thestatedtruth.com | November 10, 2012
The USDA delayed until Friday night its release of food stamp data for August. A quick glance at the number reveals 47.1 million recipients, which was a new all time record. The monthly increase of 420,947 from July was the biggest monthly increase since last year. www.zerohedge.com
thestatedtruth.com | October 29, 2012
Maybe it’s just aa simple matter of to many video games……or not!
thestatedtruth.com | October 27, 2012
Median U.S. household incomes have been stagnant for most of the last twenty years…and falling hard for the last four years. But…..the top 10% and the top 1% earners have risen dramatically! www.mauldineconomics.com
thestatedtruth.com | October 25, 2012
This one is a whopper….“If the storm follows the current hurricane center forecast, we are looking at over $5 billion in damage,” said Chuck Watson, director of research and development at Kinetic Analysis…… New Huricane Sandy may combine with a second storm coming out of the Midwest to create a system that would rival the […]
thestatedtruth.com | October 25, 2012
Looks like a heavy breeze is blowing accross this windy political road with switch backs at every turn….. The Senate electoral landscape was supposed to favor Republicans, who are defending 10 seats, compared with 23 for Democrats. Democrats now control the Senate 53-47. Republicans must hold all of their seats and pick up four to gain control if President […]
thestatedtruth.com | October 24, 2012
Here is an interesting new projection of the presidential election. It comes from John Mauldin’s ‘Thoughts From The Front Line’ ….it looks like a toss up to us! According to Bickers and Berry’s analysis, Romney is projected to receive 330 of the total 538 Electoral College votes. President Obama is expected to receive 208 votes – down […]
thestatedtruth.com | October 17, 2012
This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities. The big growth cycle is over for education. The student population is buried in record amounts of student loans and debt, and this will take a long time to work off. A […]
thestatedtruth.com | September 30, 2012
Wow, this is really unbelievable. Truly, it’s unbelievable! You’ll never guess the name that controls the worlds biggest hedge fund. Chances are good that nobody will get this one right! The world’s largest hedge fund is not located in the top floor of some shiny, floor-to-ceiling glass clad skyscraper in New York, London, Hong Kong or Shanghai. Instead […]
thestatedtruth.com | September 30, 2012
In This Guessing Game……There Are Four Possible Answers. So here we go with inquiring minds! With the World on your shoulders, which one of these four outcomes would you look to hitch your horse to…. 1. One who knows and knows that he knows… His horse of wisdom will reach the skies. 2. One who knows, but doesn’t know that he […]
thestatedtruth.com | September 27, 2012
As often is the case, we present some unusual stuff. Enjoy the ride… The InTrade markets trading on the various outcomes of the Presidential have become increasingly liquid and active in recent weeks. As Morgan Stanley’s Vince Reinhart cleverly notes, by analyzing the odds for control of the Senate, the House, and the Presidential winner, […]
thestatedtruth.com | September 25, 2012
Savings….The average American says, what savings? The main reason for the recent surge in consumer “confidence” in September was the near record surge in sentiment for those making $15,000-$25,000, which soared from 43.5 to 62.4 in the month, the most since April 2009. And whether this was due to their forecast of the future, and expectation […]
thestatedtruth.com | August 26, 2012
Life as we thought it to be, has changed for ever! So what’s the new plan? Uh….Hello By Henry Blodget – Daily Ticker Annual incomes in the United States have dropped sharply in recent years, and near-retirees are getting hit the worst. That’s the conclusion of a new study by Sentier Research, which looked at the […]
thestatedtruth.com | July 16, 2012
Well, we know it’s a hot subject pun intended, so we’ll just say records are made to be broken…. The Northern Hemisphere just experienced the all-time warmest June on record, at 2.34°F above average. The average temperature for the contiguous U.S. during June was 71.2°F, which is 2.0°F above the 20th century average, contributing to a record-warm first […]
thestatedtruth.com | July 12, 2012
Can small town America survive a local Wal-Mart……Our opinion is that anytime one company controls so many things, it’s not good for anyone! A study of small and rural towns in Iowa showed lost sales for local businesses ranging from -17.2% in small towns to -61.4% in rural areas, amounting to a total dollar loss […]
thestatedtruth.com | July 11, 2012
Heads up class…We just read this, it’s very interesting and somewhat concerning, and also off the mainstream table…But then again, that’s why you come here! This from Bruce Krasting’s blog …….. I have absolutely no credentials or expertise to discuss matters related to climate change. I’ll do it anyway. I follow this topic and read what I can. In […]
thestatedtruth.com | June 29, 2012
The use of Eminent Domain to rewrite underwater mortgages would be catastrophic to the future of the housing industry. It would guarantee that private capital would have no interest in writing future loans for property that could be seized. Any idea that has no homeowner skin in the game should be dead on arrival! Officials in San Bernardino […]
thestatedtruth.com | June 26, 2012
Hmm… Survey: More Than 25% of Americans Have No Emergency Savings! By Nancy Stanley While nearly half of Americans don’t have enough money saved to cover emergencies, one-quarter don’t have any money saved, according to Bankrate.com’s Financial Security Index survey. The general rule of thumb is to have enough cash saved to cover at least […]
thestatedtruth.com | June 26, 2012
Ray Dalio: Don’t Assume That Germany Will Bail Europe Out; Consider The “Fat Tail” A Significant Possibility…….Dalio’s Bridgwater is one of the highest rated hedge funds anywhere, so naturally we highly value their opinion! From Bridgewater’s Daily Observations: Be Careful When Betting Against Human Nature Alliances are shifting in a logical manner. The German-French alliance is breaking down […]
thestatedtruth.com | June 24, 2012
At least somebody has this figured out! Ministry of [Un]Truth By Eric Sprott & David Baker Speaking at a Brussels conference back in April 2011, Eurogroup President Jean Claude Juncker notably stated during a panel discussion that “when it becomes serious, you have to lie.” He was referring to situations where the act of “pre-indicating” […]
thestatedtruth.com | June 11, 2012
Fed Says U.S. Wealth Fell 38.8% in 2007-2010 because of Housing….Duh! The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. Median net worth declined to $77,300 in […]
thestatedtruth.com | May 29, 2012
Wondering if duh…. is on the list. Hundreds Of Words To Avoid Using Online If You Don’t Want The Government Spying On You The Department of Homeland Security has been forced to release a list of keywords and phrases it uses to monitor social networking sites and online media for signs of terrorist or other […]
thestatedtruth.com | May 27, 2012
Bruce Krasting The real estate crisis has crushed many Americans, but not the farmers. Arable land is at the highest value in history. Prices were up 20% in both 2010 and 2012. In the past ten-years, farm land values have more than doubled. www.zerohedge.com
thestatedtruth.com | May 23, 2012
Warning from the Congressional Budget Office…don’t raise taxes! The Congressional Budget Office warned that the country could be thrown into a recession if Congress tries to reduce the nation’s deficit quickly with a combination of budget cuts and higher taxes scheduled to take place at the end of the year. The nonpartisan budget office laid […]
thestatedtruth.com | May 12, 2012
So, Governor Brown, do you still expect to see Californians vote themselves a tax increase….get real. California’s projected budget deficit has ballooned to $16 billion from the $9.2 billion estimated in January, according to California Governor Jerry Brown, and he warned of more painful spending cuts dead ahead. “We will have to go much further, and make […]
thestatedtruth.com | May 7, 2012
Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]
thestatedtruth.com | May 5, 2012
There she goes….the penny is dead in Canada. So, now the old saying of “a penny for your thoughts”, will be…”a nickel for your thoughts”! Canada minted its final penny today as Finance Minister Jim Flaherty said the coin was too expensive to produce and no longer needed for business. “The real issue was that people […]
thestatedtruth.com | April 30, 2012
And it’s likely to go even lower over the next few years! The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, said Scott Simon, the mortgage bond head of Pacific Investment Management Co. “It will be lower by 2017,” and “It will be lower in 2020.” The […]
thestatedtruth.com | April 30, 2012
To soon to tell, but we’ll leave a light on…just in case! From Bloomberg: Business activity in the U.S. expanded in April at the slowest pace since November 2009, a sign that manufacturing may be cooling as business investment eases. The Institute for Supply Management-Chicago Inc. said today its barometer decreased to 56.2 during the […]
thestatedtruth.com | April 29, 2012
Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help! Not! There was a big fight in D.C. this past week over student loans. by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]
thestatedtruth.com | April 27, 2012
Why are we not surprised? Maybe because the government sponsored mortgages only require less then 3% down! Hmm. From (Reuters) ….. More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a […]
thestatedtruth.com | April 23, 2012
So, the revenue grows but the ship still sinks….Inquiring minds want to know how it can be fixed? In Illinois, the backlog of unpaid bills has risen to more than $9 billion because of pension costs and falling federal aid, leaving the state “essentially treading water,” Comptroller Judy Baar Topinka said. While revenue grew from higher […]
thestatedtruth.com | April 17, 2012
thestatedtruth.com | April 17, 2012
Out of the 143 million tax returns that were filed with the IRS in 2010, 58 million or 41 percent of those filers were non-payers. Hmm…. Americans making over $50,000 paid the majority of the federal taxes that were paid in the U.S. in 2010. According to statistics compiled from the Internal Revenue Service (IRS) by […]
thestatedtruth.com | April 17, 2012
Quote of The Day From Ben Stein: “Fathom the hypocrisy of a Government that requires every citizen to prove they are insured…. but not everyone must prove they are a citizen.”
thestatedtruth.com | April 11, 2012
thestatedtruth.com | April 10, 2012
So…the real question is how do we fix this? As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]
thestatedtruth.com | April 10, 2012
Oil refineries are closing all accross the United States with nearly half the refining capacity on the U.S. east coast set to disappear …so of course it’s no wonder gasoline prices are pushing all time record prices. Chart Courtesy Inteldaily.com (Added by EconMatters) We now have half the refining capacity on the U.S. east coast set to […]
thestatedtruth.com | April 6, 2012
The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. www.zerohedge.com
thestatedtruth.com | April 5, 2012
Fortune broke an interesting story on a private lunch that Bernanke had with some key bankers. FORTUNE — After completing a series of public lectures in Washington, D.C. last week, Federal Reserve Chairman Ben Bernanke quietly slipped into New York City for a private luncheon on Friday with Wall Street executives. Fortune has learned […]
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