thestatedtruth.com | July 16, 2010
U.S. consumer prices dipped slightly in June, but the core measure that strips volatile food and energy prices posted its largest gain since October 2009. The Labor Department said in a report Friday that the seasonally-adjusted consumer price index slid 0.1% last month, knocked down by a decline in energy prices. In May, consumer prices were down […]
thestatedtruth.com | July 15, 2010
Interesting comments from Matt Simmons…..must hear interview from msnbc today Thursday,  July 15, 2010…….so what’s really going on in the Gulf of Mexico?   Matthew Simmons, founder and chairman emeritus of Simmons & Company International, is a prominent oil-industry insider and one of the world’s leading experts on the topic of peak oil. Simmons was […]
thestatedtruth.com | July 15, 2010
First half of 2010 warmest on record Global land and ocean surface temperatures in the first half of 2010 were the warmest on record, the federal climate service reported Thursday.
thestatedtruth.com | July 15, 2010
Surveyed firms reported a decline in new orders this month compared with June. Employment showed a slight improvement this month. The survey’s broad indicators of future activity continue to suggest that the region’s manufacturing executives expect growth in business over the next six months, but optimism has waned notably in recent months.The survey’s broadest measure […]
thestatedtruth.com | July 15, 2010
ICI reports that domestic equity mutual funds saw $4.1 billion in outflows, the largest outflow in the past 2 months, and the third biggest weekly redemption in 2010! This is also the tenth sequential outflow, amounts to $34 billion in total outflows YTD.
thestatedtruth.com | July 15, 2010
From→ Washington’s Blog       7-15-2010 BP has succeeded in capping the well and stopping oil from flowing into the Gulf of Mexico … at least temporarily. The official Deepwater Horizon Response Twitter feed noted as of a couple of minutes ago: Update:        NO OIL FLOWING INTO THE GULF  As of this writing, Skandi ROV 2’s […]
thestatedtruth.com | July 14, 2010
How do we know stocks are still overvalued? We know by looking at Professor Robert Shiller’s cyclically adjusted PE chart for the past 130 years. The cyclically adjusted PE is one of the only measures of valuation that has some long-term predictive validity, and this chart suggests that stock returns are going to continue to […]
thestatedtruth.com | July 14, 2010
So who does one believe in this situation……. Submitted by George Washington on 07/14/2010  Admiral Thad Allen just announced that the well integrity test has gotten a green light.  The test has already started. As I noted yesterday, BP suspended the “top kill” operation for 16 hours – because, according to numerous experts, it […]
thestatedtruth.com | July 14, 2010
Speaking of credit, or the lack thereof, the U.S. has been stripped of its AAA credit rating. So have Britain, France and Germany… This morning, the Dagong Global Credit Rating Co., China’s first real attempt at a ratings agency, initiated coverage on the sovereign debt of 50 different countries. “Dagong’s sovereign credit ratings are based […]
thestatedtruth.com | July 14, 2010
Jim Grant, editor of Grant’s Interest Rate Observer, appeared on Bloomberg TV to talk about the Fed’s three potential additions to the Board of Governors. Jul 14, 2010 Here are the key highlights from the interview, courtesy of Bloomberg Television: Grant’s thoughts on new Fed additions: “I think the first order of business will be […]
thestatedtruth.com | July 14, 2010
Fed policy makers raised the possibility that further monetary stimulus may be needed if the economy shows more serious signs of slowing.  They also cut growth forecasts and suggested slower growth is possible going forward.
thestatedtruth.com | July 13, 2010
The corporate recovery looks good, actually it looks great,……but what about main street? By Ian King – Jul 13, 2010 Intel Corp., the world’s biggest chipmaker, reported record second-quarter sales and topped analysts’ estimates with its forecast for this period, allaying concern that a rebound in technology spending is losing steam. Third-quarter sales will be […]
thestatedtruth.com | July 13, 2010
July 13, 2010 By George Friedman The United States has captured a group of Russian spies and exchanged them for four individuals held by the Russians on espionage charges. The way the media has reported on the issue falls into three groups: That the Cold War is back, That, given that the Cold War is […]
thestatedtruth.com | July 13, 2010
By Jim Polson and Jessica Resnick-Ault Jul 13, 2010 BP Plc plans to start testing today on a new cap over its leaking Gulf of Mexico well to determine whether it can stop the largest U.S. oil spill in history while continuing work on a permanent plug. Starting about noon local time, a 40-foot (12-meter) […]
thestatedtruth.com | July 12, 2010
2010-07-12 “Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It’s unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now […]
thestatedtruth.com | July 12, 2010
The question is….how will this enormous amount of money be rolled over. If things don’t go smoothly, a crisis awaits the world’s banks. By JACK EWING Posted: July 12, 2010 FRANKFURT — The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered […]
thestatedtruth.com | July 12, 2010
This is a bomb shell out of Cuba, no pun intended. HAVANA          Mon Jul 12, 2010 HAVANA (Reuters) – Former Cuban leader Fidel Castro, who has lived in seclusion since falling ill four years ago, will appear on Cuban television and radio on Monday evening to discuss his theory that the world is on the […]
thestatedtruth.com | July 12, 2010
I hope the Brits lock up Taranis safe and secure at night, One would think there are a few Russians that would love to fly this pie pan back to the motherland. Might then be uncatchable. By Daily Mail Reporter July 12,  2010 Looming ominously like a space ship from Star Wars, this is the future of unmanned flight. Defence firm BAE […]
thestatedtruth.com | July 12, 2010
 This is an interesting comment out of Russia. One has to wonder why they decided to discuss it now? MOSCOW                                 Mon Jul 12, 2010 MOSCOW July 12 (Reuters) – Russian President Dmitry Medvedev said on Monday that Iran was moving closer to having the potential to create nuclear weapons. “Iran is moving closer to […]
thestatedtruth.com | July 11, 2010
They got to be kidding…..Nope.  A new mandate looming, will require business owners to file millions more tax forms according to The Joint Committee on Taxation — a nonpartisan Congressional committee that analyzes pending tax legislation — estimated that it would bring in only about $2 billion a year in new tax revenue. By Neil deMause                                  Posted: […]
thestatedtruth.com | July 11, 2010
This not just possible, but most likely probable! July 11, 2010 WASHINGTON — President Barack Obama’s chief spokesman says it’s possible that Democrats could lose their majority in the House this fall. Press secretary Robert Gibbs says there’s no doubt that enough seats are in play for Republicans to take control. Gibbs says the outcome […]
thestatedtruth.com | July 11, 2010
By Michael McDonald      Jul 11, 2010 States can’t count on the federal government for more budget bailouts, the heads of President Barack Obama’s debt commission told governors today. States that are expecting Congress to authorize more bailout money are “going to be left with a very large hole to fill,†said Erskine Bowles, co-chairman of […]
thestatedtruth.com | July 10, 2010
Comstock Partners, Inc. Posted July 10, 2010 Velocity Is the Key We understand that we have discussed the debt problem in this country for what seems to be forever, but we can’t stop talking about it now that the debt is clearly the catalyst for the latest stock market downturn. Debt is discussed by the […]
thestatedtruth.com | July 10, 2010
BP removes old cap; oil runs free as new cap is prepared…….Let’s hope this works.  With British Petroleums record, we wouldn’t want to be in their shoes. Engineers began work Saturday on installing a new, tighter-fitting containment cap for the Gulf spill. They removed the old cap, which temporarily means oil is gushing out unabated. […]
thestatedtruth.com | July 9, 2010
So, you say who is Robert Reich…………. Robert Reich was the nation’s 22’nd Secretary of Labor and a professor at the University of California at Berkeley. He has served as labor secretary in the Clinton administration, as an assistant to the solicitor general in the Ford administration and as head of the Federal Trade Commission’s policy […]
thestatedtruth.com | July 9, 2010
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business […]
thestatedtruth.com | July 8, 2010
 The problem is actually pretty simple. We have more debt than productive growth can support. Debt has been losing its marginal productivity for years now and it no longer increases GDP. Rather, we abruptly reached debt saturation and now growth in debt reduces GDP. We have such levels of mal-investment and excess balance sheet […]
thestatedtruth.com | July 8, 2010
WASHINGTON -(Dow Jones)- The federal budget deficit for the first nine months of the 2010 fiscal year was just over $1 trillion, the Congressional Budget Office reported Wednesday. The shortfall, reflecting $2.6 trillion in outlays for the first three quarters and $1.6 trillion in receipts, narrowed slightly compared with the same point in fiscal 2009. […]
thestatedtruth.com | July 8, 2010
By Vincent Del Giudice       Jul 8, 2010  Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The $9.1 billion decrease followed a revised $14.9 billion slump in April that was initially estimated as a $1 billion […]
thestatedtruth.com | July 8, 2010
July 08,2010 In a significant step toward an AIDS vaccine, U.S. government scientists have discovered three powerful antibodies, the strongest of which neutralizes 91% of HIV strains, more than any AIDS antibody yet discovered. Looking closely at the strongest antibody, they have detailed exactly what part of the virus it targets and how it attacks […]
thestatedtruth.com | July 8, 2010
Records are made to be broke…. By Tyler Durden        07/08/2010 The Baltic Dry Shipping Index, which contrary to what some may claim, actually is one of the best leading indicators on global trade and thus the health of the economy, continues to plunge, and is now below 2000, hitting fresh 14 month lows, at 1940. […]
thestatedtruth.com | July 8, 2010
Nice of the IMF to warn us………. By Tyler Durden   07/08/2010 The IMF has issued a less than stellar outlook of the US economy after consultations with US government authorities, in which it cautions that even as the outlook has generally improved, major downside risks remain: “On the downside, the backlog of foreclosures and high […]
thestatedtruth.com | July 8, 2010
Now all you have to do is qualify! Today, Freddie Mac announced that the 30 Year FRM declined to a new all time record low, dropping by 1 bp to 4.57% from the week before. Yet even as mortgage rates hit fresh weekly records courtesy of the Fed’s undisputed control of the mortgage market, the […]
thestatedtruth.com | July 7, 2010
Wednesday  Jul. 07, 2010 By JEFF DONN and MITCH WEISS – Associated Press Writers Leading environmental groups and a U.S. senator on Wednesday called on the government to pay closer attention to more than 27,000 abandoned oil and gas wells in the Gulf of Mexico and take action to keep them from leaking even more […]
thestatedtruth.com | July 7, 2010
From  The Wall Street Journal From what we have heard and read, something similar to this has been in the works for some time. The U.S. plans a program, called “Perfect Citizen,” to detect cyber assaults on companies and government agencies running critical infrastructure which include the electricity grid and nuclear power plants.
thestatedtruth.com | July 7, 2010
Record low temperatures in San Diego By Gary Robbins , UNION-TRIBUNE STAFF WRITER Updated July 7, 2010 While much of the nation swelters, in San Diego people have to bundle up at the beach. This is July?  It didn’t feel that way as high temperatures were at record lows in San Diego County today, says […]
thestatedtruth.com | July 6, 2010
WHAT WE KNOW ABOUT BP DERIVATIVES: CSO (Credit Synthetic Obligations) A study by Moody’s outlines that a BP bankruptcy would impair 117 Collateralized Synthetic Obligations (CSOs), which would lead to pervasive losses by a broad range of holders. The 117 effected is a startling 18% of the total CSOs outstanding, which is an indication of […]
thestatedtruth.com | July 6, 2010
thestatedtruth.com | July 6, 2010
By Christopher Martin       July 6, 2010 The New York Independent System Operator, which controls the state’s power grid and market, ordered cuts to customers that participate in demand reduction programs as hot weather drove consumption near the record high. Power demand rose to 33,450 megawatts as of 4:22 p.m., even after the grid operator asked […]
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