Boltonct Commentary

Tuesday, February 21, 2012

US Home ownership went from 64% down to 62% home ownership with the “Obama Liar Loan World Depression.”

Friday, February 17, 2012

We went from 64% down to 62% home ownership and an “Obama Reverse Racial World Depression” with the Senate Banking Commission “Liar Loan Regulations.”

Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.

Wells Fargo CEO said Friday that we went from 64% of the nation owning homes quickly up to 67% home ownership giving out Freddie and Fanny “liar loans” and now it is worse at 62%. Racially oriented liar loans (and it was racial if you look at the disproportionate number of the liar loan given to one race…. i.e. “reverse discrimination” almost brought down the entire world! We went from 64% to 62% home ownership and an “Obama Reverse Racial World Depression” with the Senate Banking Commission “Liar Loan Regulations.” Some wanted to take greater advantage of rising prices thinking they could take a low interest variable rate mortgage and flip their house if the interest rate went up. Banks are now accused of doing wrong for giving them the freedom to take that risk. But had the banks refused they would also have been accused of wrong doing.

Economist William A. Barnett says Fed’s shoddy FED data drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says.

The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.

MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Th

70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.

The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.

World markets
Swedish Finance Minister Anders Borg announced the government will cut the economic growth outlook for 2012 to 0.5 percent from 1.3 percent as exports falter. Central bank Governor Stefan Ingves said house prices may slide further in the largest Nordic economy after halving his separate forecast for the economy. Sweden’s economy that was Europe’s strongest as recently as 2010, will hardly grow as the Greek crisis spreads north, killing jobs, sapping confidence and tipping the housing market into a decline.

The European Central Bank is swapping its Greek bonds for new ones to ensure Greece isn’t forced into a debt restructuring default, three euro-area officials said.

Beacon Capital Partners Inc. fund defaulted on 429 million pounds ($678 million) of loans secured by a 36-story London building known as CityPoint, according to a regulatory filing.

Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.

Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.

European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter.

Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.

Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss may be hitting a limit now with a head and shoulder sell signal. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.

PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.

The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.

Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat

Yesterday
Initial Claims 02/11 348K down from 358K
Feb 16 8:30 AM Continuing Claims 02/04 3426K down from 3515K good
Feb 16 8:30 AM Housing Starts Jan 699K up from 657K good
Feb 16 8:30 AM Building Permits Jan 676K down from 679K not good
Feb 16 8:30 AM PPI Jan 0.1up from -0.1% -
Feb 16 8:30 AM Core PPI Jan 0.4% up from 0.3% -
Feb 16 10:00 AM Philadelphia Fed Feb 10.2 up from 7.3 good

This Week
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan

Market outlook February 17, 2012
Unemployment pollster on Squawk Box says the low unemployment reports are based on biased 1000 person polls. They do 30,000 person polls and it shows unemployment still at 9%.

Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were up last night. China up 0.0%, Hong Kong up 1%, India up 0.7%, and Japan up 1.6%.

European markets are up today in a range 0.1% to 1.4% half way through their day.

American market futures are up about 0.2% in after hour trading at 9 AM EST.

Thursday, February 16, 2012

Lies, lies, and more lies as Greece’s demands even more aid on top of the 110 billion euros bailout they got in 2010

Lies, lies, and more lies as Greece’s demands even more aid on top of the 110 billion euros bailout they got in 2010 proving they are getting worse not better at managing their huge army of government workers many who have nothing to do but sleep all day. Taxpayers are rebelling against further handouts to Greece. Each day brings Greece closer to a March 20 bond redemption when it must make a 14.5 billion-euro payment or become the first country in the euro’s 13-year history to default. German economy begins to stall and they are sick and tired of having to support the lazy Greek socialists.

Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.

Economist William A. Barnett says Fed’s shoddy FED data, not greedy bankers, drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says. The totals suffer from the common error of adding apples and oranges or, as he puts it, subway trains and roller skates. And on top of that the Obama data manipulators change the date to make it look worse in the following updates (that no one sees) so that Obama can pretend things improve the next time.

The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.

MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Their effort is pure leftist manipulation and will ultimately cause a larger market collapse. They lied and claimed the market has higher volume that shows it has legs. The average stock market volume during market improvements has been declining under Obama at a rate that exceeds 10% a year while the peak volumes during declines still exceeds the volumes during declines prior to Obama. At this time we could either see the second shoulder of a head and shoulder decline soon or another near record decline in November regardless of who is elected.

70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.

The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.

A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because socialists have determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.

World markets

German stock market sentiment that just turned bullish now after their stock market rose 30% is a contrarian indicator. The time to sell is when investor sentiment is at its high.

Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.

Nestle SA, the world’s biggest food company, reported 2011 sales growth as it introduced the Nescafe Alegria coffee maker.

Sweden’s central bank abandoned a planned interest rate increases for the rest of the year as Europe’s debt crisis as policy makers warn that weak exports are destroying jobs Swedish jobs and the economy has stopped growing.

Spain issued 4.07 billion euros in securities maturing in 2015 and October 2019. The yield on Spanish borrowing costs rose. Spain had safety ratings cut by Moodys as Europe’s socialist economic contagion grows.

Stocks fell, the Euro weakened for a fifth day and commodities declined as Europe’s leaders remain divided over a Greek rescue and Moody’s Investors Service said it may now downgrade global banks. The cost of insuring government debt against default rose to a new high.

The car market in France declined. Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.

OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.

European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.

Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.

Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.

Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss may be hitting a limit now with a head and shoulder sell signal. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.

PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.

The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.

Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good

Yesterday
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat

This Week
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan

Market outlook February 16, 2012
Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China down –0.4%, Hong Kong down –0.4%, India down –0.3%, and Japan down –0.2%.

European markets are down today in a range -0.1% to -1.3% half way through their day.

American market futures are up about -0.4% in after hour trading at 8 AM EST.

Wednesday, February 15, 2012

The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline.

The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.

The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.

A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has already determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.

Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.

The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

World markets
OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.

European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.

Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.

Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.

Stocks advanced in Europe as China pledged to help resolve Europe’s debt crisis and the leaders of Greece’s two biggest political parties said they would provide written pledges to keep their promises this time if re-elected in exchange for a European Union-led bailout. However they may all lose their elections so their political promises mean nothing.

Moody’s downgraded Spain to A3 from A1, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.

Brazil’s retail sales rose more than analysts expected in December to almost their accelerating inflation rate.

Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.

Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.

Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”

Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss may be hitting a limit now with a head and shoulder sell signal. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy

PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.

The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.

Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable

Yesterday
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good

This Week
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan

Market outlook February 15, 2012
The world is bracing now for a recession in Europe and a slowdown in China. The EU economy contracted 0.3% last month. Market volume is decreasing at a rate of 10% per year under Obama policy concerns.

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were up last night. China up 09%, Hong Kong up 2.1%, India up 2%, and Japan up 2.3%

European markets are up today in a range 0.5% to +1.4% half way through their day.

American market futures are up about 0.7% in after hour trading at 8 AM EST.

Tuesday, February 14, 2012

USA is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% now paying no Federal income taxes.

It is reported that 70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation.

The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.

A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has determined that oral sex is safer for children under 18.

Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.

The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

World markets

Moody’s downgraded Spain to A3 from A1 yesterday, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.

Brazil’s retail sales rose more than analysts expected in December to almost the accelerating inflation rate.

The German ZEW Center for European Economic Research in Mannheim said its index of German investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 5.4 from minus 21.6 in January. That’s the highest since April 2011 and the third straight increase. It was not as great an improvement as was predicted.

Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.

Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.

European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.

Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”

Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy

The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.

Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad

Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable

This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan

Market outlook February 14, 2012
The world is bracing now for a recession in Europe and a slowdown in China.

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they are continuing to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. Net USA economic growth under Obama continues at a zero inflation adjusted rate. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were mixed last night. China down -03%, Hong Kong up 0.1%, India up 0.4%, Taiwan down –0.4%, and Japan up 0.6%

European markets are mixed today in a range -0.4% to +0.4% half way through their day.
American market futures are up about 0.1% in after hour trading at 7:30 AM EST.

Monday, February 13, 2012

The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion

The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch

Florida has an 11.9% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.

The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

World markets
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.

Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.

European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.

Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”

Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad

Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable

This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan

Market outlook February 13, 2012
The world is bracing now for a recession in Europe and a slowdown in China. Great Britain's austerity is paying off and their econ

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are beginning to rise. It had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were up last night. China 0%, Hong Kong up 0.5%, India up 0.1%, and Japan up 0.6%

European markets are up today in a range -0.1% to +1.2% half way through their day. With Greece up 1.8%

American market futures are up about 0.6% in after hour trading at 7:00 AM EST.

Friday, February 10, 2012

The stock market has having a government gridlock rally. Gridlock is much better for the economy than Obama.

The stock market has having a government gridlock rally. Gridlock is much better for the economy than Obama.
Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

The Obama administration’s decision to issue a free contraception-coverage down to age nine without an exemption on religious grounds is creating an election-year split among Democrats, with some in the party joining Republicans in calls to modify or scrap it.

Senator Joe Manchin, a West Virginia Democrat said “I feel it’s wrong, the direction and the position that the administration is taking, “I think it needs to be rebuild, return and let’s go back to where we were.” Other Democrats in the Senate, including John Kerry of Massachusetts and Claire McCaskill of Missouri, said they want the administration to adjust its rule. It would shut down many hospitals run by religious groups.

Obama campaign collection are far below targets so this week Obama announced he will gladly accept funds from evil bank PACs and yesterday the SEC announced they plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis. Under Obama’s socialism you are innocent until investigated. The move would mark a stepped-up effort to stimulate campaign contributions. The IRS said it would also step up audits of people who work for a living and should contribute more than the 100% they already pay for the 48% who pay nothing.
http://www.houstonbeats.com/board/showthread.php?p=1719570

http://online.wsj.com/article/SB10001424052970203315804577211470167644182.html

http://www.reuters.com/article/2012/02/09/banks-mortgagesuits-idUSL4E8D90NJ20120209

The two “terrorist attacks” targeting a military security branch and police headquarters killed at least 25 people and wounded 175 in Syria.

World markets
Apollo Global Management LLC said fourth- quarter profit fell 66 percent as market losses hurt its private equity holdings.
Reliance Communications Ltd. (RCOM), India’s second largest mobile phone operator, reported a quarterly profit that missed targets due to higher debts.
Spain’s Congress yesterday decided to halt subsidies for new renewable-energy projects that were bankrupting Spain and not helping the environment due to the heat and pollution of their manufacturing processes.

Donald Trump said in January that he would scrap plans for a hotel and housing at his golf resort in Aberdeenshire, Scotland, if the government approves an offshore wind farm in sight of his championship course due to open in June.
Sony Corp. incoming Chief Executive Officer Kazuo Hirai said facing the company’s fourth straight annual loss.

German Finance Minister Wolfgang Schaeuble said Greece is missing its debt-cutting targets by almost 15%, intensifying pressure on Greek politicians to deliver on austerity promises. Greece must turn its latest budget-cutting plan into law, flesh out 325 million euros in spending reductions and have its major party leaders sign up to the program so they don’t retreat again after upcoming elections. Greece has signed up before but has not delivered. The Euro slid from the highest since December against the yen after the leader of one of the Greek government’s supporting parties said he couldn’t even support the fake austerity accord needed to secure the bailout.

China’s exports declined more than 10% in December and January due to the worldwide slowdown in trade in the second half of last year that caused the Baltic Dry Index to plummet. Commerce Minister Chen Deming pledged to maintain “stability” in the yuan’s exchange rate. Exports in January “cannot make us optimistic” and are “expected to have negative growth due to Chinese New Year and other factors. Inflation accelerated to 4.5% in January for the first time in six months, and pushed up by holiday spending. That means more than half of their recent 8% growth is caused by inflation.

German exports slumped 4.3 percent from November, four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region. It plummeted further in December and January. In Germany they have a skilled labor force that is now on furlough one or two days of week and staying at home these cold winter days. Obama/Greek style union/state worker government corruption killing America.

Indonesia’s central bank cut its benchmark interest rate to slow the collapse in deteriorating trade and a declining global economy. In India there is a growing shortage of cash and people have become net sellers of gold jewelry. Interest rates are falling but just like in the USA, people cannot get loans or refinance. That has complicated the USA mortgage bankruptcy situation. Bankers in the USA are beginning to hunker down and can no longer comply with continued Obama administration attacks to raise Obama’s election campaign funds. Obama has destroyed the American economy with his corruption and the siphoning off of hundreds of $billions to support his largely dysfunctional and unemployable voting block. People are beginning to realize that the “Occupy Wall Street” was intended to scare Wall Street in an election year to “buy Obama protection”. But all the “Occupy Wall Street” people are the dysfunctional youth who are getting Obama money to attend college for free and will be dropping out and getting high as soon as the corrupting “Obama voter stimulation” ends.
.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.

Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.

The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.

Singapore Airlines’ profit tumbled 53% on rising competition and costs.

Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Brookfield Office Properties Inc, owner of lower Manhattan’s World Financial Center, said fourth- quarter revenues plunged 34 percent.
.
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as socialists continue to try to redistribute wealth to their election campaign coffers. In election years the socialists sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000. So now Obama wants Pac support too.

American Moslem welfare mother of two children on California welfare who came to international attention when she had free California fertility treatment and gave birth to octuplets in January 2009.
http://en.wikipedia.org/wiki/Nadya_Suleman

So Far This week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M

Yesterday
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad

This week
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan

Market outlook February 10, 2012
Cramer of Mad Money said this is a bull market and to buy early and accumulate. That is the curse of death to this stock market rally.

Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.

The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are now at the bottom since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China up 0.1%, Hong Kong down 1.1%, India down 0.5%, and Japan down 0.6%

European markets are down sharply today in a range -0.4% to -1.6% half way through their day. With Greece down 2.9%

American market futures are down about –0.8% in after hour trading at 8:00 AM EST.