China's news is good news, but is being misinterpreted by funds to try to kill the budding American economic recovery. Yes, they bet against the USA, China, and the EU and they are so obnoxious they think they can talk us into a double recession.
Hedge funds are spreading miss-information about China to try to unsettle markets that they shorted and are losing big on. WSJ reported that hedge funds already are down 6% because they shorted too late and the market is above the point they shorted. They will fail at their attempt to drive the markets down now. So take advantage of declines as a buying opportunity. When the hedge funds are forced to cover their shorts the world markets will surge.
Obama's wife compared to the clueless Marie Antoinette. Europe wonders how Obama's wife makes 5 times what European doctors make given her social ineptness. Could it be the grants she attracts for her employer come by using her position of corrupt influence on banana republic president obama? Honest politicians do not expose themselves to influence peddling. And we wan our American Republic back not the obama banana republic where taxes drive people to give up and go on welfare and vote for more socialists.
Personal income of Americans dropped everywhere in the USA last year with the exception of places with a high concentration of government workers. That is how socialism spreads. Government workers are part of the coalition obama is advancing. Never before have we been faced with a president advancing the causes of his coalition of leftist, trial lawyers, "community activists", the lazy, the incompetent, the illegal alien voters, drug abusers, the perverts, and government workers. And they would like to become the leftist majority that democratically approves the laws to allow them to legally steal from you the way Hitler stole from the wealthiest 2% in Germany. After Hitler stole their money he gassed the wealthiest 2% to try to get rid of the evidence. When he saw he was losing the war he accelerated the gassings but could not destroy all the evidence in time. Fascism is nationalistic socialism while communism is international socialism.
World Markets:
China continues to do the right things first. China has discovered the way Goldman Sucks and others cheat and lie on their balance sheets by moving bad loans to fictitious independent entities so they do not appear on the books and deceive people. Goldmansucks advised even Greece on how they could bend the rules and deceive the EU. But China sees that Goldman tactics truly suck and are the worst type of economic corruption that ultimately makes corporations into criminal organizations based on lies and deceit not ideas and productivity. Goldman Sucks sold their customers defective derivatives and then bet against their customers. That is like a Japanese car dealer selling cars that accelerate uncontrollably and taking out life insurance on the driver. Then collect upon the driver's death. That is how Goldman Sucks made most of their money… not on selling derivatives but on buying insurance that paid them when the derivatives collapsed.
That is why China is forcing Chinese banks to cover off-the-book loans to 150%. That will discourage hiding bad loans and expose corrupt and incompetent Chinese bankers who wish to imitate Goldman Sucks.
Chinese exports are surging and China needs to prevent an economic bubble. But it is false for hedge funds to say they are entering a slow down. The hedge funds are selling commodities now and making an incredibly bad mistake. One thing is absolutely certain… shortages are on the horizon. Now is the time to prepare for the shortages that always accompany inflation.
German exports also surged in Jun to pre-recession levels.
Economic Calendar
Friday was great:
All great news for the economy.
Nonfarm Payrolls Jul dropped much less. -131K vs. -221K last month. This includes government jobs. Good
Nonfarm Payrolls - Private employment in Jul increased 71K vs. 31K the previous month. Great
Unemployment Rate Jul remained at 9.5%. Doomsday hedge fund shorts wanted an increase. Good it is stabilizing so it can finally go down again.
Hourly Earnings Jul rose 0.2% vs. losing 0.1% the previous month. Good indication of hiring improving and wages stabilizing.
Average Workweek Jul increased to 34.2 vs. 34.1 last month. Good sign of economic pick-up.
Consumer Credit Jun decreased -1.3B vs. -5.7 last month indicating consumer spending may have finished bottoming.
Yesterday no reports
Today
Productivity-Prel Q2
Unit Labor Costs Q2
Wholesale Inventories Jun
FOMC Rate Decision Aug 10
This week:
Aug 11 8:30 AM Trade Balance Jun
Aug 11 10:30 AM Crude Inventories 08/07
Aug 11 2:00 PM Treasury Budget Jul
Aug 12 8:30 AM Initial Claims 08/07
Aug 12 8:30 AM Continuing Claims 07/31
Aug 12 8:30 AM Export Prices ex-ag. Jul
Aug 12 8:30 AM Import Prices ex-oil Jul
Aug 13 8:30 AM CPI Jul
Aug 13 8:30 AM Core CPI Jul
Aug 13 8:30 AM Retail Sales Jul
Aug 13 8:30 AM Retail Sales ex-auto Jul
Aug 13 9:55 AM Mich Sentiment Aug
Aug 13 10:00 AM Business Inventories Jun
Market Outlook Aug 10, 2010
The stock market's penetrated the 100-day moving average line and did not retreat. False negative market analysis is being propagated today possibly from the losing hedge funds that are about to be caught in a major short squeeze that will devastate many of them as they are forced to acknowledge their hidden losses. Commodities should be bought on weakness because they are the one profitable area that hedge funds must sell to raise money to unwind their losing bets in expectation of a double dip recession.
The Fed may further loosen credit today or at least indicate the possibility. A sharp advance later today is now probable. You know it is a breakout if it surges and does not retreat immediately.
We expect the primaries today will indicate that the leftists are going to be thrown out in November. That will cause an improving market through November.
The cash infusion from corporations is beginning to let loose a bull market and a fresh cash influx for acquisitions and expansion of the economy.
The American Markets held again and seem ready to surge and say recovery is under way. Hedge funds including Goldman Sucks have recently lost money betting against the economy and market strength.
Corporations have cash and are beginning to warm to acquisitions. Inflation looms and will make short term interest rates rise and short term debtors insolvent. They will be the big losers. Homeowners will be the big winners. Bondholders will be big losers and there will be bursts of money leaving bonds for stocks. Commodities will be the big gainers again.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in three forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. Thirdly, acquisitions will boost the markets and this will appear suddenly and be an upside propellant.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption still has people buying treasuries and not stocks. Socialist obama and his socialist in congress are attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
We expect a bigger rally to follow if the corrupt socialists are voted out of office in November. Then obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were down last night. Shanghai down -2.9%, Hong Kong up 0.6%, India down -0.4%, and Japan down -0.2%.
European markets are scattered in a range of about -0.6% to +0.6% this morning about half way through their day.
US pre-market futures are down about -1% this morning. We expect a recovery later in the day.
Tuesday, August 10, 2010
Monday, August 9, 2010
European Obama parade in Spain is criticized abroad. Obama's wife compared to the clueless Marie Antoinette.
European Obama parade in Spain is criticized abroad. Obama's wife compared to the clueless Marie Antoinette.
Europe wonders how Obama's wife makes 5 times what European doctors make given her social and technical ineptness. Could it be due to the grants she gets for her employer using her position of corrupt influence in Washington. Honest politicians do not expose themselves to influence peddling by family and friends.
World Markets:
The American Markets held and seem ready to surge and say recovery is under way. Hedge funds including GoldmanSucks have recently lost money betting against the economy and market strength. Goldman thinks there is nothing wrong with selling lemons to their customers. Many customers are suing for damages. Goldmansucks also seems to have been betting against American investors but is losing money this time trying to cripple the markets again.
Corporations have cash and are beginning to warm to acquisitions.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in three forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. Thirdly, acquisitions will boost the markets and this will appear suddenly and be an upside propellant.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Early Last week was good
Factory Orders Jun declined -1.2% an improvement from -1.8% last month. This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Aug 5 8:30 AM Continuing Claims 07/24 dropped to 4537 from 4571, good news
Aug 5 8:30 AM Initial Claims 07/31 rose to 479 from 460 not good. But unemployment lags and with socialists in power more people actually like to go on the dole and relax and be happy. If you want to know what Obama sees for the future of America look where he comes from: Indonesia and Nigeria two islamic socialist states rulled by incompetence and corruption. You can also look close to home to Cuba and Haiti where incompetence and socialist stupidity are hallmarks of Obamacare type medical systems. There they have dropouts as doctors because all the intelligent students fled those countries.
Friday was better:
All great news for the economy.
Nonfarm Payrolls Jul dropped much less. -131K vs. -221K last month. This includes government jobs. Good
Nonfarm Payrolls - Private employment in Jul increased 71K vs. 31K the previous month. Great
Unemployment Rate Jul remained at 9.5%. Doomsday hedge fund shorts wanted an increase. Good it is stabilizing so it can finally go down again.
Hourly Earnings Jul rose 0.2% vs. losing 0.1% the previous month. Good indication of hiring improving and wages stabilizing.
Average Workweek Jul increased to 34.2 vs. 34.1 last month. Good sign of economic pick-up.
Consumer Credit Jun decreased -1.3B vs. -5.7 last month indicating consumer spending may have finished bottoming.
Today no reports
This week:
Aug 10 8:30 AM Productivity-Prel Q2
Aug 10 8:30 AM Unit Labor Costs Q2
Aug 10 10:00 AM Wholesale Inventories Jun
Aug 10 2:15 PM FOMC Rate Decision Aug 10
Aug 11 8:30 AM Trade Balance Jun
Aug 11 10:30 AM Crude Inventories 08/07
Aug 11 2:00 PM Treasury Budget Jul
Aug 12 8:30 AM Initial Claims 08/07
Aug 12 8:30 AM Continuing Claims 07/31
Aug 12 8:30 AM Export Prices ex-ag. Jul
Aug 12 8:30 AM Import Prices ex-oil Jul
Aug 13 8:30 AM CPI Jul
Aug 13 8:30 AM Core CPI Jul
Aug 13 8:30 AM Retail Sales Jul
Aug 13 8:30 AM Retail Sales ex-auto Jul
Aug 13 9:55 AM Mich Sentiment Aug
Aug 13 10:00 AM Business Inventories Jun
Market Outlook Aug 9, 2010
The stock market's penetrated the 100-day moving average line and did not retreat.
A breakout today is now probable. You know it is a breakout if it surges and does not retreat immediately.
The cash infusion from corporations will soon let loose a bull market and a fresh cash influx for acquisitions and expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up last night. Shanghai up 0.5%, Hong Kong up 0.6%, India up 0.8%, Seoul up 0.4%, Taiwan up 0.9 and Japan down -0.7%.
European markets are up in a range of about 1.3% to 1.6% this morning about half way through their day.
US pre-market futures are up about 0.4% this morning.
Europe wonders how Obama's wife makes 5 times what European doctors make given her social and technical ineptness. Could it be due to the grants she gets for her employer using her position of corrupt influence in Washington. Honest politicians do not expose themselves to influence peddling by family and friends.
World Markets:
The American Markets held and seem ready to surge and say recovery is under way. Hedge funds including GoldmanSucks have recently lost money betting against the economy and market strength. Goldman thinks there is nothing wrong with selling lemons to their customers. Many customers are suing for damages. Goldmansucks also seems to have been betting against American investors but is losing money this time trying to cripple the markets again.
Corporations have cash and are beginning to warm to acquisitions.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in three forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. Thirdly, acquisitions will boost the markets and this will appear suddenly and be an upside propellant.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Early Last week was good
Factory Orders Jun declined -1.2% an improvement from -1.8% last month. This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Aug 5 8:30 AM Continuing Claims 07/24 dropped to 4537 from 4571, good news
Aug 5 8:30 AM Initial Claims 07/31 rose to 479 from 460 not good. But unemployment lags and with socialists in power more people actually like to go on the dole and relax and be happy. If you want to know what Obama sees for the future of America look where he comes from: Indonesia and Nigeria two islamic socialist states rulled by incompetence and corruption. You can also look close to home to Cuba and Haiti where incompetence and socialist stupidity are hallmarks of Obamacare type medical systems. There they have dropouts as doctors because all the intelligent students fled those countries.
Friday was better:
All great news for the economy.
Nonfarm Payrolls Jul dropped much less. -131K vs. -221K last month. This includes government jobs. Good
Nonfarm Payrolls - Private employment in Jul increased 71K vs. 31K the previous month. Great
Unemployment Rate Jul remained at 9.5%. Doomsday hedge fund shorts wanted an increase. Good it is stabilizing so it can finally go down again.
Hourly Earnings Jul rose 0.2% vs. losing 0.1% the previous month. Good indication of hiring improving and wages stabilizing.
Average Workweek Jul increased to 34.2 vs. 34.1 last month. Good sign of economic pick-up.
Consumer Credit Jun decreased -1.3B vs. -5.7 last month indicating consumer spending may have finished bottoming.
Today no reports
This week:
Aug 10 8:30 AM Productivity-Prel Q2
Aug 10 8:30 AM Unit Labor Costs Q2
Aug 10 10:00 AM Wholesale Inventories Jun
Aug 10 2:15 PM FOMC Rate Decision Aug 10
Aug 11 8:30 AM Trade Balance Jun
Aug 11 10:30 AM Crude Inventories 08/07
Aug 11 2:00 PM Treasury Budget Jul
Aug 12 8:30 AM Initial Claims 08/07
Aug 12 8:30 AM Continuing Claims 07/31
Aug 12 8:30 AM Export Prices ex-ag. Jul
Aug 12 8:30 AM Import Prices ex-oil Jul
Aug 13 8:30 AM CPI Jul
Aug 13 8:30 AM Core CPI Jul
Aug 13 8:30 AM Retail Sales Jul
Aug 13 8:30 AM Retail Sales ex-auto Jul
Aug 13 9:55 AM Mich Sentiment Aug
Aug 13 10:00 AM Business Inventories Jun
Market Outlook Aug 9, 2010
The stock market's penetrated the 100-day moving average line and did not retreat.
A breakout today is now probable. You know it is a breakout if it surges and does not retreat immediately.
The cash infusion from corporations will soon let loose a bull market and a fresh cash influx for acquisitions and expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up last night. Shanghai up 0.5%, Hong Kong up 0.6%, India up 0.8%, Seoul up 0.4%, Taiwan up 0.9 and Japan down -0.7%.
European markets are up in a range of about 1.3% to 1.6% this morning about half way through their day.
US pre-market futures are up about 0.4% this morning.
Friday, August 6, 2010
The markets are optimistic the American socialist will be thrown out come November.
The markets are optimistic the American socialist will be thrown out come November.
Obama is surrounded by corruption and institutionalized bigotry against successful hard working intelligent people, be they black, yellow, or white. Have you ever noticed that they don't support smart hard workers like Condelessa Rice either? This is the battle of the corrupt and lazy socialists who want to rule and rob everyone who is intelligent and productive.
The congressional black caucus is now threatening anyone in congress who supports the ethics committee in rooting out corruption with being labeled a racist and having their black voters support his or her opponents. Like what? They gonna support a tea party candidate? Go fish.
To see how democrat-socialists take something that works and make it hideous See: http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folk farmers. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers? Obama shows insensitivity to Americans who think corruption in government is disgusting.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable since Obama took office. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by giving federal aid to firms her husband invests in. She sees nothing wrong with that.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego. Nothing wrong with that… duh.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer. Must be Bush made him do it.
Most of our taxpayer money goes to the "blue" states that vote these corrupt people into office. They get the billions to stimulate government workers who would otherwise prefer to sleep while private sector people who want to actually produce something get an unemployment check for sitting on their duffs like government workers and incompetent teachers like they just fired in DC. Those socialist teachers are such misfits they permanently damage the children and encourage them to go on the dole with a union or government job.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
World Markets:
The American Markets seem ready to surge and say recovery is under way.
Japan says China is crippling the Japanese economy by buying yen so Japan cannot undercut the USA like they had been doing for sixty years. China is doing it to the USA too. It comes at a great cost because China will become brain dead as the Japanese have… because when they manipulate market forces they forget what is real and how to compete.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Yesterday
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Today
Aug 5 8:30 AM Continuing Claims 07/24 dropped to 4537 from 4571, good news
Aug 5 8:30 AM Initial Claims 07/31 rose to 479 from 460 not good. But unemployment lags and with socialists in power more people actually like to go on the dole and relax and be happy. If you want to know what Obama sees for the future of America look where he comes from: Indonesia and Nigeria two islamic socialist states rulled by incompetence and corruption. You can also look close to home to Cuba and Haiti where incompetence and socialist stupidity are hallmarks of Obamacare type medical systems. There they have dropouts as doctors because all the intelligent students fled those countries.
This week:
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 6, 2010
The stock market's upward penetration of the 100-day moving average line did not retreat.
A breakout today is now more probable. You know it is a breakout if it surges and does not retreat immediately.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were flat last night. Shanghai up 1.5%, Hong Kong up 0.6%, India down -0.2%, and Japan down -0.1%.
European markets are up in a range of about 0.3% to 0.6% this morning about half way through their day.
US pre-market futures are up about 0.2% this morning.
Obama is surrounded by corruption and institutionalized bigotry against successful hard working intelligent people, be they black, yellow, or white. Have you ever noticed that they don't support smart hard workers like Condelessa Rice either? This is the battle of the corrupt and lazy socialists who want to rule and rob everyone who is intelligent and productive.
The congressional black caucus is now threatening anyone in congress who supports the ethics committee in rooting out corruption with being labeled a racist and having their black voters support his or her opponents. Like what? They gonna support a tea party candidate? Go fish.
To see how democrat-socialists take something that works and make it hideous See: http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folk farmers. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers? Obama shows insensitivity to Americans who think corruption in government is disgusting.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable since Obama took office. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by giving federal aid to firms her husband invests in. She sees nothing wrong with that.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego. Nothing wrong with that… duh.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer. Must be Bush made him do it.
Most of our taxpayer money goes to the "blue" states that vote these corrupt people into office. They get the billions to stimulate government workers who would otherwise prefer to sleep while private sector people who want to actually produce something get an unemployment check for sitting on their duffs like government workers and incompetent teachers like they just fired in DC. Those socialist teachers are such misfits they permanently damage the children and encourage them to go on the dole with a union or government job.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
World Markets:
The American Markets seem ready to surge and say recovery is under way.
Japan says China is crippling the Japanese economy by buying yen so Japan cannot undercut the USA like they had been doing for sixty years. China is doing it to the USA too. It comes at a great cost because China will become brain dead as the Japanese have… because when they manipulate market forces they forget what is real and how to compete.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Yesterday
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Today
Aug 5 8:30 AM Continuing Claims 07/24 dropped to 4537 from 4571, good news
Aug 5 8:30 AM Initial Claims 07/31 rose to 479 from 460 not good. But unemployment lags and with socialists in power more people actually like to go on the dole and relax and be happy. If you want to know what Obama sees for the future of America look where he comes from: Indonesia and Nigeria two islamic socialist states rulled by incompetence and corruption. You can also look close to home to Cuba and Haiti where incompetence and socialist stupidity are hallmarks of Obamacare type medical systems. There they have dropouts as doctors because all the intelligent students fled those countries.
This week:
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 6, 2010
The stock market's upward penetration of the 100-day moving average line did not retreat.
A breakout today is now more probable. You know it is a breakout if it surges and does not retreat immediately.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were flat last night. Shanghai up 1.5%, Hong Kong up 0.6%, India down -0.2%, and Japan down -0.1%.
European markets are up in a range of about 0.3% to 0.6% this morning about half way through their day.
US pre-market futures are up about 0.2% this morning.
Thursday, August 5, 2010
Obama is surrounded by corruption and institutionalized bigotry against successful hard working intelligent people, be they black, yellow, or white.
Obama is surrounded by corruption and institutionalized bigotry against successful hard working intelligent people, be they black, yellow, or white. Have you ever noticed that they don't support smart hard workers like Condelessa Rice either? This is the battle of the corrupt and lazy socialists who want to rule and rob everyone who is intelligent and productive.
The congressional black caucus is now threatening anyone in congress who supports the ethics committee in rooting out corruption with being labeled a racist and having their black voters support his or her opponents. Like what? They gonna support a tea party candidate? Go fish.
To see how democrat-socialists take something that works and make it hideous See: http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folk farmers. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers? Obama shows insensitivity to Americans who think corruption in government is disgusting.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable since Obama took office. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by giving federal aid to firms her husband invests in. She sees nothing wrong with that.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego. Nothing wrong with that… duh.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer. Must be Bush made him do it.
Most of our taxpayer money goes to the "blue" states that vote these corrupt people into office. They get the billions to stimulate government workers who would otherwise prefer to sleep while private sector people who want to actually produce something get an unemployment check for sitting on their duffs like government workers and incompetent teachers like they just fired in DC. Those socialist teachers are such misfits they permanently damage the children and encourage them to go on the dole with a union or government job.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
World Markets:
Japan says China is crippling the Japanese economy by buying yen so Japan cannot undercut the USA like they had been doing for sixty years. China is doing it to the USA too. It comes at a great cost because China will become brain dead as the Japanese have… because when they manipulate market forces they forget what is real and how to compete.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Yesterday
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Today
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
This week:
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 5, 2010
The stock market's upward penetration of the 100-day moving average line did not retreat.
A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were flat last night. Shanghai down -0.7%, Hong Kong 0%, India down -0.4%, and Japan up 1.7%.
European markets are up in a range of about 0.5% to 1.0% this morning about half way through their day.
US pre-market futures are flat at about 0% to 0.3% this morning.
The congressional black caucus is now threatening anyone in congress who supports the ethics committee in rooting out corruption with being labeled a racist and having their black voters support his or her opponents. Like what? They gonna support a tea party candidate? Go fish.
To see how democrat-socialists take something that works and make it hideous See: http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folk farmers. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers? Obama shows insensitivity to Americans who think corruption in government is disgusting.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable since Obama took office. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by giving federal aid to firms her husband invests in. She sees nothing wrong with that.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego. Nothing wrong with that… duh.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer. Must be Bush made him do it.
Most of our taxpayer money goes to the "blue" states that vote these corrupt people into office. They get the billions to stimulate government workers who would otherwise prefer to sleep while private sector people who want to actually produce something get an unemployment check for sitting on their duffs like government workers and incompetent teachers like they just fired in DC. Those socialist teachers are such misfits they permanently damage the children and encourage them to go on the dole with a union or government job.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
World Markets:
Japan says China is crippling the Japanese economy by buying yen so Japan cannot undercut the USA like they had been doing for sixty years. China is doing it to the USA too. It comes at a great cost because China will become brain dead as the Japanese have… because when they manipulate market forces they forget what is real and how to compete.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Yesterday
ADP Employment Change Jul at 42K vs. 13K last month for new private sector jobs created
ISM Services Jul up to 54.3 from 53.8 last month i.e. progress.
Crude Inventories 07/31 at 2.8M from 7.3M last week
Today
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
This week:
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 5, 2010
The stock market's upward penetration of the 100-day moving average line did not retreat.
A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were flat last night. Shanghai down -0.7%, Hong Kong 0%, India down -0.4%, and Japan up 1.7%.
European markets are up in a range of about 0.5% to 1.0% this morning about half way through their day.
US pre-market futures are flat at about 0% to 0.3% this morning.
Wednesday, August 4, 2010
Reparations to pigford-v-glickman thought to be corruption initiated by Obama.
Reparations to pigford-v-glickman thought to be corruption initiated by Obama.
Steve Wynn. Recently took on the Obama socialist regime's loony government takeover plans. Some of you know him to be a Multi Billionaire, Hotelier and Real Estate Investor. He's been a guest from time to time on all the network financial news programs. See
http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folks. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers?
Obama shows insensitivity to Americans who think corruption in government is disgusting and inappropriate for a president.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer.
Most of the Washington's taxpayer money goes to the "blue" states that vote these corrupt people into office.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
Jackie Selebi, South Africa’s former police chief and a one-time president of Interpol, was sentenced to 15 years in prison by the country’s High Court following his conviction on corruption charges. First he was given authority through world affirmative action even though he is incompetent and corrupt. Judge Meyer Joffe told Selebi in delivering the sentence in Johannesburg today. “You must have been an embarrassment to all right-thinking citizens of this country. I am satisfied that a sentence of 15 years is an appropriate sentence.” He stole several $100,000s and the corrupt judge only set his bail at less than $3000, so no doubt he will jump bsil and go into hiding. South Africa is now a corrupt and dangerous place to visit.
Karzai retaliates against the international Afgan anticorruption group after they used the courts to investigate and arrest a top Karzai aid for taking bribes. Karzai blames the western corporations for offering the bribe that happens to be the cost of doing any business with Karzai. If you want to do business then you must pay the bribe and keep your mouth shut or you could have an accident.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Today
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
This week:
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 4, 2010
The stock markets penetrated the 100-day moving average line and did not retreat yet.
Soon we will know if we start the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up slightly last night. Shanghai up 0.5%, Hong Kong up 0.4%, India up 0.6%, and Japan down -2.1%.
European markets are down in a range of about -0.6% to 0% this morning about half way through their day.
US pre-market futures are flat at about -0.2% this morning.
Steve Wynn. Recently took on the Obama socialist regime's loony government takeover plans. Some of you know him to be a Multi Billionaire, Hotelier and Real Estate Investor. He's been a guest from time to time on all the network financial news programs. See
http://www.infowars.com/steve-wynn-takes-on-washington
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
Criminal socialists run Washington. Shirley Sherrod admitted she in the USDA discriminated in favor of African- Americans and against rich white folks. Yet Obama as Senator got nothing for the whites the USDA discriminated against but instead got an extra $1.25 billion for 86000 afro-farmers when America only has 39697 afro-farmers?
Obama shows insensitivity to Americans who think corruption in government is disgusting and inappropriate for a president.
http://pajamasmedia.com/zombie/2010/07/27/pigford-v-glickman-86000-claims-from-39697-total-farmers/?singlepage=true
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untraceable. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer.
Most of the Washington's taxpayer money goes to the "blue" states that vote these corrupt people into office.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
Jackie Selebi, South Africa’s former police chief and a one-time president of Interpol, was sentenced to 15 years in prison by the country’s High Court following his conviction on corruption charges. First he was given authority through world affirmative action even though he is incompetent and corrupt. Judge Meyer Joffe told Selebi in delivering the sentence in Johannesburg today. “You must have been an embarrassment to all right-thinking citizens of this country. I am satisfied that a sentence of 15 years is an appropriate sentence.” He stole several $100,000s and the corrupt judge only set his bail at less than $3000, so no doubt he will jump bsil and go into hiding. South Africa is now a corrupt and dangerous place to visit.
Karzai retaliates against the international Afgan anticorruption group after they used the courts to investigate and arrest a top Karzai aid for taking bribes. Karzai blames the western corporations for offering the bribe that happens to be the cost of doing any business with Karzai. If you want to do business then you must pay the bribe and keep your mouth shut or you could have an accident.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism and corruption has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. The US government already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good see:
http://www.martincapital.com/chart-pgs/Pg_ism.htm
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Personal Income Jun did not increase and Personal Spending Jun decreased 0.1%.
PCE Prices - Core Jun did not change
Factory Orders Jun declined -1.2% an improvement from -1.8% last month This is good, see:
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Pending Home Sales Jun declined 2.6% an improvement from -30% last month after the tax credit vanished
Auto Sales Jul improved about 10% but not final
PM Truck Sales Jul about 10% but not final
Today
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
This week:
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 4, 2010
The stock markets penetrated the 100-day moving average line and did not retreat yet.
Soon we will know if we start the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up slightly last night. Shanghai up 0.5%, Hong Kong up 0.4%, India up 0.6%, and Japan down -2.1%.
European markets are down in a range of about -0.6% to 0% this morning about half way through their day.
US pre-market futures are flat at about -0.2% this morning.
Tuesday, August 3, 2010
Criminal socialists run Washington.
Criminal socialists run Washington. They redistribute wealth from red to blue states and from productive people to people with no work ethic.
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untrackable. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer.
Most of the Washington's taxpayer money goes to the "blue" states that vote these corrupt people into office.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
China markets stock recovered 11% thus far from June lows. European and American markets penetrate the upper resistance levels but will they stay there?
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Today
Aug 3 8:30 AM Personal Income Jun
Aug 3 8:30 AM Personal Spending Jun
Aug 3 8:30 AM PCE Prices - Core Jun
Aug 3 10:00 AM Factory Orders Jun
Aug 3 10:00 AM Pending Home Sales Jun
Aug 3 2:00 PM Auto Sales Jul
Aug 3 2:00 PM Truck Sales Jul
This week:
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 3, 2010
The stock markets penetrated the 100-day moving average line where investors need to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up slightly last night. Shanghai down -1.7%, Hong Kong up 0.2%, India up 0.2%, and Japan up 1.2%.
European markets are flat in a range of about -0.5% to 0.2% this morning about half way through their day.
US pre-market futures are flat at about -0.1% this morning.
Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
That is true also of the democrat-socialists. Obama is the first person ever to call a recession a depression in order to panic the financial markets and win an election. His partner Barney Frank forced banks to "help" minority neighborhoods by giving them mortgages even when they had no work ethic and were on the dole.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untrackable. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank if the father of wealth redistribution to criminals who defraud Americans by lying and saying they have the means to afford government backed home mortgages. Barney ran the biggest corrupt scam from his Washington office and brought down the American economy with the help of Obama crying that it’s a Great Depression, the sky is falling."
Representative Charlie Rangle's only charity is himself. He pressures firms to make contributions to a monument to his ego.
Socialist-Democrat Obama builds family wealth by favoring his wife's employer.
Most of the Washington's taxpayer money goes to the "blue" states that vote these corrupt people into office.
Now every socialist blames Bush for the results of their own corrupt activities. Ever notice how criminals never take responsibility for the decisions they make and the problems their actions caused.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Barney Frank corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37,500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
China markets stock recovered 11% thus far from June lows. European and American markets penetrate the upper resistance levels but will they stay there?
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Construction Spending Jun increased 0.1% after decreasing -0.2% last month. And home prices are rising to boot.
ISM Index Jul fell to 55.5 from 56.2. Anything over 50 means manufacturing is continuing to expand.
Today
Aug 3 8:30 AM Personal Income Jun
Aug 3 8:30 AM Personal Spending Jun
Aug 3 8:30 AM PCE Prices - Core Jun
Aug 3 10:00 AM Factory Orders Jun
Aug 3 10:00 AM Pending Home Sales Jun
Aug 3 2:00 PM Auto Sales Jul
Aug 3 2:00 PM Truck Sales Jul
This week:
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 3, 2010
The stock markets penetrated the 100-day moving average line where investors need to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable. You know it is a breakout if it does not retreat immediately.
Fed Chairman Bernanke plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs. State and federal government job cuts are needed and no new taxes.
World Markets
Asian markets were up slightly last night. Shanghai down -1.7%, Hong Kong up 0.2%, India up 0.2%, and Japan up 1.2%.
European markets are flat in a range of about -0.5% to 0.2% this morning about half way through their day.
US pre-market futures are flat at about -0.1% this morning.
Monday, August 2, 2010
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before.
Obama corrupt socialist Chicago politics brings national political corruption to new highs never seen in America before. Trillions of dollars are virtually untrackable. There is no place the public can go to see who is getting federal dollars and who is paying it back.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank's charity is himself. He pressures firms to make contributions to a monument to his ego.
Democrat Obama builds family wealth by favoring his wife's employer.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Representative Charlie Rangle's corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
China markets stock recovered 11% thus far from June lows.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week and made July the best month this year.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
Case-Shiller 20-city Index May improved 4.1% from 3.8%
Consumer Confidence Jul flat at 50.2 from 52.9
Initial Claims 07/24 dropped from 468K to 457K, still high.
Continuing Claims 07/17 Continuing claims rose to 4565K, they need to stop extending unemployment. It is now up to about 115 weeks.
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Today
Aug 2 10:00 AM Construction Spending Jun
Aug 2 10:00 AM ISM Index Jul
This week:
Aug 3 8:30 AM Personal Income Jun
Aug 3 8:30 AM Personal Spending Jun
Aug 3 8:30 AM PCE Prices - Core Jun
Aug 3 10:00 AM Factory Orders Jun
Aug 3 10:00 AM Pending Home Sales Jun
Aug 3 2:00 PM Auto Sales Jul
Aug 3 2:00 PM Truck Sales Jul
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 2, 2010
The stock markets are approaching the 100-day moving average line where investors need to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about an 85% chance that things get better when he is down on the economy. He plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were up last night. Shanghai up 1.3%, Hong Kong up 1.8%, India up 1.2%, and Japan up 0.4%.
European markets are up in a range of about 1.5% to 2% this morning about half way through their day.
US pre-market futures are up at about 1.2% this morning.
Representative Maxine Waters (D-CA) builds wealth by aiding firms her husband invests in.
Democrat Barney Frank's charity is himself. He pressures firms to make contributions to a monument to his ego.
Democrat Obama builds family wealth by favoring his wife's employer.
http://www.crewsmostcorrupt.org/summaries/mwaters.php
Representative Charlie Rangle's corruption disgusts Americans just a $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It costs Americans $2Million/year to get his clerk wife a salary of $375000 per year. Clerks usually get about $37500 per year but they gave her a big title too.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
Bernacke to loosen American credit further to avoid a slowdown.
World Markets:
China markets stock recovered 11% thus far from June lows.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week and made July the best month this year.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
Case-Shiller 20-city Index May improved 4.1% from 3.8%
Consumer Confidence Jul flat at 50.2 from 52.9
Initial Claims 07/24 dropped from 468K to 457K, still high.
Continuing Claims 07/17 Continuing claims rose to 4565K, they need to stop extending unemployment. It is now up to about 115 weeks.
GDP-Adv. Q2 +2.4% good, it is anti deflationary.
Chain Deflator-Adv. Q2 +1.8% good it is anti deflationary or good
Employment Cost Index Q2 dropped from 0.6% to 0.5%, good
Chicago PMI Jul rose from 59.1 to 62.3 which is good
U Michigan Sentiment - Final Jul rose to 67.8 from 66.5, good
Today
Aug 2 10:00 AM Construction Spending Jun
Aug 2 10:00 AM ISM Index Jul
This week:
Aug 3 8:30 AM Personal Income Jun
Aug 3 8:30 AM Personal Spending Jun
Aug 3 8:30 AM PCE Prices - Core Jun
Aug 3 10:00 AM Factory Orders Jun
Aug 3 10:00 AM Pending Home Sales Jun
Aug 3 2:00 PM Auto Sales Jul
Aug 3 2:00 PM Truck Sales Jul
Aug 4 8:15 AM ADP Employment Change Jul
Aug 4 10:00 AM ISM Services Jul
Aug 4 10:30 AM Crude Inventories 07/31
Aug 5 8:30 AM Continuing Claims 07/24
Aug 5 8:30 AM Initial Claims 07/31
Aug 6 8:30 AM Nonfarm Payrolls Jul
Aug 6 8:30 AM Nonfarm Payrolls - Private Jul
Aug 6 8:30 AM Unemployment Rate Jul
Aug 6 8:30 AM Hourly Earnings Jul
Aug 6 8:30 AM Average Workweek Jul
Aug 6 3:00 PM Consumer Credit Jun
Market Outlook Aug 2, 2010
The stock markets are approaching the 100-day moving average line where investors need to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building. A breakout this week is now more probable.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about an 85% chance that things get better when he is down on the economy. He plans to loosen credit more even though there is no double dip.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were up last night. Shanghai up 1.3%, Hong Kong up 1.8%, India up 1.2%, and Japan up 0.4%.
European markets are up in a range of about 1.5% to 2% this morning about half way through their day.
US pre-market futures are up at about 1.2% this morning.
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