thestatedtruth.com | April 24, 2011
From this weeks Barron’s……………Mark Hanson points out, banks and servicers are back with a vengeance and cutting asking prices sharply “to blow out distressed inventory.” Other price depressants he cites include unfavorable demographics, soaring energy costs and a broken mortgage market. The chart below is from Yale economist Robert Shiller, and it plots an index (called […]
thestatedtruth.com | April 24, 2011
David Kotak out with his latest opinion of how things are….normally David has more answers then questions! Hmm….. Cumberland Advisors FDIC & Fed: more questions than answers April 23, 2011 We thank readers for their kind words about Scylla and Charybdis (www.cumber.com). We also thank friends Dennis Gartman, John Mauldin and Barry Ritholtz for sharing the […]
thestatedtruth.com | April 21, 2011
Jim Grant ranks in the top tear of analysts covering interest rates…..right at the top of the list with Bill Gross, the founder of PIMCO (the worlds largest bond manager). From his latest Grant’s Interest Rate Observer: “Almost 30% of the respondents to a poll conducted by UBS a few weeks back said they anticipate a […]
thestatedtruth.com | April 21, 2011
$6 Gas? Could happen sooner then you think if the dollar gets weaker and we have one large storm in the Gulf of Mexico! 2012 to 2014 will be hard years. Batten down the hatches, you’ve been warned. April 20, 2011 By Jeff Cox, Staff Writer A dollar plumbing three-year lows is hitting Americans squarely in the gas […]
thestatedtruth.com | April 21, 2011
Trouble dead ahead….remember, we’re (supposedly) in an economic recovery? www.ingerletter.com
thestatedtruth.com | April 20, 2011
This just in from S&P, which does a follow up to its earlier U.S. outlook warning, and revises its GSE and FHLB outlook to negative. Let’s remember that this is happening in an economic (supposed) recovery. NEW YORK (Standard & Poor’s) April 20, 2011–Standard & Poor’s Ratings Services said today that it revised its outlooks on […]
thestatedtruth.com | April 20, 2011
An excellent review of the world economic picture and the future of Gold By Ron Hera April 15, 2011 ©2011 Hera Research, LLC The Hera Research Newsletter (HRN) is pleased to present an in-depth interview with Jim Sinclair, Chairman and CEO of Tanzanian Royalty Exploration and founder of Jim Sinclair’s MineSet, which hosts his gold commentary […]
thestatedtruth.com | April 19, 2011
States see biggest revenue drop in 60 years…In a sign of the sluggish economy’s devastating impact, state government revenue across the country dropped by nearly one third in 2009 – the sharpest decline in 60 years, the Census Bureau said in a new report. Expectations are for 2010 show improvement, but 2011 isn’t going to […]
thestatedtruth.com | April 19, 2011
This is the second highest net leverage ever seen on on the NYSE, Â and only a freckle away from a new record….Words to the wise, be prepared is not just a boy scout motto. The NYSE has released its monthly margin debt update for March. Not surprisingly, with EVERYONE chasing nothing but levered beta, margin […]
thestatedtruth.com | April 19, 2011
 China and the End of the Deng Dynasty By Jennifer Richmond and Matthew Gertken | April 19, 2011 Beijing has become noticeably more anxious than usual in recent months, launching one of the more high-profile security campaigns to suppress political dissent since the aftermath of Tiananmen Square crackdown in 1989. Journalists, bloggers, artists, Christians […]
thestatedtruth.com | April 18, 2011
History shows it’s all forgotten by the next day……maybe this time will be different! A stark warning from S&P about the U.S. government’s fiscal problems stoked concern on Wall Street and in Washington on Monday, intensifying political divisions concerning the growing deficits. House of Representatives Republican leader Eric Cantor on Monday called the Standard & Poor’s downgrade […]
thestatedtruth.com | April 18, 2011
No surprise here….The U.S. seems to have its fingers in every pie!  From the Associated Press April 17, 2011  WASHINGTON—The State Department has been secretly financing opponents of Syrian President Bashar Assad, the Washington Post reported, citing previously undisclosed diplomatic documents provided to the newspaper by the WikiLeaks website. One of the outfits […]
thestatedtruth.com | April 17, 2011
Hmm….The University of  Texas whose $19.9 billion in assets ranked it second only behind Harvard University’s endowment as of August, added about $500 million in gold investments to an existing stake last year, and took delivery of almost $1 billion in gold bullion….”storing the bars in a New York vault, according to the fund’s board.” said Bruce Zimmerman, […]
thestatedtruth.com | April 15, 2011
President Obama has interesting but harsh words out of the White House…..Let’s look at his record, looks like the old saying, do as I say, not as I do! “Failure by Congress to raise the U.S. debt limit “could plunge the world economy back into recession,” President Barack Obama declared Friday, and he acknowledged that he […]
thestatedtruth.com | April 12, 2011
There are now 6.4 million fewer jobs in America than there were when the recession began, but the government says the recession is long gone…….. Total home mortgage debt in the United States is now 5 times larger than it was 20 years ago…..so we’re talking 5 times larger than 1991 folks! Wow, and people wonder why we’re […]
thestatedtruth.com | April 12, 2011
Ah, This is easy to understand, energy and college expenses are top inflation runners since 2000. Courtesy of the excellent dshort.com, here is a chart of inflation from 2000 to Q1 2011. In a low-inflation decade, tuition has more than doubled. This is the acme of unsustainability. Students loans are the only sector of credit which […]
thestatedtruth.com | April 12, 2011
We’re not surprised! Commentary Magazine reports that the “Budget Deal”, won after so much theatrics, soap opera, and Razzie nominations, may in fact collapse shortly. “The big news today is that the $38.5 billion in budget cuts announced with such fanfare on Friday night mostly aren’t real. A good deal of it involves money from […]
thestatedtruth.com | April 11, 2011
Nuclear Whistleblower: “Spent Fuel Pools in U.S. are a potential timebomb, situation can get worse than Chernobyl .So here in is the problem, will any government in the world be honest about nuclear power plant problems until it’s to late! This is just one of the many reasons to say no to nuclear power solutions! Interview by Tuur Demeester […]
thestatedtruth.com | April 11, 2011
Just for the record…..level 7! And now we are getting unconfirmed reports that radiation content in Hawaii milk is orders of magnitude greater than Federal Drinking water limits. While one can bicker over the exact number, it is certain that as long as Fukushima continues to billow radioactive smoke, steam and/or water, cumulative radiation levels, both […]
thestatedtruth.com | April 10, 2011
Here is why things are broken for baby boomers, and unlikely to get a lot better any time soon! The interesting thing about the post-war baby boom and our guns-and-butter generation isn’t what happened during or as a result of this population tidal wave, but what didn’t happen: the birth rate in America abruptly fell […]
thestatedtruth.com | April 9, 2011
From Chapter 4 Of The Book Endgame: What it shows is that employment is very skewed, as is income. This was as of the end of 2009, but the principle is the same. The clear problem in the United States is this: If the highly skilled have 2.5 percent unemployment, how do you reduce that? […]
thestatedtruth.com | April 9, 2011
More warning signals for the stock market………just the opposite of the bottom!
thestatedtruth.com | April 8, 2011
It’s here and now folks, the widening gap between declining incomes and higher costs has been filled with borrowed money. Now that borrowing has reached its limit,  the consumer economy is devolving. Here is what it means. The cost structure of the entire U.S. economy has bloated to unsustainable levels. Here’s the basic mechanism: when money […]
thestatedtruth.com | April 8, 2011
Nobody seems to be paying attention to this….. From the WSJ: Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%. The outlook is especially bad […]
thestatedtruth.com | April 8, 2011
The Middle East is a fuse looking for a match…. Syrian security forces opened fire on tens of thousands of protesters across several cities Friday, killing at least 20 people, wounding hundreds and forcing residents to turn mosques into makeshift hospitals.
thestatedtruth.com | April 7, 2011
Here is the secret sauce…..revolving credit, or credit cards, actually fell during this period, down 4%. But non- revolving credit, which includes student, auto, and other loans, increased by 7.7%. Interesting to note that January’s numbers were revised down which had the effect of making these February numbers look even better.  U.S. consumer credit surged […]
thestatedtruth.com | April 7, 2011
The top 1 percent have over 40 percent of all financial wealth in this country. And…The top 1 percent has never done so well in relative terms. In fact we would have to go back to the years prior to the Great Depression to find such a glaring divide with income inequality: Source: Center on […]
thestatedtruth.com | April 6, 2011
Portugal has been saying we are good, we don’t need help…they have been saying it over and over…Now, Portugal says we need help fast! The dominoes are falling in Europe, and we haven’t seen anything yet! Running out of money and paralyzed by a political crisis, Portugal said it would ask the European Union for a financial […]
thestatedtruth.com | April 5, 2011
Did You Know…..More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined. Even more interesting are some of the state ratios. Consider this statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is […]
thestatedtruth.com | April 5, 2011
At least it’s a start…..Congress passes a measure known as the “1099 repeal†because it would relieve businesses of having to file 1099 tax forms for any person or company to which they pay at least $600 in a year. Congress on Tuesday passed the first major changes to last year’s health care law, undoing both […]
thestatedtruth.com | April 3, 2011
The Fed Q Ratio (chart below) is signaling a warning for stocks……it is saying that we are currently at a level seen only 6 times since 1900! So lets look at this in terms of the Kress Cycles between now and Sept-October (the approximate date of the Kress 6 Year Cycle high This is where we could see a market […]
thestatedtruth.com | April 3, 2011
Over the next decade, a million things could happen, the least of them we think is $4 trillion in spending cuts. From The Wall Street Journal: House Republicans will propose slashing federal spending by more than $4 trillion over the next decade, by capping spending, overhauling entitlement programs and revamping the tax system, the chairman of […]
thestatedtruth.com | April 1, 2011
The total foodstamp participation in January hit an all time record 44,187,831 according to the USDA. The average amount recieved per participent is $132.81 per month. We might add that we are in an economic recovrey….but the GDP growth looks to be about the rate of inflation, which means if we buy the same things as […]
thestatedtruth.com | March 31, 2011
To see the real story, just look at the charts….. The top 1 percent control 42 percent of all financial wealth. Growing Inequality…the middle class vs. the rich Growing Inequality…in income Source: Social Security Does this look like a recovery to you?  More and More Food Stamps……and no end in sight And Real Estate values are […]
thestatedtruth.com | March 31, 2011
So you want your power to come from a nuclear reactor do you……A nuclear expert has warned that it might be 50-100 years before melting fuel rods can be safely removed from Japan’s Fukushima nuclear plant. Two new experts say capping the damaged reactors with concrete is not an option. They had better get together with […]
thestatedtruth.com | March 31, 2011
Wait a minute, hasn’t the government been saying inflation wouldn’t be a problem?  Yes, they have… it won’t be the first time that they’ve lied to us. Food shortages are coming this summer……along with serious price increases. U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned […]
thestatedtruth.com | March 30, 2011
Some sound advice….It’s going to be a long negative haul for housing and there is nothing on the horizon, such as an improving economy, lower unemployment, or climbing wages to stem the flow. There were simply too many homes built during the boom phases at affordability rates that didn’t make sense. Those who can afford to […]
thestatedtruth.com | March 30, 2011
Looks like the Japanese nuclear power plant is going to be a total loss and we haven’t been told the whole story about Japan’s nuclear disaster…..so here we go with an update. Chief Cabinet Secretary Yukio Edano ruled out the possibility that the two undamaged reactors at Tokyo Electric Power Co.’s six-unit Dai-Ichi plant would […]
thestatedtruth.com | March 29, 2011
Robert Shiller today said that inflation adjusted economic statistics are clearly in the double dip.  U.S. single family home prices fell for the seventh month in a row in January, according to the S&P/Case-Shiller index of prices.  In four cities, prices were at their lowest for 11 years, with the overall index down 0.2% between December […]
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