Net Worth Percentile Ranking By Age

| June 5, 2017

Here we go, figure where you stand with these age/net worth breakdowns… Net Worth Summary Statistics for Households Aged 25 to 35 Net Worth Percentile Rank : A net worth of $0.00 for ages 25 to 35 ranks at the 22.67% Median Net Worth : $16,000.00 Mean Net Worth : $100,146.00 Net Worth 25th – […]

Entitlement Vs. Investment Spending By The Government

| September 16, 2016

We’ve known this was going to be a problem for a long time…

Social Security History Lesson

| March 18, 2016

A History Lesson About Your  Social Security Card Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed. Franklin […]

A Broken Society – The American Middle Class Has Disappeared Into The Sunset

| October 21, 2015

Credit Suisse estimates that there are now 25% of Americans that are in the situation of having a negative net-worth. And…the Social Security Administration just released some stunning facts. The following are some of the numbers that really stood out! -38 percent of all American workers made less than $20,000 last year. -51 percent of […]

Global Aging Will Change The Future Of World Economies

| October 19, 2015

Global aging is here…and it will change the world as we know it!

The Perfect Witches Brew…..

| June 24, 2014

The Baltic Dry Index just delivered its worst first half of a year performance ever…yes, we said EVER!  This signals a slowing economy. Beware Wall Street, where we have record margin debt combined with incredible complacency…This is likely a perfect witches brew, setting up a variety of outlier events by year end 2014! By definition: The Baltic Dry Index (BDI) is a […]

The United States Antitrust Law? Does It Still Exist!

| November 25, 2013

                                  Op-Ed      The Stated Truth Elitist Defeatism Of Real Competition In A Slow Growth World For markets to grow in a capitalist society, it is imperative to have high levels of competition. The more competition the better. This helps innovation and has been the backbone of our economy over the last 102 years or to be […]

I’m Smarter, That’s Why I’m Richer Than You – Is The Rich War Cry…Uh, Maybe, Then Again Maybe Not!… But Either Way Governments Are Getting A Little More Desperate Now, And The Rich Are Making Themselves Into Very Colorful Feathered Targets For New Mega Wealth Taxes!

| November 5, 2013

The easy target with colorful feathers spread wide are the rich and the super rich.  Ice Cap Asset Management explains and the IMF builds the case…..Absent economic growth, higher taxes are the only perceived option. Be prepared. Ice Cap in summary….”Meanwhile, our analysis of the global economy continues to show a lack of any acceleration. Instead growth remains […]

A Travesty Of Grandiose Proportions

| October 27, 2013

Never before has the world seen such disparity of wealth between rich and everyone else.  Out comes the pen and off goes another letter to our worthless Congress.  Will they even read it? John Maudlin, in his new book Code Red, (to be released on Monday, Oct. 28) reviewed the latest key figures concerning record wealth disparity, and it’s a […]

Say It Ain’t So….The Hemisphere Project (Formerly Known As) Hudson Hawk) Involves Over 4 Billion Recorded Phone Calls Per Day

| September 2, 2013

Here is a spaghetti chart created by the WSJ of the US telecom space. It lays out roughly how many current subscribers (many  from other carriers) pass through  US telecom giant, AT&T.  Submitted by Tyler Durden on 09/02/2013 16:02 -0400  www.zerohedge.com The reason for this is that according to the latest revelations from the NYT, which […]

Bad Seats…Hey Buddy!

| March 12, 2013

Hmm…This from the very successful Kyle Bass We are right back there! The brevity of financial memory is about two years. I don’t get paid to be an optimist, I don’t get paid to be pessimist, I get paid to be a realist – and a prudent fiduciary of the capital, and then if i […]

Did We Read This Right…..They Gotta Be Kidding, Nope They’re Not Kidding

| March 8, 2013

Here are the key words from below:  Two categories of spending represent 12.5% of all discretionary spending. These costs go up when the economy is weak, they have never, repeat never declined. Consider just these two components of the discretionary spending budget; (1) Food Stamps, and (2) the Earned Income and Child Credits. 1) Food Stamps cost the government […]

Retirement Market Assets Are Looking Much Better…But We Have A Long Way To Go

| March 8, 2013

Hmm….the average working age person has only about $79,651 saved up for retirement. That works out to about  $416 per mounth of retirement payout if retiring at age 62. ICI recently released their retirement plan data through Q3 of 2012. The chart of the day shows the real (inflation adjusted) total retirement market assets per working age citizen […]

The Consumer Appears Taped Out As Income Dropped By The Most In 20 Years…At The Same Time A Trap Door Just Opened, Taking The Savings Rate Back To 2007 Levels

| March 1, 2013

How do we define austerity?  Quit simply we think it means that out into the future… “we’re all going to be poorer”. This sets up a bad game, and looking at the view of the field, it really doesn’t look anything like the ticket they sold us……more specifically, we have  “bad seats, hey buddy…front row behind a pole, and we just sat […]

Social Security In An (Empty) Nut Shell

| January 13, 2013

10,000 Boomers turn 65 years old every day. Here is how it looks on a chart.  Empty nut shells piled high for the old folks…. These costs will be exceeding $1 trillion per year in the near future. Meanwhile, the number of workers per retiree will continue to fall as it has for decades. In 1945 there were […]

Babys Are(n’t) Us….U.S. Birthrate Hits Record Low

| November 30, 2012

Pretty stunning news…..and what does this mean, it means slow or no growth in the economy for many many years.  Oh, and the chart below explains how much government assistance the baby boomers are reliant on, and it becomes worse with the working population slowing, not growing.  The U.S. birthrate fell to a record low last year, coming in […]

Fiscal Cliff’s And Slippery Slope’s

| November 19, 2012

Cumberland Associates has this perspective about the world wide slippery economic situation, and failed post-retirement promises made to a trusting populace. Let us get back to the difference between the US and Europe. European peripheral countries waited too long.  Now they cannot fund the promises that they made for retirement and post-retirement benefits, and so they have to […]

American Incomes Are Falling And Near-Retirees Are Getting Crushed

| August 26, 2012

Life as we thought it to be,  has changed for ever!  So what’s the new plan? Uh….Hello By Henry Blodget – Daily Ticker Annual incomes in the United States have dropped sharply in recent years, and near-retirees are getting hit the worst. That’s the conclusion of a new study by Sentier Research, which looked at the […]

Savings…Anybody Know What That Is?

| June 26, 2012

Hmm… Survey: More Than 25% of Americans Have No Emergency Savings! By Nancy Stanley While nearly half of Americans don’t have enough money saved to cover emergencies, one-quarter don’t have any money saved, according to Bankrate.com’s Financial Security Index survey. The general rule of thumb is to have enough cash saved to cover at least […]

Illinois Looks Like A Sinking Ship

| April 23, 2012

So, the revenue grows but the ship still sinks….Inquiring minds want to know how it can be fixed? In Illinois, the backlog of unpaid bills has risen to more than $9 billion because of pension costs and falling federal aid, leaving the state “essentially treading water,” Comptroller Judy Baar Topinka said. While revenue grew from higher […]

Many Pension Plans Are Buried In A Constant State Of Unrealistic Optimisom – But Now They Need To Get Real!

| April 10, 2012

So…the real question is how do we fix this?  As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]

Japan Wants To Double Its Consumption Tax

| March 3, 2012

Here we are with bad demographics again, add to that another broke social security system, and guess what island are we standing on. Yep, it’s Japan! Now the Japanese government has had an epiphany, and all of a sudden seeks to save a broken down social security system, and “rein in soaring welfare costs”.  Question: But uh, isn’t that a problem worldwide? Yes it is.  So […]

Is There A Doctor In The House!

| February 28, 2012

Bill Gross talking here…It’s the new normal, and a sign of the times as bank accounts and money market accounts basically yield nothing…and who gets the smelly end of the stick, yep… main street is the one taking it up the wazoo, yet again! Chart 1 shows that since 1981, which marks the beginning of the secular […]

A Sign Of The Times…Or Is It The New Normal?

| February 25, 2012

Part of this is demographics.  www.frontlinethoughts.com

Listen Up Congress!

| February 3, 2012

A Novel Idea….Let’s Call It…. The Congressional Common Sense Act of 2012 1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All […]

Japanese Population To Shrink By One Third, Workforce To Plunge In Under 50 Years

| January 30, 2012

It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060.  And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]

Chicago Fed President Warns On Savings Drain And New Borrowing Binge

| January 18, 2012

We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday.  In an other ominous sign […]

Demographic Poop

| December 29, 2011

Here is one of the reasons for slow world growth dead ahead, and from the looks of things, it will last a long long time!  The baby boomer generation was the last of the demographic growth cycles and that was back from the 1950’s thru the 1970’s.  Now the baby boomers are debt ridden as they enter retirement age, […]

The Maverick Bond Barons

| November 20, 2011

We have a broken down world! Can two Lone Rangers rescue us?   PIMCO’s Bill Gross laid out his pessimistic outlook, fretting that growth in developed countries could be weighed down for years by debt problems in Europe and high unemployment in the U.S. BlackRock’s Larry Fink said he sees “all the same problems, and the problems […]

U.S. Wealth Gap Between Young And Old Is Widest Ever…Yep, Ever!

| November 7, 2011

The wealth gap between younger and older Americans has stretched to the widest on record. Households headed by someone under age 35 had their median net worth reduced by 27 percent in 2009 as a result of unsecured liabilities, mostly a combination of credit card debt and student loans. No other age group had anywhere […]

CalPERS Paid Six-figure Bonuses Back In 2008-2009 As It’s Fund Lost Almost A Third Of Its Value In One Year. New Bonuses For 2011 Check In At $4.5 Million

| October 9, 2011

What a joke….Read my lips…There should be no bonuses until the losses are all made up.  Period. No exceptions. None. Capice! CalPERS, the California state  pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now!  CalPERS currently has […]

What Is Interesting About This Chart?

| October 7, 2011

The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor. www.zerohedge.com

The Rich Now Rule, While The Poor Beg…Expect Riots And Major Economic Changes Over The Next Few Years

| September 30, 2011

The top one half of 1 percent of the population now owns over 28 percent of the nation’s total wealth.  Are they kidding?  And the Republicans don’t want to raise taxes on the rich…..They should be ashamed of themselves, but they’re not.  This from RobertReich.org The President’s modest proposals to raise taxes on the rich – […]

Demographics, My Dear Watson

| September 18, 2011

We’ve gone over this before, but it looks like the idea is catching on….Grey bearded baby boomers are in trouble…..but many don’t even know it!  Deutsche Bank, in a new report expects stock market investors to lose about 10% of their money — in real terms — over the next 10 years, while the economy goes […]

No Miricles Here! A Road Of Hard Times Looms Dead Ahead…

| September 6, 2011

  So…overall household debt to disposable income has declined minesquely from a peak of 134% in 2007 to 125% currently. That doesn’t exactly set the house on fire as most assets have declined at a faster rate, especially for entities that have not experienced stable or growing revenues (main street America comes to mind). If Dick Stoken is […]

Shrinking Labor And Bad Demographics Effects U.S. Expansion

| August 31, 2011

Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer.   Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]

Federal Reserve Bank: Hard Years Ahead For Baby Boomers

| August 22, 2011

Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]

Bondholders Win A Big One… Beat Up On The Little Guy

| August 3, 2011

The rules have just changed.  The little guy gets screwed again.  Tiny Central Falls, R.I. filed for bankruptcy on Monday, but a new state law in Rhode Island places bondholders ahead of other creditors. It may turn out to be a bondholder’s dream as the real winners end up being the large municipalities located across the country as they target similar […]

If You Are A Public Worker, The Rules Are About To Change!

| June 23, 2011

This is a lead bowling ball going down hill….the first pin to be hit is New Jersey!  And even more interesting, Democrats control both houses of the Legislature…. and union membership is among the highest in the country.  Go figure! From The New York Times…… TRENTON — New Jersey lawmakers on Thursday approved a broad rollback […]

Retirements Just Aren’t The Same Anymore!

| June 18, 2011

Retirements are changing more then anyone thought possible. From… The Wall Street Journal Several factors are driving the trend toward older people earning and working less, from the sour economy to downsizing and the fact that employers have been moved to more “performance-based” pay, which often translates into smaller pay increases, as well as pay […]

Copyright © 2017 The Stated Truth