thestatedtruth.com | March 31, 2009
Holy Smokes……….Japanese exports for February fell 49.4%………..Japan’s exports plunged by a record in February as deepening recessions in the U.S. and Europe sapped demand for the country’s cars and electronics. Prime Minister Taro Aso is compiling his third economic stimulus package as a deepening slowdown in Japan’s overseas markets puts thousands out of work at home, threatening domestic demand. Finance Minister Kaoru Yosano said this week [...]
Category: Economy, Finance, World News |
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thestatedtruth.com | March 31, 2009
Meredith Whitney has it figured out. She has been way ahead of everybody else on banking. She is now in the process of opening her own investment firm…………………..The big-bank model isn’t going to last much longer, banking industry analyst Meredith Whitney said at the Journal’s Future of Finance Initiative, and said a more sustainable approach would be bigger regional [...]
Category: Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | March 31, 2009
Now that’s more like it………..looks like the hacks that took down the world are going to give back some or all of their booty………New York Attorney General Andrew Cuomo said late Monday that 15 of the top 20 recipients of $165 million in retention bonuses from American International Group Inc.’s Financial Products unit have agreed to give back their [...]
Category: Economy, Finance, National News, Wall Street |
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thestatedtruth.com | March 31, 2009
BlackRock is a very, very big hedge fund……………………………….BlackRock, which oversees $1.3 trillion, is the biggest publicly traded asset manager in the U.S. Over a third of total assets are managed on behalf of non-U.S. investors, and nearly one-third of its employees are outside the U.S. They say The risk is that the economic recovery disappoints in the second [...]
Category: Economy, Finance, Wall Street |
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thestatedtruth.com | March 31, 2009
Before everybody loses their collective minds, let’s remember that this is most likely a bear market rally. I can’t believe how fast the confidence has returned, as my phone is ringing off the hook……….back in 1974, nobody even cared about stocks at the bottom. -John Schultz MARCH 24, 2009 Toxic-Asset Plan Sends Stocks Soaring Dow Jumps [...]
Category: Finance, Wall Street |
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thestatedtruth.com | March 31, 2009
Interesting stuff………………William Nasi thought it strange that in his many years working as Bernard Madoff’s personal messenger, Mr. Madoff rarely asked him to bring back a receipt. But by and large few things seemed off to Mr. Nasi about Mr. Madoff, until December, when Mr. Madoff was charged with perpetrating a massive Ponzi scheme. Mr. Madoff [...]
Category: National News, Tid Bits, Wall Street |
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thestatedtruth.com | March 31, 2009
Yep, I agree with Rick Ackerman, who understands how markets work because he worked on the floor of major stock and commodity exchanges in a past life……………I worked on the floor of the Pacific Stock Exchange in Los Angeles during the early and mid 70′s and was working there at the 74-75 bottom, and agree that we haven’t seen the proper [...]
Category: Economy, Finance, Wall Street |
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thestatedtruth.com | March 31, 2009
I hope not……………sounds very inflationary to say the least! President Barack Obama‘s budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month. The Congressional Budget Officefigures, obtained by The Associated Press Friday, predict Obama’s budget will produce $9.3 [...]
Category: Economy, Finance, National News, Wall Street |
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thestatedtruth.com | March 31, 2009
Well this is an easy one……..the entire stock market fall was made worse much faster because of no short up tick rule and naked short selling, it doesn’t take a rocket scientist to figure that out! If a person sold a car but didn’t deliver it, what would happen to that person. They would promptly be arrested. But [...]
Category: Wall Street |
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thestatedtruth.com | March 31, 2009
It looks like the Credit Unions may be next to get into hot water…………………..funny thing is they all say everything is just fine, until it isn’t. In the latest move by federal authorities to prop up the nation’s banking system, regulators late Friday seized control of the two largest wholesale credit unions in the U.S. [...]
Category: Economy, Finance, National News, Wall Street |
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thestatedtruth.com | March 31, 2009
Not surprising to say the least……………………………The number of probes by the Federal Bureau of Investigation into corporate fraud and mortgage fraud is growing by the month.FBI Deputy Director John Pistole told a House panel Friday that the bureau has more than 2,000 open investigations into mortgage fraud as well as 566 corporate-fraud investigations.Mr. Pistole said 43 of those corporate-fraud [...]
Category: Economy, Finance, National News, Wall Street |
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thestatedtruth.com | March 31, 2009
Yikes, this is starting to look like monopoly money…………………….The Congressional Budget office Friday substantially downgraded its forecast for the federal government’s fiscal position, spelling gloomy news for President Barack Obama as he tries to win support for his $3.55 trillion budget request for fiscal year 2010. The nonpartisan congressional number cruncher said that it now expects the federal government’s [...]
Category: Economy, Finance, National News, Wall Street |
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thestatedtruth.com | March 31, 2009
If this doesn’t do the trick of turning things around eventually, then nothing will………………………But the intended consequences will be high inflation. The important thing is that the markets seem to like what’s happening this week. Mortgage rates should fall from here, maybe even dramatically, at least over the short term. TheFederal Reserve ramped up its effort to revive the economy, declaring [...]
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thestatedtruth.com | March 31, 2009
Now that’s what I call a trading floor………….AIG, what a piece of work. All this hoopla about keeping the hired help with large bonuses is bull, because none of these geniuses that helped take down the world financial system would find a job anywhere else, nobody would leave even if their pay was cut, and that’s [...]
Category: Finance, Wall Street |
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thestatedtruth.com | March 31, 2009
Oh, I get it……..housing inventory is at near record levels so we’re going to build more of them. There’s a reason why the home builders are all broke, they should be building less……………why are CNBC speaking heads celebrating something that will only make things worse. “We expect demand for all homes, both new and existing, [...]
Category: Economy, Finance, Real Estate, Wall Street |
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