Jan 23 The federal
privacy board said in a report issued today, that the U.S. National Security
Agency under Obama has been and is still illegally collecting phone call
records, and emails, and other information from millions of Americans and the
program should be stopped!
http://www.bloomberg.com/news/2014-01-23/nsa-s-spying-on-phone-calls-illegal-u-s-privacy-board.html
Obama is destroying any confidence Americans ever had. One knows just how bad our nation’s
mismanagement is when they claim the American economy is doing very well
now. It shows the socialists haven’t got
a clue. If Morgan Stanley, Standard and
Poors, Republicans and Conservatives are harassed for telling the truth that will
cause American people will stop believing the redistribution minded Democrat
socialists. Also, the rest of the world
economies will stagnate whenever a Democrat socialist is elected as long as the
world is on a dollar standard. Obama has
done all he could do to pick the pockets from the working middle class to give
it to the work shirkers who live by the credo of, “I don't need no stinking
education.” Obama collected more campaign
contributions while in the White House than anyone else in world history.
S&P claims that Tim Geithner specifically threatened
them with bad consequences the moment they made the decision to downgrade the
Obama administration’s credit rating. Today,
Tim Geithner was on Squawk Box while in Davos and said that government
harassment of critics is nothing new. As
an example he said that President Kennedy had all of the steel company
executives investigated (harassed) because they raised steel prices.
If we do not depose the socialists in the USA , the USA
It is clear that Obama had the Christy’s and his staff
phones and e-mail tapped because those two unintelligible emails of the staff
could never have been found before the news even broke and the information was
subpoenaed. Obama violated the American
Constitution and had Christy illegally taped with the intension of sabotaging
his promising career. The information
was then leaked to the press to smear Christy. That was Christy’s just reward for sabotaging candidate
Mitt Romney and helping Obama.
Mohamed El-Erian abruptly leaves mid-March as chief
executive of Pacific Investment Management Co., after seven years running the
world's largest bond fund. He will leave
in after seven years at the helm of the firm, which manages $2 trillion as a unit
of German insurer Allianz. His departure leaves Bill Gross, the founder,
as sole chief investment officer. Pimco's
effort has faltered and the Total Return Fund suffered industry-record outflows
in 2013 just when stocks posted their biggest gains in over a decade. That turn about is 180 degrees from just a
few years ago, when investors poured hundreds of billions of dollars into
high-rated bonds to avoid risk during financial crisis. Now, with interest rates rising, bonds are
losing as fast as they gained when interest rates were falling.
Hurt by slumping end of year sales, Coach (COH) disclosed a
16% drop in earnings, driving the luxury retailer’s shares steeply lower.
Jan 22 Just as
American Republicans and Independents were harassed by Obama’s 20,000 new IRS
agents in 2012 and 2013 for their pro Constitution and pro free enterprise
views, now businesses are beginning to come forward to complain too. Tea Party and people who believe the Founding
Fathers were great men were primarily Republicans. Obama did not harass Democrats. Even European socialists do not harass
individuals the way Obama has. You have
to look at Russia , N. Korea,
Iran and Syria
Americans who believe strongly in the entire American
Constitution and American liberty were harassed by Obama’s IRS in 2012 and 2013,
and now businesses are beginning to come forward to complain.
American corporations are beginning to prepare to sue
Obama/Holden administration for deliberate fraud and harassment. It is deliberate government harassment for
the government to make punish those who do not support bankrupt economic
leadership. They eventually forced the Kenneth
D. Lewis, chief executive officer of Bank of America, the man who built the
bank, to resign in a coordinated political orchestrated Socialist-Democratic
attack. In the first attempt, all the Blue
States sent their Democrat State Treasurers to vote all their state pension BOA
stock to unseat the BOA chairman the year Obama took office. But when that failed the Obama administration
harassed the bank until the BAC president resigned in disgust.
S&P now says they are currently being harassed because
they downgraded the USA
rating when Obama was within a month of making America
Jan 21 Rockwell Collins Inc. Chief Executive
Officer Kelly Ortberg reported that the slump in business-jet sales since the
global Obama Liar–Loan recession probably will last into 2016 after the next
presidential election as corporate buyers wait for their businesses to rebound.
World Economies
January 24, 2014
The worst selloff in emerging-market currencies in five
years is beginning to be compounded by political and financial
instability. The Turkish lira plunged
and South Africa Argentina
Jan 23
A report on manufacturing in China
Poll says 57% of Europeans think that after seven years of
Obama, the worst of their economic crisis is over. They say it is almost as bad as it was in
1933 at the bottom in Socialist FDR’s three terms. Even the Europeans had to deal with the
2005-2007 Dodd-Frank and Obama’s Liar-Loans that sank the banks.
Jan 21
Bitcoin violates US and international banking rules and is
the fastest growing world Ponzi scheme ever invented.
The German market is topping out. The best of the foreign markets is about 15%
above the 2007 high which was about 7% above the 2000 high. It however failed
to break out from its upper resistance level defined by 2000 and 2007.
http://in.finance.yahoo.com/q/bc?s=%5EGDAXI&t=my&l=on&z=l&q=l&c=
The French market has continued to decline since year 2000.
At it most recent highs it is still is still down 50% from 2008 and down 60%
from 2000.
http://in.finance.yahoo.com/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=
The Swiss market indicates stagnation since 2007. It has hit the highs of 2003 but could not
make it to the highs of 2003. Obama has
destroyed Swiss banking by destroying the Swiss confidentiality that protected
people from the Hitlers. Stalins and the current socialists trying to legally
confiscate everything people earn while lining the pockets of their friends
with Obamcare inept management of $billions.
http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=
American Economy
Jan 22
MBA Mortgage Index 01/18 4.7% down from 11.9% ---
Jan 23
Initial Claims 01/18 326K up from 325K and very high ---
Continuing Claims 01/11 3056K up from 3022K and very high---
FHFA Housing Price Index Nov 0.1% down sharply from 0.5% --
Existing Home Sales Dec 4.87M flat from 4.90M -
Leading Indicators Dec 0.1% sharply lower from 1.0% ---
AM Crude Inventories 01/18 0.990M gained -7.658M +
The Markets
January 24, 2014
Investors are losing confidence in some of the developing
nations, extending the currency-market rout from last year. China and South Africa
Yesterday American markets suffered the biggest drop in over
a year. A 2.4% drop from this level would likely trigger a
massive selloff of at least 14%. The
market would still be more than 40% higher than the previous Obama market low.
It looks similar to July 2013 only that time the market held and did not
plummet further.
Jan 23
Without small investors the funds have nothing they can do
to make money. Therefore the funds that
liquidate stocks first to raise cash and buy gold and gold equities will be the
only ones to profit in a massive selloff.
That is because they will have the cash to buy equities a lot lower.
Obama just said that after paying off his corrupt health
care contractors in full for delivering no socialized medicine, he will not
prosecute or claw back their wasted money. He will just fire them to get them
out of the limelight. It had been disclosed that corruption (helping
incompetent friends) is the cause of the failure to get Socialized Medicine up
and running. Socialized Medicine will
likely be the largest drag on the American economy in 2014 and due to inept
government interference will make the whole 26% piece of the American Economy
another big economic anchor worse than Medicaid..
http://www.newsmax.com/Newsfront/cgi-federal-scrutiny-obama-fundraising/2013/10/27/id/533310
World trade is still down about 75% from when Obama was
elected, the recent gain has evaporated. Look at the last 1+ years! Use the graph or
snapshot option. Unfortunately they do
not show back to 2007 when trade was five times higher than the Obama
administration’s world trade highs.
http://www.bloomberg.com/quote/BDIY:IND
Based on history the
best time to buy stocks was when the VIX was above 30. The best time to sell stocks was when the VIX
is below 20. It is now near 14. This is not a good moment in time.
World market updates:
http://finance.yahoo.com/intlindices?e=europe
http://finance.yahoo.com/intlindices?e=asia
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