Thursday, July 30, 2015

July 29, 2015 As Obama slowly dismantles the Ex-Im Bank, Boeing becomes one of the first considering moving part of its operations overseas the satisfy the Stupid Party wishes. Obama will use the Ex-Im money to cover additional welfare but not the cost of all the American jobs that will be lost. No need to worry though because Obama agrees with Putin that more people on a government handout will strengthen the central government and increase voter turnout. The “stupid party” says that it is self evident in countries like Iran and Russia where up to 98% vote, that most of them vote for the government’s socialist leader. The US Constitution requires the American President to present his requested budget to Congress for approval. So obviously all a President and his Stupid Party Congressional members need to do is to do nothing as usual when they think welfare not jobs bring in more votes than jobs do. Trump claims that stupid fascist socialist attitude is another example of gross incompetence of this administration.

 
Pending Home Sales Jun -1.8% after stupid-party commentators said it was at least 1.5%.
     Stupid party FOMC Rate Decision July; was nothing as usual.
     Stagnation and unemployment is happening as usual now for the last six years.
     Jul 30 8:30 AM GDP-Adv. Q2 2.3% after -0.2% last month for a 1% annual rate.
            July 28, 2015  Consumer confidence plunged in July and the Conference Board's index of consumers' perceptions fell sharply from June’s 99.8 to 90.9 mostly because of a sharp deterioration in their short-term economic outlook?  Probably not!  More likely it is due to the growing incompetence of the Federal administration when it comes to monitoring the economy and the reports because good news is politically correlated with speeches and the news has to be corrected later.
       Analysts optimistically predict the Shanghai Composite Index will sink only another 8.5 percent after plunging Monday.  That would extend the decline to 38 percent.   It is optimistic none-the-less because none of the analysts are looking at daily 1929 market lows they are using daily or weekly 1929 market averages.  The absolute daily low during FDR’s Great Depression was 95% below the absolute daily high at the peak before the depression.   In reality we are now seeing all major world markets begin to decline together.  The NYSE broad market first saw cash leaving last October.   Now we are seeing opportunities evaporating and people wisely reducing Stock Market investments until this is over.
http://www.bloomberg.com/news/articles/2015-07-27/demark-sees-14-china-plunge-as-stocks-mirror-1929-u-s-crash
      Brent oil price shrank to a new five year low.
      Durable Goods -ex transportation Jun 0.8% up from -0.1%
      Case-Shiller 20-city Index May flat at 4.9%
          The “stupid party government” analyzes Trump’s assets in an attempt to identify all his holdings so that their brown shirt supporters can continue to demonstrate and create havoc such that Trump businesses lose money.  Of course all the loses are blamed on Trump’s candidacy in order to economically destroy him because he is planning to clean house in Washington and launch the biggest investigation into criminal government activities in US history.   Hitler’s Brown Shirts are the model for the “Stupid Party” demonstrators.
         Massive hacks have occurred.  The evidence has already been downloaded overseas, and will provide the proof of and timing of the current administration’s ongoing destruction of government records that the proof of the deliberate criminal harassment of opponents of the “stupid party.”  Obama and Hilary have now requested that all the NSA records be destroyed but apparently copies were saved to support an honest and thorough US government investigation once the current corrupt government is replaced.  US NATO allies, Korea and China are a lot smarter than incompetent Washington officials think.  They know how dangerous fascist socialists are.   Fascists are socialists that allow and use capitalists to corruptly control wealth.  It is called crony capitalism.   That is how Obama milks banks and other industries threatening lawsuits and fines.  Copies will make it easy to identify the material requiring analysis because the incriminating Washington records have been the primary records being destroyed so far.  They are destroying records not to protect the innocent victims of the administration but to protect the corrupt government officials who ordered the illegally taping the State Governments of Wisconsin and New Jersey as well as contributors to groups opposed to the corrupt government or groups just standing up for the American Constitution.  Every fascist government controls the press and attempts to destroy good and honest people with their stupid fascist party’s hoodlum demonstrations and planted hecklers.
http://www.wired.com/2015/07/nsa-destroy-phone-records-illegally-collected/

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