Obama believes that every crisis is an opportunity to expand Marxism in America.

Remember that Obama believes that every crisis is an opportunity to expand Marxism in America.

He used the economy to pass Marxist international communist legislation such as Obamacare and Cap-n-trade wealth redistribution to the Socialist/Communists of the world. And so Obama was doing everything possible to make the economy worse thinking he could get more Marxist legislation passed. But the American Free-Enterprise economy healed itself in spite of Obama. The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.

Corporate Bonds, Treasuries, and Silver are at bubble levels now and getting into dangerous territory. Any increase in rates by the FED will have a disastrous effect on the value of treasuries and corporate bonds because as low interest rates double, the value of their fixed rate investments drops in half. Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery due to oversupply and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pushing silver now because they want ignorant investors to buy while they dump their silver.

World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.

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 be over soon.

NAHB Market Index Set 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 a high.

Today
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21

This week
Sep 22 10:30 AM Crude Inventories 09/18
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
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 21, 2010
The Monday advance was on low volume, but it is looking more like an upside breakout from the 100-day moving average. That does not guarantee a sharp rally at this time but is evidence that the downward move may be near ending.

The hedge funds and George Soros are trying to unload gold and silver now on the unwary. It is time to get out of Silver/Gold and not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is also a bearish sign.

World Markets
Asian markets were up slightly last night following the USA. Shanghai up 0.1%, Hong Kong up 0.1%, India up 0.5%, and Japan down -0.3%.

European markets are up this morning in a range of about 0.3% to 0.7% about half way through their day.

US pre-market futures are mixed, -0.1% to 0.1% this morning at 8:00 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.