades public if he did not know that it would not prove he is the fool people think he is. The NYSE is telling Americans that Obama is a National disaster!
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse.
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 says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapsed again after collapsing 90% already since the Obama-Holder regime was elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China down –0.1%, Hong Kong up 1.4%, Singapore up 1.8%, Japan up 1.8%.
European markets were mixed half way through their day in a range of +0.9% to +1.7%
American market futures are up about 0.9% in after hour trading at 8 AM EST.
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