Currency speculation is soaring as hedge funds move away from shorting stocks. Stocks poised to soar.
Unfortunately people who lack a work ethic tend to live in places where they don't have to do much work for shelter or to keep from freezing in the winter. They don't like the cold where the lazy freeze to death. They only migrate to colder climates when there are liberal/progressive dominated Christian countries willing to furnish them with food and shelter and an unearned income. This is the primary reason for the immigration problems in the USA and Western Europe. You don't see them migrating to communist countries or theocratic Moslem states. Americans do not owe socialist-liberal/progressive-union-lazy-state/federal government workers, indigents, and perverts a life. They need to create a life of their own.
World Markets:
The world markets including China are continuing to take their cues from the USA. US down, Asia down. That is because the USA is the major innovator and buyer of finished products.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics primarily for propaganda.
So far this week:
Personal Income Jul increased 0.2% after no improvement the last month
Personal Spending Jul increased 0.4% after no change last month
PCE Prices - Core Jul prices increased 0.1% which is also good as it is not deflation.
All good news but market was down 1.4%
Yesterday
Case-Shiller 20-city house price Index Jun rose 4.2% after rising 4.6% in April… good news. It is believed prices have since weakened. Prices had declined as much as 32% and are now down 28% from their peak.
Chicago PMI Aug declined to 57 from 63 still in positive territory for manufacturing… good news
Consumer Confidence in Aug rose to 53.5 from 50.4 in July… good news.
Minutes of FOMC Meeting 08/10 indicated a higher risk of Japanese type deflation so they bought more worthless bank assets which is equivalent to printing more money to re-inflate.
Today
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
This week
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug
Market Outlook Sept 1, 2010
The market rose yesterday on a surge with a 38.4% surge in volume bringing volume well above average (100 DMA). It was a sign that bargain hunting prevented a further decline. The market averages look like a double bottom formation, which is good because the recent lows, held.
This leftist government must be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse the arrogant unconstitutional redistribution of wealth and obamacare because the socialists will claim they have a mandate to continue.
World Markets
Asian markets were up last night. Shanghai down -0.6%, Hong Kong up 0.4%, India up 1.3%, and Japan up 1.2% on good economic news from China.
European markets are up sharply in a range of about 1.2% to 1.8% this morning about half way through their day.
US pre-market futures are up in the range 0.7% to 1.2% this morning at 7:30 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.
Wednesday, September 1, 2010
Tuesday, August 31, 2010
Obama shames the USA again taking his international socialist anti-USA politics to the world court.
Obama shames the USA again taking his international socialist anti-USA politics to the world court.
Socialists are not as virulent as international socialists (communist idealists) are who believe in international displays of their mock justice. Obama yesterday had Hilary take the Arizona illegal alien law to the UN for review as potentially a human rights violation. Obama is also abusing his authority by persecuting Arizona law enforcement for making their male prisoners work in pink prison clothes. Obama is disgracing the USA with his sinister clown behavior. He does not have any copy of his original USA birth certificate because there is none. All he has is a modern facsimile that Hawaii issued long after his birth and college records that prove he is a felon either for claiming to be an American or for falsifying his foreign citizenship to get foreign student financial assistance to a US university. When Obama is thrown out of office he needs to be investigated and have all his "secret" documents put on Wikipedia the way the lunatic left likes to do things. If he has nothing to hide he would just make these records public and not say he "can't walk around with them pasted on his head."
Obama did not get smart yet and fire his leftist lunatic left fringe economic advisors. Yesterday Obama blamed Republicans again for his own ineffectiveness. Obama has become an economic distraction not an aid. Some would say his continuous blaming of others and never taking responsibility is just more clowning around. Obama, the sinister clown, running a government is an unsettling thought.
Several hundred thousand Americans gathered in Washington Sunday to protest the leftist Obama administration's erosions of American liberties with his redistribution of income from earners to primarily people of Obama's own race. Obama is a racist as we can see his redistribution breakdown is racist. If we elected a white man from Alabama and he gave a disproportionate portion of $trillion to white folk would not he be declared a racist?
Unfortunately people who lack a work ethic tend to live in places where they don't have to do much work for shelter or to keep from freezing in the winter. They don't like the cold where the lazy freeze to death. They only migrate to colder climates when there are liberal/progressive dominated Christian countries willing to furnish them with food and shelter and an unearned income. This is the primary reason for the immigration problems in the USA and Western Europe. You don't see them migrating to communist countries or theocratic Moslem states. Americans do not owe socialist-liberal/progressive-union-lazy-state/federal government workers, indigents, and perverts a life. They need to create a life of their own.
World Markets:
The world markets including China are continuing to take their cues from the USA. US down, Asia down. That is because the USA is the major innovator and buyer of finished products.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda.
Last week:
Biden was out telling people the recession is over just as another half million Americans lost their jobs! The second quarter GDP growth estimate was lowered from 2.4% to 1.6%. The original first manipulated Obama number was over 3% more than twice the original number. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. The deflator was increased to 1.9%. That implies the growth was all from price inflation. In fact there may have been a 0.1% contraction in the second quarter. GE/MSNBC/Pravda did not report the contraction because that would show that giving the $1Trillion to bail out union and government worker pensions, to provide pretend-work green jobs, and to give thousands to welfare indigents and housing grants primarily to people of Obama's race… all failed to stimulate the economy one iota.
Yesterday
Personal Income Jul increased 0.2% after no improvement the last month
Personal Spending Jul increased 0.4% after no change last month
PCE Prices - Core Jul prices increased 0.1% which is also good as it is not deflation.
All good news but market was down 1.4%
Today
Aug 31 9:00 AM Case-Shiller 20-city Index Jun
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Consumer Confidence Aug
Aug 31 2:00 PM Minutes of FOMC Meeting 08/10 - -
This week
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug
Market Outlook Aug 31, 2010
The market declined yesterday on the lowest volume I have seen in years except for holidays. It was 30% lower than this year's already low volume. It takes very little money to move this market now. Wall Street is learning a lesson that no regulations could ever teach them. Abusing your customers by betting against them is guaranteed to drive customers away.
On the positive side, when this leftist government is thrown out in November the rally is likely to be big and fast.
World Markets
Asian markets were following the US down last night. Shanghai down -0.5%, Hong Kong down -1.7%, India down -0.3%, and Japan down -3.6%.
European markets are down in a range of about -0.9% to -1.1% this morning about half way through their day.
US pre-market futures are down in the range -0.3% to -0.6% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.
Socialists are not as virulent as international socialists (communist idealists) are who believe in international displays of their mock justice. Obama yesterday had Hilary take the Arizona illegal alien law to the UN for review as potentially a human rights violation. Obama is also abusing his authority by persecuting Arizona law enforcement for making their male prisoners work in pink prison clothes. Obama is disgracing the USA with his sinister clown behavior. He does not have any copy of his original USA birth certificate because there is none. All he has is a modern facsimile that Hawaii issued long after his birth and college records that prove he is a felon either for claiming to be an American or for falsifying his foreign citizenship to get foreign student financial assistance to a US university. When Obama is thrown out of office he needs to be investigated and have all his "secret" documents put on Wikipedia the way the lunatic left likes to do things. If he has nothing to hide he would just make these records public and not say he "can't walk around with them pasted on his head."
Obama did not get smart yet and fire his leftist lunatic left fringe economic advisors. Yesterday Obama blamed Republicans again for his own ineffectiveness. Obama has become an economic distraction not an aid. Some would say his continuous blaming of others and never taking responsibility is just more clowning around. Obama, the sinister clown, running a government is an unsettling thought.
Several hundred thousand Americans gathered in Washington Sunday to protest the leftist Obama administration's erosions of American liberties with his redistribution of income from earners to primarily people of Obama's own race. Obama is a racist as we can see his redistribution breakdown is racist. If we elected a white man from Alabama and he gave a disproportionate portion of $trillion to white folk would not he be declared a racist?
Unfortunately people who lack a work ethic tend to live in places where they don't have to do much work for shelter or to keep from freezing in the winter. They don't like the cold where the lazy freeze to death. They only migrate to colder climates when there are liberal/progressive dominated Christian countries willing to furnish them with food and shelter and an unearned income. This is the primary reason for the immigration problems in the USA and Western Europe. You don't see them migrating to communist countries or theocratic Moslem states. Americans do not owe socialist-liberal/progressive-union-lazy-state/federal government workers, indigents, and perverts a life. They need to create a life of their own.
World Markets:
The world markets including China are continuing to take their cues from the USA. US down, Asia down. That is because the USA is the major innovator and buyer of finished products.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda.
Last week:
Biden was out telling people the recession is over just as another half million Americans lost their jobs! The second quarter GDP growth estimate was lowered from 2.4% to 1.6%. The original first manipulated Obama number was over 3% more than twice the original number. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. The deflator was increased to 1.9%. That implies the growth was all from price inflation. In fact there may have been a 0.1% contraction in the second quarter. GE/MSNBC/Pravda did not report the contraction because that would show that giving the $1Trillion to bail out union and government worker pensions, to provide pretend-work green jobs, and to give thousands to welfare indigents and housing grants primarily to people of Obama's race… all failed to stimulate the economy one iota.
Yesterday
Personal Income Jul increased 0.2% after no improvement the last month
Personal Spending Jul increased 0.4% after no change last month
PCE Prices - Core Jul prices increased 0.1% which is also good as it is not deflation.
All good news but market was down 1.4%
Today
Aug 31 9:00 AM Case-Shiller 20-city Index Jun
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Consumer Confidence Aug
Aug 31 2:00 PM Minutes of FOMC Meeting 08/10 - -
This week
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug
Market Outlook Aug 31, 2010
The market declined yesterday on the lowest volume I have seen in years except for holidays. It was 30% lower than this year's already low volume. It takes very little money to move this market now. Wall Street is learning a lesson that no regulations could ever teach them. Abusing your customers by betting against them is guaranteed to drive customers away.
On the positive side, when this leftist government is thrown out in November the rally is likely to be big and fast.
World Markets
Asian markets were following the US down last night. Shanghai down -0.5%, Hong Kong down -1.7%, India down -0.3%, and Japan down -3.6%.
European markets are down in a range of about -0.9% to -1.1% this morning about half way through their day.
US pre-market futures are down in the range -0.3% to -0.6% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.
Monday, August 30, 2010
Fed Chairman Bernanke calmed the markets
Fed Chairman Bernanke calmed the markets
The only problem is that it is the same policy Japan has had for twenty years of deflation. Deflation makes the yen worth more because Japan's prices keep falling. That makes the Yen stronger. We need to get inflation up close to 3% per year before China and others stop buying so many dollars and thus force Obama to stop spending the money of our children and grandchildren.
World Markets:
The world markets including China are now taking their cues from the USA.
Obama did not get smart yet and fire his leftist lunatic fringe economic advisors.
Toward the end of Clinton's first term he dropped Clinton-health-care and declared the age of big government had ended. With the advice of competent Morris (now a FOX News advisor), He proceeded to steal the Republican ideas of Gingrich and ushered in a period of growth and budget surpluses. Clinton did enough positives to make up for all his sex scandals. Obama on the other hand is still dangerously incompetent and frightens about 80% of the American electorate. He already has a 54% disapproval rating after a year in office, almost as bad a Bush at eight years after Obama leftist depression talk that caused the collapse of Lehman's and started the recession that Obama wanted so that he could punish the Bush Administration. Bush was accused by the lunatic left of killing Saddam Hussein and torturing Al quaeda Moslems by giving them baths and getting water up their noses. As a child, we used to hate getting dunked by older kids at public swimming pools and perhaps some day parents will shut down swimming pools with torture suits.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda. Before the fall of the USSR, the Soviet Union, they reported record wheat harvests and repackaged American food aid in bags that said the food was grown from the USSR. Socialists and communists control their media and create favorable lies that the Nazis called propaganda. GE/MSNBC/Pravda is now under Obama socialist/communist control as are the major unions.
Last week:
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating. Biden (the idiot) was out telling people the recession is over as another half million Americans lost their jobs! The second quarter GDP growth estimate was lowered from 2.4% to 1.6%. The original first manipulated Obama number was over 3% more than twice the original number. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. The deflator was increased to 1.9%. That implies the growth was all from price inflation. In fact there may have been a 0.1% contraction in the second quarter. GE/MSNBC/Pravda did not report the contraction because that would show that giving the $1Trillion to bail out union and government worker pensions, to provide pretend-work green jobs, and to give thousands to welfare indigents and housing grants primarily to people of Obama's race… all failed to stimulate the economy one iota.
Today
Aug 30 8:30 AM Personal Income Jul
Aug 30 8:30 AM Personal Spending Jul
Aug 30 8:30 AM PCE Prices - Core Jul
This week
Aug 31 9:00 AM Case-Shiller 20-city Index Jun
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Consumer Confidence Aug
Aug 31 2:00 PM Minutes of FOMC Meeting 08/10 - -
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug
Market Outlook Aug 30, 2010
The WSJ showed that in previous deep recessions the stoke market PE was as low as 5 and the historical average is 10. How can that be? Just five years ago Wall Street was telling investors the average historical PE was 18 and even 30 was reasonable for a growing corporation. This is a form of Wall Street fraud because when they want to scare investors they use this year's earnings to compute PE and when they want investors to buy at high prices they use a ridiculous optimistic future projected earnings. The number of investing Americans dropped 60% during the wimpy bleeding heart Jimmy Carter years and did not begin to recover until the President Ronald Reagan years. This latest WSJ report appears intended to drive the price of stocks even lower. But we are in a great buying area very close to the summer low. September is usually a great month but October has a fickle record of surprises both up and down.
There has never been more pessimism about American government and financial incompetence than right now since FDR introduced socialism and created the Great Depression. FDR then used WWII to get the USA out of the failed communist style jobs corps and phased out socialist programs. He used the cost of the war effort as the reason to cut the socialist jobs programs. Many grants went to reduce rural poverty but the programs did not last more than an average of two years, as they were unsustainable. One idea was the book mobile where people rode around the countryside to farmers with library books in the trunk and back seats. It was extremely inefficient but created jobs. Rationing of gas was the good excuse for cutting that program and other recycling jobs were created for the war effort. WWII saved the USA and all the Nazi conquered countries from National Socialism.
One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving many cash grants to people of his own race but has done almost nothing to reduce the number of mortgages in default possibly because his voter base is the one that got the mortgages with fraudulent don't ask don't tell Dodd and Barney Frank corruption. If Obama's ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records to prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is Obama the only American president to ever conceal that information? The lunatic left used to call President Bush dumb until Al Gore's Yale records were released and showed Al Gore was dumber. Thousands of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother hated America and had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly throw him out. Sooner or later the truth will get out.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem. They are too busy robbing the public coffers so they can retire in a year or two and the next Obama appointee can lose the vital records. The socialist use hundreds of crooks to make their thefts untraceable.
World Markets
Asian markets were up last night. Shanghai up 1.6%, Hong Kong up 0.7%, India up 0.2%, and Japan up 1.7%.
European markets are mixed in a range of about -05%% to +1% this morning about half way through their day.
US pre-market futures are flat in the range -0.1% to +0.1% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.
The only problem is that it is the same policy Japan has had for twenty years of deflation. Deflation makes the yen worth more because Japan's prices keep falling. That makes the Yen stronger. We need to get inflation up close to 3% per year before China and others stop buying so many dollars and thus force Obama to stop spending the money of our children and grandchildren.
World Markets:
The world markets including China are now taking their cues from the USA.
Obama did not get smart yet and fire his leftist lunatic fringe economic advisors.
Toward the end of Clinton's first term he dropped Clinton-health-care and declared the age of big government had ended. With the advice of competent Morris (now a FOX News advisor), He proceeded to steal the Republican ideas of Gingrich and ushered in a period of growth and budget surpluses. Clinton did enough positives to make up for all his sex scandals. Obama on the other hand is still dangerously incompetent and frightens about 80% of the American electorate. He already has a 54% disapproval rating after a year in office, almost as bad a Bush at eight years after Obama leftist depression talk that caused the collapse of Lehman's and started the recession that Obama wanted so that he could punish the Bush Administration. Bush was accused by the lunatic left of killing Saddam Hussein and torturing Al quaeda Moslems by giving them baths and getting water up their noses. As a child, we used to hate getting dunked by older kids at public swimming pools and perhaps some day parents will shut down swimming pools with torture suits.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda. Before the fall of the USSR, the Soviet Union, they reported record wheat harvests and repackaged American food aid in bags that said the food was grown from the USSR. Socialists and communists control their media and create favorable lies that the Nazis called propaganda. GE/MSNBC/Pravda is now under Obama socialist/communist control as are the major unions.
Last week:
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating. Biden (the idiot) was out telling people the recession is over as another half million Americans lost their jobs! The second quarter GDP growth estimate was lowered from 2.4% to 1.6%. The original first manipulated Obama number was over 3% more than twice the original number. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. The deflator was increased to 1.9%. That implies the growth was all from price inflation. In fact there may have been a 0.1% contraction in the second quarter. GE/MSNBC/Pravda did not report the contraction because that would show that giving the $1Trillion to bail out union and government worker pensions, to provide pretend-work green jobs, and to give thousands to welfare indigents and housing grants primarily to people of Obama's race… all failed to stimulate the economy one iota.
Today
Aug 30 8:30 AM Personal Income Jul
Aug 30 8:30 AM Personal Spending Jul
Aug 30 8:30 AM PCE Prices - Core Jul
This week
Aug 31 9:00 AM Case-Shiller 20-city Index Jun
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Consumer Confidence Aug
Aug 31 2:00 PM Minutes of FOMC Meeting 08/10 - -
Sep 1 8:15 AM ADP Employment Change Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:30 AM Crude Inventories 08/28
Sep 1 2:00 PM Auto Sales Aug
Sep 1 2:00 PM Truck Sales Aug
Sep 2 8:30 AM Initial Claims 08/28
Sep 2 8:30 AM Continuing Claims 08/21
Sep 2 8:30 AM Productivity-Rev. Q2
Sep 2 8:30 AM Unit Labor Costs Q2
Sep 2 10:00 AM Factory Orders Jul
Sep 2 10:00 AM Pending Home Sales Jul
Sep 3 8:30 AM Nonfarm Payrolls Aug
Sep 3 8:30 AM Nonfarm Payrolls - Private Aug
Sep 3 8:30 AM Unemployment Rate Aug
Sep 3 8:30 AM Hourly Earnings Aug
Sep 3 8:30 AM Average Workweek Aug
Sep 3 10:00 AM ISM Services Aug
Market Outlook Aug 30, 2010
The WSJ showed that in previous deep recessions the stoke market PE was as low as 5 and the historical average is 10. How can that be? Just five years ago Wall Street was telling investors the average historical PE was 18 and even 30 was reasonable for a growing corporation. This is a form of Wall Street fraud because when they want to scare investors they use this year's earnings to compute PE and when they want investors to buy at high prices they use a ridiculous optimistic future projected earnings. The number of investing Americans dropped 60% during the wimpy bleeding heart Jimmy Carter years and did not begin to recover until the President Ronald Reagan years. This latest WSJ report appears intended to drive the price of stocks even lower. But we are in a great buying area very close to the summer low. September is usually a great month but October has a fickle record of surprises both up and down.
There has never been more pessimism about American government and financial incompetence than right now since FDR introduced socialism and created the Great Depression. FDR then used WWII to get the USA out of the failed communist style jobs corps and phased out socialist programs. He used the cost of the war effort as the reason to cut the socialist jobs programs. Many grants went to reduce rural poverty but the programs did not last more than an average of two years, as they were unsustainable. One idea was the book mobile where people rode around the countryside to farmers with library books in the trunk and back seats. It was extremely inefficient but created jobs. Rationing of gas was the good excuse for cutting that program and other recycling jobs were created for the war effort. WWII saved the USA and all the Nazi conquered countries from National Socialism.
One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving many cash grants to people of his own race but has done almost nothing to reduce the number of mortgages in default possibly because his voter base is the one that got the mortgages with fraudulent don't ask don't tell Dodd and Barney Frank corruption. If Obama's ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records to prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is Obama the only American president to ever conceal that information? The lunatic left used to call President Bush dumb until Al Gore's Yale records were released and showed Al Gore was dumber. Thousands of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother hated America and had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly throw him out. Sooner or later the truth will get out.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem. They are too busy robbing the public coffers so they can retire in a year or two and the next Obama appointee can lose the vital records. The socialist use hundreds of crooks to make their thefts untraceable.
World Markets
Asian markets were up last night. Shanghai up 1.6%, Hong Kong up 0.7%, India up 0.2%, and Japan up 1.7%.
European markets are mixed in a range of about -05%% to +1% this morning about half way through their day.
US pre-market futures are flat in the range -0.1% to +0.1% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch, Rangel, Waters and the other leftist crook democrat-socialists.
Friday, August 27, 2010
Fed Chairman to talk today. Will it be his usual open mouth insert foot speech?
Fed Chairman to talk today. Will it be his usual open mouth insert foot speech?
Obama blamed Bush for the economy and then kept Bush's Fed chairman who sets the economic parameters. That either says Obama was wrong in blaming Bush, or Obama was right in blaming Bush but stupid for keeping the Fed Chairman, or Obama is stupid for both wrongly blaming Bush and then keeping the Fed Chairman and exposing his own stupidity by keeping the policy he said caused the Obama declared depression.
World Markets:
The world markets including China are now taking their cues from the USA. Will Obama get smart and fire his leftist advisors?
Toward the end of Clinton's first term he dropped Clinton-health-care and declared the age of big government had ended. He proceeded to steal the Republican ideas of Gingrich and ushered in a period of growth and budget surpluses. Clinton did enough positives to make up for his sex scandals. Obama on the other hand is still dangerously incompetent and frightens about 80% of the American electorate.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda.
This week:
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating. Obama is only making things worse. Americans (who have brains) first need jobs to have confidence they can pay the mortgage. Only brain-dead leftists offer derelicts, welfare recipients, and drug addicts no-money down mortgages.
Durable Orders Jul improved 0.3% but was ignored by investors.
Durable Goods -ex Transportation July declined 3.8% but it looks like massive Obama administration incompetence in maintaining accurate government statistics. The month to month variation in these two orders indices looks almost like they got them mixed up.
New Home Sales Jul was at 276K down from 315K but looking again like Obama's incompetent government making up the numbers as they go along.
Crude Inventories 08/21 rose to 4.1M up from 0.8M up from -3M and -2.8 and stable numbers before that. Again, can we believe anything this administration gets its hands on? Biden (the idiot) is out telling people the recession is over and yet they put out highly negative reports!
Yesterday:Aug 26 8:30 AM Initial Claims 08/21473K down from 507K but still showing a deep recession level.
Aug 26 8:30 AM Continuing Claims 08/14 at 4456k down slightly from 4478k initially reported last week. Still shows Obama administration is doing nothing for the economy other than frighten the entire world.
Still to come
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 27, 2010
The most positive thing about the market right mow is the level of bearishness that usually is not like this except at market bottoms.
I have never seen more pessimism about American government and financial incompetence than right now. One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving tons of grants to people of his own race but has done almost nothing to reduce the number of mortgages in default. If his ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records that prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is he the only American president to conceal that information. The lunatic left used to call President Bush an idiot until Al Gore's Yale records were released and showed he was a much poorer student. Thousands of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly get rid of him. Sooner or later the truth will get out.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
World Markets
Asian markets were mixed last night. Shanghai up 0.3%, Hong Kong down -0.1%, India down 1.3%, and Japan up 1%.
European markets are flat in a range of about 0% to 0.2% this morning about half way through their day.
US pre-market futures are up 0.2% to 0.4% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch and the other leftist democrat-socialists.
Obama blamed Bush for the economy and then kept Bush's Fed chairman who sets the economic parameters. That either says Obama was wrong in blaming Bush, or Obama was right in blaming Bush but stupid for keeping the Fed Chairman, or Obama is stupid for both wrongly blaming Bush and then keeping the Fed Chairman and exposing his own stupidity by keeping the policy he said caused the Obama declared depression.
World Markets:
The world markets including China are now taking their cues from the USA. Will Obama get smart and fire his leftist advisors?
Toward the end of Clinton's first term he dropped Clinton-health-care and declared the age of big government had ended. He proceeded to steal the Republican ideas of Gingrich and ushered in a period of growth and budget surpluses. Clinton did enough positives to make up for his sex scandals. Obama on the other hand is still dangerously incompetent and frightens about 80% of the American electorate.
Economic Calendar
We are seeing manipulated leftist Obama government statistics again with wide data scatter and swing in corrections as big as the reported changes themselves. Leftists are historically corrupt and manufacture useless statistics as propaganda.
This week:
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating. Obama is only making things worse. Americans (who have brains) first need jobs to have confidence they can pay the mortgage. Only brain-dead leftists offer derelicts, welfare recipients, and drug addicts no-money down mortgages.
Durable Orders Jul improved 0.3% but was ignored by investors.
Durable Goods -ex Transportation July declined 3.8% but it looks like massive Obama administration incompetence in maintaining accurate government statistics. The month to month variation in these two orders indices looks almost like they got them mixed up.
New Home Sales Jul was at 276K down from 315K but looking again like Obama's incompetent government making up the numbers as they go along.
Crude Inventories 08/21 rose to 4.1M up from 0.8M up from -3M and -2.8 and stable numbers before that. Again, can we believe anything this administration gets its hands on? Biden (the idiot) is out telling people the recession is over and yet they put out highly negative reports!
Yesterday:Aug 26 8:30 AM Initial Claims 08/21473K down from 507K but still showing a deep recession level.
Aug 26 8:30 AM Continuing Claims 08/14 at 4456k down slightly from 4478k initially reported last week. Still shows Obama administration is doing nothing for the economy other than frighten the entire world.
Still to come
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 27, 2010
The most positive thing about the market right mow is the level of bearishness that usually is not like this except at market bottoms.
I have never seen more pessimism about American government and financial incompetence than right now. One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving tons of grants to people of his own race but has done almost nothing to reduce the number of mortgages in default. If his ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records that prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is he the only American president to conceal that information. The lunatic left used to call President Bush an idiot until Al Gore's Yale records were released and showed he was a much poorer student. Thousands of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly get rid of him. Sooner or later the truth will get out.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
World Markets
Asian markets were mixed last night. Shanghai up 0.3%, Hong Kong down -0.1%, India down 1.3%, and Japan up 1%.
European markets are flat in a range of about 0% to 0.2% this morning about half way through their day.
US pre-market futures are up 0.2% to 0.4% this morning at 8 Am.
The only thing we have to fear is fear itself, which now consists of Obama, Gore, Bogoyevitch and the other leftist democrat-socialists.
Thursday, August 26, 2010
The only thing we have to fear is the lunatic left who prefer the European big brother socialism and environmental science of Portugal, Iceland, Greec
The only thing we have to fear is the lunatic left who prefer the European big brother socialism and environmental science of Portugal, Iceland, Greece, and Spain to American liberty.
The following senators voted against making English the official language of America:
Alaska (D-HI), Bayh (D-IN), Biden (D-DE), Bingaman (D-NM), Boxer (D-CA), Cantwell (D-WA), Clinton (D-NY), Dayton (D-MN), Dodd (D-CT), Domenici (R-NM), Durbin (D-IL), Feingold (D-WI), Feinstein (D-CA), Harkin (D-IA), Inouye (D-HI), Jeffords (I-VT), Kennedy (D-MA), Kerry (D-MA), Kohl (D-WI), Lautenberg (D-NJ), Leahy (D-VT), Levin (D-MI), Lieberman (D-CT), Menendez (D-NJ), Mikulski (D-MD), Murray (D-WA), Obama (D-IL), Reed (D-RI), Reid (D-NV), Salazar (D-CO), Sarbanes (D-MD), Schumer (D-NY), Stabenow (D-MI), Wyden (D-OR)
The following senators voted to give illegal aliens some of your Social Security retirement money. They are grouped by home state. If a state is not listed, there was no idiot representative from that state. Alaska : Stevens (R), Arizona : McCain (R), Arkansas : Lincoln (D) Pryor (D), California : Boxer (D) Feinstein (D), Colorado : Salazar (D), Connecticut : Dodd (D) Lieberman (D), Delaware : Biden (D) Carper (D), Florida : Martinez (R), Hawaii : Akaka (D) Inouye (D), Illinois : Durbin (D) Obama (D), Indiana: Bayh (D) Lugar (R), Iowa: Harkin (D), Kansas: Brownback (R), Louisiana: Landrieu (D), Maryland: Mikulski (D) Sarbanes (D), Massachusetts: Kennedy (D) Kerry (D), Montana: Baucus (D), Nebraska: Hagel (R), Nevada: Reid (D), New Jersey: Lautenberg (D) Menendez (D), New Mexico: Bingaman (D), New York: Clinton (D) Schumer (D), North Dakota : Dorgan (D), Ohio : DeWine (R) Voinovich(R), Oregon : Wyden (D), Pennsylvania : Specter (D), Rhode Island : Chafee (R) Reed (D), South Carolina : Graham (R), South Dakota : Johnson (D), Vermont : Jeffords (I) Leahy (D), Washington : Cantwell (D) Murray (D), West Virginia : Rockefeller (D), by Not Voting, Wisconsin : Feingold (D) Kohl (D),
THE ENTIRE POPULATION OF THE UNITED STATES NEEDS TO KNOW THIS NFORMATION.....UNLESS THEY LIKE BANKRUPTING THEIR SOCIAL SECURITY WITH ILLEGAL ALIENS WHO DIDN'T PAY A DIME INTO IT AND ENCOURAGING MORE DRUG LORDS WHO ARE NOW SETTING UP THEIR BUSINESSES HERE.
World Markets:
The world continues to recover but Obama's racist National Socialism is destroying the viability of American businesses and the incentive for lazy, government, and unionized people to work. Private corporations with 50% pensions are going broke so government workers can retire at 55 with 90% to 100% pensions.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and corrections as big as the reported changes themselves.
Last week:
Obama disappointed the nation again with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the unions and the federal workers who are called the "poor" people of the lunatic left.
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine has helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating so Obama is only making things worse. Americans (who have brains) first need jobs to have confidence they can pay the mortgage. Only brainless leftists offer derelicts, welfare recipients, and drug addicts no-money down mortgages.
Yesterday:
Durable Orders Jul improved 0.3%
Durable Goods -ex Transportation Jul declined 3.8% but it looks like massive Obama administration incompetence in maintaining accurate government statistics. The month to month variation in these two orders indices looks almost like they got them mixed up.
New Home Sales Jul was at 276K down from 315K but looking again like Obama's incompetent government making up the numbers as they go along.
Crude Inventories 08/21 rose to 4.1M up from 0.8M up from -3M and -2.8 and stable numbers before that. Again, can we believe anything this administration gets its hands on. Biden (the idiot) is out telling people the recession is over!
This week still to come
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 26, 2010
The most positive thing about the market right mow is the level of bearishness that usually is not like this except at market bottoms.
I have never seen more pessimism about American government and financial incompetence than right now. One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving tons of personal grants to people of his own race but has done almost nothing to reduce the number of mortgages in default. If his ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records that prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is he the only American president to conceal that information. The lunatic left used to call President Bush an idiot until Al Gore's Yale records were released and showed he was a much poorer student. Thousand of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly get rid of him. Sooner or later the truth will get out.
The imperatives now are no new taxes, no new federal programs like Obamacare, and to cut state and federal do-nothing jobs and coerced government arbitrated pensions by 60%. State and federal government job cuts are needed to cut taxes and give the lazy government sleepers their own Mao cure, "No work, no pension." We need a stimulus program that is entirely for the private sector.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
Banks that now have Obama's leftist lunatic friends on their boards have not learned their lesson and continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. Who is on their board? Is it Barney Frank or Bogoyevitch? The WSJ reported one mortgage criminal was seeking citizenship and asylum in Canada. If he had a brain the thief would be seeking asylum in the courts of Bogoyevitch's Chicago.
World Markets
Asian markets were up slightly last night. Shanghai up 0.3%, Hong Kong down -0.1%, India up 0.3%, and Japan up 0.7%.
European markets are up in a range of about 0.4% to 0.7% this morning about half way through their day.
US pre-market futures are flat near 0.1% this morning at 8 Am. Hedge funds now wish they could stop the run they started that is now destroying their customer base.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the recession a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama, Gore, Bogoyevitch and the other democrat-socialists.
The following senators voted against making English the official language of America:
Alaska (D-HI), Bayh (D-IN), Biden (D-DE), Bingaman (D-NM), Boxer (D-CA), Cantwell (D-WA), Clinton (D-NY), Dayton (D-MN), Dodd (D-CT), Domenici (R-NM), Durbin (D-IL), Feingold (D-WI), Feinstein (D-CA), Harkin (D-IA), Inouye (D-HI), Jeffords (I-VT), Kennedy (D-MA), Kerry (D-MA), Kohl (D-WI), Lautenberg (D-NJ), Leahy (D-VT), Levin (D-MI), Lieberman (D-CT), Menendez (D-NJ), Mikulski (D-MD), Murray (D-WA), Obama (D-IL), Reed (D-RI), Reid (D-NV), Salazar (D-CO), Sarbanes (D-MD), Schumer (D-NY), Stabenow (D-MI), Wyden (D-OR)
The following senators voted to give illegal aliens some of your Social Security retirement money. They are grouped by home state. If a state is not listed, there was no idiot representative from that state. Alaska : Stevens (R), Arizona : McCain (R), Arkansas : Lincoln (D) Pryor (D), California : Boxer (D) Feinstein (D), Colorado : Salazar (D), Connecticut : Dodd (D) Lieberman (D), Delaware : Biden (D) Carper (D), Florida : Martinez (R), Hawaii : Akaka (D) Inouye (D), Illinois : Durbin (D) Obama (D), Indiana: Bayh (D) Lugar (R), Iowa: Harkin (D), Kansas: Brownback (R), Louisiana: Landrieu (D), Maryland: Mikulski (D) Sarbanes (D), Massachusetts: Kennedy (D) Kerry (D), Montana: Baucus (D), Nebraska: Hagel (R), Nevada: Reid (D), New Jersey: Lautenberg (D) Menendez (D), New Mexico: Bingaman (D), New York: Clinton (D) Schumer (D), North Dakota : Dorgan (D), Ohio : DeWine (R) Voinovich(R), Oregon : Wyden (D), Pennsylvania : Specter (D), Rhode Island : Chafee (R) Reed (D), South Carolina : Graham (R), South Dakota : Johnson (D), Vermont : Jeffords (I) Leahy (D), Washington : Cantwell (D) Murray (D), West Virginia : Rockefeller (D), by Not Voting, Wisconsin : Feingold (D) Kohl (D),
THE ENTIRE POPULATION OF THE UNITED STATES NEEDS TO KNOW THIS NFORMATION.....UNLESS THEY LIKE BANKRUPTING THEIR SOCIAL SECURITY WITH ILLEGAL ALIENS WHO DIDN'T PAY A DIME INTO IT AND ENCOURAGING MORE DRUG LORDS WHO ARE NOW SETTING UP THEIR BUSINESSES HERE.
World Markets:
The world continues to recover but Obama's racist National Socialism is destroying the viability of American businesses and the incentive for lazy, government, and unionized people to work. Private corporations with 50% pensions are going broke so government workers can retire at 55 with 90% to 100% pensions.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and corrections as big as the reported changes themselves.
Last week:
Obama disappointed the nation again with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the unions and the federal workers who are called the "poor" people of the lunatic left.
Existing Home Sales July fell 27% the most in a decade. None of Obama's lunatic left economic medicine has helped create private sector jobs that are needed to pay for the tax burden the lunatic left is creating so Obama is only making things worse. Americans (who have brains) first need jobs to have confidence they can pay the mortgage. Only brainless leftists offer derelicts, welfare recipients, and drug addicts no-money down mortgages.
Yesterday:
Durable Orders Jul improved 0.3%
Durable Goods -ex Transportation Jul declined 3.8% but it looks like massive Obama administration incompetence in maintaining accurate government statistics. The month to month variation in these two orders indices looks almost like they got them mixed up.
New Home Sales Jul was at 276K down from 315K but looking again like Obama's incompetent government making up the numbers as they go along.
Crude Inventories 08/21 rose to 4.1M up from 0.8M up from -3M and -2.8 and stable numbers before that. Again, can we believe anything this administration gets its hands on. Biden (the idiot) is out telling people the recession is over!
This week still to come
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 26, 2010
The most positive thing about the market right mow is the level of bearishness that usually is not like this except at market bottoms.
I have never seen more pessimism about American government and financial incompetence than right now. One cannot even mention leadership with this administration because they run from it and still blame others for their own stupidity and government corruption at all levels. Obama is giving tons of personal grants to people of his own race but has done almost nothing to reduce the number of mortgages in default. If his ignorance results in another 10% decline in home prices, many more Americans will lose their homes and consumer confidence will plummet causing another burst of layoffs and even more mortgage defaults. The Obama administration is the most moronic administration in the history of the western world, but about on par for Indonesia and Africa his apparent homelands.
All Obama has to do to show he is not an illegal immigrant is to make public an original American birth certificate from when he says he was born in Hawaii and make public his college records that prove he was not registered as a foreign student. Only Obama can make them public because that information is not available to the public. Why is he the only American president to conceal that information. The lunatic left used to call President Bush an idiot until Al Gore's Yale records were released and showed he was a much poorer student. Thousand of illegal immigrants visit the USA each year so that their children can be born in America. Is the problem with Obama's birth certificate that his hippie mother had renounced her US citizenship and was Indonesian or Nigerian at the time? Why doesn't he release his records and show America the truth? Then perhaps we could quickly get rid of him. Sooner or later the truth will get out.
The imperatives now are no new taxes, no new federal programs like Obamacare, and to cut state and federal do-nothing jobs and coerced government arbitrated pensions by 60%. State and federal government job cuts are needed to cut taxes and give the lazy government sleepers their own Mao cure, "No work, no pension." We need a stimulus program that is entirely for the private sector.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
Banks that now have Obama's leftist lunatic friends on their boards have not learned their lesson and continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. Who is on their board? Is it Barney Frank or Bogoyevitch? The WSJ reported one mortgage criminal was seeking citizenship and asylum in Canada. If he had a brain the thief would be seeking asylum in the courts of Bogoyevitch's Chicago.
World Markets
Asian markets were up slightly last night. Shanghai up 0.3%, Hong Kong down -0.1%, India up 0.3%, and Japan up 0.7%.
European markets are up in a range of about 0.4% to 0.7% this morning about half way through their day.
US pre-market futures are flat near 0.1% this morning at 8 Am. Hedge funds now wish they could stop the run they started that is now destroying their customer base.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the recession a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama, Gore, Bogoyevitch and the other democrat-socialists.
Tuesday, August 24, 2010
Americans don't want to be governed by the corrupt left or the right. They are, "Mad as hell!"
Americans don't want to be governed by the corrupt left or the right. They are, "Mad as hell!"
Scott Rasmussen polled Americans and found:
Americans want to govern themselves again with Washington in a supporting, not a controlling roll. But incumbents have millions of dollars to spend to recreate their new image with white whigs and tricornered hats.
In Connecticut with a $2billion deficit the socialist democrats slipped in (over the governors veto) a $6million grant of state taxpayer money to go to subsidize leftists in the next governor's race.
Obama gave away the stimulation package primarily to unions, government workers, and people of his own race.
It is unlikely that Obama will ever give an accounting of the spending due to the extensive administration corruption that they must hide. It is likely the trails of corruption will be shredded and burned before 2012.
We are left with Obama's planned tax increase in January for everyone who works for a living
World Markets:
The world continues to recover but Obama racist National Socialism is destroying the viability of American businesses and the incentive for lazy and unionized people to work. Private corporations with 50% pensions are going broke so government workers can retire with 90% to 100% pensions.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and correction as big as the reported changes.
Last week:
Obama disappointed the nation again with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the unions and the federal workers who were said to be "poor" people.
This week
Aug 24 10:00 AM Existing Home Sales Jul
Aug 25 8:30 AM Durable Orders Jul
Aug 25 8:30 AM Durable Goods -ex Transportation Jul
Aug 25 10:00 AM New Home Sales Jul
Aug 25 10:30 AM Crude Inventories 08/21
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 24, 2010
Banks that have not learned their lesson and continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. The WSJ reported one was seeking citizenship and asylum in Canada.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
Hedge fund greed is driving away small investors who don't like Wall Street betting against them.
We expect a rally to follow if the corrupt socialists are voted out of office in November. Then Obama socialism could 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 to cut taxes and give the lazy government sleepers their own Mao cure, "No work, no pension."
World Markets
Asian markets were down last night. Shanghai up 0.4%, Hong Kong down -1.1%, India down -0.5%, and Japan down -1.3%.
European markets are down in a range of about -0.6% to -1.1% this morning about half way through their day.
US pre-market futures are down -0.6% to -0.8% this morning at 8 Am.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the recession a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama and the democrat-socialists.
Scott Rasmussen polled Americans and found:
Americans want to govern themselves again with Washington in a supporting, not a controlling roll. But incumbents have millions of dollars to spend to recreate their new image with white whigs and tricornered hats.
In Connecticut with a $2billion deficit the socialist democrats slipped in (over the governors veto) a $6million grant of state taxpayer money to go to subsidize leftists in the next governor's race.
Obama gave away the stimulation package primarily to unions, government workers, and people of his own race.
It is unlikely that Obama will ever give an accounting of the spending due to the extensive administration corruption that they must hide. It is likely the trails of corruption will be shredded and burned before 2012.
We are left with Obama's planned tax increase in January for everyone who works for a living
World Markets:
The world continues to recover but Obama racist National Socialism is destroying the viability of American businesses and the incentive for lazy and unionized people to work. Private corporations with 50% pensions are going broke so government workers can retire with 90% to 100% pensions.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and correction as big as the reported changes.
Last week:
Obama disappointed the nation again with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the unions and the federal workers who were said to be "poor" people.
This week
Aug 24 10:00 AM Existing Home Sales Jul
Aug 25 8:30 AM Durable Orders Jul
Aug 25 8:30 AM Durable Goods -ex Transportation Jul
Aug 25 10:00 AM New Home Sales Jul
Aug 25 10:30 AM Crude Inventories 08/21
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 24, 2010
Banks that have not learned their lesson and continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. The WSJ reported one was seeking citizenship and asylum in Canada.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability. And under Obama the SEC has another brain dead democrat-socialist appointee who has no time to investigate and fix the problem.
Hedge fund greed is driving away small investors who don't like Wall Street betting against them.
We expect a rally to follow if the corrupt socialists are voted out of office in November. Then Obama socialism could 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 to cut taxes and give the lazy government sleepers their own Mao cure, "No work, no pension."
World Markets
Asian markets were down last night. Shanghai up 0.4%, Hong Kong down -1.1%, India down -0.5%, and Japan down -1.3%.
European markets are down in a range of about -0.6% to -1.1% this morning about half way through their day.
US pre-market futures are down -0.6% to -0.8% this morning at 8 Am.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the recession a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama and the democrat-socialists.
Monday, August 23, 2010
Obama failures and corruption poison hopes of recovery unlike FDR who gave up on his socialism.
Obama failures and corruption poison hopes of recovery unlike FDR who gave up on his socialism.
The only thing we have to fear is fear itself, which consist of Obama and the democrat-socialists. Apparently we can only end the Obama Depression by throwing them all out of office. Americans seem to know that. In Florida the pollsters say the Tea Party candidate weakens the endorsed republican's chances but still the socialists get only about 15%. So the socialists still will lose.
Harry Reed, the most powerful socialist in congress has brought the highest state unemployment figures in the nation to his state.
New Jersey needs $3billion each year just for state government pensions.
Never before have we been faced with a president advancing the causes of his coalition of racists, 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. Fascism is nationalistic socialism while communism is international socialism. They are the two flavors socialism comes in when they are not experimenting with free enterprise.
World Markets:
The world continues to recover but Obama racist National Socialism is destroying the viability of American businesses and the incentive for lazy and unionized people to work. Private corporation with 50% pensions are going broke so that government workers can retire with 90% to 100% pensions and often double dip.
German exports surged to pre-recession levels. German second quarter growth just hit 2.3% and rising.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and correction as big as the reported changes.
Last week Obama disappointed the nation again last week with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the union and the federal workers who were said to be "poor" people.
This week
Aug 24 10:00 AM Existing Home Sales Jul
Aug 25 8:30 AM Durable Orders Jul
Aug 25 8:30 AM Durable Goods -ex Transportation Jul
Aug 25 10:00 AM New Home Sales Jul
Aug 25 10:30 AM Crude Inventories 08/21
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 23, 2010
Banks that continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. The WSJ reported one was seeking citizenship and asylum in Canada.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability.
Volume has been extremely low on the recent Hedge Fund declines indicating that the Hedge fund short sellers are running out of cash. That could be because people do not like Hedge funds betting against them. It sounds unethical to investors so investors took $30billion out of the market so far this year. But they made a bigger mistake and bet on deflation and bought bonds. It seems incredible but Obama thinks they will buy 100year federal bonds. They will be slaughters brutally once interest rates begin rising and inflation begins.
We expect a 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 for no new taxes.
World Markets
Asian markets were flat last night. Shanghai down -0.1%, Hong Kong down -0.4%, India up 0.1%, and Japan down -0.7%.
European markets are up in a range of about 0.4% to 1% this morning about half way through their day.
US pre-market futures are up 0.4% to 0.6% this morning at 8 Am.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the slight slowdown a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama and the democrat-socialists.
The only thing we have to fear is fear itself, which consist of Obama and the democrat-socialists. Apparently we can only end the Obama Depression by throwing them all out of office. Americans seem to know that. In Florida the pollsters say the Tea Party candidate weakens the endorsed republican's chances but still the socialists get only about 15%. So the socialists still will lose.
Harry Reed, the most powerful socialist in congress has brought the highest state unemployment figures in the nation to his state.
New Jersey needs $3billion each year just for state government pensions.
Never before have we been faced with a president advancing the causes of his coalition of racists, 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. Fascism is nationalistic socialism while communism is international socialism. They are the two flavors socialism comes in when they are not experimenting with free enterprise.
World Markets:
The world continues to recover but Obama racist National Socialism is destroying the viability of American businesses and the incentive for lazy and unionized people to work. Private corporation with 50% pensions are going broke so that government workers can retire with 90% to 100% pensions and often double dip.
German exports surged to pre-recession levels. German second quarter growth just hit 2.3% and rising.
Economic Calendar
We are seeing manipulated Obama government statistics again with wide data scatter and correction as big as the reported changes.
Last week Obama disappointed the nation again last week with the report that unemployment rose 500K last month. President Bush inherited the burst Dot-com bubble recession and when he had unemployment dropping 50K per month he was ridiculed by the socialists. When he introduced tax cuts to help small business people grow employment he was ridiculed again because the socialists said he was helping "rich" people not the lazy, the union and the federal workers who were said to be "poor" people.
This week
Aug 24 10:00 AM Existing Home Sales Jul
Aug 25 8:30 AM Durable Orders Jul
Aug 25 8:30 AM Durable Goods -ex Transportation Jul
Aug 25 10:00 AM New Home Sales Jul
Aug 25 10:30 AM Crude Inventories 08/21
Aug 26 8:30 AM Initial Claims 08/21
Aug 26 8:30 AM Continuing Claims 08/14
Aug 27 8:30 AM GDP - Second Estimate Q2
Aug 27 8:30 AM GDP Deflator - Second Estimate Q2
Aug 27 9:55 AM U Michigan Consumer Sentiment
Market Outlook Aug 23, 2010
Banks that continue to be stung by mortgage fraud should be liquidated. It seems incredible that some banks still give no-doc mortgages and allow criminals to collect up to $250k and walk away to Canada or Mexico. The WSJ reported one was seeking citizenship and asylum in Canada.
What is technically wrong with this market is that it still needs to break again above the 20-day and 100 day moving averages. The May meltdown frightened a lot of people. It was not caused by a fat finger mistake. The automatic market system is flawed and unstable. It could happen again because like the Japanese car auto-acceleration problem, the SEC has no clue as to what actually caused the instability.
Volume has been extremely low on the recent Hedge Fund declines indicating that the Hedge fund short sellers are running out of cash. That could be because people do not like Hedge funds betting against them. It sounds unethical to investors so investors took $30billion out of the market so far this year. But they made a bigger mistake and bet on deflation and bought bonds. It seems incredible but Obama thinks they will buy 100year federal bonds. They will be slaughters brutally once interest rates begin rising and inflation begins.
We expect a 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 for no new taxes.
World Markets
Asian markets were flat last night. Shanghai down -0.1%, Hong Kong down -0.4%, India up 0.1%, and Japan down -0.7%.
European markets are up in a range of about 0.4% to 1% this morning about half way through their day.
US pre-market futures are up 0.4% to 0.6% this morning at 8 Am.
The Obama-Barney Frank-Christopher Dodd worldwide recession still has Americans losing jobs. Barney Frank-Christopher Dodd forced banks to loan to people who could not make the payments and Obama campaigned negatively and called the slight slowdown a Great Depression to scare the world into a depression and win the election. The only thing we have to fear is fear itself, which consists of Obama and the democrat-socialists.
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