thestatedtruth.com | February 10, 2012
Many parts of our economy now seem to be controlled (rigged) by the government. If housing would have been left alone, then things could have been cleaned up by now and a true bottom might have been reached, but instead this mess will drag on for years to come much like Japans nightmare! Federal Reserve Chairman Ben S. Bernanke said the […]
thestatedtruth.com | February 8, 2012
Student debt is rising to records with almost every government consumer report, and for a mulitude of reasons. They include steadily spiraling college costs, financial aid cutbacks at public universities and a weak economy to name a few. And schools across the country are encouraging it because they need the money, most having expanded rapidly in the past few years to accommodate growing but seemingly unsustainable enrollments(let’s […]
thestatedtruth.com | February 7, 2012
Bank of America Plaza, the tallest tower in the U.S. Southeast, was sold at a public auction today on the steps of the Fulton County Courthouse after landlord BentleyForbes missed its mortgage payments. It was purchased for $436 million back in 2006, but off she goes for $235 million here in 2012. The noteholder had a winning bid […]
thestatedtruth.com | February 7, 2012
Alaska produces about 10% of the oil in the U.S. But one look at this chart will explain where we’ve been and where we’re going… in Alaska!
thestatedtruth.com | February 7, 2012
So…the consumer confidence level is soaring right along with the consumer debt, and the savings rate is plunging. Now we understand why the Federal reserve has been so worried lately. The worry is that this consumer spending binge is totally unsustainable and likely to burn out soon! A report from the Labor Department today also showed there […]
thestatedtruth.com | February 3, 2012
Here is the latest from John Williams – Basic Economic Outlook Unaltered by Stronger Labor Data – January Jobs Reading Still at Levels of 11 Years Ago – January Unemployment: 8.3% (U.3), 15.1% (U.6), 22.5% (SGS) – Money Supply M3 Growth Is Picking Up www.shadowstats.com
thestatedtruth.com | February 3, 2012
A Novel Idea….Let’s Call It…. The Congressional Common Sense Act of 2012 1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All […]
thestatedtruth.com | February 3, 2012
The devil’s in the details, read it and weep! Non Farm Payrolls Soar By 243K, Unemployment Rate Drops To 8.3% Whopper of a NFP (non farm payroll) number, which prints at 243K, higher than the biggest forecast of 225K, on consensus expectations of 140K, the biggest jump since February 2009. But the devil’s in the […]
thestatedtruth.com | January 31, 2012
Looks like we have slow learners here, folks…..$100 billion in write downs, give me a break! Shipping Loans Now Go Bad For European Banks With China rolling over, the large ship containers are increasingly lined up and stacked in Asian harbors around the world. The IHT is out quoting industry observers stating that European banks may be […]
thestatedtruth.com | January 31, 2012
We ask Governor Brown of California, what happened to those Rosie optimistic solutions and improving tax receipts that you talked about not to long ago? Looks like we have the same skid marks on the road as last year…Can’t anybody come up with a conservative assumption going forward. Oh ya, that’s right… you were thinking that residents will vote for a tax […]
thestatedtruth.com | January 31, 2012
Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment! The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase […]
thestatedtruth.com | January 31, 2012
More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]
thestatedtruth.com | January 30, 2012
It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060. And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]
thestatedtruth.com | January 30, 2012
From ZeroHedge….. We already know that Israel is on edge……the fuse may be looking for a match like a bug looking for a windshield! Here’s a following of US naval developments and deployments in the Arabian Sea, which serve one purpose and one purpose only – to demonstrate US military strength in the Straits […]
thestatedtruth.com | January 29, 2012
Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness! Didn’t know there was such a thing? Well read on…. From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]
thestatedtruth.com | January 28, 2012
According to Freddie Mac, while the value of all housing is down 30%, and home equity is down 55%, we see that mortgage debt owed is only down a minestrone 3%. Bottom line, the U.S. housing market is back to the Armageddon high debt-to-equity ratio that was only ever seen during the Q1 2009 economic wipe out, and even worse, we […]
thestatedtruth.com | January 27, 2012
Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]
thestatedtruth.com | January 27, 2012
There has been an abundance of confidence in our system lately, so much so that an abnormal amount of spending has been come from savings, but history shows this often leads to disappointment. This will likely be reflected going forward in the first quarter or half of 2012….. Goldman On GDP: Warns Of Q1 Weakness The change in real private inventories added […]
thestatedtruth.com | January 26, 2012
Negative demographics as far as the eye can see. and it’s reflected in the median price for new homes, which just dropped from $215,700 to $210,300. According to the Census Bureau (not NAR data), December New Home Sales declined from 321K to a seasonally adjusted annualized rate of 307K in December, on expectations of a rise to […]
thestatedtruth.com | January 25, 2012
Bill Gross of PIMCO explains Fed decision on Tweeter www.zerohedge.com
thestatedtruth.com | January 25, 2012
The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)! FED Summary: No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]
thestatedtruth.com | January 24, 2012
Apple is the American success story of the century. This is one large pile of cash! After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities). The company’s total cash and equivalents horde is now just shy of […]
thestatedtruth.com | January 23, 2012
So…if your cell phone is a little bit edgy, now you know why! From Washington (AP) The sun is bombarding Earth with radiation from the biggest solar storm in more than six years with more to come from the fast-moving eruption. The solar flare occurred at about 11 p.m. EST Sunday and will hit Earth with […]
thestatedtruth.com | January 22, 2012
Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK! Hmm…So far, so good!
thestatedtruth.com | January 22, 2012
This kind of reminds us of the dopes in Washington….clueless as to how to resolve anything in a logical way unless of course it costs us tax payers millions! A toothpaste factory had a problem: they sometimes shipped empty boxes, without the tube inside. This was due to the way the production line was set up, and […]
thestatedtruth.com | January 20, 2012
Confidence levels have been rising rapidly…and the government says things are getting better, people are starting to borrow again, using their credit cards more, and out and about in a spending mood….but the exhibit below tells a more realistic story of our current plight. So, are things really any better then they were? We’ll let you answer that one! Chart: […]
thestatedtruth.com | January 19, 2012
The six-month ahead outlook for Philly Fed shows a very high level of ‘hope’. Expectations for the data was a 10.3 and it came at 7.3, a definitive miss to expectations. Revisions rise to 7.3 (from 6.8 revised) is heralded (in a short-lived manner) as evidence of improvement. Under the covers though, things aren’t so rosy. New Orders […]
thestatedtruth.com | January 19, 2012
Same old same…..things are getting better, but are they really? Yes they are, but in 2008 we stopped on a dime. The Federal Reserve looks to be worried about deflation. We all should be too! Initial Claims: Initial claims drop from revised 402K (as expected) in last week, to 352K this week, 50K swing in one […]
thestatedtruth.com | January 19, 2012
It was going to happen sooner or later….a once mighty company, founded in 1880 by George Eastman and renamed Eastman Kodak in 1892, they controlled 90% of the film market by 1976, and were a part of the Dow Jones Industrial Average index for 74 years before being deleted in 2004. But before anyone gets any […]
thestatedtruth.com | January 18, 2012
Interesting new products from the (CES) Consumer Electronics Show in Las Vegas…… www.ingerletter.com
thestatedtruth.com | January 18, 2012
“I have never let my schooling interfere with my education.” – Mark Twain
thestatedtruth.com | January 18, 2012
We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday. In an other ominous sign […]
thestatedtruth.com | January 18, 2012
IMF: 2 Year “Funding Gap” Hits $1 Trillion IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN Fed Officials Open to Additional Easing as They Monitor Risks to Economy Federal Reserve officials are staying open to further monetary easing this year as they […]
thestatedtruth.com | January 17, 2012
www.thestatedtruth.com supports this important issue. Protest SOPA/PIPA For more information on this, click here: https://en.wikipedia.org/wiki/Stop_Online_Piracy_Act
thestatedtruth.com | January 17, 2012
No wonder the U.S. is telling Israel to cool they’re heals about Iran…if you want to make a bad situation worse, then start a war in the Middle East and watch oil go to $200 a barrel, then presto, a world depression that would make the 1930’s look like a picnic! World Bank Cuts Economic Outlook, […]
thestatedtruth.com | January 17, 2012
This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]
thestatedtruth.com | January 16, 2012
“The Senator” was an old friend to many, and besides being the tallest cypress tree in the United States, it was also the oldest of its kind in North America. Even more interesting, it was the fifth oldest tree in the world. Longwood, Florida A 3,500-year-old Central Florida landmark burned to the ground. A fire early Monday […]
thestatedtruth.com | January 15, 2012
Guess the idea is….why waste money on an exercise if the real think is coming? Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]
thestatedtruth.com | January 12, 2012
So…..back in September Kodak said it was weighing options, then issued a statement saying it has “no intention of filing for bankruptcy” and that it is pursuing patent sales. It looks like Eastman Kodak has about $1.6 billion in debt according to Yahoo Finance. A Polaroid moment is close to being developed! Eastman Kodak Co. (EK) is […]
thestatedtruth.com | January 12, 2012
While most of the U.S. has had a very mild winter, that is not the case in Alaska. ANCHORAGE, Alaska The worst winter anyone can remember in Alaska has piled snow so high people can’t see out the windows. More than twice the normal snow has already been dumped on Anchorage! “The scary part is, we still have three […]
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