thestatedtruth.com | June 30, 2011
Amazon just escalated a stink with California over Internet taxes….and emailed the termination of its affiliate advertising program to 25,000 websites. Bad seats…hey buddy, front row behind a pole!! Gov. Jerry Brown has signed into law California’s tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts say. […]
Category: Commentary, Economy, National News, Wall Street |
5 Comments »
Tags: Amazon, California Stink, Internet taxes
thestatedtruth.com | June 30, 2011
Agree…..but the economy may not improve for years….we’re in the new normal, best to get used to it! Former President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves. “If they [the Republicans] […]
Category: Commentary, Economy, National News, Wall Street |
13 Comments »
Tags: Bipartisan, Clinton, Cutting Spending, new normal, raising taxes
thestatedtruth.com | June 29, 2011
                                    Manganese Brass Dollar Coins                                                  Picture from Wikipedia As these bronze looking Manganese brass dollar coins enter circulation, they soon start looking greenish and of course, ugly.  So the question is… why would anyone want them in one or more pockets? In the basement of a Baltimore vault the size of a soccer field, 1 billion dollar coins are […]
Category: Commentary, Commodities, Economy, Finance, National News, Tid Bits, Wall Street |
55 Comments »
Tags: $1 Coin, Dollar Coins, One Dollar Coins
thestatedtruth.com | June 28, 2011
Interest rates are at record 100 year lows, but even so, the world is sporting an unusually slow learning curve! Logically speaking, if interest rates were to climb,  it would be “lights out, game over” and the mother of all depressions. Something to think about since no one else seems to be interested. BIS is warning of higher rates […]
Category: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street |
11,927 Comments »
Tags: defaults, Depression, Interest rates, Rising Interest Rates
thestatedtruth.com | June 28, 2011
This is what we have to look forward to……2012 is supposed to be worse then 2011 for government, state and local jobs. That’s why this is going to be called the LOST decade! In March 2010, the U.S. economy finally began to add jobs again. Every month since then, private sector employment has grown. Yet almost every month […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street |
63 Comments »
Tags: Government, Job Growth, Lack Of Jobs, Local Government Jobs, State
thestatedtruth.com | June 28, 2011
From MarketWatch.com …….Yep, PIMCO, the same one that Bill Gross founded.  So PIMCO says we have inflation, Jim Rogers says we have inflation and Lunch Pale Jack says we got inflation…but the U.S. Federal Reserve says pay attention everyone…the kind of inflation you all are looking at doesn’t count! Ok, that explains it! – Inflation set […]
Category: Commentary, Economy, National News, Wall Street |
213 Comments »
Tags: inflation, No Inflation
thestatedtruth.com | June 27, 2011
If not for the massive government gift giving (stimulus), we would be in a depression. Report: Government to pass private sector as primary lender in U.S. According to Investor’s Business Daily, citing Federal Reserve data, the U.S. government, perhaps “as early as this quarter” is likely to “displace the private sector as the biggest source […]
Category: Commentary, Economy, National News, Wall Street |
35 Comments »
Tags: Government Lending, Stimulus
thestatedtruth.com | June 27, 2011
Remember the old saying, you’re only as strong as the weakest link….or links which is the case more often now days. Looks like the dominoes in Ireland are falling. They’re not alone. “Ireland is screwed,” said a local expert. “Our property developers are broke. And they owe a lot of money to the banks. So they’re broke too. […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
711 Comments »
Tags: dominoes, Homes, Ireland, Real Estate
thestatedtruth.com | June 27, 2011
There she blows, it was just a matter of time…..are there now any doubts that Frank McCourt has a nose as long as Pinocchio’s. Worth as much as 1 Billion dollars……dream on, first of all Frank McCourt was the only bidder when he bought the Dodgers back in 2004 according to the commissioner…..and he paid $430 million […]
Category: Commentary, Economy, Finance, National News, Wall Street |
42 Comments »
Tags: Bankrupt Dodgers, Baseball, Broke Dodgers, LA Dodgers Go BK
thestatedtruth.com | June 27, 2011
Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
56 Comments »
Tags: Greece, Greek Banks, Kicking The Can, Moody's On Greece, Run On Banks
thestatedtruth.com | June 27, 2011
What George Soros really means is that they’re about to kick the can down the road again and save the big banks of the world, again….at least until bonus time! George Soros, Chairman of Soros Fund Management and famous for breaking the Bank of England in 1992, has warned that “we are on the verge of […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
217 Comments »
Tags: Economic Collapse, Euroe Broke, Soros, World Economics
thestatedtruth.com | June 26, 2011
From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago. Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]
Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Wall Street, World News |
75 Comments »
Tags: Consumers, debt, Paying Down Debt
thestatedtruth.com | June 26, 2011
Drinking water at certain times of the day are thought to maximize its effectiveness on the body, we will review some of these many reasons below…… 2 glasses of water after waking up – could help activate internal organs 1 glass of water 30 minutes before a meal – could help digestion 1 glass of water before taking a bath – […]
Category: Commentary, National News, Tid Bits, Wall Street |
1 Comment »
Tags: H2O, tid bits, Water Tid Bits, Water Water
thestatedtruth.com | June 24, 2011
From Eric Janszen of I-Tulip fame…..Eric thinks this is how things are shaping up. So, we can expect to see the years 2013-2014 look pretty darn negative! Then we’ll have to see. Can we escape the moderate but persistent output gap trap we are in today? Remember, we need at least three years of 4% plus GDP growth […]
Category: Commentary, Economy, Finance, National News, Wall Street |
176 Comments »
Tags: Business 101, Economics, Real GDP
thestatedtruth.com | June 23, 2011
This is a lead bowling ball going down hill….the first pin to be hit is New Jersey! And even more interesting, Democrats control both houses of the Legislature…. and union membership is among the highest in the country. Go figure! From The New York Times…… TRENTON — New Jersey lawmakers on Thursday approved a broad rollback […]
Category: Commentary, Economy, Finance, Healthcare and Science, National News, Pensions and Retirement, Wall Street |
53 Comments »
Tags:
thestatedtruth.com | June 22, 2011
Considering that we’re in the summer buying season, this is bad news….. Purchases of existing homes fell 3.8% in May from the prior month to an annual rate of 4.81 million homes. At that pace, sales this year would drop below last year’s 13-year low of 4.91 million. At the same time, the price of […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
58 Comments »
Tags: Home Sales, housing, Real Estate, Realtors
thestatedtruth.com | June 19, 2011
From Washington’s Blog………….. WOWT Reports: [Fort Calhoun Nuclear Power Plant’s chief nuclear officer, Dave Bannister] said for the plant to get to a disaster level, floodwater would have to rise three and a half feet above where it stands now. The Kansas City Star Notes: The endless complexities have made prediction a tough task, said […]
Category: Commentary, Economy, National News, National Security, News Letters, Outliers, Weather |
49 Comments »
Tags: Nuclear Power Updates
thestatedtruth.com | June 18, 2011
Retirements are changing more then anyone thought possible. From… The Wall Street Journal Several factors are driving the trend toward older people earning and working less, from the sour economy to downsizing and the fact that employers have been moved to more “performance-based” pay, which often translates into smaller pay increases, as well as pay […]
Category: Commentary, National News, Pensions and Retirement, Wall Street |
717 Comments »
Tags: Retirement Facts, Salary;Employers Retirement
thestatedtruth.com | June 18, 2011
So, what does the federal government say about all of this?…….Uh, we never promised anyone a Rose Garden! Bloomberg: Little Rock, Arkansas, has stopped replacing aging police cars. Mesa, Arizona, is losing $5 million a year from thousands of vacant homes that aren’t paying utility bills. Providence, Rhode Island, closed schools, fired teachers and may cut […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
472 Comments »
Tags: Cities, Government, taxes
thestatedtruth.com | June 18, 2011
There is good news here, and not so good news……..in a nutshell, the economy is flat and not growing but not collapsing either. That sort of sums it up, the good and the bad! By Lee Adler Month to date Federal withholding taxes as of June 15 were down 5.5% from last year, negating the monthly […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
586 Comments »
Tags: Federal Tax Payments, Tax Collections, Tax Reciets
thestatedtruth.com | June 15, 2011
The gap between spending and revenues has never been larger! The American consumer is tapped. Just look at the outstanding debt count: -over $10 trillion in mortgage debt -$1 trillion in student loan debt -over $750 billion in credit card debt We also have billions more in automotive debt. This is simply unsustainable and we […]
Category: Charts and Graphs, Commentary, Economy, National News, News Letters, Wall Street |
43 Comments »
Tags: Gap, GDP Gap, Revenues, spending
thestatedtruth.com | June 15, 2011
It’s a sign of the times and also why generations of workers are screwed for as far as the eye can see….main street Jack and Jill see little if any government stimulus drift down to him or her. It’s the sad but real truth. The better question though is ….How do we fix this? The common answer from the […]
Category: Charts and Graphs, Commentary, Economy, National News, News Letters, Pensions and Retirement, Personal Net Worth, Wall Street |
81 Comments »
Tags:
thestatedtruth.com | June 14, 2011
China and Russia are moving up on the Gold holdings chart… but the IMF is selling everything that’s not nailed down. Otherwise it all stays pretty much the same. The Gold production rankings are as follows and listed in order of production……China, Australia, South Africa,USA, Russia and Peru.Â
Category: Charts and Graphs, Commentary, Gold and Silver, National News, Wall Street, World News |
473 Comments »
Tags: Gold Holdings By Country, World Gold Holdings
thestatedtruth.com | June 13, 2011
The price of everything is going up….only a dumb bell doesn’t believe we have inflation! And the biggest dumb bell of them all….uh, who is that over there in line, Uncle Sammy….is that you? As the summer tourist season begins, the Walt Disney Co. announced an increase in ticket prices at Walt Disney World Resort in Orlando […]
Category: Commentary, Economy, National News, Wall Street |
536 Comments »
Tags: Disney Hikes Prices
thestatedtruth.com | June 13, 2011
Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely†to face a debt restructuring and the […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, World News |
353 Comments »
Tags: EU Greece Bonds, Greece, Greek Bonds, Junk Bonds
thestatedtruth.com | June 13, 2011
We’ve just had 100 year floods, now it looks like we have the 100 year drought………About 94 percent of Texas was in a state of severe, extreme or exceptional drought as of June 7, according to the U.S. Drought Monitor compiled by the U.S. Agriculture Department and the National Drought Mitigation Center. The October-through-May period was […]
Category: Commentary, Commodities, Economy, National News, Weather |
11,939 Comments »
Tags: 100 year drought, Drought, hundred year drought
thestatedtruth.com | June 11, 2011
Fat chance of this debt ever getting cut in a timely manor other then by default! Debt is the reason that the world goes into another recession or controlled depression at some point! Just a matter of time. $26,172 isn’t some magic number, it’s the amount of debt the average U.S. household would need to cut to […]
Category: Commentary, Economy, Finance, National News, Personal Net Worth, Wall Street |
482 Comments »
Tags: debt, household debt
thestatedtruth.com | June 9, 2011
About a year ago Zero Hedge posted an article…..”Record Number Of Americans Using Retirement Funds As Source Of Immediate Cash” after a report by Fidelity uncovered that “plan participants with loans outstanding against their 401(k) accounts had reached 22 percent versus 20 percent a year earlier.” Well guess what? The new number is now 30% […]
Category: Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Wall Street |
966 Comments »
Tags: 401k Plans, pensions, retired, retirement accounts
thestatedtruth.com | June 9, 2011
Household wealth in the U.S. climbed by $943 billion in the first quarter of 2011 according to the Federal Reserve’s flow of funds report out of Washington,  as rising stock market share prices outstripped declines in home values. From the peak in June 2007 to the low in 2009 the losses from all asset groups combined were -24.9% of assets. As of […]
Category: Charts and Graphs, Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Real Estate, Wall Street |
2,251 Comments »
Tags: household worth, net worth, persoanl net worth
thestatedtruth.com | June 8, 2011
Bill Gross has been on a roll talking about this……….Governments such as the U.S. are intentionally keeping interest rates artificially low to help reduce record debt levels, setting up investors up for a “pocket picking.†The U.S. has done little to reduce the size of the excess liabilities accumulated, Pimco wrote in what it called […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Pensions and Retirement, Wall Street |
30 Comments »
Tags: debt, Interest rates, u.s. debt, U.S. Interest Rates
thestatedtruth.com | June 7, 2011
You won’t hear this from the government…..the gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product. From USA Today: The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Wall Street |
624 Comments »
Tags: broke, debt, obligations, U.S. government
thestatedtruth.com | June 6, 2011
Is an education really worth the cost? In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines. Many are given to students to attend for-profit schools that will yield very […]
Category: Charts and Graphs, Commentary, Economy, Education and Schooling, National News, Wall Street |
9,398 Comments »
Tags: college, education, schools
thestatedtruth.com | June 6, 2011
So, what’s  in a AAA ranking? Triple AAA rankings are the highest mark given to companies considered to be the lowest risk investments. It means “Prime Maximum Safety” and they are assigned by S&P and Fitch. Rankings from other rating agencies use a slightly different labeling system, such as Aaa used by Moodys but it represents basically the same thing. In the early 1970s, about 60 […]
Category: Commentary, Economy, Finance |
510 Comments »
Tags:
thestatedtruth.com | June 5, 2011
What are the two things about getting older that stand out on the chart below…….Yep, health care costs and health insurance lead the way in cost inflation for retirement age people. The  comparison is to when they were ten years younger…..gasoline is in third place and drugs are fourth. Nothing else is even close in terms of cost […]
Category: Charts and Graphs, Commentary, Economy, Healthcare and Science, National News, Wall Street |
40 Comments »
Tags: health insurance, healthcare, retirement inflation
thestatedtruth.com | June 4, 2011
Here we go with a summary of earnings details per household as of May 2010 (it hasn’t changed much since). We repeat….we’re talking earnings details in this missive not wealth or net worth. 40% of US households make below $36,000 60% make below $57,000 80% make below $91,750 95% making below $165k 98% making less than $250,000 […]
Category: Commentary, Economy, Finance, Personal Net Worth, Wall Street |
12,163 Comments »
Tags: Data, Earnings, Earnings Data, Personal Earnings
thestatedtruth.com | June 4, 2011
This is the global wealth pyramid……in U.S. dollars. Basically only 8% of the WORLD population has $100,000 dollars or more of net worth! Put another way, 92% of the world population has less then $100,000 in total wealth.Â
Category: Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Wall Street |
962 Comments »
Tags: Global Wealth, monopoly money, Pyramid Of Money, Wealth Effect
thestatedtruth.com | June 3, 2011
Hmm….So whom might we ask, bought all this crap? How about the U.S. Federal Reserve…it’s as good a guess as any! And most people probably didn’t think (the) markets were rigged….shame on them! China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
420 Comments »
Tags: China, Rigged Markets, u.s. debt