An Obama counterfactual is a statement such as, “If comrade Obama had half a brain he would not blame others for his problems.” Another is, “Even though comrade Obama has done a terrible job with half a brain, it could have been much worse if he had a whole brain.” “ And finally… an Obama counterfactual is just another stupid socialist statement that has no basis in fact such as Stalin’s reported USSR potato production and Stalin’s attack on the bougeouse decadence and his rejection of Mendelian genetics. Most of comrade Obama’s purported successes are fraudulent counterfactuals, stupid, or both (see Stalin and Lysenko below for infamous Soviet counterfactual fraud that lasted until the 1960’s).
http://en.wikipedia.org/wiki/Trofim_Lysenko
A VIP mortgage program previously run by now-defunct Countrywide Financial Corp was used to influence democrat lawmakers including Banking Commission Senators Dodd and Barney Frank for the Senator’s killing exposure of the company's fraudulent liar loans. When the liars could not meet their mortgage payments, Countrywide Financial Corp simply extended them loans to meet their payments. Obama and Eric Holder still require liar loans be given as proof that realtors and banks are not discriminating against their indigent Obama-Holder constituency. Is Obama stupid or what? And Obama still can’t figure out why the American real estate industry is crippled?
Wisdom: “During a depression the most important thing is to have a job where they really need you. Do not put off getting that job. The only government workers Obama plans to lay off are America’s warriors.” With Obama, America eventually won’t even have an army big enough to defend itself. Instead Obama said four years ago he wants a personal domestic army guard reporting to himself for himself. He already reportedly has the CIA using spy drones in America. The CIA during previous administrations was not allowed to spy on Americans in America. He is also reported to be hiring tens of thousands of IRS agents to spy on Americans for his Obamascare. Internal spying is how Obama intends to have a population he can control. It is George Orwell’s “1984” novel in the making.
The market is poised now to quickly drop as much as 10% as American and world business stagnates with trickle-up socialist welfare. There could even be a massive panic sell-off. Examine the last 5 years of the NYSE. Obama could easily be taking America into a profoundly deep bear market and an economic depression. He already said America was in a depression when he was running for office the last time. No American presidential candidate ever in the history of America was previously stupid enough to actually say such a thing for political gain. China’s panic announcement of their relaxation of credit Thursday means the banking problem is getting out of control and they have lost their capacity to stimulate their economy too. It means China has joined Europe and Obama and is only pushing on a stimulation string. That has never worked. America and the world is running out of time with Obama.
As the United States turns 236, relatively few people believe Obama socialization will sustain America four more years much less another 236 years. Obama’s socialist America will cease to be a place capable of sustaining 300 million people in comfort, stability or peace. Obama’s socialist America will be the image of Indonesia and Nigeria the homelands that Obama claims taught him everything he knows.
Microsoft disclosed plans to take a $6.2 billion charge tied to its unsuccessful 2007 acquisition of aQuantive and the warned of slower-than-expected growth in the quarter ahead.
Boeing Co. said growth in industry deliveries will slow to less than a fifth of the rate predicted in 2011over the next 20 years as demand for jumbo jets and freighters wanes.
In March 2012, the Apple Company announced its plans to initiate a quarterly dividend of $2.65 (today about 1.1% per year) per share of common stock beginning in the fourth quarter of 2012, subject to declaration by its Board of Directors. The Company further announced that the Board of Directors has authorized a program to repurchase up to $10 billion of the Company's common stock, commencing in 2013. Since Apple has 13,331,000,000 outstanding shares… $10 billion is worth a whopping $0.7 per share. But Apple is poised to easily lose $100 per share in face value when the disappointing quarterly earnings is reported vs. the record profits Steve Jobs reported last July before he passed away.
Unlike Obama, Republican Mitt Romney demonstrates his support of Israel and Christians and plans to meet soon with Israeli Prime Minister Benjamin Netanyahu. Obama is out courting gays, Islamists, and illegal immigrants this week. Obama wants Catholic Hospitals to offer abortions and contraceptives or he intends to shut them down.
Seventy % of American doctors are reported to be against Obamascare even though the AMA supported it. Why do organizations support idiot socialist pseudo-science? All intelligent scientists believe global warming is a natural phenomenon of the glacial cycle not a man-made phenomena. Yet most science organizations support the idiot leftists because they cannot get research grants from the government unless they say they agree with the stupid leftists. That is how big socialist governments destroy science as well as their economies. Again, read about Trofim Lysenko and Stalin who were still firing, imprisoning, and killing their most intelligent USSR scientists just 80 years ago
http://en.wikipedia.org/wiki/Trofim_Lysenko
Mitt Romney still has 47% of the vote, while President Obama gets 44%.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
New Jersey Governor Christie’s federal tax-cut proposal Thursday would rein in federal spending and that is needed because socialist bureaucrats do not understand how an economy should function and cannot be trusted with the American taxpayer’s money.
The traditional family has a free enterprise corporate structure. There is the chairman who works with the outside and is in charge of maintaining income. There is the CEO who runs the family and manages the dependents. When the employees are capable and want to start their own family enterprise they become new family entrepreneurs. The corporate structure is seldom a democracy but every opinion is valued. And while children may sometimes be dependent for life it is usually the sign of an underlying problem and requires the compassion of the heads of the family to care for those who physically cannot work.
The socialist family structure in the USSR and East Germany best reflected the socialist economic system. The parents under socialism follow the government and execute the orders of the government. The children were required to spy on and report any of their parent’s deviations from the party line to the USSR KGB or German Stazi. The same was true of Hitler’s National Socialism where the Gestapo performed functions of domestic spying agencies like the KGB, the Stazi. Obama’s Attorney General with “Fast and Furious” and now “domestic spy drones” has Obama’s executive decision authorization to assassinate terrorist Americans without a jury trial. So far the only Americans that have been executed by Obama without trials were outside the USA. But Obama and Holder demand that Moslem terrorists (like the one who cut off the journalist’s head)… live in Obama’s welfare system at Guantanamo Bay. Remember Holder wanted to free the butcher and said pouring water on his face while the butcher held his breath for ten seconds constituted torture and the terrorist would be freed. Top Obama Administration Officials met with another Islamic Terrorist in D.C. as recently as June 22, 2012.
http://www.youtube.com/watch?v=0yvSl0B1Nng
World market this week
Three global central banks took action in a sign of alarm concerning the faltering world economy. Europe and Asia have joined the American Fed and have run out of economic stimulation policies that work. So once again they are cutting interest rates and increasing bond buying as another round of useless international economic string pushing gathers pace. The problem is FDR showed that you cannot spend your way out of a depression you can only spend your way into one. The Euro plummeted today below $1.24. The European Central Bank’s step into the world of zero interest rates is fueling speculation it may eventually be forced to follow the Federal Reserve and the Bank of England with large-scale asset purchases.
Egypt’s socialist Christian killing Moslem Brotherhood is yet another great victory for Obama’s “New Socialist world.”
The Fukushima nuclear disaster was the result of a mix of “stupid socialist-made” factors including socialist government safety regulators who failed to function and a government lacking commitment to protect the public, said a report from an independent Japanese investigation.
The U.K. economy threw 122 billion pounds into green energy last year, accounting for about 8 percent of gross domestic waste and fraud… the Confederation of British Industry said in a report Tuesday.
Nouriel Roubini, the New York University professor who predicted the 2008 financial crisis, talks about the European recession becoming a depression.
http://www.facebook.com/BloombergTelevision/posts/248893011893001
Todd Schoenberger, managing principal at BlackBay Group, discussed the European debt crisis and investment strategy.
http://www.bloomberg.com/video/93845997-europe-will-see-deep-depression-schoenberger-says.html
The nation of Italy = Colgate Palmolive Inc. in economic value.
Portugal’s entire financial sector = Whole foods Inc. in economic value.
Greece = TripAdvisor Inc in economic value
Great Britain announced they will no longer have an army but a defense force reduced to 83,000 regulars.
Irish to begin borrowing more as Spain Yields rise again.
The jobless rate in the 17-nation euro area rose to 11.1 percent in May the highest on record as a deepening economic slump and budget cuts prompted companies from Spain to Italy to reduce their workforces.
Japan’s industrial output fell 3.1 percent in May, the most since the March 2011 earthquake and tsunami as weakness in European demand limited automobile output.
Chinese manufacturing indexes slipped to seven-month lows Monday as overseas orders dropped, and South Korea cut its estimate for exports this year. Alert!! China has not confirmed a bottom. This week, the last three-month cycle posted a lower low point after the market failed to hit a new high in May and could test January lows. See:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets falter.
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
Germany faltering and 7% below the recent high but 20% higher than last year’s low: 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 Markets are becoming undecided.
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
The world crisis will continue as long as a socialist/communist is the president of the USA and believes his socialist objectives depend on his pro-active destabilization and exploitation of American economic and other crisis such as gun running to drug lords. The Justice Department will not prosecute Eric Holder or Obama for the Fast and Furious murder of an American Border guard with one of Obama's illegal guns. Obama planned to use Fast and Furious to justify disarming Americans and thus to make communist totalitarianism possible.
American Economy
Past week
Generally the USA economic indicators were poor the last two weeks.
ISM Index Jun 49.7 51.5 manufacturing index declined 4% from 53.5
Construction Spending May 0.9% up from 0.6%
Factory Orders May 0.7% recovers what it lost in April and therefore exactly where it was in February. But it is being spun like an Obama recovery under way. Obama’s improvements are nothing but the reversals that his socialist policies encounter.
Yesterday
Challenger Job Cuts Jun -9.5% down from 66.7%
ADP Employment Change Jun 179K vs. 136K last month
Initial Claims 06/30 374K vs. 388K last month
Continuing Claims 06/23 3306K up from 3296K last month
Today
Jul 6 8:30 AM Nonfarm Payrolls Jun
Jul 6 8:30 AM Nonfarm Private Payrolls Jun
Jul 6 8:30 AM Unemployment Rate Jun
Jul 6 8:30 AM Hourly Earnings Jun
Jul 6 8:30 AM Average Workweek Jun
Market outlook July 6, 2012
The markets are now following their trendlines (which are bearish). They did not break out yesterday and that is bearish. They need to rise more than 4% to become bullish. A sharp 4% decline would now test the lows. A sharp 4% advance would test the upper trading range. Caution is advised, as it could set up a bull or bear trap.
Examine the last 5 years of the NYSE. Obama could easily be taking America into a profoundly deep bear market.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=5y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
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;
Obama is so inept; a deep depression can only be prevented if he is ejected, not elected. But Chief Justice John Roberts has assured that every stupid and lazy American will rally to re-elect Obama now because he provides the welfare for people who refuse to work for $10 or $15 per hour. The sell signal is seen in 3-month market cyclic data.
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 is again complacent and extremely dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
The Baltic Dry Index is already anemic and couldn’t get much worse.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were mixed last night. China up 1%, Hong Kong unchanged, Taiwan down –0.4%, S.Korea down –0.9%, Japan down –0.7%.
European markets were down half way through their day in a range of -0.1% to –0.6%
American market futures are down at about -0.2% in after hour trading at 7:30AM EST.
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