It is a fallacy that a government managed economy is better than the free market. That is because leftists tend to be unrealistic at best and corrupt

It is a fallacy that a government managed economy is better than the free market. That is because leftists tend to be unrealistic at best and corrupt homicidal paranoid psychotics like Stalin at worst.

Leftist lunatics now call free enterprise supporters the wacko wing and leftists protest students who chant USA, USA at football games because that chant offends Moslem terrorists. The leftist lunatics have always been into ridiculing and shouting down freedom loving Americans and are into name calling now. Now good Americans are mad as hell and finally fed up with the leftist lunatics and their dismantling of the American Economy, the weakening of American Security Forces, and their extreme corruption of their ilk as exemplified by the thieving dimwitted leftist politicians of Belle California. The leftists think your money is their money to take and to do with as they please. If they leave you a little of the money you earned… you are supposed to be grateful to them.
There had never been a country like America before where private individuals actually could and usually did earn more than government officials. Only in free nations such as America has that been possible. In most socialist nations today certain students are channeled through the best schools to get the high paying socialist government jobs. France and Japan are noted for that. But in America you can quit college because you find it boring, rigid, and leftist, and can easily start your own multi billion dollar company. Leftists seem to migrate to colleges and government jobs.
Study after study show there is no correlation at all between college grades and success after college. Could it be that all the leftist lunatic professors give low grades to students who think and create and high grades to the stupid students who admire the leftists? The thinking and truly creative students learn quickly that if they exhibit any positive knowledge whatsoever of writers such as Ayn Rand that the loony left's humanities professors give them an automatic "F" on their paper and sometimes channeled out of the main stream. This is one of the primary reasons that the best scientists and engineers avoid the humanities altogether. You find few leftists teaching the science and mathematics courses.

World Markets:
Chinese stocks fall out of favor, as corruption becomes more obvious. It is apparent that some Chinese companies do little more than float stock to rob and pillage from foreign investors. These stocks continually fall in value. China needs to shut them down because they could undermine foreign investments in China. There is a growing disconnect now between the declining Chinese stock market and the persistent reports of high economic growth. Either the government or the free market is not telling the truth.

Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will also be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little RED schoolhouses.

NAHB Market Index remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009, and he thinks it is time to buy gold and silver now at the high point.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer. Still that is dangerous since there is an inventory of over a year's worth of stock.
Building Permits Aug rose to 569 from 565K which implies the housing improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take profits early.
Crude Inventories 09/18 increased 0.7M after declining 2.4M last week

Today
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug

Friday
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug

Market Outlook Sept 23, 2010
The Wednesday NYSE decline was again on higher than average volume. That does not support a sharp rally at this time. The evidence that the downward move may be near ending is weakening. We are again skipping the low side of 100-day moving average.

Deflation remains the world's greatest threat. Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold would have with possible European currency devaluation's.

World Markets
Asian markets were flat last night following the USA. Shanghai was up 0.1%, Hong Kong up 0.2%, India down -0.4%, and Japan closed.

European markets are down sharply this morning in a range of about -0.8% to -1.8% about half way through their day.

US pre-market futures are down, -0.5% to -0.8% this morning at 8:30 AM.

0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.