thestatedtruth.com | September 2, 2010
The Black Swan Theory or “Theory of Black Swan Events” was developed by Nassim Nicholas Taleb to explain 1) the disproportionate role of high-impact, hard to predict, and rare events that are beyond the realm of normal expectations in history, science, finance and technology, 2) the non-computability of the probability of the consequential rare events [...]
thestatedtruth.com | August 30, 2010
According to the Investment Company Institute (ICI), bond mutual funds have attracted more money than equity mutual funds for 30 consecutive months through June, the longest stretch in more than 23 years.
thestatedtruth.com | August 30, 2010
The Daily Reckoning Presents AAA Ratings: A Grim Fairy Tale How the ratings agencies have managed to emerge from the credit crisis unscathed and unregulated is a mystery…and a sham.”Nothing is ever clear or certain in public,” we wrote in The New Empire of Debt. “Every error is someone else’s fault. That is [...]
thestatedtruth.com | July 8, 2010
Records are made to be broke…. By Tyler Durden 07/08/2010 The Baltic Dry Shipping Index, which contrary to what some may claim, actually is one of the best leading indicators on global trade and thus the health of the economy, continues to plunge, and is now below 2000, hitting fresh 14 month lows, at 1940. [...]
thestatedtruth.com | June 28, 2010
This spells big big trouble for the world, it effects everyone every where……………..The ECRI leading indicator produced by the Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year. It is dropping faster that at any time in the post-War era. Andrew [...]
thestatedtruth.com | June 24, 2010
Gene Inger……of the ingerletter.com Remember my comment about BP wanting to drill in 500 ft. not 5000 feet Gulf depth? Turns out that everyone (even the Pentagon and Secretary of Energy and the Pres. as well) signed-off on deep drilling. Their logic was self-sufficiency in-event war came with Iran and we needed nearly 8-10 months [...]
thestatedtruth.com | June 24, 2010
Sounds like the same thing Matt Simmons said a week ago! Quotes – Former Shell CEO John Hoffmesiter June 23, 2010… If you really want to stop a blowout the fastest way the most efficient way is you blow it in, you use explosives. 1:00 Hoffmesiter: Now the problem with that, that is [...]
thestatedtruth.com | June 23, 2010
Magnitude 5.0 – ONTARIO-QUEBEC BORDER REGION, CANADA 2010 June 23 17:41:42 UTC Earthquake Details Magnitude 5.0 Date-Time Wednesday, June 23, 2010 at 17:41:42 UTC Wednesday, June 23, 2010 at 01:41:42 PM at epicenter Time of Earthquake in other Time Zones Location 45.862°N, 75.457°W Depth 18 km (11.2 miles) set by location [...]
thestatedtruth.com | June 17, 2010
By David Beckworth Jun 17, 2010 The topic du jour in many parts of the economics blogosphere is whether there will be a double-dip recession in the second half of 2010. Some folks like MacroAdvisors see absolutely no chance of a recession while others like David Rosenberg see a 80% probability of another recession. Other [...]
thestatedtruth.com | June 14, 2010
Rick’s Picks Monday, June 14, 2010 “Phenomenally accurate forecasts” We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, [...]
thestatedtruth.com | June 4, 2010
By Jonathan Stempel NEW YORK, June 3 (Reuters) The pace of U.S. bankruptcy filings edged up in May to the second-highest daily level since 2005, reflecting the difficulty Americans have in working off excess debt even as the economy improves. There were 133,459 U.S. bankruptcy petitions filed in May, 10 percent more than a year [...]
thestatedtruth.com | May 31, 2010
thestatedtruth.com | May 30, 2010
thestatedtruth.com | May 30, 2010
Hundreds Die In Indian Heatwave Sunday 30 May 2010 Death toll expected to rise as India faces record temperatures of up to 122F in hottest summer on record. Record temperatures in northern India have claimed hundreds of lives in what is believed to be the hottest summer in the country since records began in the [...]
thestatedtruth.com | May 29, 2010
BP said its latest effort to plug a mile-deep oil and gas gusher in the Gulf of Mexico with drilling fluids has failed in stemming the flow of hydrocarbons. We now have another outlier event unfolding. By Tyler Durden on 05/29/2010 In his May 28th interview with Bloomberg’s Mark Crumpton and Lori Rothman, Matt [...]
thestatedtruth.com | May 27, 2010
This is not good any way you cook it……..The pundits are buzzing about the rapid decline in the money supply of late. The latest catalyst for the chatter is a story yesterday in the Telegraph, which ran this provocative headline: U.S. money supply plunges at 1930s pace as Obama eyes fresh stimulus.The story goes on [...]
thestatedtruth.com | May 27, 2010
This is bad for Europe especially…….the second half of 2010 may be fraut with global national disasters. Clif High from Web Bot has been warning about such events including huge earthquakes, volcanic erupsions, etc. since earlier this year, with stress to climb from July 8′th, 2010 until at least Nov 14′th, 2010. World changing events may happen [...]
thestatedtruth.com | May 20, 2010
thestatedtruth.com | May 17, 2010
Natural Disasters Fill Seers’ Calendar in 2012 By: Rick Ackerman, Rick’s Picks Rick’s Picks Monday, May 17, 2010 “Phenomenally accurate forecasts” [Lately, Mother Earth has been angrier than we can ever recall. A friend of ours with a keen interest in the predictions of seers alerted us a few years ago to the prospect [...]
thestatedtruth.com | May 14, 2010
thestatedtruth.com | May 14, 2010
Schwarzenegger Seeks New Cuts By Michael B. Marois and Christopher Palmeri May 14 (Bloomberg) — California Governor Arnold Schwarzenegger proposed a new round of budget cuts, including eliminating the state’s main welfare program for families, to close a $19.1 billion budget gap for the year starting July 1. The $83.4 billion plan calls for [...]
thestatedtruth.com | May 10, 2010
Gordon_Gekko 05/10/2010 Satellite photo of Iceland’s Eyjafjallajökull volcano May 7th, 2010 (via NASA Earth Observatory) I know right now everyone is focused on the drama playing out in Europe over Greece et. al., but there is another little sideshow being produced over there by Mother Nature which has the potential to take centerestage and [...]
thestatedtruth.com | May 10, 2010
By Larry Doyle|May 10, 2010, 12:57 PM|Author’s Website Is the American taxpayer ultimately bailing out the European Union? Far fetched? Don’t be so sure. While the focus of the European bailout is on the European Central Bank, the European Union, and the IMF, little attention is being given to swap lines which were reopened [...]
thestatedtruth.com | May 10, 2010
Tyler Durden 05/10/2010 Morgan Stanley’s Stephen Roach spoke with Bloomberg’s Tom Keene earlier, pointing out the most troubling statistic about recent market activity, which has to do with both the frequency and amplitude of catastrophes: “The crises are coming with greater frequency. Over the last 25 years we have had an average of one [...]
thestatedtruth.com | May 10, 2010
Tyler Durden on 05/10/2010 Jim Rickards, who recently has gotten massive media exposure on everything from the JPM Silver manipulation scandal, to the Greek default, was back on CNBC earlier with one of the most fascinating insights we have yet heard from anyone, which demonstrates beyond a doubt why any attempt by Europe to print [...]
thestatedtruth.com | May 7, 2010
Risks associated with the fiscal deficits. And by the way, we should note that 25 of 27 European countries are running deficits in excess of 3% of GDP. Ireland has a deficit of 14.3%. Portugal is at almost 10%. Greece is almost 14%. Here is a table from Variant Perception in London, from data from [...]
thestatedtruth.com | May 7, 2010
The solution is the problem. “Main Street is in the hands of a Roulette Wheel.” The name of the “Roulette Wheel” is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel’s foolish political [...]
thestatedtruth.com | May 6, 2010
http://www.greenfaucet.com/
thestatedtruth.com | May 6, 2010
May 6,2010 An Icelandic volcano which caused havoc to European aviation after erupting last month is set to emit a large new ash cloud after surging back to life. ”The eruption has changed back to an explosive eruption, lava has stopped flowing and most of the magma gets scattered due to explosions in the crater,” [...]
thestatedtruth.com | May 2, 2010
Here are the comparisons of the Exxon Valdez tanker spill vs. the Deepwater Horizon well blowout…………..If the 25,000 barrel-a-day estimate is accurate (it may turn out to be conservative) and the leak lasts for 90 days, that would total 2.25 million barrels, or 94.5 million gallons vs. 11 million gallons for the Exxon Valdez tanker disaster. The [...]
thestatedtruth.com | April 28, 2010
thestatedtruth.com | April 28, 2010
He Doesn’t See The Wall Of Domino’s Dead Ahead!
thestatedtruth.com | April 8, 2010
Here is the definition of a derivative……… In finance, derivatives is the collective name used for a broad class of financial instruments that derive their value from other financial instruments (known as the underlying), events or conditions. Essentially, a derivative is a contract between two parties where the value of the contract is linked to [...]
thestatedtruth.com | March 29, 2010
Arch Crawford Sets His Opinion On Outlier Event Expected To Happen Between May 1st and Nov 1st Of This Year Posted By thestatedtruth.com Is It Written In The Stars? Peter Brimelow devotes his column this morning to the latest projections from Arch Crawford. Crawford in case you didn’t know, bases many, in fact most, of his projections through the use [...]
thestatedtruth.com | March 9, 2010
China’s Challenge March 9, 2010 | 0958 GMT By Jennifer Richmond and Rodger Baker China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable [...]
thestatedtruth.com | March 9, 2010
SULTANS OF SWAP: Fearing the Gearing! Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies – but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of [...]
thestatedtruth.com | March 3, 2010
The middle class is finding itself struggling to keep what was once seen as staples of a burgeoning working class in our country. Part of this battle has come from a system that has rewarded easy finance on the backs of the working class. Take for example residential real estate. For decades, this was probably [...]
thestatedtruth.com | March 3, 2010
Buffett Vents On Financial Fat Cats By Colin Barr, senior writer Posted 03/03/2010 NEW YORK (Fortune) — Warren Buffett has an elegant solution for the thorny problem of too-big-to-fail banks: Put the bankers’ bank accounts on the line. Buffett, the chairman of Berkshire Hathaway (BRKA, Fortune 500), lashed out at the damage wrought by overpaid, [...]
thestatedtruth.com | March 3, 2010
NY State Cuts Revenue Estimate By $850 Million Posted March 3, 2010 NEW YORK (Reuters) – New York Governor David Paterson and the state legislature have agreed to reduce their revenue forecast by $850 million for the next 13 months, a state report said on Tuesday. The Democratic governor in February cut $750 million from [...]
thestatedtruth.com | March 3, 2010
Indiana Puts 17th Notch In Revenue Shortfall Belt By Eric Bradner Posted March 2, 2010 at 11:45 p.m. INDIANAPOLIS — Indiana now has had 17 consecutive months of bad fiscal news. The latest revenue report on Tuesday showed the state took in $85.5 million less in taxes in February than was predicted less than three [...]
thestatedtruth.com | March 3, 2010
The Los Angeles Unified School District’s board voted Tuesday to send notices of possible layoffs to nearly 5,200 teachers and other workers while urging union leaders to negotiate concessions that could make some of the cuts unnecessary. Members on Tuesday discussed cutting the pay of its nearly 40,000 full-time workers and shortening the school year [...]
thestatedtruth.com | March 3, 2010
Heather Knight, Chronicle Staff Writer Wednesday, March 3, 2010 More than 15,000 San Francisco city workers across all departments will receive layoff notices Friday, and most of them will have the option of being rehired to work a shorter week, Mayor Gavin Newsom said Tuesday. Newsom’s controversial plan to help reduce the city’s $522 million [...]
thestatedtruth.com | January 14, 2010
Is It Written In The Stars?– Peter Brimelow devotes his column this morning to the latest projections from Arch Crawford. Crawford in case you didn’t know, bases many, in fact most, of his projections through the use of astrology. Brimelow noted that Crawford sees not just another crash this year but dramatic societal changes to go with [...]
thestatedtruth.com | April 27, 2009
This is an excellent article from the Sunday NY Times, we should all read it, and Thank Our Lucky Stars……………….(the current best seller book, “Outliers,” by Malcolm Gladwell) explains the following very well. Although people are often quick to ascribe their own success to skill and hard work, even those qualities entail heavy elements of luck. Debate continues [...]