June 13 The Obama administration is dissolving under inept leadership. America is rapidly becoming irrelevant in the world Terrorists will soon have more power than America under Obama. Obama should resign. There is virtually no one in Washington that could do any worse.

June 10 Fear of a growing world wide depression has driven up the demand for even Portugal’s government bonds as 10-year yields fall to the lowest level since 2005 because Portugal’s government bonds are deemed to be safer than corporation stocks and bonds. England has pushed their Fed interest rates into negative territory. American rates are not negative only because American inflation is still slightly positive.
A medical doctor explains why Americans should support Obama’s socialized medicine at:
https://www.youtube.com/watch?v=mZbFrAAV3-o&feature=youtu.be
While most secretaries of state point to treaties and negotiated settlements as signature achievements, Clinton’s book says she created new American jobs as the nation’s Secretary of State. While she ignored the pleas of Americans in Libya, "She could certainly go to a Caterpillar plant or a Boeing plant or even small companies and say ‘I used the power and influence of the secretary of state and of the State Department and of our embassies to enhance business opportunities for this company and for the workers of this company.’" The example she offers in the book is lobbying President Abdelaziz Bouteflika of bankrupt Algeria to accept American guaranteed loans on behalf of GE, to pay for a $2.5 billion GE contract to help build six natural gas plants in the Northern African nation to compete with American energy companies. So she gave Algeria $2.5 billion in American taxpayer money to take jobs away from the America’s energy industry but gave GE’s international operations a boost in foreign jobs overseas? That somehow makes political sense to Clinton advisors.
http://www.bloomberg.com/news/2014-06-09/clinton-book-hints-at-campaign-message-jobs-from-abroad.html
World Economy
June 13 International stocks fell again on higher volume.
China now has no money down housing loans similar to the Frank-Obama Liar Loans before the American banking collapse.
June 10
"If we habitually reject risk, then we’ll run our society into the grave," said Karl-Ludwig Kley, the chief executive officer of the world’s oldest pharmaceutical company Merck in Frankfurt. Fracking restrictions are a setback for executives, who say policymakers bow too easily to concerns of the powerful Green Party in Europe that claims all new technologies harm the environment. Germany once a great world power has been missing out on industries worth more than $200 billion globally, or about 6 percent of its gross domestic product, including both carbon free nuclear power and low carbon, hydrogen rich gas from fracking. Executives argue cave-man thinking hampers the competitiveness of the nation that discovered nuclear fission and has been led by physicist, Angela Merkel. With Green Party thinking cavemen would have banned the use of fire.
The European FTSE is at the highs of 2000 and 2007 but MSNBC/PRAVDA is still saying buy-by-by.
http://finance.yahoo.com/q/bc?s=%5EFTSE+Basic+Chart&t=my
If you look at Germany where the people have perhaps the strongest work ethic in the world, their stock market has topped out too but their trend is upward only because the dollar is continually weakening.
http://finance.yahoo.com/q/bc?s=%5EGDAXI+Basic+Chart&t=my
The French market is about 60% of what it was fourteen years ago. At it most recent highs it is still is still down 50% from 2008 and down 60% from 2000.
http://in.finance.yahoo.com/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=
Japan’s stock market appears to have topped and begun a new decline. It has declined since 1990 when it began Quantitative Easing because their Yen is dropping faster than the dollar.
http://in.finance.yahoo.com/q/bc?s=%5EN225&t=my
The Swiss market still indicates stagnation since 2007. It has hit the highs of 2003 but could not make it to the highs of 2007. Obama has destroyed Swiss banking by attacking Swiss confidentiality that had protected people from the Hitlers and Stalins of the past.
http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=
American Economy
Jun 10
Wholesale Inventories Apr 1.1% flat 1.1% -
JOLTS - Job Openings Apr 4.455M improved from 4.014M ++
Jun 11
MBA Mortgage Index 06/07 +10.3% improved from -3.1% +++
Treasury Budget May -$130.0B still NG -$138.7B -
Jun 12
Initial Claims 06/07 317K worse from 312K -
Continuing Claims 05/31 2614K worse from 2603K --
Retail Sales May 0.3% 1up from 0.1% +
Retail Sales ex-auto May 0.1% down from 0.4% --
Export Prices ex-ag. May 0.1% Up from -1.4% ---
Import Prices ex-oil May 0.0% flat 0.0% ++
Business Inventories Apr 0.6% up from 0.4% -
The Markets
June 13 The terrorists, socialists and other lunatics have been let loose on the world by the inept Obama administration.  Economic chaos is at the door.
June 10 The stock market continues in the stratosphere on virtually non-existing buying but historically low hedging. In the past hedging was a safety net for the market because it balanced the long and short side. It allowed funds to profit in a balanced manner by selling the weak stocks in an industry short while buying the strong companies in the same industry. Now the market is unbalanced. The funds are afraid to short and have all piled into the stock market on the long side. This time there are no short sellers who will support the market and buy stocks to cover their shorts when the market drops. That means the market could easily drop 20% in one day as it did in 1989 as it did when everyone was long already and could only get out by selling. If the market was balanced the short sellers taking their profits would raise money to buy back into the low market. Now the volume of activity is thin and there is no safety net of shorts covering and making profits. That means when the market drops virtually everyone will be wiped out and virtually no one will balance them out with profits.
At the same time global interest rates will spike up and bonds will collapse. It makes absolutely no sense that the interest rates on government bonds in Portugal and Spain are lower than for American bonds. That could be partially due to American Quantitative easing being phased out causing less demand for American bonds but it makes no sense to value Portugal’s bonds as safer.
World trade is now down 59% for the year to date and near a 15 year low. It is down 83% since 2007. Look at the last 1+ years of world trade! Use the graph or snapshot option. Unfortunately they do not show back to 2008 when world trade was more than five times higher than it is today.
http://www.bloomberg.com/quote/BDIY:IND/chart
Look at the volatility index and you see that the market could fall much faster. This market has little volume or volatility. So when volume picks up past history says the market will plunge. This is not a good moment in time for holding equities.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=
World market updates:
http://finance.yahoo.com/intlindices?e=europe
http://finance.yahoo.com/intlindices?e=asia http://in.finance.yahoo.com/intlindices?e=asia