Tuesday, May 26, 2015

May 28 2015 The shanghai stock exchange plunged about 6.5% today. Pending Home Sales (agreements to buy pending approval of financing) for Apr was up 3.4%, up from the 1.1% last month. The signer usually must get financing within two weeks or the deal collapses. This number always peaks at the end of the housing cycle as it did nine years ago. There is a glut of available housing in most of America and especially in cities. That is due to the collapse of the Obama-Dodd-Frank Liar Loan Scam to give ineligible people housing at low interest rates that doubled or tripled within three years so technically they could sell out but only if prices went up. It was a get rich “stupid party” scam for poor people that backfired and now home ownership is the lowest percentage since Bill Clinton with a glut of houses now on the market.

            Who uses most of the Apple applications?  People on welfare get free cell phones courtesy of Obama to use because they have nothing to do.   Immature high school students use them during class while taking special electives instead of critical courses needed to hold a job.   Apple is marketing heavily to this unemployable next generation, the “stupid party” generation which will eventually be replaced entirely by machines.  The unemployable will need to be amused all their lives and engaged with games that make them “winners” at something so they are docile and dependent on the government.  That is like the Romans who kept the peace by feeding Christians to lions to amuse their unemployables.   It is the sign of a decadent, corrupt society in collapse.  The unemployable are already addicted to games, porn, and social media, and still gush about it on Facebook.   Soon to be high school dropouts are playing the childish war and castle games. 
            American housing will never be the same.  With “stupid party” Obama/Hillary type leadership the new concept of housing is the low rise apartment complex popular in communist countries.   The suburbs will be areas of poverty and blight as they were in the 1920’s because the cities will control and keep all the money.   Most of today’s abandoned housing will never sell again.   Vandals are already stealing the copper and burning them down.   Under the Obama-Clinton  “stupid party” the Housing industry will remain crushed.  Their first crushing “stupid party” blow to American housing was their government backed liar-loans to people who were not educated enough to be capable of disciplined budgeting.  
            There will be more and more communal living and less and less family living under the “stupid party”.    Many unemployable dropouts will live with their parents well into their 30’s and never buy a house or have a family in their life time.  They will move into a communal tribal village setting as Hilary Clinton advocated with the African tribal proverb, “It takes a village to raise a child.”  That is the “stupid party” solution!     Intelligent Americans know just the opposite.  Intelligent Americans know that the shared fatherless tribal family is a root cause of world poverty.  The mother and father family unit is what separated intelligent humans from the other animals that either share partners or let the most aggressive male take all the females.  The primitive tribes and hippie communes generally share partners.  That way few feel a strong bond and responsibility.   CEO’s who support NAMBLA do not support the traditional mother-father family unit.  Stupid people do not want responsibility and that makes societies led by a “stupid party tribes” dependent and impoverished. 
            The CEO’s of Walmart, Apple, Yelp, Salesforce, Angie's List, Eli Lilly, Gap, Levi's, Twitter, Anthem, and Nike are such free thinkers that their brains apparently fell out.  They want to discriminate against and boycott Christians and Jews who support Judeo-Christian family traditions. and thus oppose child predator groups.  The Boy Scout Council is now under pressure too to ask no more questions about Boy Scout leaders because NAMBLA says 12yr olds should have the right to make their own moral decisions about man-boy love.  Our industry and the “stupid party” are being taken over by the immoral exploiters of the least able to defend themselves.  Americans need to clean house.
            Yesterday stocks partially recovered but on lower volume indicating cash continues to leave the stock market.  It is reported that the bubble in private loans to start-ups is now bigger than the stock market bubble and today the NASDAQ bubble is bigger than in 2000 when corrupt accounting was used to fraudulently make the PE ratios look reasonable.  We submit that stock valuations, especially the drug stocks, are built upon unsound accounting practices worse than in 2000 with the current administration adding to corruption in bank lending.  These problems only get exposed when their schemes collapse, or the current Obama QE bubble bursts.
The MBA Mortgage Index 05/23 was  -1.6% from -1.5% last month.  Declining applications means declining housing sales ahead.
Initial Unemployment Claims and Continuing Claims 05/16 both rose again. 
            But most significant is that the percentage of Americans employed is declining and women are being let go in higher percentages than men under “stupid party” mismanagement of the economy.  The Obama administration fools the public by declaring more and more Americans unemployable so that they are not even counted.  That is right, the stupid party voting base are not even counted as employable so that keeps the Obama unemployment rate declining.  When the “stupid party” declares all Americans unemployable they will tell us we have zero unemployment!  That is just how stupid the “stupid party” has become.
            May 27 2015  How have corporations been able to meet rising revenue and earnings projections these past two years in a stagnant Obama economy?  By cooking the books such as by bookkeeping expenses as investments, violating accounting practices by computing profit at the time of manufacture or shipment instead of sale, or as Greece and others were doing in year 2000, parking debts in external accounts.   It took until 2002 to understand the stock market collapse that started in 2000 during the Clinton administration. It is called creative accounting.  This type of corporate corruption is what we expect will be shown to be the basis of the current inflated stock prices.
            So far the Oil Cartel has not been able to keep the price of oil below the $40/barrel cost of shale oil and therefore shale oil production will continue to grow.  Once US shale oil production costs rise about 25% the American companies will go abroad and Eastern Europe will likely become the next biggest supplier.  As it is each continent has a massive reserve of shale oil and Siberia and Africa have potentially the largest supplies.
            Currently ISIS is outsmarting Obama’s Junior Varsity White House Czars about 4 to 1.  The Obama strategy seems to be to abandon the Sunnis entirely and have a nuclear armed Tehran invade and dominate the Mid East under the Shiites.
            Who can forget Obama’s and Holder’s “fast and furious” gun running to make retired and active gun owning American servicemen look like right wing extremists.  If Mexico decides in 2017 that they want to extradite Holder and Obama and put then on trial in Mexico for the deaths of approximately 29900 innocent men, women and children would America be required by the Geneva Convention to turn them over for a genocide trial?   On Monday night 9PM EST, a Moslem guest on Fox sarcastically pointed out that ISIS extremists in America are not on the US most wanted list.  He said Obama and Holder have put “right wing extremists” i.e. our returning veterans on FBI’s #1 watch list.   That is what Clinton did too and it resulted in innocent death of a retired Green Beret, his wife and his child at Ruby Ridge and 76 Mormon men, women and children that Clinton defined as “extremists” at  Wako.  In fact Obama recently had the FOX reporter Rosen on the NSA wire-tap watch list too, in addition to having all American Christian religious and Historical societies harassed by the IRS.  Corruption of the US government is why we can no longer believe any of Obama’s economic statistics.  Political corruption and stupid party infiltration of many corporations is why this stock market is about to implode.  GM has had several CEOs appointed by Obama and it is a monument to “Stupid Party” incompetence.
 
May 26 2015  When corporations lose their moral compass and their focus on their core business they may become terrible investments.  Wall Street Journal says Walmart may have been caught engaging in illegal international fraud and bribery.  Walmart which came out against the American Constitution’s guarantee of freedom of religion and the right to object on religious grounds to pedophiles and others preying on American children, has now been accused of illegal monopolistic violations of US and international laws.  The challenge also raises the question of Walmart’s external auditors’ responsibilities when their client Walmart may have violated the Foreign Corrupt Practices Act, the U.S. antibribery law. If an outside auditor discovers a potentially illegal act, it generally is morally expected to notify responsible authorities within the company the accounting and legal experts said.  But it should be obliged to notify the government if the appropriate steps aren’t being taken and a company’s books may be compromised, they said.  Walmart is also known to use other tricks and diversions to accomplish a monopoly.  They often purchase a defunct store and pretend they will turn it into a super-store.  That tactic is unwisely supported by the local town which gives Walmart a huge tax break while it immediately suppresses competition in the region because no one else dares open a store in that area.  Then Walmart quietly discards the idea, demolishes the old store they bought, and simply converts an existing Walmart near by to a super store.  They thereby paralyze the development of any competition in the town where they got a huge tax break and now have a valuable piece of property they can later sell to a non-competitor.             
            Walmart has joined other executives that have lost their moral compass and indicate they might boycott states that allow religious groups to abstain from supporting in any way NAMBLA like activities because the CEO’s say that is religious discrimination.  They think NAMBLA is a worthy American institution and children at least down to the age of 12 or 8 should be allowed to decide sex for themselves without parental consent or having religious groups interfering.   Walmart no longer believes in the freedom of the press either and reportedly drops books they say discriminate against NAMBLA activities.   The Boy Scouts have also recently been targeted to reduce their wise discrimination against predators.  We are returning to the awful situation of the 1990’s when the Clintons were in office and child rape was at its peak.
            The following companies have lost their focus on their core businesses and their CEOs joined together in trying to prevent churches, religious groups and others from executing their constitutional right to freedom of religion, thought, and press.   Walmart, Apple, Yelp, Salesforce, Angie's List, Eli Lilly, Gap, Levi's, Twitter, Anthem, and Nike.
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