Three American hedge-fund traders were convicted Monday on all charges of fraud and conspiracy.
Five of the biggest companies on Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble and DuPont, have been moving their jobs over seas — a shift that’s been going on for the entire Obama presidency for most of these firms. Last year GE effectively avoided 90% of taxes that most American companies are expected to pay. Obama is an international socialist not a national socialist that puts the country first… and keeps murder and money at home. Wouldn’t it be nice to have an honest free enterprise American running America again instead of tax dodgers and wealth destroyers?
Jack Welch said Monday that: Obama gave us a “Global Warming Green energy joke” that gives bureaucrats a license to do stupid things like blow up our oil and gas industries and thus our economy. He said Obama has all piece meal things and no vision or strategy.
Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a much larger majority disapproves of his handling of the economy and even more believe he has put the economy is in a rut.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
It’s your welfare state stupid! End it stupid! Make people sweep streets and clean up their garbage for their handouts stupid, like when Clinton made people work for pay in the mid 1990’s..
World Markets:
Barely a year after Athens was granted a 110 billion Euro bailout package, the EU, the IMF and the European Central Bank are haggling over a second funding deal, while Greece's ruling party is pretending to push band aide measures through parliament. The goal is to pretend their debt rollover is now voluntary so the EU can pretend Greece is not in default.
China increased the reserve requirement ratio, which dictates the amount of cash that banks must set aside, by 0.50 percentage point to 21.5 percent, effectively reducing the amount banks can lend. The ratio has been raised six times this year alone.
Brazil applies the economic brakes of a 12.5% interest rate to slow accelerating inflation.
Many in the Middle East are shameless psychopaths who force their people to live on welfare and study the Koran so that they live worthless lives that they willingly sacrifice for their ignorant and cruel leaders. Obama shamelessly tried to curry their favor and has destabilized that region.
Gold has peaked for now and high energy prices will be a world wide deflationary threat in the near future.
US Economic Highlights
Past Week Initial
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
FED's Beige Book Jun says an uncontrolled slow down is coming,
Initial Claims 06/04 up at 427K vs. 422K last week.
Friday
Export Prices ex-ag. May rose 0.5% after rising 1.0% last month, still more than twice the inflation target of 2.5% per year.
Import Prices ex-oil May rose 0.4% after rising 0.6% last month
Treasury Budget deficit for May -$57.6B lower deficit than last month’s -$135.9B
Today
Jun 14 8:30 AM Retail Sales May
Jun 14 8:30 AM Retail Sales ex-auto May
Jun 14 8:30 AM PPI May
Jun 14 8:30 AM Core PPI May
Jun 14 10:00 AM Business Inventories Apr
This week
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 -
Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May
Market Outlook June 14, 2011
Dooms day predictions are that the 2009 low needs to be hit again to form a double bottom. Others say the decline will be over by this October.
U.S. stocks rallied early on low volume and then collapsed and ended flat.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investor’s complacency could soon turn to panic as intermediate resistance levels are close to meltdown. That correlates more with a sharper decline about to happen. There is still just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. Click on the 5yr chart and see full effect of the slowdown. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks make a stand. Asian markets were up last night. China up 1.1%, Hong Kong down -0.1%, India up 0.2%, and Japan up 1%.
European markets are up this morning in a range of about +0.4% to +1.6% half way through their day.
American markets are up about 0.6% at 7AM
Tuesday, June 14, 2011
Monday, June 13, 2011
Obama gave us a “Global Warming Green energy joke” that gives bureaucrats a license to do stupid things like blow up our oil and gas industries and th
Jack Welch said this morning: Obama gave us a “Global Warming Green energy joke” that gives bureaucrats a license to do stupid things like blow up our oil and gas industries and thus our economy. Obama has all piece meal things and no vision or strategy. Obama health care was no vision; you can’t put 40 million more people on health care programs without sharply raising costs. Jack thinks the vision for America should be productivity and innovation and to grow 3% to 5% per year, not more welfare and more entitlements. Obama is having three fundraisers today. Why isn’t he running the country instead of ruining it.
Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a large majority disapproves of his handling of the economy and even more believe he has put the economy is in a rut. That means the economy will be a dominant factor in determining how many people vote for president next year.
The US Navy intercepted a North Korean ship suspected of carrying missiles to Burma, forcing it to return to the rogue nuclear state.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
World Markets:
The Euro slid to a record low versus the Swiss franc and stayed within a cent of its weakest level this month against the dollar on concern European leaders may be unable to find common ground on a Greek bailout.
Brazil applies economic brakes of 12.5% interest rate to slow accelerating inflation.
Short selling in Hong Kong has risen to the highest level since September 2010 as concerns of slowing Chinese economic growth and further monetary-policy tightening intensify. China’s lending tumbled in May and money supply grew at the slowest pace since 2008, adding to signs that the world’s second-biggest economy is cooling.
Gold declined for a second day in London as investors sold the metal to cover losses in other commodities markets and equities.
US Economic Highlights
Past Week Initial
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
FED's Beige Book Jun says an uncontrolled slow down is coming,
Initial Claims 06/04 up at 427K vs. 422K last week.
Friday
Export Prices ex-ag. May reose 0.5% after rising 1.0% last month, still more than twice the inflation target of 2.5% per year.
Import Prices ex-oil May rose 0.4% after rising 0.6% last month
Treasury Budget deficit for May -$57.6B lower deficit than last month’s -$135.9B
This week
Jun 14 8:30 AM Retail Sales May
Jun 14 8:30 AM Retail Sales ex-auto May
Jun 14 8:30 AM PPI May
Jun 14 8:30 AM Core PPI May
Jun 14 10:00 AM Business Inventories Apr
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 -
Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May
Market Outlook June 13, 2011
Dooms day predictions are that the 2009 low needs to be hit again to form a double bottom. Others say the decline will be over by this October.
U.S. stocks were down Friday on higher selling volume.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks Fall Amid Global Recovery Concern. Asian markets were down again last night. China down -0.2%, Hong Kong up 0.4%, India down -0.1%, and Taiwan down –1.4%, Japan down -0.7%.
European markets are down this morning in a range of about +0.2% to –1.4% half way through their day.
Why can’t all the unemployed be required to work and get their welfare and unemployment payments though the municipalities and companies that hire them? That is what Clinton did for welfare reform circa 1996. Also when America was formed you did not vote unless you contributed to America and were not a felon. Of course under those conditions 50% of Obama’s constituency could not vote. That would certainly help the world recover, it would reduce illegal immigration and would make the USA the world powerhouse as China appears to have run out of steam.
Nationally, Obama’s overall approval rating is below 50 percent but public opinion surveys show that a large majority disapproves of his handling of the economy and even more believe he has put the economy is in a rut. That means the economy will be a dominant factor in determining how many people vote for president next year.
The US Navy intercepted a North Korean ship suspected of carrying missiles to Burma, forcing it to return to the rogue nuclear state.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
World Markets:
The Euro slid to a record low versus the Swiss franc and stayed within a cent of its weakest level this month against the dollar on concern European leaders may be unable to find common ground on a Greek bailout.
Brazil applies economic brakes of 12.5% interest rate to slow accelerating inflation.
Short selling in Hong Kong has risen to the highest level since September 2010 as concerns of slowing Chinese economic growth and further monetary-policy tightening intensify. China’s lending tumbled in May and money supply grew at the slowest pace since 2008, adding to signs that the world’s second-biggest economy is cooling.
Gold declined for a second day in London as investors sold the metal to cover losses in other commodities markets and equities.
US Economic Highlights
Past Week Initial
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
FED's Beige Book Jun says an uncontrolled slow down is coming,
Initial Claims 06/04 up at 427K vs. 422K last week.
Friday
Export Prices ex-ag. May reose 0.5% after rising 1.0% last month, still more than twice the inflation target of 2.5% per year.
Import Prices ex-oil May rose 0.4% after rising 0.6% last month
Treasury Budget deficit for May -$57.6B lower deficit than last month’s -$135.9B
This week
Jun 14 8:30 AM Retail Sales May
Jun 14 8:30 AM Retail Sales ex-auto May
Jun 14 8:30 AM PPI May
Jun 14 8:30 AM Core PPI May
Jun 14 10:00 AM Business Inventories Apr
Jun 15 7:00 AM MBA Mortgage Index 06/10
Jun 15 8:30 AM CPI May
Jun 15 8:30 AM Core CPI May
Jun 15 8:30 AM Empire Manufacturing Jun
Jun 15 9:00 AM Net Long-Term TIC Flows Apr
Jun 15 9:15 AM Industrial Production May
Jun 15 9:15 AM Capacity Utilization May
Jun 15 10:00 AM NAHB Housing Market Index Jun
Jun 15 10:30 AM Crude Inventories 06/11
Jun 16 8:30 AM Initial Claims 06/11 -
Jun 16 8:30 AM Continuing Claims 06/04 -
Jun 16 8:30 AM Housing Starts May
Jun 16 8:30 AM Building Permits May
Jun 16 8:30 AM Current Account Balance Q1-
Jun 16 10:00 AM Philadelphia Fed Jun
Jun 17 9:55 AM Mich Sentiment Jun
Jun 17 10:00 AM Leading Indicators May
Market Outlook June 13, 2011
Dooms day predictions are that the 2009 low needs to be hit again to form a double bottom. Others say the decline will be over by this October.
U.S. stocks were down Friday on higher selling volume.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
World trade recovery is a leftist myth. Obama and MSNBC/Pravda have been lying since he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama stops poisoning the world economy with American debt at the end of June. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian Stocks Fall Amid Global Recovery Concern. Asian markets were down again last night. China down -0.2%, Hong Kong up 0.4%, India down -0.1%, and Taiwan down –1.4%, Japan down -0.7%.
European markets are down this morning in a range of about +0.2% to –1.4% half way through their day.
Why can’t all the unemployed be required to work and get their welfare and unemployment payments though the municipalities and companies that hire them? That is what Clinton did for welfare reform circa 1996. Also when America was formed you did not vote unless you contributed to America and were not a felon. Of course under those conditions 50% of Obama’s constituency could not vote. That would certainly help the world recover, it would reduce illegal immigration and would make the USA the world powerhouse as China appears to have run out of steam.
Friday, June 10, 2011
Obama plans withdraw military support of Europe to allow expansion of world socialism. This new isolationist policy will leave little to keep the EU
Obama plans to withdraw military support of Europe to allow expansion of world socialism. This new isolationist policy will leave little to keep the EU united and means the USA will no longer defend Europe from international socialism. In his final policy speech as Pentagon chief, Gates questioned the viability of NATO, saying its members' lack of political will could hasten the end of U.S. financial support. The North Atlantic Treaty Organization was formed in 1949 as a U.S.-funded bulwark against Soviet (international communism) aggression, but in the post-Cold War era it has struggled to justify the costs. He said, "Future U.S. political leaders - those for whom the Cold War was not the formative experience (i.e. Obama) that it was for me - may not consider the return on America's investment in NATO worth the cost."
Hedge fund Paulson & Co.’s want to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt to expose illegal market manipulation by debt holders such as Bank of America Corp, Citigroup Inc. and the German central bank.
Obama is apparently deliberately destroying the American economy. A year ago, Obama said his profligate spending would not exceed the size of the economy until 2014 (in three years). Now it is revealed total debt to GDP will top 102 percent or more his year. That is the first time since World War II that debt exceeded national income. MSNBC/Pravda reported that 48% of Americans think we will be in a Great Depression next year.
Peruvian President-elect Ollanta Humala said he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist like Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly toward the western freedoms. Ollanta will focus on suppressing the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and decline is what is happening right now in America.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. So he would compromise and raise taxes. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls. People talk about a Great Depression if Obama continues giving away worker pay to people who get more from doing nothing. The Clintons and Newt Gingrich made people work for municipalities if they could not find jobs. Pretty soon they decided that if they have to work they wanted to find a real paying job that accomplished something. Welfare cost hit a low point then.
The question is when will the stupid leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s relative growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
World Markets:
Greek, Portuguese, Spanish Bonds Drop on Debt Package Concerns; Bunds Rise
Hong Kong ordered homebuyers to make bigger down payments and raised hurdles for overseas investors, widening a 20-month effort to cool surging home prices and avert defaults on bank loans. Now requiring 50 percent, Hong Kong Monetary Authority Chief Executive Norman Chan told reporters foreign buyers must deposit an additional 10 percent.
Huaneng Renewables Corp., the wind- power unit of China’s biggest electricity producer, fell 9.6 percent on its first day of trading in Hong Kong after reports the government will halt subsidies.
There are signs China may be headed towards a recession. In that case expect to take a bath as many low capitalized stocks fail.
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Three U.S. power-industry groups will set up a panel to run their own nuclear-safety review as federal regulators probe Japan’s reactor crisis.
Past Week Initial
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed.
Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Yesterday
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
Crude Inventories 06/03 fell -4.845K after increasing 2878K the previous week
Fed's Beige Book Jun says an uncontrolled slow down is coming,
Initial Claims 06/04 up at 427K vs. 422K last week.
Continuing Claims 05/28 at 3676K vs. 3711K last week
Trade Balance Apr down to-$43.7B from -$48.2B last week
Wholesale Inventories Apr down 0.8% 0.8% vs. 1.1% last week
Today
Export Prices ex-ag. May -
Import Prices ex-oil May
Treasury Budget May
Market Outlook June 10, 2011
Hedge fund Paulson & Co.’s want to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt to expose illegal market manipulation by debt holders such as Bank of America Corp, Citigroup Inc. and the German central bank. The circling sharks obliterated any residual confidence of American investors at that time.
U.S. stocks were up yesterday on extremely low buying volume.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. Obama and MSNBC/Pravda have been lying sine he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down again last night. China up 0.1%, Hong Kong down -0.8%, India down -0.6%, and Seoul down –1.2%, Taiwan down –1.8%, Japan up 0.5%.
European markets are down this morning in a range of about -0.1% to –0.7% half way through their day.
US pre-market futures are down today at about -0.2% % at 7:00AM EST after dropping again yesterday.
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to work and get their welfare and unemployment payments though the municipalities and companies that hire them? That is what Clinton did for welfare reform circa 1996. Also when America was formed you did not vote unless you contributed to America and were not a felon. Of course under those conditions 50% of Obama’s constituency could not vote. That would certainly help the world recover, it would reduce illegal immigration and would make the USA the world powerhouse as China appears to have run out of steam.
Hedge fund Paulson & Co.’s want to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt to expose illegal market manipulation by debt holders such as Bank of America Corp, Citigroup Inc. and the German central bank.
Obama is apparently deliberately destroying the American economy. A year ago, Obama said his profligate spending would not exceed the size of the economy until 2014 (in three years). Now it is revealed total debt to GDP will top 102 percent or more his year. That is the first time since World War II that debt exceeded national income. MSNBC/Pravda reported that 48% of Americans think we will be in a Great Depression next year.
Peruvian President-elect Ollanta Humala said he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist like Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly toward the western freedoms. Ollanta will focus on suppressing the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and decline is what is happening right now in America.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. So he would compromise and raise taxes. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls. People talk about a Great Depression if Obama continues giving away worker pay to people who get more from doing nothing. The Clintons and Newt Gingrich made people work for municipalities if they could not find jobs. Pretty soon they decided that if they have to work they wanted to find a real paying job that accomplished something. Welfare cost hit a low point then.
The question is when will the stupid leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s relative growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
World Markets:
Greek, Portuguese, Spanish Bonds Drop on Debt Package Concerns; Bunds Rise
Hong Kong ordered homebuyers to make bigger down payments and raised hurdles for overseas investors, widening a 20-month effort to cool surging home prices and avert defaults on bank loans. Now requiring 50 percent, Hong Kong Monetary Authority Chief Executive Norman Chan told reporters foreign buyers must deposit an additional 10 percent.
Huaneng Renewables Corp., the wind- power unit of China’s biggest electricity producer, fell 9.6 percent on its first day of trading in Hong Kong after reports the government will halt subsidies.
There are signs China may be headed towards a recession. In that case expect to take a bath as many low capitalized stocks fail.
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Three U.S. power-industry groups will set up a panel to run their own nuclear-safety review as federal regulators probe Japan’s reactor crisis.
Past Week Initial
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed.
Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Yesterday
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
Crude Inventories 06/03 fell -4.845K after increasing 2878K the previous week
Fed's Beige Book Jun says an uncontrolled slow down is coming,
Initial Claims 06/04 up at 427K vs. 422K last week.
Continuing Claims 05/28 at 3676K vs. 3711K last week
Trade Balance Apr down to-$43.7B from -$48.2B last week
Wholesale Inventories Apr down 0.8% 0.8% vs. 1.1% last week
Today
Export Prices ex-ag. May -
Import Prices ex-oil May
Treasury Budget May
Market Outlook June 10, 2011
Hedge fund Paulson & Co.’s want to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm’s debt to expose illegal market manipulation by debt holders such as Bank of America Corp, Citigroup Inc. and the German central bank. The circling sharks obliterated any residual confidence of American investors at that time.
U.S. stocks were up yesterday on extremely low buying volume.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. Obama and MSNBC/Pravda have been lying sine he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down again last night. China up 0.1%, Hong Kong down -0.8%, India down -0.6%, and Seoul down –1.2%, Taiwan down –1.8%, Japan up 0.5%.
European markets are down this morning in a range of about -0.1% to –0.7% half way through their day.
US pre-market futures are down today at about -0.2% % at 7:00AM EST after dropping again yesterday.
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to work and get their welfare and unemployment payments though the municipalities and companies that hire them? That is what Clinton did for welfare reform circa 1996. Also when America was formed you did not vote unless you contributed to America and were not a felon. Of course under those conditions 50% of Obama’s constituency could not vote. That would certainly help the world recover, it would reduce illegal immigration and would make the USA the world powerhouse as China appears to have run out of steam.
Thursday, June 9, 2011
MSNBC/Pravda reported that 48% of Americans think we will be in an Obama Great Depression next year.
Obama is apparently deliberately destroying the American economy.
A year ago, Obama said his profligate spending would not exceed the size of the economy until 2014 (in three years). Now it is revealed total debt to GDP will top 102 percent or more his year! That is the first time since World War II that debt exceeded national income. MSNBC/Pravda reported that 48% of Americans think we will be in an Obama Great Depression next year.
Peruvian President-elect Ollanta Humala said he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist like Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly toward western freedoms. Ollanta will focus on suppressing the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and decline is what is happening right now in America.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. So he would compromise and raise taxes. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed.
Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Yesterday
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
Crude Inventories 06/03 fell -4.845K after increasing 2878K the previous week
Fed's Beige Book Jun says an uncontrolled slow down is coming,
This week to come:
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 9, 2011
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to volunteer and get their welfare and unemployment though the municipalities and companies that hire them? That is what Clinton did. When America was formed you did not vote unless you contributed to America and no felons could vote. Of course under those conditions 50% of Obama’s constancy could not vote.
U.S. stocks were down again yesterday as people talk about a Great Depression if Obama continues giving away worker pay to people who get more from doing nothing. The Clintons and Newt Gingrich made people work for municipalities if they could not find jobs. Pretty soon they decided that if they have to work they wanted to find a real paying job that accomplished something. Welfare cost hit a low point then.
The question is when will the stupid leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. Obama and MSNBC/Pravda have been lying sine he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down sharply last night. China down –1.7%, Hong Kong down -0.2%, India down -0.1%, and Seoul down –0.6%, Japan up 0.2%.
European markets are flat this morning in a range of about 0.1% to –0.4% half way through their day.
US pre-market futures are up today at about 0.3% % at 7:00AM EST after dropping again yesterday.
A year ago, Obama said his profligate spending would not exceed the size of the economy until 2014 (in three years). Now it is revealed total debt to GDP will top 102 percent or more his year! That is the first time since World War II that debt exceeded national income. MSNBC/Pravda reported that 48% of Americans think we will be in an Obama Great Depression next year.
Peruvian President-elect Ollanta Humala said he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist like Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly toward western freedoms. Ollanta will focus on suppressing the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and decline is what is happening right now in America.
Obama should listen to the Clintons:
It’s the economy stupid!
It’s your anti-business policy stupid! End it stupid!
It’s your anti-middle class homeowner, and underwater mortgage house arrest stupid! End it stupid!
It’s your job killing, pro union anti American, anti Boeing policy stupid! End it stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid! End it stupid!
It’s your anti-construction policy stupid. End it stupid!
It’s your “American caused global warming scam” stupid! End it stupid!
It’s your anti-worker, pro lazy, pro illegal, pro drug, pro tax loophole policy stupid. End it stupid!
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. So he would compromise and raise taxes. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed.
Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Yesterday
MBA Mortgage Index 06/04 dropped -0.4% again after dropping -4.0% the previous week -
Crude Inventories 06/03 fell -4.845K after increasing 2878K the previous week
Fed's Beige Book Jun says an uncontrolled slow down is coming,
This week to come:
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 9, 2011
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to volunteer and get their welfare and unemployment though the municipalities and companies that hire them? That is what Clinton did. When America was formed you did not vote unless you contributed to America and no felons could vote. Of course under those conditions 50% of Obama’s constancy could not vote.
U.S. stocks were down again yesterday as people talk about a Great Depression if Obama continues giving away worker pay to people who get more from doing nothing. The Clintons and Newt Gingrich made people work for municipalities if they could not find jobs. Pretty soon they decided that if they have to work they wanted to find a real paying job that accomplished something. Welfare cost hit a low point then.
The question is when will the stupid leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
The stock market is well below the support averages! On a cash flow (not price basis) it is a lot worse. A new low support at the 2010 low is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen. There is just a little fear at this point. Look how high the VIX has to go before the bottom is hit!!
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. Obama and MSNBC/Pravda have been lying sine he got elected. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down sharply last night. China down –1.7%, Hong Kong down -0.2%, India down -0.1%, and Seoul down –0.6%, Japan up 0.2%.
European markets are flat this morning in a range of about 0.1% to –0.4% half way through their day.
US pre-market futures are up today at about 0.3% % at 7:00AM EST after dropping again yesterday.
Wednesday, June 8, 2011
Obama is apparently deliberately destroying the American economy.
Obama is apparently deliberately destroying the American economy.
Peruvian President-elect Ollanta Humala says he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist as Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly with the west. Ollanta will focus on the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and medicine is what is happening right now in America.
The head of General Motors Co on Tuesday said the U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices. "There's a lot of uncertainty about a jobless recovery, how strong is the recovery going to be? " said Daniel Akerson, who is chief executive of GM. He also said the United States must address the issue of its rising federal deficit, and that it would shake global debt markets if the country were to default on its obligations. The U.S. government, which funded the bailout of GM unions still controls the largest block of stock, 32 percent of GM's common shares. Bailout of communist unions and nationalization has been the only Obama priority besides re-election.
Obama should listen to Clinton:
It’s the economy stupid!
It’s your anti-business policy stupid!
It’s your anti-middle class homeowner house arrest stupid!
It’s your job killing pro union anti American policy stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid!
It’s your anti-construction policy stupid.
It’s your “American caused global warming scam” stupid!
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has put America under House arrest. Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% of “do nothing be happy folk” to do nothing. Basically Obama’s deliberate international socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 25% of potential working Americans now living on government handouts. He wants to get that up to 50% and guarantee his re-election for the rest of his life. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. And if you join the Tea Party or resist as this wed site resists you lose your medical treatment and job and become a burden on your family. That is how the USSR and China consolidated their power. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed in the beginning of the year.
Jun 7 Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 8, 2011
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to volunteer and get their welfare and unemployment though the municipalities and companies that hire them? That is what Clinton did. When America was formed you did not vote unless you contributed to America and no felons could vote. Of course under those conditions 50% of Obama’s constancy could not vote.
We are off QE2 and entering the summer period when people sell their stocks and go on a vacation. The US economy continues to tank because, “the main problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again, stupid.
U.S. stocks were down again yesterday after the Bernacke speech. The question is when will the Obama leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
The stock market is well below the support! On a cash flow (not price basis) it is a lot worse. A new low support is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down last night. China up 0.2%, Hong Kong down -0.9%, India down -0.6%, and Seoul down –0.8% Taiwan down –0.6%. Japan up 0.1%.
European markets are down this morning in a range of about –1.1% to –1.9% half way through their day.
US pre-market futures are down today at about –0.5%to –0.8% at 7:00AM EST after dropping sharply yesterday after the Bernacke speech.
.
Peruvian President-elect Ollanta Humala says he wants to strengthen ties with socialist Obama. Peruvian President-elect Ollanta Humala says he is a national socialist not an international socialist as Obama. The difference is the focus. Obama is focusing on destabilizing all the mid east governments that were friendly with the west. Ollanta will focus on the media and opposition groups as Castro and Hugo Chávez did before they declared themselves dictators for life. The difference is that Hitler was a national socialist and Stalin was an international socialist. One has a domestic killing machine the other has a large army to subdue free national democracies.
Where will freedom loving honest working people go if America falls to socialism too? Destroying the American economy while blaming it on freedom loving honest working people who resist nationalization of banks and medicine is what is happening right now in America.
The head of General Motors Co on Tuesday said the U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices. "There's a lot of uncertainty about a jobless recovery, how strong is the recovery going to be? " said Daniel Akerson, who is chief executive of GM. He also said the United States must address the issue of its rising federal deficit, and that it would shake global debt markets if the country were to default on its obligations. The U.S. government, which funded the bailout of GM unions still controls the largest block of stock, 32 percent of GM's common shares. Bailout of communist unions and nationalization has been the only Obama priority besides re-election.
Obama should listen to Clinton:
It’s the economy stupid!
It’s your anti-business policy stupid!
It’s your anti-middle class homeowner house arrest stupid!
It’s your job killing pro union anti American policy stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid!
It’s your anti-construction policy stupid.
It’s your “American caused global warming scam” stupid!
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has put America under House arrest. Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% of “do nothing be happy folk” to do nothing. Basically Obama’s deliberate international socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 25% of potential working Americans now living on government handouts. He wants to get that up to 50% and guarantee his re-election for the rest of his life. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. And if you join the Tea Party or resist as this wed site resists you lose your medical treatment and job and become a burden on your family. That is how the USSR and China consolidated their power. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
Obama has banking and credit tied up with thousands of pages of new government regulations and communist style controls.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May. The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said Tuesday. The number of people hired also decreased. The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. Economic growth slowed in the beginning of the year.
Jun 7 Consumer Credit Apr was at $6.3B vs. $6.0B in Feb with 1.2B USSR style manipulation of the statistic.
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 8, 2011
While socialist congressman Weiner shows the world his weenie, Obama is succeeding in tying up and destroying the American economy with government paperwork. The only thing we have to fear is fear itself so he is now heading towards using fear tactics. We must stop his welfare expansion program. Why can’t all the unemployed be required to volunteer and get their welfare and unemployment though the municipalities and companies that hire them? That is what Clinton did. When America was formed you did not vote unless you contributed to America and no felons could vote. Of course under those conditions 50% of Obama’s constancy could not vote.
We are off QE2 and entering the summer period when people sell their stocks and go on a vacation. The US economy continues to tank because, “the main problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again, stupid.
U.S. stocks were down again yesterday after the Bernacke speech. The question is when will the Obama leftists declare American Capitalism is dead and recommend communist China’s managed economy. The reason for china’s growth rate is because Americans have about 100 times more wealth and 50 times higher annual income. We can grow that fast too after Obama kills the American economy because when you are close to zero GDP any improvement is a 100% or higher growth rate.
The stock market is well below the support! On a cash flow (not price basis) it is a lot worse. A new low support is coming but it could easily break that as well.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed world stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were down last night. China up 0.2%, Hong Kong down -0.9%, India down -0.6%, and Seoul down –0.8% Taiwan down –0.6%. Japan up 0.1%.
European markets are down this morning in a range of about –1.1% to –1.9% half way through their day.
US pre-market futures are down today at about –0.5%to –0.8% at 7:00AM EST after dropping sharply yesterday after the Bernacke speech.
.
Tuesday, June 7, 2011
Obama corruption and misuse of power adversely affects American jobs. Obama has put America under house arrest.
Obama corruption and misuse of power adversely affects American jobs. Obama has put America under house arrest.
Fox news showed that the Obama business advisors such as GE’ president are still having the biggest layoffs and are moving the most jobs overseas. Obama cracked down on Boeing for wanting to move into North Carolina instead of Mexico or India because North Carolina is American and does not force workers to join communist/socialist union shops. Union shops support Obama and Obama illegally miss uses presidential power to line the pockets of socialist supporters. Obama is destroying the American economy using subversion.
Obama should listen to Clinton:
It’s the economy stupid!
It’s your anti-business policy stupid!
It’s your anti-middle class homeowner house arrest stupid!
It’s your job killing pro union anti American policy stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid!
It’s your anti-construction policy stupid.
It’s your “American caused global warming scam” stupid!
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has put America under House arrest. Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% to do nothing. Basically Obama’s inept Hugo Chávez socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 20% of potential working Americans now living on government handouts. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Jun 7 3:00 PM Consumer Credit Apr
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 7, 2011
The problem with Obama policy is that it will cause the type of stagnation that Japan had for twenty years. Obama is keeping rates low not to expand national production but to keep borrowing costs low so that he can increase debt to buy votes and create a massive welfare socialist voting block based on Obama entitlements. He can borrow at low rates now but when Americans throw these fools out and stop borrowing the interest rates will go up and that is what cripples the economy for so long unless you default and become a banana republic over night.
We are off QE2 and entering the summer period when people sell out and go on a vacation. The US economy continues to tank because, “the problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again, stupid.
U.S. stocks were down again yesterday in a precarious situation realizing adjusting payment schedules will not avoid EU government defaults.
The stock market collapsed well below the support line in just 6 hours yesterday! On a cash flow (not price basis) it is a lot worse.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen
http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were flat last night. China up 0.6%, Hong Kong down -0.4%, India up 0.4%, and Seoul down –0.7%.
European markets are flat this morning in a range of about –0.2% to+0.5% half way through their day.
US pre-market futures are up today at about -0.2% at 7:30AM EST after dropping slightly yesterday after the opening.
.
Fox news showed that the Obama business advisors such as GE’ president are still having the biggest layoffs and are moving the most jobs overseas. Obama cracked down on Boeing for wanting to move into North Carolina instead of Mexico or India because North Carolina is American and does not force workers to join communist/socialist union shops. Union shops support Obama and Obama illegally miss uses presidential power to line the pockets of socialist supporters. Obama is destroying the American economy using subversion.
Obama should listen to Clinton:
It’s the economy stupid!
It’s your anti-business policy stupid!
It’s your anti-middle class homeowner house arrest stupid!
It’s your job killing pro union anti American policy stupid!
It’s your pro Jane Fonda, anti-American patriot policy stupid!
It’s your anti-construction policy stupid.
It’s your “American caused global warming scam” stupid!
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has put America under House arrest. Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% to do nothing. Basically Obama’s inept Hugo Chávez socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 20% of potential working Americans now living on government handouts. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
World Markets:
Portugal’s and Peru’s stock markets plummeted yesterday as socialist took over and plan to default on commitments and subvert freedoms.
US Economic Highlights
Past Week Initial
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Jun 7 3:00 PM Consumer Credit Apr
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 7, 2011
The problem with Obama policy is that it will cause the type of stagnation that Japan had for twenty years. Obama is keeping rates low not to expand national production but to keep borrowing costs low so that he can increase debt to buy votes and create a massive welfare socialist voting block based on Obama entitlements. He can borrow at low rates now but when Americans throw these fools out and stop borrowing the interest rates will go up and that is what cripples the economy for so long unless you default and become a banana republic over night.
We are off QE2 and entering the summer period when people sell out and go on a vacation. The US economy continues to tank because, “the problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again, stupid.
U.S. stocks were down again yesterday in a precarious situation realizing adjusting payment schedules will not avoid EU government defaults.
The stock market collapsed well below the support line in just 6 hours yesterday! On a cash flow (not price basis) it is a lot worse.
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharper decline about to happen
http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 5yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed stagnation instead. Obama is poisoning the world economy with American debt. He hates everything America stands for and he would be pleased to have America to default for the first time in America’s history. Obama is a banana republic dictator in search of a banana republic…future America under Obama for life.
Asian markets were flat last night. China up 0.6%, Hong Kong down -0.4%, India up 0.4%, and Seoul down –0.7%.
European markets are flat this morning in a range of about –0.2% to+0.5% half way through their day.
US pre-market futures are up today at about -0.2% at 7:30AM EST after dropping slightly yesterday after the opening.
.
Monday, June 6, 2011
Fox news showed that the Obama business advisors like GE are still having the largest layoffs and are moving the most jobs overseas.
USA holds more Greek debt than any other nation. Philadelphia Fed President Charles Plosser says an exit from Obama’s inept Hugo Chávez socialist type stimulus measures should start “long before” a recovery in the U.S. jobs market is assured. Giving money to welfare never trickles up. It only trickles down into indolence and crime.
Fox news showed that the Obama business advisors like GE are still having the biggest layoffs and are moving the most jobs overseas. Obama cracks down on Boeing for wanting to move into North Carolina instead of Mexico or India because North Carolina does not force Americans to join union shops.
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Futures fell as the highest U.S. jobless rate this year fueled concern that the recovery in the world’s largest economy is faltering. The Organization of Petroleum Exporting Countries is unlikely to change targets when it meets June 8.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% to do nothing. Basically Obama’s inept Hugo Chávez socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 20% of potential working Americans now living on government handouts. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
World Markets:
Israel's defense minister says the regime of Syrian President Bashar Assad is doomed.
Coelho, Portugal’s incoming socialist Social Democratic prime minister, said he would forge a majority coalition to ensure the austerity measures mandated by a 78 billion-euro ($114 billion) bailout stay on track. He unseated Socialist Jose Socrates, and the third-place communist People’s Party, won a combined 129 seats in the 230- member parliament with all but four seats decided, according to official results. That is 14 seats more than the communist party. That means the communists need only 10% more seats to throw out the two socialist parties and establish a communist state that traditionally ignores debts to free nations.
US Economic Highlights
Past Week Initial
Initial Claims 05/28 422K 400K were flat 424K
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Jun 7 3:00 PM Consumer Credit Apr
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 6, 2011
We are off QE2 and entering the summer period when people sell out and go on a vacation. The US economy continues to tank because, “the problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again.
IPO’s of social websites like Facebook are at their most frenzied levels since the DOT.COM bubble burst in 2000. Leftist congressman Arnold Weiner does not deny a photo of his wiener was sent it to a 21-yr. old co-ed and a few hundred other girls. He is married to a beautiful devout Moslem. He is also clearly unbalanced and needs help.
U.S. stocks were flat yesterday but in a precarious situation realizing adjusting payment schedules will not avoid EU government defaults.
On a cash flow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. The stock market collapsed back to the support line in just 6 hours yesterday!
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharp decline about to happen
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed stagnation instead. Obama is killing the world economy.
Asian markets were down again last night. China NC%, Hong Kong NC%, India up 0.2%, and Japan down –1.2%.
European markets are down this morning in a range of about –0.1% to-0.8% half way through their day.
US pre-market futures are flat again today at about -0.3% at 7:30AM EST after dropping slightly yesterday after the opening.
Fox news showed that the Obama business advisors like GE are still having the biggest layoffs and are moving the most jobs overseas. Obama cracks down on Boeing for wanting to move into North Carolina instead of Mexico or India because North Carolina does not force Americans to join union shops.
Gates said last month that reductions in the number of troops and their pay and benefits might be needed to avoid cutting welfare for lazy people and the drug culture. Options include dividing the National Guard and Reserves into a strategic reserve and an operational reserve with different pay, training and equipment, Gates said. Another possibility might be moving heavy or infantry brigades into the Guard.
Futures fell as the highest U.S. jobless rate this year fueled concern that the recovery in the world’s largest economy is faltering. The Organization of Petroleum Exporting Countries is unlikely to change targets when it meets June 8.
Greenspan prefers the Ryan Plan with no tax increase and all spending cuts but he is scared to death afraid of a default even of one or two days as the risk to the world economy that we do not want to see. This problem he says will last 10 years. He said the education of the next generation and their productivity is far lower than the generation of the cold war, which is retiring. He said the economy could not afford the current spending.
Obama has 20% of Americans unable to sell their homes to move to new jobs and is paying another 20% to do nothing. Basically Obama’s inept Hugo Chávez socialist type handling of the economy created the housing market fiasco has frozen 40% of the American labor force with roughly 20% of potential working Americans now living on government handouts. That is how socialists like it because, the able and all the seniors are then on government handouts where you don’t get anything unless you register with the socialist party and wave your little red flags when they march by. It does not take long before the socialists then get 90% to 99% of the vote and suspend the Constitution and declare their dictatorship for life. Then you know how long their banana republics and Moslem theocracies last… never much more than 50 years before the people are in abject poverty. Then they only exist longer by imprisoning and killing dissidents. The socialists need to continue the recession to destroy American freedoms so that is what Obama is doing. Obama is intentionally ignoring the collapse in housing prices. Obama is intentionally destroying the middle class by taking away deductions and other incentives to get a job and own a house! Instead he gives housing stipends and food stamps so people can get great rental and abandoned housing and food stamps for people on welfare to use to buy steaks or cash at casinos while over 20% of the work force have lost all their money in their house and are now underwater and another 20% have nothing at all.
World Markets:
Israel's defense minister says the regime of Syrian President Bashar Assad is doomed.
Coelho, Portugal’s incoming socialist Social Democratic prime minister, said he would forge a majority coalition to ensure the austerity measures mandated by a 78 billion-euro ($114 billion) bailout stay on track. He unseated Socialist Jose Socrates, and the third-place communist People’s Party, won a combined 129 seats in the 230- member parliament with all but four seats decided, according to official results. That is 14 seats more than the communist party. That means the communists need only 10% more seats to throw out the two socialist parties and establish a communist state that traditionally ignores debts to free nations.
US Economic Highlights
Past Week Initial
Initial Claims 05/28 422K 400K were flat 424K
Continuing Claims 05/21 3711K rose from 3690K after Obama fudge removed
Productivity-Rev. Q1 1.8% up slightly from 1.6%
Unit Labor Costs-Rev. Q1 increased 0.7%
Factory Orders Apr dropped sharply 4.6% to -1.2% from 3.4% last month. This is the biggest decline in over a decade.
Crude Inventories 05/28 2878K rose sharply from 616K
Nonfarm Payrolls May fell to from 244K last week.
Nonfarm Private Payrolls May fell to 83K from 268K last week.
Unemployment Rate May increased to 9.1from 9.0% last week.
Jun 7 3:00 PM Consumer Credit Apr
Jun 8 7:00 AM MBA Mortgage Index 06/04
Jun 8 10:30 AM Crude Inventories 06/03
Jun 8 2:00 PM Fed's Beige Book Jun
Jun 9 8:30 AM Initial Claims 06/04
Jun 9 8:30 AM Continuing Claims 05/28
Jun 9 8:30 AM Trade Balance Apr
Jun 9 10:00 AM Wholesale Inventories Apr
Jun 10 8:30 AM Export Prices ex-ag. May -
Jun 10 8:30 AM Import Prices ex-oil May
Jun 10 2:00 PM Treasury Budget May
Market Outlook June 6, 2011
We are off QE2 and entering the summer period when people sell out and go on a vacation. The US economy continues to tank because, “the problem is defaulting mortgages stupid,” and Obama still does not get it! We need to get construction going again.
IPO’s of social websites like Facebook are at their most frenzied levels since the DOT.COM bubble burst in 2000. Leftist congressman Arnold Weiner does not deny a photo of his wiener was sent it to a 21-yr. old co-ed and a few hundred other girls. He is married to a beautiful devout Moslem. He is also clearly unbalanced and needs help.
U.S. stocks were flat yesterday but in a precarious situation realizing adjusting payment schedules will not avoid EU government defaults.
On a cash flow (not price basis) there was no new high after the last breakdown and thus a head and shoulders sell signal formed already in “Cash Flow” and is becoming apparent in price action now as well. The stock market collapsed back to the support line in just 6 hours yesterday!
.http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=m&q=l&p=m20%2Ce50%2Ce100&a=m26-12-9&c=
The VIX says investors are still very complacent but might be starting to panic. That correlates more with a sharp decline about to happen
http://finance.yahoo.com/q/bc?s=%5EVIX&t=1y&l=on&z=m&q=l&c=
World trade recovery is a political myth. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Click on the 3yr chart and see full effect of the slowdown. This was Cramer/Lenin/Pravda’s main chart for following China’s growth until it showed stagnation instead. Obama is killing the world economy.
Asian markets were down again last night. China NC%, Hong Kong NC%, India up 0.2%, and Japan down –1.2%.
European markets are down this morning in a range of about –0.1% to-0.8% half way through their day.
US pre-market futures are flat again today at about -0.3% at 7:30AM EST after dropping slightly yesterday after the opening.
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