Monday, June 23, 2014

June 27 The Supreme Court apparently doesn’t even know that the absurd new EPA request did not pass through Congress; it was totally an Obama executive decision. The Supreme Court said of the EPA limits, “Congress could not have intended such an “absurd result.”


Applying the law as written would penalized six million commercial and residential sources under just one program, subjecting them to expenses of more than $20,000 each plus annual maintenance expenses. The cost of that program would be $21 billion even affecting homeowners.

A second program affecting more than 80,000 commercial and residential homes and subject them to expenses averaging almost $60,000 each plus annual maintenance expenses, according to a decision under review, from the United States Court of Appeals for the District of Columbia Circuit.

The court raised the statutory emissions threshold to 100,000 tons per year, thus temporarily reaching far fewer Americans and will avoid an avalanche of homeowners voting in the coming elections. The Court said this was a permissible exercise of discretion and one subject to tightening over time.  It will cost jobs and bankrupt Americans more gradually that way so that it cannot be blamed on Obama.

 

The Congress is currently reviewing the Veterans Administration and is discovering the money for veterans is going to bonuses of incompetent and unethical Obama administration favorites.  There are VA bonuses as large as 25% per year for up to four consecutive years.  In addition the US President can give a 90% bonus per year to his special favorites that are funded separately.  In most American hospitals the wait for admission via a doctor is less than 3 days.  In the VA the stated goal is two weeks and the reality is more than half a year.  In the time it takes the average veteran to get admitted, a curable case such and a cancer can become incurable.  That is how it can be under Obamascare and it is an efficient way of getting rid of the people who need healthcare and Obamascare includes that as a cost reduction which indeed it is.  And almost any death can be blamed then on lifestyle choices and allow  Obama-Holder to make incompetent judgments on the health of foods and blackmail corporations for contributions or to suppress the truth as they did to Standard and Poor’s when they downgraded the American government financial situation.  Obama-Holder crooks have not put a single individual involved with the mortgage liar loan scandal in jail for defrauding their “Muppets” but instead they fine the stockholders who own the banks.

 

 Has anyone noticed that if they refuse to accept the continuous barrage of JAVA or Google Chrome updates that virus attacks drop almost to zero.  The problem then of course is that they then provide an inferior service than is worse than the one they updated.  There is a need for more competition to free users of dependence on Google and Java.  That being said, if Java or Google are complicit with virus attacks on the use of competitive products then they should be put out of business.  There is also a free trial Malewarebytes virus detector and remover on the internet that works for abandoned Microsoft XP and other customers.

 

The destruction of hard drives by the Obama Administration is reminiscent of the Whitehouse when President Clinton’s term was over.   There should be no secret or confidential information allowed on employee drives to begin with.  That is the reason the Obama appointed NSA administration leaked so many records.  Now all the drives of the IRS involved with harassing conservative organizations were recently wiped clean and destroyed under the guidance of the Obama-Holder Administration.  There is no accountability.

 

Bloomberg just announced, “The two-year-old U.S. housing recovery is faltering.”

 

As unemployment insurance begins to end for thousands of people in California many counties fall below the 10% unemployed figure.  Unfortunately the labor force also has declined as people give up on looking for work and join the Obama welfare state.


 

World Economy

 

The European Union discarded its attempt to cap greenhouse-gas emissions over the next 16 years as the bloc’s biggest economies decide it was stupid not to burn cheap coal when the old USSR and the old Mid East terrorists are being set free by Obama to destroy the oil fields.  The current leader of the terrorists was a former prisoner of Obama’s but was irresponsibly released.

 

The European FTSE is at the highs of 2000 and 2007 but MSNBC/PRAVDA is still saying buy-by-by.


 

If you look at Germany where the people have perhaps the strongest work ethic in the world, their stock market has topped out too but their trend is upward only because the dollar is continually weakening.


 

The French market is about 60% of what it was fourteen years ago. 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 because their Yen is dropping faster than the dollar.


 

The Swiss market still indicates stagnation since 2007. It has hit the highs of 2003 but could not make it to the highs of 2007. Obama has destroyed Swiss banking by attacking Swiss confidentiality that had protected people from the Hitlers and Stalins of the past.

http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=

 

American Economy

Jun 23

Existing Home Sales May 4.89M slightly up from 4.66M 

 

The Markets

June 23 

The stock market obviously is being manipulated.  That is made possible because the FED is still inflating the national balance sheet by $30billion per month, down from $80billion but still half of America’s trade deficit.  If they ever withdraw the money the effect will be very negative.

The stock market remains in the stratosphere on virtually non-existing buying and historically low hedging.  In the past hedging was a safety net for the market because it balanced the long and short side.  It allowed funds to profit in a balanced manner by selling the weak stocks in an industry short while buying the strong companies in the same industry.  Now the market is unbalanced.  The funds are also afraid to short or even hedge.

 

World trade is now down 60% for the year to date and at a 15 year low.  It is down 84% since 2007 before Obama.  Look at the last 1+ years of world trade! Use the graph or snapshot option. Unfortunately they do not show back to 2008 when world trade was more than five times higher than it is today.


 

 Look at the volatility index and you see that the market could fall much faster. This market has little volume or volatility.  So when volume picks up past history says the market will plunge.  This is not a good moment in time for holding equities.


 

 World market updates:

http://finance.yahoo.com/intlindices?e=europe

http://finance.yahoo.com/intlindices?e=asia http://in.finance.yahoo.com/intlindices?e=asia
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