thestatedtruth.com | December 19, 2010
This chart pretty much sums things up……a trading range looks like the most likely scenario at best. If not, well…..everyone probably knows what the alternative would look like. Hint, the word starts with a D as in Down.
thestatedtruth.com | December 19, 2010
Some interesting changes were made on December 16’th concerning Credit Unions!  Stay Tuned! As of the end of  November, 372 federally insured credit unions with assets of $43.4 billion were designated as CAMEL code 4 or 5. In addition, there were 1,792 CAMEL 3 credit unions with assets of $158.2. Overall, 22.3 percent of all credit union assets are […]
thestatedtruth.com | December 19, 2010
Well, the receipts (aqua color) aren’t looking so good, but the outlays (red color) are rolling to the upside. Just the opposite of what should be happening. www.zerohedge.com Â
thestatedtruth.com | December 19, 2010
Austerity anyone? This will be political suicide for the Democrats, plain and simple. “The tax deal negotiated by President Barack Obama and Senate Republican leader Mitch McConnell of Kentucky is just the first part of a multistage drama.” Next up on the path of what many see as the terminal alienation of the president from […]
thestatedtruth.com | December 18, 2010
Coldest December (so far) since records began as temperatures plummet to minus 10C bringing travel chaos across Britain….. Britain skidded to a halt today as the big freeze returned by grounding flights, closing rail links and leaving traffic at a standstill. Tonight the nation is braced for another 10 inches of snow and more sub-zero temperatures, with no […]
thestatedtruth.com | December 17, 2010
Real average earnings have not increased in 50 years…..So the next question is how do people make ends meet? We don’t know, that’s why we ask the question!  Were we better off in 1972 vs. 2010? Maybe so….  Read more: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#real-average-earnings-have-not-increased-in-50-years-6#ixzz18Q3QqKn9
thestatedtruth.com | December 17, 2010
The gap between the top 1% and everyone else hasn’t been this wide since the Roaring Twenties……  http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#the-gap-between-the-top-1-and-everyone-else-hasnt-been-this-bad-since-the-roaring-twenties-1
thestatedtruth.com | December 17, 2010
Tax rates are declining for everyone… But especially the top 1% . We would expect things to be pretty much the same in 2010 as they were in 2007. From: http://www.businessinsider.com/20-more-tax-facts-that-will-make-your-head-explode-2010-4#tax-rates-are-declining-for-everyone-especially-the-top-1-19
thestatedtruth.com | December 17, 2010
McDonald’s is the world’s largest distributor of toys, with one included in 20% of all its sales.  Each week nearly one-third of the U.S. population visits Walmart’s U.S. stores.  Last year Walmart sold more bananas than any other item.  Walmart is the largest overall employer in the USA.  Pages in the tax […]
thestatedtruth.com | December 17, 2010
Liar Liar Pants On Fire! The chart below is total consumer credit outstanding. Interestingly, when we looked at it, somehow it showed an uptick. That seemed odd and didn’t square with the credit card data. Low and behold…… they (the government) now count student loans as consumer credit, whereas they did not in the past. Geez, so federally supported credit (ie. student-backed […]
thestatedtruth.com | December 17, 2010
Debit cards are the new growth area…..”The lowest percentage of shoppers in the 27-year-history of a national survey said they used credit cards over the Thanksgiving weekend, while the use of general credit cards like Visa and MasterCard fell 11 percent in the third quarter from a year earlier, according to the credit bureau TransUnion. “Britt […]
thestatedtruth.com | December 17, 2010
The extension for unemployment benefits that is part of the compromise tax deal is good news for many of the unemployed, but it won’t provide aid to anyone who’s been out of a job over 99 weeks. The extension worked out by President Barack Obama and congressional Republicans only lets unemployed workers continue to draw […]
thestatedtruth.com | December 16, 2010
The U.S. Congress passed an $858 billion bill extending for two years all Bush-era tax cuts, and now the measure goes to President Barack Obama for his signature. Majorities of both parties supported the bill. Voting in favor were 139 Democrats and 138 Republicans, while 112 Democrats and 36 Republicans voted against it. Eight lawmakers didn’t vote. The […]
thestatedtruth.com | December 16, 2010
Neal Soss at Credit Suisse: We have rising prices in gasoline and food. That is worldwide. It is also the warning sign of the worst-case “nightmare scenario.â€Â It as an “eruption of headline inflation (food and gasoline) with no accompanying pick-up in wages or real growth.â€Â David R. Kotok of Cumberland Advisors: Through the December […]
thestatedtruth.com | December 16, 2010
Let’s just say this is courtesy of the Wikileaks firestorm… Did you know that E-mails are now today’s primary mode of communication (that’s the main reason the U.S. Post Office is basically broke) , and that e-mail has been subject to the same amount of government surveillance as having a phone bugged since the Patriot Act. Fair to assume this may force […]
thestatedtruth.com | December 16, 2010
thestatedtruth.com | December 16, 2010
The most recent look at the 30 Year Cash Fannie Mortgage showed a rise by 11 bps overnight, and by a stunning 1% in the last month. At 4.703% the prevailing wholesale mortgage rate is back to the highest it has been since May 2010. And while some have speculated that this inflection in rates would have […]
thestatedtruth.com | December 16, 2010
WikiLeaks founder Julian Assange had his bail ruling in Britain upheld on appeal.  It was considered a setback to U.K. prosecutors who sought to keep him jailed during an extradition fight with Sweden. The ruling today by the High Court in London upholds a Dec. 14 decision to free Assange on condition that he turn in his […]
thestatedtruth.com | December 15, 2010
This chart sure goes back a long ways in time!  1792-Present!  Geez
thestatedtruth.com | December 15, 2010
When was the last time we saw this chart turn down…..Umm, You’re right if you said we haven’t….Until now! www.mybudget360.com
thestatedtruth.com | December 15, 2010
ICI has just released money flows…..and we have the 32nd consecutive outflow from domestic equity mutual funds. Total outflows for the year to date are $96 billion.   We also saw for the first time in a while, an outflow of $401 million in taxable bond funds  (and $1.3 billion in outflows from muni bonds). And here is the cumulative flows chart:
thestatedtruth.com | December 15, 2010
Wow! We’re not sure just where the President is going with this……. The Hill reports that the president has been telling members of Congress that failure to pass the tax-cut legislation could result in the end of his presidency. This begs the question: How does one view this….Reuters reports 2010 may be the second highest bonus payout season […]
thestatedtruth.com | December 15, 2010
The U.S. Senate on Wednesday officially approved an $858 billion bill extending the Bush-era tax cuts for two years in an 81-19 vote. Next up the House vote…..huff and puff maybe as soon as Thursday. The new legislation would extend Bush-era tax cuts for an additional two years for people of all income levels. It would cut […]
thestatedtruth.com | December 15, 2010
Protesters: Â “We want the government to take back the latest labor law that will hurt workers’ rights.”….Not a chance, didn’t they hear that Greece is broke. ATHENS, Greece (AP) — Protesters clashed with riot police across Athens on Wednesday, torching cars, hurling gasoline bombs and sending Christmas shoppers fleeing in panic during a general strike […]
thestatedtruth.com | December 14, 2010
A lawyer for Julian Assange of WikiLeaks says a secret grand jury is meeting outside Washington to consider charges in the release of thousands of sensitive U.S. documents. Mark Stephens, one of Wikileaks lawyers told David Frost on Al-Jazeera television that they have heard from Swedish authorities that there has been a “secretly empaneled” grand jury […]
thestatedtruth.com | December 14, 2010
December 10,2010 By George Friedman Julian Assange has declared that geopolitics will be separated into pre-“Cablegate†and post-“Cablegate†eras. That was a bold claim. However, given the intense interest that the leaks produced, it is a claim that ought to be carefully considered. Several weeks have passed since the first of the diplomatic cables were […]
thestatedtruth.com | December 14, 2010
A judge in the U.K. granted WikiLeaks founder Julian Assange bail but he fights sexual-misconduct accusations in Sweden and will remain in custody after Swedish prosecutors said they would challenge the decision.
thestatedtruth.com | December 13, 2010
The blizzard that pummeled the Upper Midwest over the weekend was one for the record books, burying some communities with nearly 2 feet of snow and breaking 100-year-old records in others and all the way to the South, new records have been set as snow and brutally cold air blasted in behind the storm. Minnesota and […]
thestatedtruth.com | December 13, 2010
This added interest expense should bust state and local budgets for next year. So what’s a borrower to do? Well to start…cut backs are in order across the board and that’s official! Investors are demanding higher interest payments on municipal bonds in a race for year-end issuance.  Yields are pushing highest rates since 2009 while the Build America Bonds program appeared […]
thestatedtruth.com | December 13, 2010
The $858+ billion bill to extend the Bush tax cuts has secured 60 votes in the Senate, the minimum needed to schedule a final vote. That tally effectively gives a green-light for the Senate to finish the debate and send the package to the House. Inquiring minds wonder what kind of pork was added to this monstrosity.
thestatedtruth.com | December 13, 2010
Goldman Sachs Predicts Best Commodity Returns for 2011 will be in Precious Metals….. The raw materials most affected for 2011 will be those with the tightest supply, including crude oil, copper, cotton, soybeans and platinum….and we think you might want to add wheat, corn and rice to that list! By Maria Kolesnikova – Dec 13, 2010 Precious metals will […]
thestatedtruth.com | December 12, 2010
As this chart from Calculated Risk shows we’re about 99 weeks since the very worst of the job losses from late-2008/early-2009. The extent to which their cutoff effects the consumer recovery (and thus everything else) is something to consider. Read more: www.businessinsider.com
thestatedtruth.com | December 12, 2010
No good solutions ahead and problems galore, but this one was needed badly! The Senate votes on the fiscal package Monday at 3:00 pm. Assuming it passes, the House of Representatives is likely to vote later in the week. Congress plans to adjourn for the year December 17. President Barack Obama’s tax-cut deal with Republicans […]
thestatedtruth.com | December 12, 2010
Looks like we’re in a real pickle, if we try to borrow our way out of this mess, then the dollar will plunge, and if we go the austerity route-we have another World recession. Who would know better then Japan!  They say “The world is set for a long-term structural slump reminiscent of the 1870s ..The reason for the slowdown? […]
thestatedtruth.com | December 12, 2010
 “The top 1 percent of wage earners in America earned more than the bottom 48 percent of Americans. Source: Social Security Substantial income inequality is not the path to a strong and vibrant middle class. 17 percent of Americans are either unemployed or underemployed so the lower end of the curve is dragging more people […]
thestatedtruth.com | December 12, 2010
Updated: December 12, 2010 7:20 am ET Setup Next Week: Cold East, Mild West Pictured to the right is the incoming large dip in the jet stream taking hold in the East behind a storm which brought blizzard conditions to the Midwest. This will allow temperatures to fall 10 to 30 degrees below average to […]
thestatedtruth.com | December 11, 2010
Some think state secrets should be protected. It is a hot topic to say the least. The counter to that is reviewed below from the recently arrested Julian Assange.  Please note that the reviewed article below is not the indicative opinion of TheStatedTruth.com…………… Don’t Shoot Messenger For Revealing Uncomfortable Truths By Julian Assange Wikileaks deserves protection, not threats and attacks. […]
thestatedtruth.com | December 11, 2010
What’s the old Boy Scout motto……”Be Prepared”…well it looks like we are! On Oct. 31, the Maryland-based U.S. Cyber Command became fully operational, and its commander is also the head of the National Security Agency, the premier U.S. government entity for signals intelligence. “USCYBERCOM plans, coordinates, integrates, synchronizes and conducts activities to: direct the operations […]
thestatedtruth.com | December 11, 2010
China And Its Double-Edged Cyber-Sword   By Sean Noonan A recent batch of WikiLeaks cables led Der Spiegel and The New York Times to print front-page stories on China’s cyber-espionage capabilities Dec. 4 and 5. While China’s offensive capabilities on the Internet are widely recognized, the country is discovering the other edge of the […]
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