MBA Mortgage Index 10/10 fell -27.6%
The Produce Price Index in Sep fell -0.5% a growing sign of economic depression the
opposite of inflation.
Retail Sales ex-auto for Sep fell -0.3%
Empire (NY) Manufacturing Oct fell -11.4
Crude Inventories 10/10 doubled to 7.562M
Industrial production remains in the Obama slump.
The Bears have just overtaken the bulls
The NYSE MACD continues to plunge
October 14 The energy price spike and slump manipulation
has been hurting speculators who believe the market manipulators who profit
buying the stocks after a slump and then predict a price recovery selling back
at higher prices to their fool-followers have bought back in. They drive up the energy stocks and then
dump. Even Wells Fargo took a hit
speculating. Energy prices will not rise
significantly until this recession bottoms out next year.
On page A2 of
the WSJ they have graphs that explain the current credit crunch. Effective US interest rates hit -3% last year
because the FED rate was close to 0% and the inflation rate went over 3%. That was an incentive for excessive borrowing
and spending and for going into enormous destabilizing US leverage and
debt. At the same time things were even
worse abroad causing the US Dollar to soar 20% and hurting US exports
doubly. As interest rates approached
zero the banks and the FED lost the ability to further stimulate the
economy. This is the same as the
situation under FDR in 1932 when the stock market collapsed and there were runs
on the banks not like when Obama was elected but because there simply was not
sufficient money in circulation to meet demand.
When interest rates are negative corporations are better off putting the
cash in the vault than putting it in the bank where you get back less than you
put in. When a credit economy collapses
the hard currency skyrockets in purchasing power because it is very scarce. Catch22 is the fact the FED is now being
trapped because it did not raise rates earlier.
The lowest
cost “content provider” will survive.
NETFLIX stands to be wiped out within the next decade as the competition
increases and the creators of content demand a fair share.
As we
predicted, Obama and his “Stupid Party” lied.
“Obama Crappycare” will cost much
more than America Russia , China ,
and Eastern Europe . China
and Eastern Europe are making progress with
free enterprise and diminishing socialism.
Obama Crappycare is almost as stupid as Hilary’s ideas of tribal
parenting rather than parenting with a caring mother and father. Fatherless families are the primary cause
academic failure and poverty in America
During the
last Clinton Indonesia
That is why
many religious groups do not want to serve people like the CEO’s of Walmart and
others who might one day ask Christians and Jews to serve them at one of their
“NAMBLA events.” The CEO’s of the
following companies should be fired for wasting stockholder money supporting
NAMBLA objectives. The best way would be
for everyone to boycott these companies not the US Sodom and Gomorrah ”
or ISIS where it was or still is legal to
regularly abuse children. The “Stupid Party”
and ISIS both want to neutralize the rights of Christians and Jews. That is why stupid people and bigots support
the “Stupid Party” policies, but informed minorities, democrats, and
independents are abandoning the “Stupid Party” in this next election. Americans plan the throw the “Stupid Party”
out in a landslide and investigate the wiretap surveillance and other predatory
and disruptive crimes committed by the Obama IRS, and his Attorney General and
administration.
October 14 Jim Cramer officially has gone on record
yesterday saying the stock market is about to experience severe pain based on
his cyclic indicators. For a year now we
have predicted that by the end of October 2015 Jim Crammer would recognize the
bear market had arrived. Unfortunately
it is a little too late to beat the stampede to the exit. The last one out of the funds takes the
greatest loss. He also said what we have
said for almost a year, that China
Walmart, the
worst performing stock in the DJI was responsible for 30% of the decline of the
DJI today. It is one of the corporations
with a CEO that put NAMBLA ahead of the Constitutional right of Freedom of
Religion. The Boston
October 13 Why doesn’t Obama just resign
and let Biden take over?
Fortress
Investment Group has shut down its flagship macro hedge fund a situation facing
most hedge funds and only getting worse in a country where an incompetent
president tells the world that the Department of Environment Protection’s goals
are a more important concern than America
Many funds
will fold once investors are burned because most Funds can burry their losses
until they are in a hopeless withdrawal situation. Redemptions are what force funds and everyone
else to recognize all the buried hidden losses.
Similarly a homeowner in a
neighborhood that has seen a 25% reduction in home prices does not write down
the loss until his house is sold. And by
the same token, almost all investors in funds now have unrealized losses that
will not be exposed until other investors begin to take all remaining profits
from previous market appreciation. The
last investors holding the bag will end up taking most of the losses as the
stampede to the exit begins.
The WSJ is
beginning to warn that the feeble 6-year economic recovery could be over. The low interest rate loans have been gobbled
up by incompetent CEOs just as foolish, inexperienced and impoverished people
gobbled up unaffordable houses in 2006 2007, and 2008 with the Obama-Dodd-Frank
low interest 3yr mortgage loans and caused the collapse of Countrywide, Fannie
and Freddie Mai and led to Obama’s recession.
Of course the incompetent Obama administration has consistently blamed
that collapse of the Obama-Dodd-Frank housing bubble and leveraged banks on
President George bush because Obama can never admit the truth. Obama can be credited with creating the first
American “Junk Economy.” Why doesn’t
Obama resign and let Biden take over?
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