Sunday, June 21, 2015

June 26, 2015 Housing stocks are beginning to take a hit as realism sets in. The leftists’ wishful thinking that there is a housing recovery magically fools them into believing there is a recovery. But the existing housing market remains saturated and the next generation needs full time jobs so that they can afford the current housing. Wages are going down faster than the minimum wage increases because socialized medicine’s corporate payments do not kick in if the company has only part time not full time employees. So in addition to the growing subsidized welfare underclass of Obama socialism, the “stupid party” is creating a large marginalized class of part time poor youth, illegal immigrants, pot smokers, and alternative life style people. Housing will not do well while the “stupid party” governs America.


 
Michigan Sentiment Final for was Jun 96.1 up from 94.6.  It is now at the same level as it was in 2007 just before the current recession began.

          Here is how the leftist news media is lying to you, telling you how good the economy is under the Obama “Stupid Party” followed by the actual plots of personal income and personal spending.  They are obviously lying and implying that things are better than before Obama was elected when in fact they are only comparing today to the bottom after Obama was elected.   The National and International socialists are opposite sides of the same coin.  Hitler and Stalin were both socialists and socialists strive for government control of everything.   Socialists have large propaganda machines that continually deceive the voters and end up with one political party and put anyone who disagrees in prison once they get power.  That is why we show you all the data so you know just how the leftist press and Obama continually try to deceive Americans.  First we show a web site with the misinformation and then we show the site with a full chart so you can see how bad things are and how they lie and say things are better.  The fact is that the “stupid party” put America into an economic hole and we are trapped until the “stupid party” is thrown out of our government. 
            The socialists are actually making income inequality worse than it ever was under capitalism.  Their trick is to avoid salaries for their dictators.  The rulers like Putin, Stalin, and Hitler never paid a nickel for anything.  They carry/carried no money.  They live/lived in palaces with servants and aides just like the kings prior to the Russian Revolution.  And the American leftists are so stupid they don’t realize the “Communist Party” is the modern aristocracy.  We have had a brief period of personal freedom and free enterprise between the “Old Aristocracy” of military dictators and the “New Aristocracy” of socialist dictators.  
            June 25, 2015   You can see from the following chart that the first term from 2003 through 2006 of George Bush had about 3.7% average GDP growth but it dropped to about 2% in the Dodd-Frank-Obama liar loan period just before the liar loan derivatives broke the banks.  You can also see the Obama recovery is at best averaging 1.25%/yr GDP growth just as the economy is about to enter a second Obama recession.  Remember, Hover had a recession and then Roosevelt had a follow-on recession and a 90% stock market collapse leading to the “Great Depression.”  To this day the leftist who run American Universities falsely claim Hover caused the “Great Depression.”  There was no run on the banks under Hoover.  The original American “stupid party” of FDR had the depression and then went to war against the “stupid party” of Hitler in Germany.
      The bubble is close to popping.  Come June 30 the Obama nuclear appeasement treaty with Iran will be seen as a failure and the economic disaster in Greece will probably only get another band aid.  In Greece the average person goes to on dates until the age of 30, then settles down and begins work at about 30 and retires with a full pension at age 45.  While they only work 30 hr weeks they average 7 weeks vacation per year.  That is the way stupid party socialist reduce the unemployment rate by reducing everyone’s work load thereby sharing what Americans would call part time jobs.  That is why Obama now has the government pick up the health care cost of Americans who work less than 30hrs.  He wants Americans working fewer hours so Obama can hide some of his incompetency dealing with the economy.   That is how the “stupid party” redistributes everyone’s poverty.
     June 24, 2015   Carl Icahn proudly disclosed today that he sold his remaining stake in video streamer Netflix at its recent high bailing out near the top of this equities bubble.
        New Home Sales for May were 546K up from 534K but down from 1390K before Obama’s “Stupid Party” Liar Loan Program intended to help ineligible people own homes.  The home ownership rate now is only 63.9%.  It is the lowest in 25 years.   Yet people are flipping homes now like they did at the peak in 2006.  We now have a glut of housing and record vacancies and house fires.  Housing is down but apartment building is up.  The “Stupid Party Press” said,” New home sales rose to 7-year high in May.”  They believe all Americans are just as stupid as they are because 7 years ago was actually the lowest level in the 15 years, since 2000.  So being the best in 7 years is pathetic!
     FHFA Housing Price Index Apr rose 0.3%.
     Walmart has been kicked out by stockholders from the top ten capitalized corporations in America.   Customers are leaving in droves too.  The current Walmart CEO joined a group of hateful elitist CEOs who said they would boycott individual States that specifically allowed their citizen’s freedom of religion.  Their corporations are now having problems that cannot be solved until their ignorant hateful CEOs leave.   No one told those CEO’s that most of their customers were the people the CEO’s hate.  Once stupid hateful CEO’s get involved with the goals of NAMBLA they can’t seem to keep their minds on their business any more and put their desires ahead of the needs of the corporation.  The employees of Walmart had been subjected to low temperatures, low wages, and difficult schedules indeed.  But by far the very worse thing any CEO’s could do was to put NAMBLA’s needs ahead of their employees and stockholders trying to force NAMBLA age of consent objectives on individual states and Christians and Jews who object.   Family values have been the target of all communist governments, hateful stupid parties, the first Clinton administration, and this Obama administration.  The stupid hateful CEO's of the following companies recently threaten US freedom of religion:   Walmart, Yelp, Salesforce, Angie's List, Eli Lilly, Gap, Levi's, Twitter, Apple, Anthem, and Nike.   We expect all of the corporations listed above will either have new CEO’s or will soon be in continual decline.  What intelligent people would work for such a foolish CEO or buy from them?
 
      June 23, 2015   William Jennings Bryan's famous “Cross of Gold” speech in 1896 was the American version of the Greek crisis today.  JP Morgan made his fortune betting that America would resolve its financial crisis.  For most of the 1800’s, the American banking system consisted of state-chartered banks.  The National Banking Acts of 1863 and 1864 were the United States federal banking acts that established our present system of national banks by created the United States National Banking System.  It facilitated the development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury and authorized the Comptroller to examine and regulate nationally chartered banks.  If an American state went bankrupt like Greece seems to be doing in the EU, would the US State have been expelled from the United States?  Of course not!  Vermont was a problem state in early America, hit hard by the gold standard at every recession.  Why isn’t any state in the USA or in the EU similar?  Neither can print Federal money but if a city or state goes bankrupt why couldn’t some of their state assets be sold off or the city/state use the national currency but not be allowed to print it.   They already have complete worker movement throughout the EU.  Why would any state object to the nation state owning and managing historic sites?  Greece would still have the tourism and jobs without the financial worries.
            The EU or private enterprise might be willing to pay a fortune for some of historic sites in Greece, or their islands.  All the early nations had growing pains and economic panics when they the established Federal Banks. 
            I can sense that you out there reading this blog also sense the broader market has already peaked and now the foam at the top of the rally wave is peaking.  Our first warning was when the cash flow into the broad NYSE peaked.  Only the NASDAQ cash flow peaked again this last time but it was insignificantly higher.
            Existing Home Sales May were 5.35M up from 5.04M but still 50% lower than before Obama came on the scene.  Maybe hearing Obama campaign promises caused the panic?
            Manufacturing is still going down and off the scale lower than before Obama.  Manufacturing durable goods orders in May were down -1.8% even worse than last month’s -1.0%.  Durable Goods -ex transportation May up weakly by 0.5% after a decline last month -0.2%.
            June 22, 2015   Putin and others who murder their critics could be classified as criminally insane.  Countries that enjoy freedom should boycott such nations that are led by the criminally insane just as we boycotted the Russian Olympics after they invaded Afghanistan.  That boycott helped lead to the collapse of the USSR.   The Obama “Stupid Party” earned that label when they declared all Americans “Stupid” as their lame duck defeated representatives voted to pass their legislation that they did not have time to read.  The “stupid party” is about to cave in on Iran and let nuclear proliferation arm the Jihad of the Mid East.  That will take the cake as perhaps the most stupid thing the “stupid party” ever did.  The free world should insist on boycotting all nations led by the criminally insane starting with Russia, and if necessary Iran and even Greece.  In fact if China wants to go back to the impoverishment of “stupid party” leadership then the free world should at that time boycott China.  Hopefully Americans will always reject their “stupid parties” who are always left or right wing socialists.  Democrats pretend the Nazi were not a National Socialist party and they and the Union of International Socialist Republics were run by “stupid party” dictatorships who thought freedom was an evil.
            Iran’s Islamic legislation just voted to deny verification that they are not developing nuclear weapons.  Is Obama going to be so stupid as to allow perpetual extensions of the settlement deadline?
            June 21, 2015   There is very good reason to get out of the high flying pharmaceuticals corporation stocks ASAP.  Sixty Minutes did a special on the corruption of the pharmaceuticals’ business model June 21.  They showed that the industry is completely corrupt.  Prices are determined by the commission of the salesmen and the percent kickback the doctors get for using or prescribing their drugs.  Kickback boosted prices are much higher than the honest costs of research and development because the costs are primarily a reflection of the incompetence and dishonesty of the drug producers.  For example Sixty Minutes compared two drugs of equal curative results where drug A cost twice as much as drug B.  The salesmen make the same average 6% commission on both so the salesmen tend to push the expensive $30,000 product not the $15,000 because they get an $1800 not a $900 check in the mail.  The doctors get a periodic kickback check from the corrupt corporations as well.  That causes drug prices to rise to whatever the market will bear.  Thus Obama’s Stupid Party corrupt socialized medicine spends 40% to 60% more for the same medicines sold to other socialized nations that have rooted out some of the corruption.  As a result many Americans get poorer treatment now with Obama’s Stupid Party corrupt socialized medicine and many Americans die if they are not on welfare and cannot afford the treatment co-pay.  We would get out of this stock sector ASAP. 
            And for that matter all previous bubbles had similar corrupt methods for either cheating customers or as Warren Buffet said, doctoring their revenue and profit numbers.
            Walmart once had greeters at the door to welcome customers.  Then they claimed their employees were stealing so they instead had security people roaming the stores and cameras recording deliveries of ordered goods.  Now the will have employees checking at the exits again because they think customers are stealing again.  Customers will be scrutinized as they leave and taken to a private area if they are suspected of shop lifting.  
            Twitter is incapable of coming up with a business model to profit from the millions of high school students and college dropouts addicted to social media.   Twitter allows the “Walter Mitty’s” of the world pretend they have a real life.   The problem is that Twitter hasn’t been able to fool people the way most IPO candidates have.  No one is nibbling.
            The CEO’s of the following companies threatened to put an end to America’s freedom of religion because Jews and Christians often discriminate against and imprison pedophiles.  NAMBLA homosexuals now say it is just the same as discriminating against all homosexuals.   That is nonsense of course yet it is apparently believed by some CEO’s today.   The following CEO’s said they are committed now to discriminating against states that practice their freedom of religion.  None of the CEO’s said they would discriminate against, stop selling to, or stop investing in and creating jobs in Moslem Nations where homosexuals are systematically stoned or burned alive.  This irrational CEO behavior shows immaturity and a certain disdain for the American Constitution and therefore extremely poor judgment.  Therefore, until these companies instate objective management we would avoid them.  No one can force you to even use the products of Apple, Walmart, Yelp, Salesforce, Angie's List, Eli Lilly, Gap, Levi's, Twitter, Anthem, and Nike.  These were once under great management but have lost it.  And when the market bubble bursts stock holders will wish they chose companies with CEO’s who put the company first.
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