U.S. Beefs Up Military Presence Off Iranian Shores

| January 31, 2010

U.S. Beefs Up Military Presence Off Iranian Shores Sun, 31 Jan 2010 08:50:31 GMT In addition to imposing new sanctions on the Tehran government, the US has reportedly begun beefing up its military presence and war paraphernalia off the Iranian coast. US military officials told AP on condition of anonymity that Washington has taken silent […]

Things Are Looking A Little Dicey In The Middle East

| January 31, 2010

U.S. speeds up arms buildup with Gulf allies Initiatives with Arab nations, military aimed at thwarting Iran attacks By Joby Warrick Washington Post Staff Writer updated 3:37 p.m. MT, Sat., Jan. 30, 2010 DUBAI, UNITED ARAB EMIRATES – The Obama administration is quietly working with Saudi Arabia and other Persian Gulf allies to speed up […]

China….Getting More Agressive With the United States

| January 31, 2010

China Suspends Military Ties With U.S. Sat, 30 Jan 2010 13:48:25 GMT China suspends military exchanges with the US and threatens to impose sanctions on US arms companies over a Washington decision to sell weapons to Taiwan. China’s Defense Ministry suspended military exchange visits with the US, saying the suspension was “in consideration of the […]

Swiss Bank UBS …..Could Collapse Over U.S. Tax Issue

| January 31, 2010

Swiss warn UBS bank could collapse GENEVA — Switzerland’s justice minister warned in an interview on Sunday that top bank UBS could collapse if sensitive talks with the United States over a high-profile tax fraud investigation fall through. “The actions of UBS in the United States are very problematic. Not just because they are punishable […]

It Looks Like Former Treasury Secretary Henry Paulson’s New Book Will Have Some Eye Popping Things In It!

| January 30, 2010

Jan. 29 (Bloomberg) — Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said. Paulson learned of the disruptive scheme while attending the Beijing Summer Olympics, according to his memoir, On The […]

It’s Payback Time For Fannie Mae and Freddie Mac…..Hello BofA

| January 30, 2010

By NICK TIMIRAOS It is payback time for Fannie Mae and Freddie Mac on some mortgages sold to the finance companies by lenders. Stuck with about $300 billion in loans to borrowers at least 90 days behind on payments, Fannie and Freddie have unleashed armies of auditors and other employees to sift through mortgage files […]

The U.S. Deficits Chart….Spending vs. Revenue. What Would Our Personal Balance Sheets Look Like If We Did This, You’re Right If You Said We Would Be Bankrupt In Short Order!

| January 30, 2010

The U.S. is running massive deficits. If we do not get them under control, we will one day, and perhaps quite soon, face our own “Greek moment.” Look at the graph below, and weep. Obama offering to freeze spending by 17% in US discretionary-spending programs, after he ran them up over 20% in just one […]

Sovereign Debt and Default

| January 30, 2010

Greece is running a budget deficit of 12.5%. Under the Maastricht Treaty, they are supposed to keep it at 3%. Their GDP was $374 billion in 2008 (about €240 billion). If they can cut their budget deficit to 10% this year, that means they will need to go into the bond market for another €25 […]

We Are At An Inflexion Point And The Middle Class Is Largely Being Squeezed Out

| January 29, 2010

But we are at an inflexion point and the middle class is largely being squeezed out.  A recent study from the Commerce Department shed some light on an issue that we already know.  Over the past 20 years the middle class has been falling behind: Everything is relative in this world.  Incomes have gone up […]

The Real Cost Of Home Ownership

| January 29, 2010

So of married couples with two children 76 percent have two earners.  The average American is simply working to stay on track or face being thrown off the treadmill.  Jobs are so important to keeping a solid middle class.  This should be obvious but current policy being driven by the corporatacracy is simply focusing on […]

Over 37 Million Americans Are Now On Food Stamps, It’s The Biggest Percentage Ever

| January 29, 2010

We have many more people simply trying to stay afloat let alone pursuing the middle class ideal.  Over 37 million Americans are now part of the food stamp program, not only is this the highest number ever but also the highest percentage of Americans ever to be on food assistance:   More at :  http://www.mybudget360.com/

It Was Just A Matter Of Time Before This Happened

| January 29, 2010

Delphi Salaried Workers’ Pensions Cut Judge OKs reduction for salaried retirees while suit continues DAVID SHEPARDSON Detroit News Washington Bureau             January 29, 2010 Washington — More than 500 of auto supplier Delphi Corp.’s salaried retirees will start receiving reduced pension checks starting Monday. Delphi’s 21,000 salaried retirees and plan participants, thousands of whom live […]

Fannie Mae Charmer……..Delinquency Rates Continue Higher

| January 28, 2010

This Is The Future For Many Cities, States Would If They Could!

| January 28, 2010

Pennsylvania Capital Should Weigh Bankruptcy, Controller Says By Dunstan McNichol Jan. 26 (Bloomberg) — Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said. Harrisburg faces $68 million in payments this year in connection with […]

Bankers At Davos Meeting Paint A Gloomy Consensus Going Forward

| January 28, 2010

Gloomy Scenarios As Bankers Duck For Cover Jan 27 2010, 3:49 pm by Alan Friedman DAVOS, Switzerland – The U.S. and European economic recoveries could run out of steam later this year, and they could be faced with a prolonged period of low growth, high unemployment, a huge debt overhang on both governments and households, […]

Home Sales Data….Not Looking To Good! Is The Government Throwing Good Money After Bad In The Housing Market?

| January 28, 2010

California Default Notices

| January 27, 2010

Airlines In A Nose Dive During 2009, Worst Since 1945

| January 27, 2010

Airlines Suffered Record Drop In Traffic In 2009: IATA Jan 27 05:19 AM US/Eastern International airlines suffered their biggest decline in traffic since 1945 last year as passenger demand fell 3.5 percent, the International Air Transport Association said Wednesday. Freight also fell, by 10.1 percent, as “full-year 2009 demand statistics for international scheduled air traffic […]

Food Hardship A Growing Problem In A Tough Economy

| January 27, 2010

U.S. Households Struggle To Afford Food: Survey WASHINGTON (Reuters) – Nearly one in five U.S. households ran out of money to buy enough food at least once during 2009, said an antihunger group on Tuesday, urging more federal action to help Americans get enough to eat. “There are no hunger-free areas of America,” said Jim […]

Gene Inger Reviews The ‘State of the Union’

| January 26, 2010

Gene Inger’s Daily Briefing . . . for Wednesday January 27, 2010: Good evening; The ‘State of the Union’ . . .has marginally stabilized. As Government is compelled to grow the economy by letting the economy get bigger (instead of believing old ideas that simple low rates with low availability or even lower demand for […]

Lessons From The Panic Of 1907

| January 25, 2010

Lessons from the Panic of 1907 by Clif Droke January 25, 2010 In their timely look at the panic of 1907, Robert Bruner and Sean Carr focus attention on what they believe to be the underlying causes of the ’07 stock market crash and recession, drawing parallels between it and the credit crisis of more […]

A Busted Budget……. A Major-league Quandary

| January 25, 2010

The Scary Budget Numbers By David Walker New York, New York The recession and attendant financial shock appear to be easing as I write this. But in Washington, financial imprudence is part of the fabric of government. You can see that in a single document that gets updated every year: the US budget. In putting […]

The Lost Decade…..Glad That’s Over!

| January 25, 2010

Commercial Real Estate….Tishman Venture Gives Up Stuyvesant

| January 25, 2010

This from the Wall Street Journal………..What is it that has been taking the world down…..DEBT, DEBT,DEBT…..looks like just the beginning for commercial,  and another disaster for California retirements funds….. Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of […]

Markets Say, What…. Me Worry?

| January 24, 2010

Is Latin America Working On A New Currency?

| January 24, 2010

Latin America To Meet On New Currency Sun, 24 Jan 2010 08:40:07 GMT Latin American presidents have organized a meeting to take a step to ‘break’ their dependence on US dollar in regional financial transactions. Venezuelan President Hugo Chavez said on Saturday that the leaders would meet Monday in Caracas. “We’ll have a very important […]

Is This What We’re Looking At In Our Future?

| January 24, 2010

Reflections Across The Pond……….

| January 24, 2010

January 22, 2010 Euro Pacific Capital…….John Brownes Market Commentary Having been among the economic engines of Europe for much of the past decade, it appears as if the British economy has run out of steam. Inflation is rising while bankruptcies and unemployment continue to swell. It is a problem that would have left Lord Keynes’ […]

Banks Are Not The Only Problem…..Comstock Partners

| January 23, 2010

Comstock Partners, Inc. Banks Are Not the Only Problem January  2010 The President’s proposal to rein in the large banks is only a catalyst for a decline that was bound to happen.  There are lots of other reasons, both fundamental and technical, why the market has and will continue to sell off.  That the talking […]

The Hard Windy Road Ahead Of Us

| January 22, 2010

Quarterly Review and Outlook – Fourth Quarter   Hard Road Ahead The U.S. is facing a long and difficult road as it attempts to correct the over-indebtedness and wasteful expenditures of the past two decades. Both current and historical research help us to understand where we are in the continuing economic crisis, and to put […]

Illinois Enters A State Of Insolvency….This Is One Scary Report

| January 22, 2010

By Paul Merrion, Greg Hinz and Steven R. Strahler   Jan. 18, 2010 As Illinois’ fiscal crisis deepens, the word “bankruptcy” is creeping more and more into the public discourse.”We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency,” says Laurence Msall, president of the Civic […]

Who Shot The Bull On Wall St

| January 21, 2010

All Turned Around, That’s What Today Was In The Markets………

| January 21, 2010

Homebuilders Turn To Private Equity For Financing

| January 21, 2010

By John Gittelsohn Jan. 21 (Bloomberg) — More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending. The investments will pay off for the builders and their investors if the prices are low enough and the locations are in areas where demand […]

Stratfor………China: Lending Restrictions

| January 21, 2010

    China: Lending Restrictions and Beijing’s Predicament Stratfor Today | January 20, 2010 | 1808 GMT Liu Mingkang, head of the China Banking Regulatory Commission (CBRC), said in an interview Jan. 20 that several Chinese banks had been asked to restrain their lending after proving to have inadequate capital reserves. Chinese media reports claimed […]

World Oil Demand Is Picking Up……

| January 21, 2010

 

Obama Calls For Limiting Size, Risk-Taking Of Banks

| January 21, 2010

By Nicholas Johnston and Julianna Goldman Jan. 21 (Bloomberg) — President Barack Obama, tapping into voter anger over bank bailouts, called for limiting the size and trading activities of financial institutions as a way to reduce risk-taking and prevent another financial crisis. The proposals, to be added to an overhaul of regulations being considered by […]

Gene Inger Of The Inger Letter Reviews A Critical News Day

| January 21, 2010

Gene Inger’s Daily Briefing . . . for Friday January 22, 2010:   Good evening;   Bloody murder . . .may be screamed by some financial institutions (mostly in the so-called ‘too big to fail’ crowd) in the wake of already-brewing moves against quick resumptions of their old tactics, in trading but while withholding lending, […]

2009 Airline Revenue: Worst Drop Ever

| January 20, 2010

Airline Revenue: Worst Drop Ever By Ben Rooney, staff reporterJanuary 20, 2010: 1:05 PM ET NEW YORK (CNNMoney.com) — The airline industry suffered its largest drop ever in passenger revenue last year as a weak economy grounded many would-be travelers, an industry group said Wednesday. The Air Transport Association of America said total passenger revenue […]

Moody’s Commercial Property Price Index

| January 20, 2010

Copyright © 2017 The Stated Truth