Monday, July 14, 2014

Jul 18 Originally Putin gave the Russian terrorists in Ukrainian missiles that could shoot down low flying military aircraft up to 8000 feet above the ground. Then stupid Putin gave them missiles that could shoot down aircraft up to 60000 feet. Russian controlled stupid Ukrainian separatist terrorists shot down a commercial airliner using the Russian anti-aircraft rockets killing 295 adults and three babies. The Russians and their stupid Russian terrorists think they can blame it on the legal Ukrainian government by having Russian agents do the investigation. This is the third airplane the stupid Russian terrorists shot down this way but the last two were Ukrainian aircraft and 50 Ukrainians were killed in one of them. The stupid Russian terrorists first bragged that they shot down another Ukrainian aircraft just before they discovered it was a Malaysian commercial aircraft. Putin is very stupid if he thinks he will cover up his latest mess. He should pull out all his stupid Russian terrorists out of the Ukraine.

Puerto Rico heading toward default and must raise cash by Sept. 30.
 
Twitter reported abruptly slowing user growth and signs of a less-engaged audience, indicating growth has peaked before reaching profitability.
 
Microsoft planning massive job cuts.
American corporations are becoming foreign based companies at record numbers to avoid Obama tax harassment and costly harassing investigations.
 
Jul 15 Bank of America Corp reported a 43 percent drop in second-quarter profit, falling short of Wall Street estimates, as revenue from mortgages fell and government harassment costs continue because the CEO had resisted accepting the Country Wide Barney Obama liar loans in 2008.
 
M. Zukerman said, "There has been a distinctive odor of Obama administration hype lately about the national jobs report for June."  Last month full time jobs fell but Obama said we had excellent job growth (part time that is).  Since Obama took office full time employment has shrunk to less than 50% of the American labor force and 2.4 million Americans have left the labor force.  Most people will have the impression that the 288,000 jobs created last month were full-time. Not so. The Obama administration and much of the media trumpeting the figure overlooked that the government numbers didn't distinguish between new part-time and full-time jobs. Full-time jobs last month plunged by 523,000, according to the Bureau of Labor Statistics. What has increased are part-time that soared by about 800,000.  You can see the full story by doing a search on date, author, and part of the article title.
 
The misery and instability throughout the world with President Husein Obama has not been this bad since the 70’s with President Jimmy.   See “An Arc of Instability Unseen Since the 70’s.” by Solomon.   A convergence of security crises is playing out around the globe, from the Palestinian territories and Iraq to Ukraine and the South China Sea, posing a serious challenge to President Barack Obama's foreign policy and reflecting a world in which U.S. global power seems increasingly tenuous. The breadth of global instability now unfolding hasn't been seen since the late 1970s, U.S. security strategists say, when the Soviet... You can see the full stories by doing a search on date, author, and part of the article title.
 
Holder warns that terrorist emboldened by the Obama administration will attack America soon. Attorney General Eric Holder said he is concerned that Islamist fighters eventually would try to attack the U.S.   Epstein
http://online.wsj.com/news/articles/SB20001424052702304668604580027533755139568?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB20001424052702304668604580027533755139568.html
 
Corruption (especially by environmentalists) is seriously harming scientific credibility said Hank Campbell.  The Corruption of Peer Review Is Harming Scientific Credibility.  Academic publishing was rocked by the news on July 8 that a company called Sage Publications is retracting 60 papers from its Journal said a researcher had exploited peer review so that certain papers were sure to get a positive review for placement in the journal. In one case, a paper's author gave glowing reviews to his own work using phony names.
 
Migrants flood the American boarders and Obama signs them up to vote for more welfare socialism.  Backlash is coming. The British have a new catchy popular song about open border injustice and jihad.
 
World Economy
Jul 18  A Russian-made air-defense missile hit the Malaysian Airline plane that crashed in stupid Russian terrorist controlled Ukraine killing 295 adults and three babies.
China’s new-home prices fell in a record number of cities tracked by the government as developers cut prices to try to boost sales volume, signaling a continued economic slowdown in China.
Greek bonds have rallied since Greece undertook the biggest sovereign debt restructuring in history. That allowed the government to raise 4.5 billion Euros in three- and five-year bonds.
 
Jul 15  Ukraine has accused Russia of violating its air space, once again allowing weapons and fighters to cross its border to aid Russian rebels and massing Russian troops on the frontier.
 
The European FTSE is at the highs of 2000 and 2007 but MSNBC/PRAVDA is still saying buy and by-by.
 
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.
 
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.
 
 
The French market is only 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=
 
 
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
US home building and sales have dropped sharply.
 
Jul 15
Retail Sales Jun 0.2% down sharply from 0.5% ---
Retail Sales ex-auto Jun 0.4% flat from 0.4% -
Empire Manufacturing Jul 25.6 up from 19.3 +
Export Prices ex-ag. Jun -0.3% down from 0.1% --
Import Prices ex-oil Jun -0.1% flat from 0.0% -
Business Inventories May 0.5% flat from 0.6%
Jul 16
MBA Mortgage Index 07/12 -3.6% down sharply from 1.9%---
PPI Jun 0.4% inflation up from-0.2% -
Core PPI Jun 0.2% inflation up from-0.1% -
Net Long-Term TIC Flows May $19.4B up from -$24.2B +++
Industrial Production Jun 0.2% down from 0.6% ---
Capacity Utilization Jun 79.1% flat 79.1% 
Jul 17
Initial Claims 07/12 302K flat 304K
Housing Starts Jun 893K sharply lower from 1001K -----
Building Permits Jun 963K sharply lover 991K -----
The peak housing season is a disaster
 
The Markets
Jul 18  Volume and volatility indicators are increasing on market declines.  The sharpest declines during the Obama Administration since his election occurred in summer.
 
Jul 16  QE doubled the price of stocks making takeovers easy with inflated borrowing against inflated valuations.  With a normal leverage of 20 the FED inflated the equities and other markets by over $80 trillion dollars.  That money has been moving off shore and has inflated equities and real estate around the world.  Now the FED realizes that if they start withdrawing the QE cash from the system it will cause a contraction.  This is the same dilemma Japan had in 1990 when they decided to not withdraw their QE.  The result has been a 24year recession for Japan as indicated by the chart below.  This is why Obama’s economics is such a losing situation.  Quantitative Easing did not rescue the American economy any more than this administration spreading drug addition and welcoming illegal immigrants helps America.  Obama is destroying America from the Oval Office.
 
Jul 15  About $100 billion has been added to equity mutual funds and exchange-traded funds in the past year, 10 times more than the previous 12 months, according to data compiled by Bloomberg and the Investment Company Institute.  The stock market is in uncharted territory as it was seven and fourteen years ago just before it plunged each time in excess of 50%.
http://www.bloomberg.com/news/2014-07-13/individuals-pile-into-stocks-as-pros-say-bull-is-spent.html
 
World trade is now down 63.3% for the year to date and at a 15 year low.  It is down 85% since 2007 before Obama.  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.
 
 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.
 
 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
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