thestatedtruth.com | August 13, 2013
Why, you say…. It’s the dreaded Hindenburg Omen! “The Hindenburg Omen is a technical analysis that attempts to predict a forthcoming stock market crash. It is named after the Hindenburg disaster of May 6th 1937, during which the German zeppelin was destroyed in a sudden conflagration.” The Hindenburg Omen is not a guarantee of a […]
thestatedtruth.com | August 8, 2013
Did you ever wonder just what LIBOR stands for…….well now you know! Until July 2012, the London Interbank Offered Rate (LIBOR) was the biggest little number that nobody outside finance understood, and yet it touched the lives of virtually everybody. LIBOR is an interest rate that gets calculated for ten currencies and fifteen borrowing periods […]
thestatedtruth.com | August 6, 2013
There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent! Yep, nota, zippo, zero….not a penny!
thestatedtruth.com | August 6, 2013
What this means is that money is not being circulated through the system, instead it is parked in things that don’t ecourage growth in the economy. Velocity of Money is now at all time lows. Here is how to explain it: The velocity of money (also called velocity of circulation and, much earlier, currency) is the average frequency with […]
thestatedtruth.com | August 6, 2013
Reviewing the overall global trade activity, the Baltic Dry Index shows we remain in record low territory. The global economy is moving at stall speed…. www.kingworldnews.com
thestatedtruth.com | July 30, 2013
Never say things can’t get worse… Murphys Law says otherwise. According to the latest quarterly homeownership data released by the Census Bureau, the raw homeownership rate of 65.0% was unchanged from last quarter and 0.4% lower than a year ago. And on a seasonally adjusted basis the percentage of Americans who have a house declined […]
thestatedtruth.com | May 27, 2013
Here are some statistics that seem unbelievable….. An astounding 53 percent of all American workers make less than $30,000 a year. In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined. The six heirs of Wal-Mart founder Sam Walton have as much wealth […]
thestatedtruth.com | April 30, 2013
The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low. It now sits at 65% which is it’s lowest rate since 1995! www.zerohedge.com
thestatedtruth.com | April 23, 2013
It’s now a rich mans world, but it wasn’t always this way! As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% […]
thestatedtruth.com | April 21, 2013
The U.S. GDP Will Be Revised Higher By $500 Billion Following Addition Of “Intangibles” To Economy Those who have been following the US debt to GDP ratio now that the US officially does not have a debt ceiling indefinitely, may have had the occasional panic attack seeing how this country’s leverage ratio is rapidly approaching […]
thestatedtruth.com | 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 […]
thestatedtruth.com | 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 […]
thestatedtruth.com | 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 […]
thestatedtruth.com | 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 […]
thestatedtruth.com | February 27, 2013
In some cases, a picture is worth a thousand words….in this case, we’re in the trillions. www.jsmineset.com
thestatedtruth.com | February 27, 2013
What a nightmare…..We spend almost 20% of our gross domestic product on health care in the U.S., and that figure continues to climb. In the U.S., people spend almost 20% of the gross domestic product on health care, compared with about half that in most developed countries. Yet in every measurable way, the results our […]
thestatedtruth.com | 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 […]
thestatedtruth.com | December 9, 2012
How about that! Just over a mind-boggling 50 million Americans are living in absolute poverty while collecting the $134.29 average monthly benefit per person. Here’s a fictitious account of how food stamp day might go……..No time to work just got hooked up for some free money, gotta go wait in that long food stamp line, it goes down the […]
thestatedtruth.com | 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 […]
thestatedtruth.com | November 25, 2012
According to Business Week: Last year, for the first time ever, sales of adult diapers in Japan exceeded those for babies. Yep, we said you wouldn’t believe it!
thestatedtruth.com | November 22, 2012
There are indications that union bosses are very perplexed at union workers over this decision…. Hostess will start selling off the rights to Twinkies, Ding Dongs and other baked brands after a federal bankruptcy judge on Wednesday approved its plan for an “orderly wind-down.” On Wednesday, the day before Thanksgiving, Hostess Chief Executive Gregory Rayburn […]
thestatedtruth.com | 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 […]
thestatedtruth.com | November 15, 2012
The U.S. Postal Service (USPS) uses $250 million per day to operate and had a total of 607,400 employees as of October. This was the lowest number of total employees for the non-profit ( loss-driven) government run entity since the 1960s! Perhaps more interesting (but not surprising) is that USPS employees peaked at over 900,000 back in 1999!
thestatedtruth.com | November 15, 2012
This from Bruce Krasting: The Wall Street Journal reports this morning that President Obama is going to ask for $1.6T in new taxes when he speaks on Friday. The only way that this sized tax increase could be accomplished is if the AMT (Alternative Minimun Tax) is indexed to inflation and hits tens of millions of […]
thestatedtruth.com | November 13, 2012
This will change everything folks…….Growing supplies of crude oil extracted through new technologies including hydraulic fracturing of underground rock formations will transform the U.S. into the worlds largest producer of oil starting as early as 2017, the Paris-based adviser to 28 nations said in its annual World Energy Outlook. The U.S. met 83 percent of its energy needs […]
thestatedtruth.com | November 10, 2012
The USDA delayed until Friday night its release of food stamp data for August. A quick glance at the number reveals 47.1 million recipients, which was a new all time record. The monthly increase of 420,947 from July was the biggest monthly increase since last year. www.zerohedge.com
thestatedtruth.com | October 27, 2012
Median U.S. household incomes have been stagnant for most of the last twenty years…and falling hard for the last four years. But…..the top 10% and the top 1% earners have risen dramatically! www.mauldineconomics.com
thestatedtruth.com | October 25, 2012
This one is a whopper….“If the storm follows the current hurricane center forecast, we are looking at over $5 billion in damage,” said Chuck Watson, director of research and development at Kinetic Analysis…… New Huricane Sandy may combine with a second storm coming out of the Midwest to create a system that would rival the […]
thestatedtruth.com | October 25, 2012
Looks like a heavy breeze is blowing accross this windy political road with switch backs at every turn….. The Senate electoral landscape was supposed to favor Republicans, who are defending 10 seats, compared with 23 for Democrats. Democrats now control the Senate 53-47. Republicans must hold all of their seats and pick up four to gain control if President […]
thestatedtruth.com | October 24, 2012
Here is an interesting new projection of the presidential election. It comes from John Mauldin’s ‘Thoughts From The Front Line’ ….it looks like a toss up to us! According to Bickers and Berry’s analysis, Romney is projected to receive 330 of the total 538 Electoral College votes. President Obama is expected to receive 208 votes – down […]
thestatedtruth.com | October 17, 2012
This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities. The big growth cycle is over for education. The student population is buried in record amounts of student loans and debt, and this will take a long time to work off. A […]
thestatedtruth.com | September 30, 2012
Wow, this is really unbelievable. Truly, it’s unbelievable! You’ll never guess the name that controls the worlds biggest hedge fund. Chances are good that nobody will get this one right! The world’s largest hedge fund is not located in the top floor of some shiny, floor-to-ceiling glass clad skyscraper in New York, London, Hong Kong or Shanghai. Instead […]
thestatedtruth.com | September 27, 2012
As often is the case, we present some unusual stuff. Enjoy the ride… The InTrade markets trading on the various outcomes of the Presidential have become increasingly liquid and active in recent weeks. As Morgan Stanley’s Vince Reinhart cleverly notes, by analyzing the odds for control of the Senate, the House, and the Presidential winner, […]
thestatedtruth.com | September 25, 2012
Savings….The average American says, what savings? The main reason for the recent surge in consumer “confidence” in September was the near record surge in sentiment for those making $15,000-$25,000, which soared from 43.5 to 62.4 in the month, the most since April 2009. And whether this was due to their forecast of the future, and expectation […]
thestatedtruth.com | 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 […]
thestatedtruth.com | July 16, 2012
Well, we know it’s a hot subject pun intended, so we’ll just say records are made to be broken…. The Northern Hemisphere just experienced the all-time warmest June on record, at 2.34°F above average. The average temperature for the contiguous U.S. during June was 71.2°F, which is 2.0°F above the 20th century average, contributing to a record-warm first […]
thestatedtruth.com | July 12, 2012
Can small town America survive a local Wal-Mart……Our opinion is that anytime one company controls so many things, it’s not good for anyone! A study of small and rural towns in Iowa showed lost sales for local businesses ranging from -17.2% in small towns to -61.4% in rural areas, amounting to a total dollar loss […]
thestatedtruth.com | June 29, 2012
The use of Eminent Domain to rewrite underwater mortgages would be catastrophic to the future of the housing industry. It would guarantee that private capital would have no interest in writing future loans for property that could be seized. Any idea that has no homeowner skin in the game should be dead on arrival! Officials in San Bernardino […]
thestatedtruth.com | 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 […]
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