Robert “Bob” John Chapman’s last post….


In Memory of

Robert Chapman

October 16, 1935 – June 4, 2012

…we lose another Great American. May God comfort his family and loved ones.

Robert “Bob” John Chapman, age 76, of Winter Haven, FL (formally of Mexico) died Monday, June 4, 2012 due to pancreatic cancer. He was born October 16, 1935 in Boston, MA the son of John Chapman and Ruth Donley Chapman. Bob was a veteran of the US Army, a writer of a news letter discussing finances and economics and a regular radio commentator discussing politics as well as economics and finances. Most of his working life he served as a stock broker.
Bob is survived by his wife, of 47 years, Judith “Judy” Dabrowski Chapman, son: Robert Michael Chapman, daughter: Jenifer Gillotti and her husband Matt, sisters: Dorothy Trecker and Joan Lotz and 4 grandchildren.
Committal services are Wednesday, June 6, 2012 at 1:00pm at Glen Abbey Memorial Gardens, Auburndale, FL.
Condolences may be sent to the family at www.ottlaughlinfuneralhome.com
Bob’s last website post:
June 3 2012: US economy to lag despite all its efforts, bleak view from the labor market, are states broke… how states and municipalities could bypass Wall Street, stupid decision in the economy, losses in the Economy could increase.

…..With the recent late night announcement from China and Japan as to their plan to bypass the US dollar and trade directly in the yuan and yen, this will bring about significant consequences for the US dollar’s reserve currency status. As usual the socialist media groups are doing their best to keep this out of the public eye due to future toil this could take on the already strained US dollar. As China, the worlds largest import/exporter along with Japan as a major trading partner with China’s slow withdrawal from the US dollar it only adds to the demise of the US dollar as a fiat currency will be slow and methodical, the only safe haven will be gold and silver.

The US economy with all its money printing and how interest rates still remain lagging at best and with consumer confidence slowly declining, the avenue to QE3 is being smoothly laid. With that being said precious metals are severely undervalued given the relativity as to what is occurring in the world as to where their prices should be, don’t allow an over manipulated precious metals market fool you into believing otherwise. With QE3 on its way, we should see gold prices fighting their way upwards pulling silver along with it.

The US housing market’s ongoing weakness along with its recent fall in home sales by 5.5 percent to 95.5 the lowest levels since December thus far is disappointing at best and could be the signal for the beginning of a downturn in an already lagging market.

With the housing market being one of the US economies toughest hurdles to overcome during an attempt at recessionary recovery and millions of current homeowners being underwater on their homes forcing them to be extremely cautious with their spending habits thus far causing a severe holding pattern for economic recovery, adding fuel to the fire are the abundance of unsold properties and the continuing foreclosures as is evident with the mid week report showing contracts fell 12 percent in the western US, 6.8 percent in the south, slightly lower in the Midwest, and a slight rise in the northeast. Another factor overshadowing the recovery is the faltering application demand for refinancing US home mortgages; they decreased 1.3 percent in the week ending May 25th. As would be expected, the National Association of Realtors downplayed the declines in pending home sales.

Views on the labor markets deteriorated this month. The board’s survey showed 7.9% of respondents think jobs now are “plentiful,” down from 8.4% thinking that in April. Another 41.0% think jobs are “hard to get,” up from 38.1% last month.

Confidence among U.S. consumers unexpectedly fell in May to the lowest level in four months as optimism about employment prospects faded.

The Conference Board’s index decreased to 64.9 this month from a revised 68.7 in April, figures from the New York-based private research group showed today. Home prices in 20 cities dropped in the 12 months ended in March at the slowest pace in more than a year, according to another report.

The share of Americans expecting fewer job opportunities in the next six months climbed to the highest level since November, raising the risk that consumers will limit spending. A 30-cent decline in gasoline prices since early April failed to brighten spirits, showing that more progress is needed in the job market.

“Gasoline prices aren’t doing the trick,” said Aaron Smith, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, whose forecast was closest. “We are making progress when it comes to the labor market, but clearly this is another sign that it’s still very slow going.”

Stocks gained after Greek opinion polls eased concern the country will leave the euro. The Standard & Poor’s 500 Index climbed 1.1 percent to 1,332.42 at the close in New York. Crude oil for July delivery on the New York Mercantile Exchange settled at $90.76 a barrel, down 10 cents.

Home prices in 20 U.S. cities fell 2.6 percent in the 12 months ended in March, the smallest decrease since December 2010, according to an S&P/Case-Shiller index of property values.

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About PlanetPrisoner

Christian, Patriot, Father, MacGyver, Pilot, Architect, Entrepreneur
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