Tuesday, February 4, 2014

Feb 07 Obama is destroying the work ethic. If you work, you lose the benefits Obama offers you only for doing nothing but voting for socialists. You are no longer tied down to a job. And you can get your dope for free in most states on the signature of any socialist pot-head doctor.

Twitter said its revenue more than doubled in the fourth quarter but that its user growth slowed, sending its shares plunging in after-hours trading.  It is becoming obvious that advertising revenue is being driven more and more by booster sites that are paid to automatically click on ads but that provide no real customers for their click service.  Social media appears to be unaccountable and complacent when it comes to fraud and bad taste. Children have committed suicide over things that were posted about them.
 
Some Libertarians as well as some Liberals have addiction problems and support the legalization of drugs for the reason that they don’t want to be known as criminals.  Social media is starting to be taken over by Pot-heads now that the leftists and some addicted libertarians have gotten social drugs legalized in several states.  Buckley was such a bright Conservative but it was sad to watch his mind going at the end when he supported cocaine legalization. .  Twitter is becoming the drug communication channel of choice. 
 
The United Nations is not anti-gay, they just want known clergy child molesters to be reported by the Vatican so justice can be done and they can be removed and rehabilitated.  Also there would be more peace of mind if people were sure that child molesters cannot become or elect Popes.  And it is sad that The Guardian and many people think the previous Pope was locked up because he intended to clean out the molesters as the UN is trying to do.
 
 
Feb 06   Obama White House Press Secretary Jay Carney claims that 2.5 million Americans leaving the workforce and going on the dole due to socialized medicine was a good thing, because “they would no longer be “trapped in a job.”  American welfare and poverty has grown more under the socialist Obama Czars than under any previous American government. The CBO is predicting Obama’s Socialized medicine will cause 2.5 million people to choose to quit work and go on some type of welfare.  Welfare has been the biggest cause of poverty in America and the cause of 70% of welfare children being fatherless so they and the mother can be eligible for more welfare.  And now Obama’s socialized medicine’s health care subsidies will induce effectively the equivalent of another 2.5 million more people to quit working to become eligible for the new entitlements. 
http://www.forbes.com/sites/theapothecary/2014/02/05/white-house-its-a-good-thing-that-obamacare-will-drive-2-5-million-americans-out-of-the-workforce/
 
Companies added fewer workers than projected in January, a private report based on payrolls showed.  The 175,000 increase was the smallest in five months and followed a downward revised 227,000 reported in December when the socialist propaganda machine needed to claim the economy was the “best yet for Obama”.
 
The United Nations has condemned the Roman Catholic Church over policies that allowed priests to rape and molest tens of thousands of children around the world. The previous Pope Benedict the XVI had said that although homosexual orientation is not sinful, “it is a more or less strong tendency ordered toward an intrinsic moral evil; and thus the inclination itself must be seen as an objective disorder".  Shortly after he also suggested that the Vatican itself had the sex abuse problem up through the prelates.  He then resigned suddenly under apparent pressure.  It was the first such resignation of a living Pope in history.  The Guardian said, “Papal resignation linked to inquiry into 'Vatican gay officials'.   In other words the child molesters are now the controlling Bishops who select the Pope.   The Pope's staff declined to confirm or deny La Repubblica claims linking 'Vatileaks' affair and discovery of 'blackmailed gay clergy'.  It seems the gay Bishops are now powerful enough to fire a Pope.  But are they powerful enough to stop the UN and the world that is disgusted with the cover-up.  The Irish kicked most of the priests out and the formerly packed cathedrals are more than half empty there since the molestation was exposed. 
The churches in America such as the ELCA that have allowed gay bishops are now emptying out of young families that have children.
 
 
 
Feb 05  President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (the job czar which is supposed to help create jobs).  We told you at that time that Immelt was already the biggest job loser in the USA.  I guess the President forgot to tell him in which country he was supposed to be creating those jobs.  So Jeff Immelt is closing Wisconsin’s biggest employer, its 115-year-old  GE X-ray division and opening a new plant and office in China.  It has nothing though to do with Wisconsin electing a conservative Republican governor who might run for president, so Obama claims.  In addition to moving the headquarters, Jeff Immelt will invest $2 billion in China and train engineers to use US technology and create six research centers full of research staff. This is the same GE that made $5.1 billion in the United States last year, but paid no taxes - the same Jeff Immelt that employs more people overseas than it does in the United States.  Obama is thinking ahead.  China is poor and America is rich and every Marxist wants to redistribute the wealth to other Marxists because Marxists are generally unemployable everywhere.  Jack Welch the former president of GE was actually an American not someone from Europe, Asia, or Africa and Jack built GE up.  Now Obama is giving away American jobs and technology to poor and starving socialists at home and abroad.  Obama just doesn’t understand that free enterprise could create the jobs if the socialists let it and he doesn’t have to export American jobs.
 
World debt stands close to $55Trillion of which $17 Trillion is the USA’s debt. The USA GDP is now 16.2 Trillion. Therefore for the first time in history, the USA has more national debt than gross national income. Still the Obama deficit is increasing at about $550 billion per year. Now the Obama voters apparently think it means the national debt is decreasing. Obama supporters don’t realize that the deficit and the debt are different. The deficit is the annual shortfall and the debt is the sum of all the shortfalls.
 
The Obama/Holder administration has brought potheads out of the closets all over America. Heroine addiction has already doubled under their administration.  Obama is the first American president proud to admit he smoked pot.
 
Google now degrades the performance of the consumer’s search results to get them to upgrade more frequently.  The sabotage their competition that way.  That cannot be legal much less ethical. What is the Obama doing Justice Department doing about it? Nothing.
 
 
World Economies
 
Feb 07 Ukrainian socialist opposition activist Igor Lutsenko considers himself lucky. His fellow protester, Yuri Verbitsky, froze to death, unable to move when he was physically dumped a few kilometers away from civilization in arctic weather.
   
Feb 06   Air India diverted a Boeing Co. 787 Dreamliner to Kuala Lumpur as a precaution after the plane developed a software fault on a flight from Melbourne. No one was injured.
 
 
Feb 05   Europe’s investment bankers had the worst January since Obama entered politics. Dwindling income from deals and trading leaves investors cutting expenses and deflating the economy.
 
 
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=
 
 
Japan’s stock market appears to have topped and begun a new decline. It has declined since 1990 when it began Quantitative Easing.
http://in.finance.yahoo.com/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=
 
The Swiss market still 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
 
3D Systems (DDD) slashed its fourth-quarter guidance and unveiled a disappointing outlook for fiscal 2014, as the company plans to invest heavily in new products.
The Standard andPoors has cut Puerto Rico’s credit rating to junk. Standard andPoors accused Obama/Holder of harassment when Standard and Poors would not cave to their pressure to commit fraud and cheat world investors of responsible oversight. Obama/Holder sued to try to put Standard andPoors out of business.
 
Hiring was surprisingly weak in January for a second straight month.   Employers added 113,000 jobs, the government said Friday, and far fewer than the average monthly gain of 201,000 in the preceding three years.  And the 350,000 gains before the Obama/Holder administration.
Feb 7
Nonfarm Payrolls Jan 113K up from 75K still dismal ---
Nonfarm Private Payrolls Jan 142K up from 89K but less than half what is needed ---
Unemployment Rate Jan 6.6% down from 6.7% ---- as more people leave the work force
Hourly Earnings Jan 0.2% up from % 0.1%
Average Workweek Jan 34.4 constant 34.4Feb 05
ISM Index Jan 51.3 incredible drop from 57.0 ----
Construction Spending Dec 0.1% an incredible drop from 0.8% because Obama had them inflate last months number by 0.7%. It is pure Obama administration tampering and incompetence.
Feb 06
Challenger Job Cuts Jan 47.3% many more planned from hiring in Dec -5.9% ----
Initial Claims 02/01 331K down slightly from 348K. This is probably manipulated because workers are usually let go after the high sales season.
Continuing Claims 01/25 2964K slightly lower 2991K
Trade Balance Dec -$38.7B up from -$34.3B -
Productivity-Prel Q4 3.2% down from 3.6% ---
Unit Labor Costs Q4 -1.6% still cutting jobs -2.0%
Feb 4
Factory Orders Dec -1.5% a 3.3% drop from last month’s 1.8% Is that possible or is it because the Obama administration falsified last months data to make the last Quarter look better?
Feb 3
MBA Mortgage Index 02/01 0.4% makes on sense that it went up from -0.2% with the terrible weather in January and the Obama claimed “boom” in the last quarter. -
ADP Employment Change Jan 175K sharply lower from 238K ----
ISM Services Jan 54.0 up from 53.8 +
AM Crude Inventories 02/01 0.440M down from 6.421M  -
 
 
The Markets
Feb 7  Why has the stagnant American economy begun to stall in just five years of socialist confusion and economic interference?  America’s economy is being systematically destroyed. America’s economic numbers are now manipulated by the socialists the same as they do in Russia, China, and Argentina.  The Obama Banana Republic is Orwellian and Big Brother is watching us.  Orwell was right in his book “1984.” He predicted the socialist would even watch us through every television and Computer monitor we see because they can turn on the cameras in them whenever they want.
 
The socialist would have Americans believe that they are compassionate and protect the poor people but ultimately they slaughter everyone who does not work including all disabled children and adults, including drug addicts.  Churchill had it right, the Nazi think free enterprise is a cow to be milked to death while Communists see free enterprise as a cow to be slaughtered and eaten.  Churchill used the term horse but then we must remember that people still ate horses up through WWII.  Obama and Holden accomplish two goals when they attack Standard and Poors, banks, and investment firms.  First the reduce the credibility of Free Enterprise with false charges, second they milk the free enterprise cow and use fines to transfer wealth from wealth creators to the government wealth destroyer.  Third they harass anyone that sees through their mind control.  The American media used to show how Nazis and Communists use mind control even down to the nursery level.  But the leftist media in the USA is now becoming the tool of socialist mind control.  Read George Orwell’s book
 
Credit growth is now slowing.  "The days of getting rich quickly are over, and the days of getting rich slowly may be as well,"
 
The next downside resistance level is still down about 12% from this one.
 
World bulk trade is again at the Obama record low since he was elected. 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.

Look at the volatility index and you see that the market could fall much faster. This is not a good moment in time for holding equities other than depressed commodities.

World market updates:
http://finance.yahoo.com/intlindices?e=europe
http://finance.yahoo.com/intlindices?e=asia
 
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