thestatedtruth.com | May 16, 2011
Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would become insolvent unless Congress takes action……So, hey sunshine, how much do you need.  Answer: No end in site, how many billions can you give us?  So, we’ll go with this…why not package up the Post Office, Fannie Mae, Freddie […]
thestatedtruth.com | May 16, 2011
It tells us that the Japanese nuclear reactor survived the quake some how, but surprisingly not the tsunami.   Maybe the U.S. economy survived the banking and real estate crisis, but gets crushed by the (floods,debt crisis,weather,currency crash, oil shortage, etc….?), we’ll likely know by fall!  TEPCO admits nuclear meltdown occurred at Fukushima reactor 16 hours after […]
thestatedtruth.com | May 14, 2011
Haven’t  heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund (Druckenmiller rarely does interviews). Until now that is! He joins PIMCO on a crusade against the Fed and thinks that U.S. debt is soaring out of control…..the timing couldn’t be better! From the WSJ:“Mr. […]
thestatedtruth.com | May 14, 2011
Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,†. The Fed is trying […]
thestatedtruth.com | May 12, 2011
Here is a picture that explains everything. For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried! But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]
thestatedtruth.com | May 12, 2011
Among other things, Dinan says……“The lessons of ‘07 and ‘08 are totally forgotten,†Dinan warned. “The thinking that ‘I won’t be left behind when the music stops.’ That’s very dangerous thinking.†  Jamie Dinan, York Capital: Banks Jamie Dinan, founder of $17 billion hedge fund York Capital Management LP, talks about financial stocks. “The amount of […]
thestatedtruth.com | May 12, 2011
Guess it’s starting to matter how much it costs to fill up all those old SUV’s still on the road……………….. U.S. demand for gasoline fell by the largest amount in seven weeks — a signal that consumers are conserving money as gas prices near a national average of $4 a gallon.
thestatedtruth.com | May 11, 2011
So why do they call it the 100 year flood…..when it’s happened now 3 times (1927,1937 and 2011)Â in the last 84 years! MEMPHIS/NEW ORLEANS (Reuters) – The swollen Mississippi River set a record high water level at Natchez, Mississippi, on Wednesday — 10 days before its expected crest in the southern city. The level of […]
thestatedtruth.com | May 10, 2011
So…..the U.S. has gone trillions, yes trillions of dollars in debt for what? Uh….an economic recovery that has only matched inflation (yes we know, the government says there is no inflation), or let’s just call it an economy that has gone virtually nowhere. And the only way to get more growth at this point is to add […]
thestatedtruth.com | May 9, 2011
The U.S. is in the midst of a “zombie consumer” generation that will dent GDP growth for years to come, according to Citi and Yale’s Stephen Roach (via The Globe and Mail). Â And who is responsible for leading the sheep down this road, yep……good old uncle sam! Speaking in Toronto, Roach said that the […]
thestatedtruth.com | May 9, 2011
What this chart tells us is…..that household equity is 38.8% if we include all houses paid for and with a mortgage both combined in the mix…..but home equity for the sub group of “only houses with a mortgage, excluding paid for houses” is only 19.2%.
thestatedtruth.com | May 9, 2011
Another interesting chart….are they lazy free loaders or just late bloomers? We’ll call them the un- motivated generation.
thestatedtruth.com | May 9, 2011
Interesting subject matter….exploding demand from smartphones will soon overwhelm the nation’s wireless capacity. So, what’s the FCC’s plan to fix this imminent spectrum wipe out?  Something called “Incentive Auctions,” which lets the owners of old, under-used spectrum–TV and radio broadcast spectrum, for example–put the spectrum up for auction and get a portion of the proceeds. This […]
thestatedtruth.com | May 9, 2011
Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier. In the first quarter of 2009 only 22% of homes were underwater, Zillow said. Home prices slumped 8.2 percent on average over the past 12 months. Property […]
thestatedtruth.com | May 9, 2011
Some of the smartest guys we know, the ones that use their own money to buy and sell houses…are thinking 15%-20% further down from here and 2-4 years to clear huge stealth inventories. They say the banks have just started to get more realistic on pricing of bank owned properties, and will become very aggressive to get […]
thestatedtruth.com | May 8, 2011
President Obama speaks on the secret operation to take out Bin Laden….President Obama: We know he was there at least five years. The fact of the matter is, you will not see bin Laden walkin’ on this earth again. As nervous as I was about this whole process, the one thing I didn’t lose sleep […]
thestatedtruth.com | May 6, 2011
We just posted out 2,500’th post on www.thestatedtruth.com                 Thanks for coming on by!
thestatedtruth.com | May 6, 2011
The nation’s capital continues to head a list of the top cities for finding work. The rankings are based on the latest job market competition ratings from www.Indeed.com. The ratings compare the number of people looking for work with the number of advertised positions in a given area. Here are the 10 cities with the […]
thestatedtruth.com | May 5, 2011
This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]
thestatedtruth.com | May 5, 2011
Interesting to say the least! Watch ABC News’ full report on the bin Laden evidence trove tonight on “World News With Diane Sawyer”. A new bulletin issued tonight by the FBI and the Department of Homeland Security and obtained by ABC News describes the terror organization’s chilling desire to derail a train. “As of February […]
thestatedtruth.com | May 4, 2011
This long down period makes sense….everybody is hoping for the best, but demographics and many other things point to a very negative period ahead for real estate. Can Americans cope with a 10 to 15 year bear market in real estate? On this front there is good news, and bad news. The bad news is that we are likely […]
thestatedtruth.com | May 4, 2011
Not surprisd…… DETROIT (WWJ) – According to a new report, 47 percent of Detroiters are  â€functionally illiterate.†The alarming new statistics were released by the Detroit Regional Workforce Fund on Wednesday.
thestatedtruth.com | May 3, 2011
Here is a must rerad transcript with  “NBC Nightly News” anchor and managing editor Brian Williams interviewing CIA director Leon Panetta……courtousy of TIME Magazine online.   This interview will air tonight on “NBC Nightly News.” CIA director tells NBC’s Brian Williams there wasn’t question that image would “ultimately†be released. More, on Gaddafi, Pakistan’s involvement in operation and […]
thestatedtruth.com | May 2, 2011
The SNAP released the most recent food stamp numbers. Not surprisingly, we have another all time high of 44.2 million poverty-level Americans relying on government funding for day to day sustenance. So you ask: When will this end?  Hmm…we wonder about that too!
thestatedtruth.com | May 2, 2011
From MSNBC……The interesting story of how it all happened……from start to finish! First intelligence of a courier, then an extraordinary house with high walls — and no telephone or Internet. Bin Laden and a son are among five killed in a firefight. By Bill Dedman It started with an unnamed courier. Senior White House officials […]
thestatedtruth.com | May 2, 2011
If What We Are Told Below Is Right:  Big Question? Does Anybody Truly Believe This….Yes he is dead, but buried at sea already? U.S. says by Islamic practice burial must be with in 24 hours……and that no country would take him. So…. 1) The order was to kill, not capture (which begs the question as to why not […]
thestatedtruth.com | May 1, 2011
The most wanted and hunted person in United States history gets his just reward…….Osama, may you rot in HELL! The United States message is you can run but you can’t hide. President Obama confirmed Osama bin Laden was killed by CIA Special Forces, with a short address to the nation and ended with this quote “ God Bless America”. […]
thestatedtruth.com | April 30, 2011
From The Wall Street Journal….Retirement annuities, may not be such a good idea after all, especially now. Read on! Turmoil in the stock market. Paltry interest rates at the bank. What are the newly retired to do? Many are taking a look at buying a fixed annuity instead. These products let you swap a lump […]
thestatedtruth.com | April 28, 2011
Reality check for the government talking heads……are things really as good as they think. From Reuters: An April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. 29 percent said the economy is in a depression and 26 percent said it is in a recession, with another […]
thestatedtruth.com | April 28, 2011
What’s wrong with this picture….McDonalds has one million new job applications which is two and a half times more applications then it has total workers employed by its company owned stores! Geez….  Bloomberg: McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today […]
thestatedtruth.com | April 28, 2011
Nothing to worry about for now…as long as all these recently subsidy-free individuals aren’t paying their mortgage and the banks aren’t enforcing payment….all is well, sort of…. but eventually that roof will go away! It’s probably worse, that’s because the government has so many seasonal adjustments now days that it tends to make things seem better then they really […]
thestatedtruth.com | April 28, 2011
A sign of the (hard) times……..despite what the government portends! The head of Wal-Mart’s U.S. operations warned Wednesday talking to USA Today….”Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried. “We’re seeing core consumers under a lot of pressure,” […]
thestatedtruth.com | April 28, 2011
The U.S. economy grew at a slower pace than forecast, surprising many in the first quarter as government spending declined by the most since 1983. Gross National Product prints 1.8% down from consensus of 2.0% which had multiple negative revisions. Economists were unanimous by a record amount, in a poll….. that things were going to be dynamically better and […]
thestatedtruth.com | April 27, 2011
For the first time since the Great Depression, households are receiving more income from the government than they are paying the government in taxes. The combination of more cash from various programs, called transfer payments, and lower taxes has been a double-barreled boost to consumers’ buying power, while also blowing a hole in the deficit. […]
thestatedtruth.com | April 26, 2011
Rather important to say the least, because what happens here may spread like wild fire across the European continent……another fuse looking for a match! In London on Tuesday, UBS’s City office asked the decisions committee of the International Swaps & Derivatives Association to say whether the Irish government’s new Credit Institutions Act signals a “restructuring […]
thestatedtruth.com | April 26, 2011
Deutsche Bank ranks the U.S. government as the world’s fourth riskiest sovereign borrower, behind Greece, Ireland and Portugal, and just ahead of Italy.
thestatedtruth.com | April 25, 2011
Low interest rates are here forever….or it’s game over! Realistically speaking, we all know interest rates can’t stay low forever, so…..it’s just a matter of time. With ultra low interest rates, the U.S. interest expense is $440 billion this year or 3% of GDP. If government borrowing rates were to rise a mere 2%, interest expense […]
thestatedtruth.com | April 25, 2011
American poverty and distress, such as food stamp recipients are headed for an all time high! Â
thestatedtruth.com | April 25, 2011
The story of the America’s…..From Art Cashin on the floor of The New York Stock Exchange On this day in the year 1507 A.D., an enterprising author published a hit book. While he was not the John Grisham of his day, he did hope to benefit from two recent events of interest to move his […]
Coming Soon
bank owned banks congress consumer credit debt Economy education equity fund flow data food stamps foreclosures Free Money gdp gold Government Greece housing inflation Interest rates japan Middle East Money mutual fund outflows net worth new normal Oil pensions PIMCO politics Quote of the Day Real Estate Recession retirement Rich Rich man spending stock market Student Loans taxes tid bits unemployment Wall Street war Wealth Wealthy weather
Copyright © 2025 The Stated Truth
