Here’s A Look At Dubai’s Debt………
thestatedtruth.com | November 30, 2009
How Far Behind Britain Is The United States
thestatedtruth.com | November 30, 2009
Is Britain On The Brink Of Financial Armageddon? By James Palumbo A year ago, the world reacted with astonishment as Iceland technically went bust. It seemed inconceivable that a modern democratic nation could have such parlous finances that only an emergency $6billion bail-out from the International Monetary Fund enabled its economy to keep functioning. [...]
Top World Gold Holdings By Nation
thestatedtruth.com | November 28, 2009
China…..Is Now The Worlds Largest Gold Producer
thestatedtruth.com | November 28, 2009
I’ve Got Your Backside Covered……Really, I Do!
thestatedtruth.com | November 26, 2009
Hmm…..We’re Seeing A Lot Of People Waving Good Bye To This Boat
thestatedtruth.com | November 26, 2009
The Real Problem In The United States Is Debt…..Plain And Simple
thestatedtruth.com | November 25, 2009
In A Shocking Twist…..Dubai World Seeks To Delay Debt Payments As Default Risk Soars
thestatedtruth.com | November 25, 2009
Dubai World Seeks to Delay Debt Payments as Default Risk Soars By Arif Sharif and Laura Cochrane Nov. 26 (Bloomberg) — Dubai World, with $59 billion of liabilities, is seeking to delay debt payments, sending contracts to protect the emirate against default surging by the most since they began trading in January. The state-controlled company [...]
U.S. Bank Lending In The Tank
thestatedtruth.com | November 25, 2009
The FDIC said in its Q3 report for U.S. banks that bank lending fell by the largest amount since the government began tracking such data, suggesting that banks are still anxious, and that the recovery could suffer as a result. Total loan balances fell by $210.4B, or 3%, the biggest decline since data collection began [...]
Warning From The German Governments Bundesbank
thestatedtruth.com | November 25, 2009
Bundesbank fears relapse as German banks face €90bn fresh losses The Bundesbank has told German banks to take advantage of renewed confidence while they can to prepare for likely losses of €90bn (£81bn) over the next year, warning that the delayed shock waves of the economic crisis still pose a major threat to global recovery [...]
Is That Silly Bear Still Around Here…..He Looks To Be Starvin, Marvin
thestatedtruth.com | November 24, 2009
Joe The Plumber At Your Service….Mr President, May I Be Of Help Sir
thestatedtruth.com | November 24, 2009
Gene Inger Reviews His Take On The Markets………
thestatedtruth.com | November 24, 2009
Gene Inger’s Daily Briefing . . . for Wednesday November 25, 2009: Good evening; From copacetic stability to chaos . . . has plenty of precedent in the stock markets. As the media focuses on ‘housing improvements’ (you know the truth per last night’s remarks, as well as ongoing analysis and charts [...]
All About Thanksgiving………
thestatedtruth.com | November 24, 2009
Thanksgiving is on a Thursday because – Well in a way – because that’s when the Pilgrims had it. Not at first of course – the First Thanksgiving was a three-day event. Then for many decades it was different days in different places. Finally, New Englanders put it on “Lecture Day” (Thursday) to avoid conflict [...]
Art Cashin’s Thoughts On Housing Anomalies
thestatedtruth.com | November 24, 2009
Housing Anomalies – As just noted, there was a lot of hoot and holler about the “jump” in existing home sales. The financial media was quick to hype it as a “major turn”. Drilling down into the numbers, however, indicates that there may have been less here than meets the eye. The biggest gain came [...]
U.S. National Debt……Not So Tiny Bubbles
thestatedtruth.com | November 24, 2009
Hmmm… Maybe the fact that America’s national debt officially topped $12 trillion has something to do with the dollar’s weakness. Yesterday morning, The New York Times dished up this front-page headline: “Wave of Debt Payments Facing US Government.” It turns out that the money our government borrows via Treasury bonds has to be repaid one [...]
Johns Hopkins Healthy Pointers On Food
thestatedtruth.com | November 23, 2009
JOHNS HOPKINS TELLS YOU THERE IS AN ALTERNATIVE WAY… Cancer Update from Johns Hopkins : 1. Every person has cancer cells in the body. These cancer cells do not show up in the standard tests until they have multiplied to a few billion. When doctors tell cancer patients that there are no more cancer cells in their bodies after treatment, it just means the [...]
Toll Brothers Inc. Chief Executive Officer Robert Toll said. “Yesterday’s Subprime Is Today’s FHA”
thestatedtruth.com | November 23, 2009
The Federal Housing Administration, the agency that insures home purchases made with down payments as small as 3.5 percent, may create another lending crisis, Toll Brothers Inc. Chief Executive Officer Robert Toll said. “Yesterday’s subprime is today’s FHA,” Toll said today at a New York conference for builders. “It’s a definite train wreck and the [...]
From The Inger Letter…….Naval Build Up In The Red Sea Off Of Yemen
thestatedtruth.com | November 23, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 24, 2009: Good evening; The most important development . . ……occurring Monday, was not the existing home data that some crowed about (actually delayed pre-first-round incentive’s end; thus a fairly irrelevant number that omits the reality of contracting mortgage applications and other more recently [...]
The Flu Fighters…….Making Sure Your Diet Has The Right Nutrients
thestatedtruth.com | November 23, 2009
NOVEMBER 24, 2009 The Flu Fighters—in Your Food By LAURA LANDRO While many people are still waiting for swine-flu vaccine to become available in their area, there is a lot they can do in their own kitchens to help fight off disease and build a strong immune system. Scientists in the growing field of nutritional [...]
Falling Chicago Fed Index Bodes Ill For US Recovery According To The Federal Reserve Bank Of Chicago
thestatedtruth.com | November 23, 2009
Wait a minute, President Obama and Fed Chairman Bernanke said recently that things were getting better! Falling Chicago Fed Index BodesIll For US Recovery Mon Nov 23, 2009 8:54am EST NEW YORK, Nov 23 (Reuters) – The Federal Reserve Bank of Chicago said on Monday its gauge of the national economy fell further into negative territory in October, [...]
Most Banks Still Fail Ratings Test According To S&P
thestatedtruth.com | November 23, 2009
Most Banks Fail Ratings Test. Most major banks still don’t have enough capital to comfortably maintain their credit ratings, S&P said Monday, releasing the first global comparison of risk-adjusted capital adequacy for the world’s top banks. Mizuho (MFG), Citigroup (C), UBS (UBS) and BBVA all came in well below the global average RAC of 6.7%; [...]
So You Think You Got It Tough……Think Again!
thestatedtruth.com | November 23, 2009
Treasury Bills Yielding Zero Make 1938 Moment…..Buyers Beware
thestatedtruth.com | November 22, 2009
Bills Yielding Zero Make 1938 Moment By Liz Capo McCormick and Daniel Kruger Nov. 23 (Bloomberg) — For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate — a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know [...]
H1N1 Deaths Doubling Almost Every Two Weeks in Europe
thestatedtruth.com | November 22, 2009
H1N1 Deaths Doubling Almost Every Two Weeks in Europe By Jason Gale Nov. 23 (Bloomberg) — Swine flu deaths have doubled almost every two weeks since mid-October in Europe, with 166 occurring in the past week, the European Center for Disease Control and Prevention said. Across the region, 667 people infected with the new H1N1 [...]
Barron’s Big Money Poll……For Fall 2009
thestatedtruth.com | November 21, 2009
$4.8 trillion – Interest on U.S. Debt
thestatedtruth.com | November 20, 2009
Shocking and hard to believe, but real. Do you want gold as insurance or the dollar long-term? $4.8 trillion – Interest on U.S. Debt Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels. By Jeanne Sahadi, CNNMoney.com senior [...]
Paulson: Gold’s Bull Run Is Just Beginning….He’s Talking Years, Not Months
thestatedtruth.com | November 20, 2009
Paulson: Gold’s Bull Run Is Just Beginning November 19, 2009 By Simon Avery John Paulson, lionized by many investors for his winning bet on the fall of the housing and financial markets, is now getting aboard the gold wagon. The hedge fund manager told his investors that even at $1,150 an ounce, the bull run [...]
Mortgage Delinquencies And Foreclosures…..Are We There Yet?
thestatedtruth.com | November 19, 2009
More at www.ingerletter.com
What The Hell Did I Hit To Get This Turned Around…..Oh, The U.S. Economy!
thestatedtruth.com | November 19, 2009
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Don’t Worry About A Thing, I Got Your Back Side Covered
thestatedtruth.com | November 19, 2009
Some Food For Thought On The Ultimate Store Of Value, Gold…..
thestatedtruth.com | November 19, 2009
Jim Rickards: If gold is money again, at some point it goes to at least $4,000….How could this happen? Easy if countries of the world print to much currency. Thursday, November 19, 2009 Daily Dispatches Today Jim Rickards remarked that the United States and China are devaluing their currencies against each other in a game of [...]
Chart Of The Day……….Federal Reserve Custodial Accounts (U.S. Debt Holdings Of Foreign Central Banks)
thestatedtruth.com | November 19, 2009
This chart says one thing bigger then anything else……..higher interest rates are only a matter of time. The smartest guys on Wall Street starting with David Einhorn of Greenlight Capital are betting on higher interest rates, forced by the market place, will happen sooner rather then latter starting in the United States and Japan. (He is a critic [...]
Fidelity Says 401(k) Savings Accounts Recover From 2008 Decline
thestatedtruth.com | November 19, 2009
Nov. 19 (Bloomberg) — Fidelity Investments said the average balance on customers’ 401(k) retirement accounts has returned to September, 2008 levels on contributions and third- quarter investment gains. Account balances in plans for U.S. workers benefited from the 22 percent year-to-date gain in the Standard & Poor’s 500 Index along with continuing employee contributions, the [...]
Meredith Whitney Is The Top Ranked Analyst On These Matters, Worth Listening To
thestatedtruth.com | November 19, 2009
Nov. 19 (Bloomberg) — Meredith Whitney, the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their own investment companies. “Goldman’s lost a tremendous amount of talent going to set up their own hedge funds,” Whitney, founder [...]
Are We There Yet…….FHA, Prime Mortgage Defaults at Records on Job Losses
thestatedtruth.com | November 19, 2009
FHA, Prime Mortgage Defaults at Records on Job Losses By Kathleen M. Howley Nov. 19 (Bloomberg) — Foreclosures on prime mortgages and home loans insured by the Federal Housing Administration rose to three-decade highs in the third quarter, driven by the biggest job losses since the Great Depression. One out of every six FHA mortgages [...]
The Presidential Pledge……A New Car In Every Garage And A Derivative In Every Account
thestatedtruth.com | November 18, 2009
So Tell Me Again, How’d Goldman Sachs Make All That Money?
thestatedtruth.com | November 18, 2009
Don’t Worry About A Thing, I Got Your Back Side Covered
thestatedtruth.com | November 17, 2009
Markets Trying To Look Strong Until Year End…..If The Dollar Stays Weak, Then The Markets Will Likely Continue Strong
thestatedtruth.com | November 17, 2009
And The Winner Is……Google In A Land Slide
thestatedtruth.com | November 17, 2009
From www.ingerletter.com
Industrial Production Recovery Comparisons
thestatedtruth.com | November 17, 2009
From www.ingerletter.com
Looks A Little Bit Like The U. S. Economy…………..
thestatedtruth.com | November 17, 2009
U.S. Seizes Banks With TARP Funding
thestatedtruth.com | November 16, 2009
NOVEMBER 16, 2009, 4:16 P.M. ET U.S. Seizes Banks With TARP Funding By DAVID ENRICH U.S. regulators have seized or threatened at least 27 banks that got capital infusions from the Troubled Asset Relief Program, including some lenders government officials knew were troubled when they awarded the money. The troubles put taxpayers at risk of [...]
Is This An All Or Nothing Strategy
thestatedtruth.com | November 16, 2009
The Orphan’s Home Cycle Horton Foote And so, just as the Church of England commissioners became convinced by the cult of equity way back in the whimsical days of 1999 and went 100% long the stock market, investors today recant a new mantra of, “anything but the dollar (A-B-D)”. Inflation bets are all the rage. [...]
Holy Crap
thestatedtruth.com | November 16, 2009
Another Great Day In All Markets
thestatedtruth.com | November 16, 2009
More Then 49 Million Americans Going Hungry
thestatedtruth.com | November 16, 2009
Report: More Americans Going Hungry By Amy Goldstein Washington Post Staff Writer Monday, November 16, 2009; 3:14 PM The number of Americans who lack dependable access to adequate food shot up last year to 49 million, the largest number since the government has been keeping track, according to a federal report released Monday that shows [...]
Comstock Partners Out With A New Report….Debt Dynamics Will Hold Back Economy
thestatedtruth.com | November 14, 2009
Comstock Partners, Inc.Debt Dynamics Will Hold Back Economy November 12, 2009 Government Debt could Double While Private Debt could be Cut in Half We believe that U.S. government and private debt levels will diverge over the next four or five years as the authorities attempt to use government debt to replace the private debt [...]
NASA Blast Costs $79 Million…..Hmm
thestatedtruth.com | November 14, 2009
Nov 14, 2009 Nasa had predicted that the impact would be powerful enough to send a 6km high plume of dust up from the Moon’s surface that would be visible from Earth through a telescope Substantial water reserves have been found beneath the Moon’s surface, Nasa announced yesterday, paving the way for a permanent lunar [...]
Holy Moley Is This Ship Big…..Five Times Larger Than The Titantic
thestatedtruth.com | November 14, 2009
FORT LAUDERDALE, Fla. (AP) – The world’s largest cruise ship has arrived in South Florida.The 16-deck Oasis of the Seas docked Friday at Port Everglades in Fort Lauderdale. It set sail from Finland to Florida in late October. Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or [...]
Oh Oh….Obama Wants Domestic Spending Cuts In Next Budget
thestatedtruth.com | November 14, 2009
Obama Wants Domestic Spending Cuts In Next Budget By TOM RAUM and ANDREW TAYLOR (AP) – 1 day ago WASHINGTON — The Obama administration, mindful of public anxiety over the government’s mushrooming debt, is shifting emphasis from big-spending policies to deficit reduction. Domestic agencies have been told to brace for a spending freeze or cuts [...]
Getting A Little Late In The Season For Bears, Isn’t It!
thestatedtruth.com | November 12, 2009
Fishy Dollars………Not Worth Anything, Just Throw The Scavinger Back
thestatedtruth.com | November 12, 2009
Wall Street Faces ‘Live Ammo’ as Congress Aims to Unravel Banks…..It Couldn’t Happen To A More Risk-Taking Bunch……
thestatedtruth.com | November 12, 2009
Wall Street Faces ‘Live Ammo’ as Congress Aims to Unravel Banks By Alison Vekshin and Robert Schmidt Nov. 12 (Bloomberg) — Seven Wall Street lobbyists trooped to Capitol Hill on Nov. 9, hoping to convince Representative Paul Kanjorski’s staff that his plan to dismantle large financial firms was a bad idea. They walked out with [...]
Berkshire Hathaway’s Warren Buffett and Microsoft’s Bill Gates Fielded Questions On Ethics, The Role Of Luck And The Outlook For The Economy…….
thestatedtruth.com | November 12, 2009
Buffett Says U.S. Should Put Pressure on CEOs of Rescued Firms By Andrew Frye Nov. 13 (Bloomberg) — Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said the U.S. should demand greater sacrifices from the heads of bailed- out companies. “More sticks are called for,” Buffett told business school students at Columbia [...]
Fannie, Freddie Warn On More Losses In SEC Filing
thestatedtruth.com | November 12, 2009
Fannie, Freddie Warn On Losses By NICK TIMIRAOS Fannie Mae and Freddie Mac, already reeling in red ink, are warning they could face additional losses from the weakening condition of mortgage-insurance companies. Fannie and Freddie together have required capital injections from the Treasury of $112 billion since the government took them over through conservatorship [...]
Sotheby’s Takes In A Record Amount At Latest Auction……..It Looks Inflationary For Our Future
thestatedtruth.com | November 12, 2009
Warhol Sells for $43.7 Million at Sotheby’s By KELLY CROW In a gear-changing sign that the art market is shaking off the recession, Sotheby’s auctioned off $134.4 million worth of post-war and contemporary art earlier tonight at its Manhattan salesroom, including a smoky sheet of dollar bills by Andy Warhol that sold for $43.7 million. [...]
Foreclosure Notices Hit Record High………
thestatedtruth.com | November 12, 2009
Senator Chris Dodd Working On The Most Compicated Regulatory Bill Ever……..
thestatedtruth.com | November 12, 2009
Sen. Chris Dodd unveiled a whopper of a bill, one that might cause the biggest financial and monetary shakeup…umm…ever. Like most of Congress, we’ve barely cracked the 1,136-page affair…but here’s what we’re picking up thus far: Under the proposed bill, the Fed gets stripped of almost all its banking oversight and consumer protection powers. Bernanke [...]
Rick Ackerman Checks In With Us……………
thestatedtruth.com | November 11, 2009
Rick’s Picks Wednesday, November 11, 2009 “Phenomenally accurate forecasts” For executives temporarily living the good life on severance pay, the future looks grim. Many top earners, especially in the financial sector, lost jobs that will never return. Credit-swap specialist, anyone? So what are former $200,000-a-year bank executives and erstwhile marketing honchos doing these days to [...]
Looking Good As long As This Lasts…..
thestatedtruth.com | November 11, 2009
THE G-20 MET LAST WEEKEND AND MADE IT VERY CLEAR NO MONETARY TIGHTENING WOULD OCCUR AT THIS TIME In effect, the G-20 said all systems are go for economic expansion globally. The G-20 said in their news release, “Economic and financial conditions have improved following our coordinated response to the crisis. However, the recovery is [...]
Hmm…..Things May Get A Little Squirrely Going Into The End Of The Year
thestatedtruth.com | November 11, 2009
Crop Failures Are Now On The Horizon And This Will Be Inflationary
thestatedtruth.com | November 10, 2009
Much of the middle of the nation — from the Great Lakes to the Mississippi Delta — received at least twice the normal amount of rainfall in October. That, combined with unusually cool temperatures, slowed crop development and made fields too wet for farmers to navigate with harvesting equipment. By Sunday, farmers in the major [...]
Gene Inger’s Daily Briefing . . .Left Field Surprises
thestatedtruth.com | November 10, 2009
Gene Inger’s Daily Briefing . . . For Wednesday November 11, 2009: Good evening; Left-field surprises . . . have ways of impacting over-extended markets occasionally we have observed; irrespective of whether the market ‘deserves’ to decline (as surely this one does). As if to remind the world of the power of cyber-terror; guess what [...]
Foreclosure Activity Is Up In The Top 50 Metro Areas
thestatedtruth.com | November 10, 2009
Many of the Top 50 metro areas in the US are reporting “sharp increases in foreclosure activity. “Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation’s foreclosure epicenters in the third quarter away from the hot spots of the last two years and toward some metro areas that had [...]
Gene Inger Checks In With His Daily Briefing……….
thestatedtruth.com | November 9, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 10, 2009: Good evening; Bears are caving-in . . . increasingly, as they become convinced that so long as the ‘untouchable’ Fed engages in cover-up’s of the problems, and stimulates massively it is impossible to break the stock market for more than 3-6% corrections (which [...]
Quote Of The Day……..
thestatedtruth.com | November 8, 2009
Few men have virtue to withstand the highest bidder. George Washington
U.S. News & World Report Publisher Mort Zuckerman: U.S. On Brink of Deflation Crisis
thestatedtruth.com | November 8, 2009
Zuckerman: U.S. On Brink of Deflation Crisis Friday, November 6, 2009 9:52 AM By: Gene J. Koprowski The U.S. is on the precipice of a deflation crisis, one which will devastate consumers and businesses alike, publisher Mort Zuckerman writes.“Inflation typically results from too much money chasing too few goods,” writes Zuckerman in U.S. News [...]
Paul Volcker: U.S. Must Consume Less
thestatedtruth.com | November 8, 2009
Volcker: U.S. Must Consume Less Friday, November 6, 2009 11:56 AM By: Dan Weil Former Federal Reserve Board Chairman Paul Volcker says the consumer accounts for too much of the economy, a point he says is understood by President Obama and one which implies political support for a weaker U.S. dollar.In a recent speech, [...]
At Least The United States Government Is Locking In A Low 30 Year Rate
thestatedtruth.com | November 5, 2009
U.S. to Sell $81 Billion in Long-Term Debt Next Week (Update2) By Rebecca Christie Nov. 4 (Bloomberg) — The U.S. Treasury Department said it plans to sell a record $81 billion in its quarterly auctions of long-term debt next week and will replace the inflation- protected 20-year bond with a reintroduced 30-year security. The Treasury [...]
Not The Best Way To Deal With Your Major Banker
thestatedtruth.com | November 5, 2009
US slaps duties on Beijing steel pipe imports By Sarah O’Connor in Washington Published: November 6 2009 The US hit China with another big trade action on Thursday as it slapped preliminary anti-dumping duties on $2.6bn worth of Chinese pipe imports. The commerce department’s decision to impose duties of up to 99 per cent on [...]
Here We Go Again……Fannie Seeks $15 Billion in U.S. Aid After Ninth Straight Loss
thestatedtruth.com | November 5, 2009
Fannie Seeks $15 Billion in U.S. Aid After Ninth Straight Loss By Dawn Kopecki Nov. 5 (Bloomberg) — Fannie Mae, operating under a federal conservatorship, said it will seek $15 billion in aid from the U.S. Treasury as its ninth straight quarterly loss once again drove the mortgage-finance company’s net worth below zero. A third-quarter [...]
Berkshire Buys Burlington Northern In Buffett’s Biggest Deal
thestatedtruth.com | November 3, 2009
Berkshire Buys Burlington Northern Santa Fe Railway By Andrew Frye Nov. 3 (Bloomberg) — Warren Buffett’sBerkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States.” The purchase, the largest ever for Berkshire, will cost the company $26 billion, or [...]
Gene Inger Gives Us His Opinions On Where Things Stand
thestatedtruth.com | November 2, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 3, 2009: A waterfall decline . . . Possibly the prospect of a heavier decline looming (irrespective of this technical fight, as well as psychological holding action purportedly merely awaiting the Fed decisions on Wednesday, which is actually what this is not primarily [...]