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It’s crunch time — less than 24 hours before the Federal Reserve announces what it’s going to do with interest rates. But I urge you not to lose sight of what’s happening in the “real world,” either … because the news there is far from encouraging.
First, technology giant Hewlett-Packard (HPQ) said it would slash as many as 33,000 jobs over the next couple of years. Some of the cuts are tied to weakening demand. Others stem from the fact HP is going to split itself into two separate publicly traded companies, one focused on corporate hardware and services and the other on personal computers and printers.
These aren’t the first major layoffs at HP, either. The company already announced it would shed 55,000 jobs, meaning total attrition will sum to almost 90,000 employees. Severance and other costs could total $3 billion.
Second, leading transportation firm FedEx Corp. (FDX) whiffed on fiscal first-quarter earnings – saying it made $2.42 a share rather than the $2.45 a share expected by analysts. It also warned that full-year EPS would come in between $10.40 and $10.90, compared with a previous forecast of $10.60 to $11.10.
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| FedEx’s issues aren’t company-specific matters and are reflective of the entire economy. |
What matters more to me than the disappointing EPS projections are the reasons behind it. FedEx blamed slower worldwide manufacturing, trade and freight activity, as well as rising costs. Those aren’t company-specific issues. They’re major economic problems that could impact a wide variety of firms as we head into earnings reporting season in a couple of weeks.
In other words, so much Wall Street attention remains focused on central bankers that it’s easy to forget there’s a real world out there that influences corporate sales and profits, too! That brings me to one additional chart I feel the need to share with you.
This shows the wholesale inventory-to-sales ratio for durable goods. Or in plain English, it compares inventories against sales for everything from cars to computers to metals to furniture. A low ratio indicates that inventories are lean and mean, while sales are strong … signs of a healthy economy.
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| Inventory-to-sales ratio, durable goods, 1999-2015 |
What should jump out at you here is that this ratio has been rising substantially over the last few quarters. It’s now running at roughly the same level we saw at the onset of the 2000-01 recession, and the worst since the tail end of the 2008-09 Great Recession.
That means manufacturers could soon be forced to slash output in order to get inventories back under control. And that’s exactly the kind of thing that has historically led to much weaker (or even negative) GDP readings … not to mention some nasty stock market performance.
Bottom line: Don’t let Wall Street’s obsession with any and all things central bank-related blind you to the real world. That real world is sending out some troublesome signals, and those signals only add to my desire to be cautious and prudent here when it comes to investment risk.
So what do you think of what HP had to say? Or FedEx? And how about these bloated inventories? Are they worrisome signs for stocks, or nothing much to worry about? Should the focus remain on central bank actions, or real-world earnings and growth trends? Hit up the Money and Markets website and share your thoughts when you have time.
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The countdown to the Federal Reserve decision is well underway, and many of you shared your view of what the Fed might do – and what impacts it will or won’t have on the markets and the economy.
Reader Howard said: “Economies grow when investors have the confidence to take risks. Intervention from the Fed is just an impact on confidence.”
Reader Bill said the Fed needs to raise rates, and that it could actually help support stocks: “We are in an out of control market because of all the free money. Hiking is actually what they have to do and should have done back in January 2015. They need to raise rates progressively and slowly over the next two years to bring inflation up between 2% and 3%.
“The bond market is not going to do that well for another five years. But equities will do great, and even interest rates on savings accounts will rise with inflation and hopefully a bit more. The value of the dollar will come down and it needs to to make our exports more competitive.”
But Reader Stu said the markets are already wavering, and a Fed hike will only make a bad problem worse. His take: “To raise rates or not — it doesn’t really matter. Even if Yellen stands pat, it’s my belief we are already in a bear market. So conservative investors (especially) would be wise to follow your good advice Mike to ‘lighten up dramatically’ on short-term rallies.
“The financial pundits may convincingly argue for a myriad of reasons why the Fed must (and will) raise rates now; and that the markets can absorb it. But the talking heads don’t mention that the world is drowning in debt and is hanging in there by a thread. So if Yellen does indeed raise rates this week, you can probably expect the markets to react very violently.”
Reader Tommr also picked up on the idea that stocks are in trouble regardless of what the Fed does, saying: “I think the markets are already in a bear. It’s a stealthy, slow-motion kind of a bear that began in mid-April of this year. Many stock prices are down significantly since then. Only a few large and popular names have been [able to] hold the indexes up.”
But he added that investors shouldn’t panic, offering this advice: “What to do about it? Nothing, because that would entail market timing! If you think you can successfully time the markets, good luck. It has never been done except in a few rare cases where someone got incredibly lucky.”
I appreciate all the comments. I think markets are indeed in trouble because it’s not all about the Fed or the ECB or BOJ anymore. We have real economic, emerging market, and credit market problems that are manifesting themselves behind the scenes. Stocks are likely to play “catch down” to those over time, regardless of what Yellen does or says tomorrow.
As for what to do about it, I disagree with the strategy of just standing pat. Many Wall Street firms and mutual funds remain close to 100% invested, and margin borrowing recently hit its highest level ever. That means we could be in for a potentially ugly period of stock market performance. I don’t consider it market timing to raise more cash and attempt to side-step downturns — when and if the risk is great that they will be more than garden-variety corrections. I feel like that’s the case today.
But I also recognize there are two sides to every market. So you may disagree with me. Regardless of which side of the debate you come down on, though, I’d love to hear your views over at the Money and Markets website.
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Will even more consolidation come to the beer aisle? That’s what Anheuser-Busch InBev NV (BUD) is reportedly shooting for, offering to buy its main rival SABMiller PLC (SBMRY) for more than $75 billion. The deal would provoke an intense antitrust review around the world, considering the companies would dominate approximately one-third of the global beer market if they combined in their current form.
Ironically enough, considering I just had my teeth cleaned today: Dentsply International (XRAY) just said it would merge with Sirona Dental Systems (SIRO) in a $5.5 billion transaction. The move consolidates two dental supply firms that make everything from dentist chairs to 3-D tooth imaging systems.
The U.S. and Russia don’t exactly have the smoothest working relationship, with the latest battle focused on the nation of Syria. Russia is backing Syrian leader President Bashar al-Assad with weapons and training in his fight against domestic rebels, while the U.S. has been supporting another group in the region because that group is fighting ISIS.
The question now is whether President Obama will try to engage with President Putin, meeting face-to-face for the first time in ages to try to hammer out a compromise. Both leaders will be in New York at the United Nations later this month.
The farce that Chinese markets have become was on full display overnight, when the Shanghai Composite Index fell all day until the very last hour of trading – when it miraculously rose like a phoenix to close up 4.9%. China’s government has already spent an estimated 1.5 trillion yuan (or about $250 billion) to artificially prop up stocks, and it looks like another batch of billions must have been used again.
So what do you think of the latest mega-suds deal? Or our potential engagement with Russia over Syria? And how about that Chinese volatility? Let me hear about it over at the website when you have time.
Until next time,
Mike Larson
Mike Larson graduated from Boston University with a B.S. degree in Journalism and a B.A. degree in English in 1998, and went to work for Bankrate.com. There, he learned the mortgage and interest rates markets inside and out. Mike then joined Weiss Research in 2001. He is the editor of Safe Money Report. He is often quoted by the Washington Post, Reuters, Dow Jones Newswires, Orlando Sentinel, Palm Beach Post and Sun-Sentinel, and he has appeared on CNN, Bloomberg Television and CNBC.
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go back to no money mortgages with no verification.
One would think that the lower fuel prices should be helping their expense line.
I don’t think we should worry about ISIS or get involved in defeating it. If the countries around them don’t care to fight to stop ISIS then they don’t deserve to survive. If they do care, then perhaps they will act to defeat the ISIS menace without our involvement. Those countries as a whole have always fought between each other and within themselves over superficial issues which are not only none of our business but also so irrational that it is plain stupid for us to get involved. The issue of Putin supporting Syria is just a come-on to distract us and draw us in. He’s worried about ISIS taking over the Russian seaport and military base there so lets leave him to his own devices. We need to generally follow a non-interventionist foreign policy and cut the military budget by 60% to begin with, then more later.
Turkey is the only boots on the ground force with power to destroy ISIS, and they have done a bit of bombing, but they are more concerned with defeating Kurdish efforts to set up a homeland in the southeastern part of their country (and northern Iraq). It is a geopolitical mess over there, and our bombs can do little to prevent the Caliphate from happening. If we would try to send in the force needed, we might find ourselves involved with the Russians, who support Assad, and have now sent in marines to protect their naval base at Tarsus.
What do you bet Putin will lean on Assad to let them build an air base there also. He would be happy to send more arms to Assad in payment.
I listen to the talking heads on CNBC, FOX and Bloomberg talking about how Yellen should raise or not raise….do this or not do that. The problem is……….NO ONE but God really knows what to do or what not to do if you want to artificially manipulate the U.S. economy…..much less the world economy. And THAT is the problem with having a CZAR trying to do just that. If the market is going up…….the CZAR will be praised as a god. Once it starts going down big time……he or she will be pilloried (just wait to see what happens to Yellen when this next big collapse comes…..her name will be…..well….. something worse than mud). The Soviet Union and their communist central planners tried manipulating their economy for years with no success. Why would we think our economists are any better because they went to Haaaahhhvvvvvaaaddd or Yale? NONE of them predicted the 2008 disaster. The Fed was like a deer in the headlights. And so it will be on the next go-round.
It seems that the Fed has a tiger by the tail, and it’s clearly one of their own making. I have never believed that our economy was really recovering from the ’08 collapse except in the highly inflated world of Wall Street, and this was set up by the zero interest rate deal.
The entire World is over its head with debt, and the Central Banks are now going to do what? More QE? Yeah, that really works! Mike is spot on about taking your profits off the table before they go bye-bye.
FedEx is using some smoke and mirrors and blaming the economy for their lack of marketing. Fuel prices have dropped dramatically in the past year and eCommerce such as Amazon, Alibaba, eBay and even Walmart.com have all increased, but FedEx says the world manufacturing slowdown is to blame. FedEx has, in my opinion, just failed to increase their market share. I have noticed that my Amazon deliveries have dramatically shifted away from FedEx to UPS and UPS SmartPost (partnership with USPS) over the past year. Despite a slowdown in global manufacturing, I think FedEx has just missed the plane (pun intended) and they need to adjust their model and get more aggressive on marketing in order to improve their revenues.
I have no position in FDX or UPS but have been watching them for about a year and neither one impresses me, to be honest. I am long in maritime shipping companies like NAT, and NMM, FRO and DCIX and while growth has not been stellar, the dividends have been steady and earnings keep chugging along.
I think FedEx is just making excuses for not keeping up with the competition.
FedEx is losing market share because their costs are too high… They need more volume to get their revenue back up to what it was in the past… Other carriers are beating their pants off rate-wise… Only 5% of my shipping goes to FedEx now since other carriers are much more cost effective and gives me a better bottom line.
Dr. Don is correct that Fed Ex costs are high. They will could bring down costs per unit with higher volume, but they need to lower their prices to gain the volume. They may need to lose money for a few cycles to get the volume they need. Bean counters may make that difficult.
My advice to Putin is “don’t turn your back on Obama”.
As far as a compromise on the issue with Syria, there is no compromise with American Exceptionalism. Do as I say or else is the only deal that will be on the table.
Is it “Market Timing” or not? I think every active investor engages in market timing and that includes myself! Any decision to buy or sell anything is second guessing the markets. If one deviates from simply buying, and never selling, broardly diversified index funds or not buying anything at all, that’s timing the market. Of course if the true meaning of a term does not square with you, well just change the defenition! People do that all the time.
The point is NOT that we don’t all in some way try to time the market, but rather how bad we are at it most of the time.
The universe works in mysterious ways but tilts toward justice. HP has been profiting from Israel’s illegal occupation of Palestinians for years. This economic downturn is one way that justice is brought to HP. Any reader who appreciates moral justice can also BDS (Boycott, Divest and Sanction) GE, Sodastream, Motorola, Caterpillar, G4S and any product made by Israel. Business can be played so that it works for everyone.
Not saying Israel’s occupation of Palestinian land is moral or decent, but it is no more illegal than our occupation of Native American lands. Think about it.
So Ojai, on whose historical land do you live and where is ISIS migrating to?
I think that would be a good idea for the Fed to wait until the end of the year since
we live in a global economy and see what the global markets are doing before they
add more volatility to the markets.
Governments can not resist the temptation to meddle in the markets. It’s just that the Chinese, with their history as control freaks, do more of it and cause more damage, though we are working hard to catch up. The ideal solution would be to step back (depression of 1919-21), let the market flush flush out the refuse and move on from there.
As for China; “She’ll be barreling down the mountain when she goes, she’ll be barreling down the mountain when she blows!!”
It is still a mystery to me how real world negative economic news and reality can be ignored. That funny money created out of thin air has sailed a lot higher than I ever thought it could?
Mike S. – TONIGHT IT’S GOING TO BE A STREET FIGHT WITH SMOKE AND MIRRORS…
The stakes for the debate tonight are infinitely higher than the outcome of any battle royal.
American’s ignorance has left them unable to recognize presidential politics is playing out like professional wrestling with all its smoke and mirrors.
Tonight’s debate will have lots of smoke and it will be real and in earnest.
Will this smoke start a fire…?
A fire that has the potential to burn what remains of this country and its few existing freedoms to the ground like the current administration has done…?
The RNC establishment plan for this evening will be to attack Trump and it will be lead-off by the single digit losers.
The RNC is already polling Carson as the man… Whether his blackness has anything to do with it is unknown, nonetheless it is very likely… There might be a bait-and-switch scam in the last round before the bell sounds…!
The RNC storyline is Carson and Fiorina the two outsiders, one with a dismal record as far as business acumen and the other who is a gentle healer with no business acumen and even less political savvy…
The establishment is very afraid of Trump because he has captured the indignation, temperament, disposition, and temper of Americans…
However, the Bush gang has no shortage of dirty tricks…
So get lots of popcorn, some soothing drinks, and even a tranquilizing sedative just in case, and watch the smoke and mirrors dazzle and entertain… It promises to be a street fight with at least six candidates that have nothing to lose…!
Donnie
In 2016 we need a POTUS who is outside of Washington and has a pair. A really big pair because the job that has to be done is to bring this country back to our beginnings. We have so much red tape and bureaucracy to clear out, built up through endless administrative stuff ups. Mr Obama is a golfer who promised us ‘Yes we can’. No one with real capital will invest with a token result.
Amen Howard… Spot on.
Dr. Don, Boobus Americanus may well win, because he is so much like most of the rest of us, but do you really want to put the 1% in the White House, as well as having effective control of Congress? Ben Carson seems like the best man the Republicans have put forward, but he seems too socially conservative for me. Carly seems like a 1% wannabe, and didn’t do too well at HP. Trump has been successful in business, at least, with the help of a passel of lawyers. If Carson seems to come on strongly, he may get sued.
Chuck
Most of these people are on the same side coming from different angles. Watch for the smoke and mirrors.
‘Can’t really see the mirrors for all the smoke. LOL!
One of the biggest problems we face is the fact that Congress has abrogated its Constitutional responsibilities for fifty years. As a result, the real power in government is in the hands of people who never have to face the electorate. They also get 36 per cent higher pay than their private industry counterparts and they get excellent free healthcare and awesome pensions. We don’t get relief because the people in Washington have it so good they don’t see how the rest of the country struggles. We work for them instead of them working for us. Solomon would struggle to undo this mess. Jim
Politics and Smack Down go hand in hand. One and the same. Washington has become Smack Down. Smack Down Presidents and Divas; all a big show with high ticket prices.
Mike
We encouraged oil self sufficiency to be independent, not necessarily to lower oil prices. Look back in the 1980’s to see how flat oil prices were and for how long. Are we going to let our investment in shale oil hang out to dry, because of over production elsewhere? Maybe protecting ourselves is not such a bad thing, because if it goes under, who will ever stand up again and put money on the table to defend us. The Saudis haven’t got anything else. Of course they’re going to flood the market and fight.
Yes Howard, it’s high time for Americans to embrace protectionism once again…
That means fewer foreigners either legally or on legal work visas…
America needs to put Americans first and then call on outsiders who have been properly vetted for criminal and subversive backgrounds.
If American need to be retrained then I rather see my tax dollars spent that way than supporting anchor babies born to illegal unlawful migrants…!
Thank you
Hi again Mike:
I want to take issue up with Hewlett Packard (HP) problems. It is called international competition and that is what is killing them because of Free Trade Agreements with countries with a deflated monetary system compared to ours. Our products are too expensive for them and theirs is affordable by us in the USA. I work for DOD and we are finding the quality of electronics is equal. Computers today are replaced about every four years for two reasons first faster and more memory and second operating system changes. An example, is I own an HP computer at home and also one at work and HP Support is just not there because we are sent to foreign countries such as India or places in Sout America for personal computers and the communications support is so bad, I end up googling it to solve my problem on forums. DON has NMCI for both purchase of HP computers and servicing them via phone and pushes and our downtime is worse than my personal downtime resolving the problems on forums. DON personnel are not allowed to touch those contracted computers. So what am I saying, HP has I house problems that are not due to competition, it is because they like many companies want to point the finger at anything but their own backyard. Lastly, I think raising the FED rate makes sense because it would lower the value of our dollar value to make our goods more attractive overseas, help our financial institutes to raise their rates so people address their debt problems so they don’t become the Bank’s problem or the Government. I can go on and on, but, I think a rate increase is good for the economy and stocks.
Bill
It is not so much that the $US is strong. It is because central banks are controlling risk and standing in the way. When it is realised that they have played their hand and no more aces up their sleeve, that’s when things start to become interesting. You see we can’t pay back the debt and we have so much unfunded liabilities going forward.
There is one point of Sharia law that seems to make sense: it forbids charging interest. If you need to borrow, you contract to pay a certain fee within a certain period. You know in advance what it will cost, and the lender knows how much profit he will make. We need to get rid of that whole interest rate quandary. Give the Prophet credit on that score, at least.
I suppose if you don’t payn up, though, you lose your head.
Or your first born…!
Needs to be explored… I’d like to have a guaranteed fee…
As for the beer deal, by the way, I could care less. I wouldn’t choose any of the pee -water either company makes. I stick to craft type beer, mostly DuClaw or Heavy Seas.
As for the dental merger, it is symptomatic of what is happening throughout the healthcare industry, as government money goes into strong hands and is used to best advantage. If Obamacare had been defeated, almost none of that merger activity would be going on. America seems to keep slipping in healthcare since then, as it climbs in cost.
“Fed Ex blamed slower worldwide manufacturing, trade and freight activity, as well as rising costs.” you say. Slower activities and rising costs sounds like Stagflation is on the horizon, which I am fearful of. And guess what, Transportation is showing the way again.
Perhaps if your rates are to damn high you are going to experience what might look like slower manufacturing…!
Transportation including the other courier services are not doing very well as a whole for some time now. I use FedEx to send documents international when I need to make sure that it will be delivered in time; but yes they are too expensive for most situations. I don’t know how much longer I will use FedEx because DHL showed up for my last pick up call to FedEx.
Will, you might have a good point about stagflation. If so, remember what happened to the markets the last time we had that.
More mergers for breweries; wasn’t that long ago that Heinican bought out Tiger Beer. Large brewery stocks should at least be able to survive, and could turn out to be a safe haven; I know I will not be the only one having a beer or two.
You’re right, Mike, we’ll soon be experiencing “more than garden-variety corrections”. I believe the stock markets of the world this week are in their last hurrah. By this time next week I expect the party to have topped out, after which we’ll begin seeing aggressive downward moves that will test August lows very shortly. Selling into strength “to raise more cash and attempt to side-step downturns” is not only smart, it’s a prudent way to preserve capital. By keeping your powder dry, you get to live (trade) another day.
Chinese stock volatility? Seems to resemble US stock volatility. Just wait until the Fed forms their own “plunge protection team” and they start buying equities. Dow 25,000 here we come!
The Fed is out of ammo… They have squandered whatever pizazz they had…!
Already happening!
The fools at the central bank are frozen, have no idea what damage they have done to the global economy with their ZIRP over the past several years. Can only end badly, very badly, sorry to say for all of us.
The thing about ZIRP is that they only have one move to make – higher rates. And the fools may just think they have to do something.
HP is a hardware company.You build and sell a toaster at a price.Someone will come along and build one the same or better than yours at a lessor price.
This is how I see Apple.I have nothing against Apple,they sell good products and have excellent marketing though their hardware is over priced.That is why I believe Apple will get hit as HP is getting hit.Someone will build an Iphone that is just as good or better at half the price.The same will happen with other products from Apple.I love history.
The Microwave came out in 1976.It sold for $3,700.It was call the Radar Range.Through the years the price kept falling until today at $60.
Pity the ignorant central bankers that can’t seem to jack up inflation to 2%. All increased interest costs will do is to reduce the purchasing power of the 70% of the U. S. economy that are consumers whose real incomes continue to decline. And how about the nascent recovery in the housing market when rising mortgage interest rates price out the large number of marginal purchasers whom are now in the market? A third of the floor space in my neighborhood Target store is now dedicated to food, including fresh produce. Twenty years ago only candy gift boxes were present. In Colorado Springs there are now four grocery only Walmart stores. And what about Walmart’s continuing sales declines even with the cheaper Chinese imports from our currently strong dollar? The Chinese still have plenty of dollars to subsidize their exports: we don’t and will lose any trade war!
Gosh George, you don’t live in Obama’s (and Mike S.) progressive America where unemployment is nil, business are thriving, homes are selling for top dollar, low interest loans are being made right and left, and I bet you don’t even drive a Tesla coupe.
Hope you managed to stockpile cash, guns, ammo, gold, silver, and lots of food, cause it’s gonna get worse before it gets better and it doesn’t matter a hoop or holler what the Fed, stocks, or who is elected president.
I’d be watchful for earthquakes and volcanos between now and February 2016 however especially be fore and after the eclipse. Oh wait we just had a big one in Chile a few hours ago…
My neighborhood Target still has only frozen/refrigerated foods, but they seem to have replaced many things I used to go there for with more stylish, upscale, higher margin items. I seldom go there anymore. Walmart does a little better at holding the line.
I have been with you from your beginning at Weiss. I am a word smith like you. You are doing a good job grounded in what appears to be valid research from your staff. When I read however, I wish to know the valid credentials of those speaking or writing. My time is too limited to waste time on speculations or opinions with no basis nor origin in fact—just their gut opinions like those of ” your readers speak” It might make them feel good to see themselves in writing, but it is a waste of time and space! Those of us who have spent, since the 70’s following Martin wish the facts, and only the facts, and as brief and concise as possible. We want to get on with buying the best and selling the less productive within the economics of the times.
sam
Right on. The “readers speak” posts are just theater, including the uninformed, grammatically incorrect musings of people who have no basis for what they say (or are just frustrated comedians). I think it’s fair to say that Mike pays them no mind (and edits them liberally). Of course Mike doesn’t know which way things are going either (he says sell, and if he’s wrong, you’ll only miss out on some gains).
And if he wrongly says “buy”, you’ll lose some bucks.
I thoroughly enjoy reading the diverse opinions of friends and neighbors. Keep it up, Mike. Jim
I have access to many websites. This feature of yours is the primary reason I read your website literally every day. Free expression is a very healthy exercise for all involved. It’s good for business. Jim
I agree, Jim. When we stop posting it means we have lost interest.
It’s also very good for me when I’m savaged for saying something really stupid. Jim
Aye-Aye!
I do not believe we’re going to see the Fed’s do anything besides posture this year. Especially since the “IMF” asked them not to. But I don’t believe it’s going to make any difference, market wise. The market is waiting on “any ” reason to dump, regardless of what they do. I am looking for a nose dive as Yellen starts her speach. Quick, 2 to 3 days worth, then level off. Wishing everyone luck and good trading!
After six years on the up-side, we just might be due for a bit of the downer.
To many of us in Europe, US–Europe engagement re the catastrophic humanitarian refugee crisis is considerably more important than US-Russia engagement re Syria. After all, US initiatives in Afghanistan, Syria, Iraq, etc. (along with those of their allies) have undoubtedly contributed very substantially to this unending tragedy. Yet, despite its huge resources and landmass, there seems complete silence from the US about taking refugees. While the US population may be largely less aware, and isolated by thousands of miles from the previous armed initiatives, they should be aware that the situation will make an enormous impact on the economies of some European countries and could ultimately destroy the cohesiveness of the EU as well as its relationship with the US.
Regards
Ron
Europe is just beginning to have the refugee problem – the U.S. has been dealing with refugees from Latin America for some years. Before that, from Asia. And from Europe after WWII. Good luck, Europe.
Ron, you are being invaded. ISIS announced in Feb. that they were going to send 500,000 Muslims into Europe, and they are doing that and more. Look it up if you don’t believe my Feb. statement. Europe is committing suicide because these Islamist are not coming to assimilate, they are coming to conquer. Why is the EU not using its navies to stop and turn back these invaders? We are taking in these people too, and it is akin to implanting cancer cells into our own body. Obama is bringing in thousands more too! Western culture and civilization is on a death watch.
Ron, every calamity you mention will happen in Europe… Your progressive liberal governments infected with diversity is coming home to roost.
Americans do not want thousands of Muslim migrants invading their country because the ones already here have not assimilated and are the drag on our economy and welfare because they do not work they do not speak English, and they get free medical care while Americans pay their share and have to wait in line for them.
Your European governments are getting precisely what they asked for… If you are unhappy about that you probably should have been more careful about who you elected…!
Americans are beginning to realize the all-inclusive diversity dogma of the liberal progressives is in direct opposition to the continued existence of the UNITED (opposite of diversity) STATES…!
I didn’t watch the debate last night. Better things to do. Carly Fiorina apparently won, according to things I’ve seen this morning. One clip showed The Donald telling Carly how beautiful she is, in a very dead-pan voice, then looking away. He didn’t win any women’s votes with that one. He usually comes across as unemotional – therefore not very caring – anyway.
I couldn’t get excited about any of them, however, I did take away the feeling that any of them would be an improvement over what we have at present. Jim
Hey Oscarr, will she push the button Janet? She has no choice but to raise it 1/4PT. It’s not really lift off. Just activating the engines. And the 1/4PT. Will not rise for some time. I’m more concern about Operation Jade Helm and it’s effect on the big cities.
I don’t care for either Hewlett Packard or federal Express. If I had to make a choice between them, I would take Fed Ex.
China will go the way of Japan while the rest of the developed world leads to diminished spending due to declining demographics. The markets are on course to make a lower low than seen in Wave 4A down (2009). The rally from 2009 wasn’t a real bull market, just a Wave 4B with over-lapping structures. But the decline in Wave 4C will be a doozy! Exciting times coming in the market..