thestatedtruth.com | August 31, 2011
$1 Trillion in capital needed in Europe for banks…Geez Gold anyone? From the WSJ: “Here we go again,” says the Goldman report, amid a number of charts displaying negative statistics similar to those that portended problems before the 2008 financial panic. “Solving a debt problem with more debt has not solved the underlying problem. In the […]
Category: Commentary, Economy, National News, World News |
509 Comments »
Tags: debt, Economy Negatives, Financial Panic, Sledge Hammer
thestatedtruth.com | August 31, 2011
A record 45.8 million people are now relying on the government’s food stamp program, up 12% from a year ago and up an astonishing 34% in only the last two years.
Category: Commentary, Economy, National News, Wall Street |
129 Comments »
Tags: food stamps, Take A Number, unemployment
thestatedtruth.com | August 31, 2011
Historically it’s very negative for the stock market when cash levels are low. It means that everybody that wants in the market , is in, and the money has been spent. It’s doubly bad when cash levels are at record lows! Mutual funds just saw Liquid Assets drop to a new all time record low of 3.3% (down from 3.4%). […]
Category: Commentary, Economy, National News, Wall Street |
640 Comments »
Tags: mutual fund cash, stock market
thestatedtruth.com | August 31, 2011
We’re in an economy where demand is falling. Gasoline use in the U.S. has dropped to an 8-year low. Households are saving money (or trying). Incomes are going down while the real economy is shrinking. We live in challenging times to say the least!
Category: Commentary, Economy, National News |
466 Comments »
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thestatedtruth.com | August 31, 2011
Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer. Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]
Category: Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Wall Street |
437 Comments »
Tags: Babt Boomers, retired
thestatedtruth.com | August 31, 2011
The Fed is caught by its tail in a mouse trap. Charles Evans, president of the Chicago Federal Reserve Bank told CNBC television the labor market, with its 9.1 percent jobless rate, looks to be in a recession. (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help […]
Category: Commentary, Economy, Finance, National News, Wall Street |
5 Comments »
Tags: Economy, Fed Actions, Recession
thestatedtruth.com | August 30, 2011
Bill Gross says everyone needs to get real…”We are into the “bumpy journey” phase of our New Normal where fear, lack of policy options and loss of control can dominate.” From PIMCO: New-Fangled Love Songs Liquidity concerns may affect all European peripheral bond markets unless the European Central Bank counters the rush for the exits with […]
Category: Commentary, Economy, Finance, National News, News Letters, Wall Street |
561 Comments »
Tags: Bill Gross, Pimco New Normal
thestatedtruth.com | August 30, 2011
Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend. The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around housing….kind of like magic. As you might guess, the banks aren’t so happy about […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
481 Comments »
Tags: Free Money, Giveaway, Real Estate
thestatedtruth.com | August 30, 2011
Ugh….this should come as no surprise! The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009. Even uglier is the 6 month outlook which fell from 74.9 to 51.9.
Category: Commentary, Economy, National News, Wall Street |
622 Comments »
Tags: consumer, Consumer Confidence, Economic Stats
thestatedtruth.com | August 30, 2011
The U.S. Pentagon has repeatedly warned that September is a time to be watchful about the happenings in the Middle East! From the AP: “The Israeli military says it has sent two more warships to the Red Sea border with Egypt following warnings that militants are planning another attack on southern Israel from Egyptian soil. […]
Category: Commentary, National News, National Security |
19 Comments »
Tags: Battle Ships, Israel, Middle East
thestatedtruth.com | August 28, 2011
The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]
Category: Commentary, Economy, Finance, National News, Wall Street |
11,696 Comments »
Tags: Economy, john mauldin, Recession, Stats
thestatedtruth.com | August 26, 2011
MONROE, Ga. (AP) Besse Cooper turned 115 on Friday, August 26, and is now listed as the oldest living person in the world . Besse was born in 1896. To put things in proper perspective, the automobile was just being invented back then, there was no such thing as a TV and most people didn’t have running water […]
Category: Commentary, National News, Tid Bits |
14 Comments »
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thestatedtruth.com | August 26, 2011
Here comes the mother of all storms for the East coast! So here’s an interesting question….what happens if you have a giant crane up in the air working a project on the East coast (New York or New Jersey) and it can’t be removed in time because you’ve never before seen a hurricane come this far north like this one? Just […]
Category: Commentary, Economy, National News, Wall Street, Weather |
12 Comments »
Tags: Hurricane Irene, Mother Of All Storms, Rain
thestatedtruth.com | August 25, 2011
Beware, the ides of October……“I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank. A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, […]
Category: Commentary, Economy, Finance, National News, Wall Street |
16 Comments »
Tags: Bankers, CDS, Credit Defaul Swaps, Economic Collapse, Warning Signs
thestatedtruth.com | August 23, 2011
We have touched on this important subject back on July 17th and again just a few days ago on August 19th here at TheStatedTruth.com in an article that was titled “Things That Could Go Bang And Change The World“. Scroll down to read it. Israeli-Arab Crisis Approaching By George Friedman | August 23, 2011 In September, the U.N. General […]
Category: Commentary, Economy, Gold and Silver, National News, National Security, Wall Street, World News |
191 Comments »
Tags: Israeli-Iran, Middle East War, Things That Could Go Bang, World War
thestatedtruth.com | August 22, 2011
Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]
Category: Commentary, Economy, Inspirational, Interest Rates, Bonds, National News, Pensions and Retirement, Real Estate, Wall Street |
51 Comments »
Tags: Baby Boomers, Public Retirement Plans At Risk, retirement, Tough Years Ahead
thestatedtruth.com | August 22, 2011
Morgan Stanley, at the brink of collapse in 2008, got $107 B, yes, B as in Billion from the Fed. They’ve got’ta be kidding! Nope, not kidding. Soon after that, record bonuses came flowing faster then you could flick a bic! Every Fed official should be ashamed of this BS… yes the same stuff that gets stepped in. Oh we […]
Category: Commentary, Economy, National News, Wall Street |
18 Comments »
Tags: Brokerage Borrowings, Fed Loans
thestatedtruth.com | August 19, 2011
Just a reminder that this was posted on www.thestatedtruth.com back on July 17th……… War between Iran-Israel… CIA veteran Robert Baer, I think we are looking into the abyss, there is a warning order inside the Pentagon to prepare for war. There is almost near certainty that Netanyahu is planning an attack [on Iran] and it will probably be in September […]
Category: Commentary, Commodities, Economy, Gold and Silver, National News, Tid Bits, Wall Street, World News |
42 Comments »
Tags: Other Things To Think About, Things That Could Go Bang
thestatedtruth.com | August 19, 2011
Interesting tid bit…..according to Rob McEwen, only one gold mining company is included in the S&P 500. Can you guess which one it is? Answer: Newmont Mining ( NEM) is the only gold mining company listed in the S&P 500 P.S. There is more than $ 1 trillion of index funds invested in the S&P 500! This insinuates […]
Category: Commentary, Economy, National News, Tid Bits, Wall Street |
49 Comments »
Tags: Gold Mining Stocks, Mining Stocks
thestatedtruth.com | August 18, 2011
Not exactly what the housing market needs to find a bottom….fiddling with or elimination of the real estate mortgage deduction and real estate tax deduction will be disastrous in the current environment. Although the compromise legislation itself involved no new taxes, it created an unusual mechanism, an evenly split, 12-member bipartisan super-committee that could call for […]
Category: Commentary, Economy, National News, Real Estate |
559 Comments »
Tags: mortgage deduction, Real Estate Deduction
thestatedtruth.com | August 18, 2011
Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate as many as ten thousand positions. Additional reductions are being discussed as part of an overhaul known as “Project New BAC,” after the Charlotte, N.C., bank’s ticker symbol. Sources close to the situation say as many as 10,000 jobs are […]
Category: Commentary, Economy, National News, Wall Street |
657 Comments »
Tags: Bank Job Cuts, Financial Institutions Cut Jobs
thestatedtruth.com | August 17, 2011
Records are made to be broken. The time for this record to be broken is near. Buyer beware! The week ending August 10 saw a near-record amount of redemption’s from domestic equity mutual funds, amounting to an unprecedented $23.5 billion. This brings the total for August to $34 billion. Another $13 billion in outflows and […]
Category: Commentary, Economy, Finance, National News, Wall Street |
399 Comments »
Tags: Domestic Stock Outflows, Fund Redemptions
thestatedtruth.com | August 16, 2011
The average consumer is tapped out. Be forewarned, a new recession is coming…. whether the government admits it or not! Walmart, warned on Tuesday that continued weakness in the U.S. economy has put pressure on its low income consumers who are increasingly worried about unemployment and becoming more reliant on government assistance. Walmart’s has reported its ninth consecutive quarter […]
Category: Wall Street |
426 Comments »
Tags:
thestatedtruth.com | August 16, 2011
And why is this….it’s because most assets are deflating (going down in value) but food has been inflating (going up in cost)… along with most types of energy until just recently. Rasmussen: “Americans nationwide continue to lose faith in the Federal Reserve Board to keep inflation under control, with the number who say they are paying […]
Category: Commentary, Economy, National News |
2 Comments »
Tags: Foof Costs
thestatedtruth.com | August 15, 2011
Ding Dong, The Wicked Witch Is Dead….Or, Maybe Not! Stone McCarthy: Negative Empire Survey Results “You usually don’t get three straight months of negative results unless you are in a recession (Note: NY Fed historical data only started in July 2001). ” SMRA continues: “If that’s not bad enough for you, the forward-looking new orders […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street |
439 Comments »
Tags: Negative Empire Survey, NY Fed, Philly Fed
thestatedtruth.com | August 15, 2011
Couldn’t have said it better……home owners are already ahead of this curve! “You just slip out the back, Jack. Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. Hop on the bus, Gus. You don’t need to discuss much. Just drop off the key, Lee. And get yourself […]
Category: Commentary, Economy, Inspirational, National News, Wall Street |
11,778 Comments »
Tags: Wall St Bankers, Wall Street
thestatedtruth.com | August 11, 2011
It couldn’t happen to a worst run government enterprise. Excuse us, second worst, Fannie Mae probably takes the brass knuckle. Our advice….give the whole pile of crap to United Parcel Service (UPS), they would only need to black out one initial. Not to be too greedy, it might even be smart to pay them to take everything,…even […]
Category: Commentary, Economy, Inspirational, National News |
342 Comments »
Tags:
thestatedtruth.com | August 11, 2011
If your cell phone is having problems, ours are too…. here may be the reason why. Solar storms could affect earth technology. According to The International Business Times: “Power grids, GPS systems and satellites could be among the technologies affected by surges of energy released by the sun’s swelling magnetic field, according to the National Oceanic […]
Category: Commentary, Economy, National News, Weather |
693 Comments »
Tags: Solar Storms, Sun Storms
thestatedtruth.com | August 11, 2011
These are bad seats hey buddy, front row, behind a pole! The chart is a few years old, but you get the picture. www.ingerletter.com
Category: Wall Street |
2 Comments »
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thestatedtruth.com | August 11, 2011
The USDA (United States Department of Agriculture) just threw a wrench into any chance of lower food prices as U.S. corn reserves (as of August 2012) are expected to be at the lowest levels since the mid-1990’s. One thing is for sure….more inflation is coming to a store near you! Wells Fargo says to expect food prices to […]
Category: Commentary, Commodities, Economy, National News |
25 Comments »
Tags: Farmers, Grain Harvest, Outlook 2011, USDA Forecasts
thestatedtruth.com | August 9, 2011
California was counting on collecting increasing tax revenue, even though almost every tax generating category in the state is slowing. Rest assured that these political morons never passed basic math 101. California just announced that state tax revenue fell in July, more than 10% below expectations. The LA Times blog says this will, “make it more likely that deeper cuts […]
Category: Commentary, Economy, Finance, National News, Wall Street |
74 Comments »
Tags: Basic Math, California, Tax Revenue Shortage
thestatedtruth.com | August 9, 2011
A Big Mac priced in U.S. Dollars is $17.19 (for one), in Zurich….But Fed Chairman Bernanke says we have no inflation. Question to Mr Burnanke: Just how did a McDonald’s Big Mac get so expensive in Zurich? Um…..
Category: Commentary, Economy, Inspirational, National News |
64 Comments »
Tags: Big Mac, Fine Dining, Hamburger
thestatedtruth.com | August 8, 2011
So what happens when everybody hits the PANIC button at the same time? For starters….How about a global stock market dump equal to $7.8 TRILLION.
Category: Commentary, Economy, Interest Rates, Bonds, National News, Wall Street |
668 Comments »
Tags: Market Losses, Stock Wipeout
thestatedtruth.com | August 7, 2011
The F-22 Raptor fighter jet is a sleek, diamond-winged fighter conceived during the Cold War in the early 1980’s to combat a new generation of Soviet fighter jets. But with the collapse of the Soviet Union, the Soviet fighters that the U.S. military planners had feared never moved beyond development stage and none were ever built. So the United States ended […]
Category: Commentary, National News, National Security, Wall Street |
3 Comments »
Tags: F-22 Raptor, Fighter Jet, Government Morons
thestatedtruth.com | August 6, 2011
More specifically it looks like Italy is next up and Spain is in the hole when it comes to new insolvent disasters! Global leaders call for an urgent emergency summit of finance ministers. Is it dominoes we hear falling? Referencing Spiegel: Concerning the EFSF (European Financial Stability Facility) German Govt: Italy Too Big For EFSF To Save German […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
75 Comments »
Tags: dominoes, EFSF, Insolvent
thestatedtruth.com | August 6, 2011
I met a Genie today that said she would grant me one wish. “I want to live forever,” I said. “Sorry,” said the Genie, “I’m not allowed to grant wishes like that!” “Fine,” Then I want to die after Congress gets their heads out of their asses.” “You crafty bastard,” said the Genie!
Category: Commentary, Economy, Jokes, National News |
14 Comments »
Tags: Fairytale, Genie, Story, wishes
thestatedtruth.com | August 5, 2011
Bye bye U.S. AAA debt rating. The new normal just changed for the worse. For the most part, everyone thought things were already bad and “had” to get better! Oh well, live and learn. Next week could be a dozy! We have some tough years ahead of us between 2012 and 2014. But before that, a stock market […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
53 Comments »
Tags: Bad News, U.S. Debt Rating;Bonds
thestatedtruth.com | August 5, 2011
Could the unthinkable happen? Here’s Peter Barnes of the Fox Business Network. Peter Barnes: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” Geithner’s response: “No risk of that.” “No risk?” Barnes asked. “No risk,” Geithner said. www.zerohedge.com
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
41 Comments »
Tags: debt, Risk
thestatedtruth.com | August 5, 2011
The background indicates that this isn’t good news….here’s why. Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently. The most interesting aspect […]
Category: Commentary, Economy, Education and Schooling, Finance, National News, Wall Street |
1,550 Comments »
Tags: consumer credit
thestatedtruth.com | August 4, 2011
Stocks plunged sharply Thursday, with the Dow down more than 500 points in its worst one-day drop since December 2008. So, the question is….are we looking at the real meal deal at McDonald’s or just a snack? We think just a snack. Sometime soon the market will probably start a rally, and the rally should last into late […]
Category: Commentary |
756 Comments »
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