thestatedtruth.com | December 10, 2010
Anyone surprised about this? What country wouldn’t protect its state interests!  From ABC News:  “Wikileaks founder Julian Assange, the man behind the publication of more than a 250,000 classified U.S. diplomatic cables, could soon be facing spying charges in the U.S. related to the Espionage Act, Assange’s lawyer said today. Justice Department officials declined to comment […]
Category: Commentary, National News, National Security, World News |
No Comments »
Tags: Julian Assange vs Espionage Act
thestatedtruth.com | December 10, 2010
For those who understand this, no explanation is needed. For those who do not understand this, no explanation is possible, you flunked kindergarten. Kindergarten Economics….The Tax System Explained In Layman Terms Ten men go out for beer and the bill for all ten comes to $100…If they paid their bill the way we pay our taxes, it would go […]
Category: Commentary, Economy, Finance, Inspirational, National News, Wall Street, Weather, World News |
48 Comments »
Tags: Economics 101, Kindergarten Economics101A, Tax System 101
thestatedtruth.com | December 9, 2010
The monster snowstorm slated for this weekend will hit portions of the Midwest, eastern Great Lakes, central Appalachians, Ontario and Quebec hardest. The heaviest snow is most likely to begin over Iowa and surrounding areas Saturday. The snow will then encompass Michigan, western New York, southern and southwestern Ontario and southwestern and central Quebec for […]
Category: Commentary, Economy, National News, Wall Street, Weather, World News |
No Comments »
Tags: Giant Midwest Storm
thestatedtruth.com | December 9, 2010
Europe and Russia are looking at a super cold winter ….we’ve warned about this for a while! Sun spots have been indicating more bad weather dead ahead! When this winter is all said and done we may see 500 year old records fall. Britain has the coldest 1st-8th December on (CET) record, with monthly records starting in 1659. The daily data started […]
Category: Commentary, Economy, National News, Weather, World News |
No Comments »
Tags: winter weather in britain and france
thestatedtruth.com | December 9, 2010
The Federal Reserves’s worst nightmare has just come true. Representative Ron Paul, Texas Republican and author of “End the Fed,†will take control of the House subcommittee that oversees the Federal Reserve. House Financial Services chairman-elect Spencer Bachus, an Alabama Republican, selected Paul, 75, to lead the panel’s domestic monetary policy subcommittee when their party […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
No Comments »
Tags: Ron Paul To Head Monetary Subcommitee
thestatedtruth.com | December 9, 2010
So that’s why interest rates have been rising lately! Pacific Investment Management Co., which manages the world’s biggest bond fund, is raising its forecast for U.S. growth next year as policy makers pump a “massive amount†of stimulus into the economy, Chief Executive Officer Mohamed El-Erian said.
Category: Commentary, Economy, National News, Wall Street, World News |
No Comments »
Tags:
thestatedtruth.com | December 9, 2010
Definition: A Credit Default Swap (CDS) is a swap contract and agreement in which the protection buyer of the CDS makes a series of payments (often referred to as the CDS “fee” or “spread”) to the protection seller and, in exchange, receives a payoff if a credit instrument (typically a bond or loan) experiences a […]
Category: Charts and Graphs, Economy, Finance, National News, Wall Street, World News |
No Comments »
Tags: Default Chart
thestatedtruth.com | December 9, 2010
From the looks of this, it understates the actual wealth loss by about 2-4% This from todays Federal Reserve Z1 report……”business debt increased to an all time record high of $7,351 billion, an $82 billion increase in the quarter”…..so yes I know corporate cash is very high, but so is corporate debt…….they’re borrowing to put cash on […]
Category: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Personal Net Worth, Wall Street |
No Comments »
Tags: corporate debt, fderal and state debt, household wealth
thestatedtruth.com | December 9, 2010
This may get very personal with President Obama. Democrats are playing with fire here! Ben Smith of Politico says the House Democratic caucus has just voted to reject the tax deal. Posturing or the real deal?
Category: Commentary, Economy, National News, Wall Street |
No Comments »
Tags: 2010 tax deal
thestatedtruth.com | December 9, 2010
Unintended Consequences Chris Verrone over at Strategas points out that the recent sell off in treasuries was “the second largest 2 day sell off in 50 years.â€Â  A move by the 10 year to 3.50% could have serious consequences. We’re getting dangerously close.
Category: Commentary, Interest Rates, Bonds, National News, Real Estate, Wall Street |
No Comments »
Tags: 10 year bond
thestatedtruth.com | December 9, 2010
December 9, 2010 Excerpts from Art Cashin on the floor of The New York Stock Exchange Back in February of 2009, we wrote in these Comments that there was nothing stimulating in the proposed “stimulus packageâ€. We were not alone in that assessment. Our good friend, Dennis Gartman, and several others voiced the same doubts […]
Category: Commentary, National News, Wall Street |
No Comments »
Tags: art cashin, art cashin about the stimulus
thestatedtruth.com | December 8, 2010
ICI reports equity domestic funds saw outflows of $1,801MM last week, which is the 31st consecutive outflow.Â
Category: Charts and Graphs, Commentary, Economy, National News, Pensions and Retirement, Personal Net Worth, Wall Street, World News |
No Comments »
Tags: domestic equity fund flows
thestatedtruth.com | December 8, 2010
Stay tuned, best guess to the question above is NO…..but one has to wonder!
Category: Commentary, National News, Wall Street, World News |
No Comments »
Tags: internet targeted
thestatedtruth.com | December 8, 2010
Is this going to be viewed as a World War involving the Internet? In apparent revenge for Wikileaks Julian Assange’s arrest, hackers targeted MasterCard.com earlier and now the hacker organization Anonymous Operation, via its WikiLeaks supporting Operation called Payback has launched an attack on visa.com. Visa.com is down.
Category: National News, World News |
No Comments »
Tags: Hackers target mastercard and visa websites
thestatedtruth.com | December 8, 2010
Question: Aren’t we in an economic recovery.   Answer:  Well, yes…..according to the government! The Department of Agriculture reports that 42.9 million people collected food stamps last month, up 1.2% from the prior month and 16.2% higher than the same time a year ago.
Category: Commentary, Economy, National News, World News |
No Comments »
Tags: food stamps, food stamps hits new record
thestatedtruth.com | December 8, 2010
Art Cashin touched on this winter weather situation last week. It looks like a cold one!   Heavy snowfall is unusual in Paris. PARIS – Heavy snowfall has forced the closure of airports and shut down the Paris bus system.Â
Category: Commentary, National News, Weather, World News |
No Comments »
Tags: Cold weather in France
thestatedtruth.com | December 8, 2010
Personal consumption expenditures still account for 70.4% of national income (GDP) as of Q3 2010, that was down slightly from the record of 71.1% Q3 2009. But look where it was just 10 years ago in 2000. Standard of living reductions will force the chart below to seek lower levels of consumption. A small reduction in […]
Category: Commentary, Economy, National News, Wall Street, World News |
No Comments »
Tags:
thestatedtruth.com | December 7, 2010
Here is the real reason that the old folks get no cost of living increase for Social Security……Inflation data relies heavily on housing prices and removes food and energy costs. No kidding! Ah, but Congress gave themselves a raise this year, I guess they looked at it the other way around. U.S. government inflation data is “a […]
Category: Commentary, Commodities, Economy, Interest Rates, Bonds, National News, Pensions and Retirement, World News |
No Comments »
Tags: inflation data
thestatedtruth.com | December 7, 2010
AccuWeather.com meteorologists are predicting a storm will move from the northern Plains into the Ohio Valley, then redevelop off the mid-Atlantic coast. On that path, the storm will produce a swath of plowable snow from the Dakotas through the Midwest and Great Lakes and into the Northeast. The storm has the potential to explode into […]
Category: Commentary, National News, Weather, World News |
No Comments »
Tags: Big Storm
thestatedtruth.com | December 7, 2010
A report out of RealtyTrac talks about “the new normal” thinking! Two-thirds of mortgage holders said they would consider trying to modify loan terms if they couldn’t afford their payment, Trulia and RealtyTrac said. Almost half would think about halting payments altogether if their home value fell below the loan amount. Mounting foreclosures and an unemployment […]
Category: Commentary, National News, Real Estate, Wall Street |
No Comments »
Tags: Real Estate
thestatedtruth.com | December 7, 2010
The Stated Truth  Op-Ed Tuesday, December 7, 2010 Let’s Go Back In Time……To 1997 In July 1997, the Asian crisis evolved into fears of a worldwide economic meltdown due to financial contagion. On December 1st 1997 South Korea had to be saved with a $55 billion bailout. It was then the largest bailout in the history of the world, […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
No Comments »
Tags:
thestatedtruth.com | December 7, 2010
Makes perfect sense! United Parcel Service will require customers shipping packages to show government-issued photo identification in an effort to intensify security after explosives were found on October cargo flights. The new policy expands a previous rule in place at UPS Customer Centers to include all retail outlets. Customers without a pre-printed shipping label will […]
Category: Commentary, Economy, National News, World News |
No Comments »
Tags: UPS Photo ID Requirement
thestatedtruth.com | December 7, 2010
It’s a done deal….Julian Assange has been arrested. In one of his releases he implied the United States usually gets its way with other countries…..Our guess is that he will end up some where else for trial (anyone care to guess where)? Bloomberg reports that Wikileaks founder Julian Assange  was arrested by London police over rape allegations made in Sweden. “Assange, […]
Category: Commentary, National News, National Security, World News |
No Comments »
Tags: Julian Assange arrestd
thestatedtruth.com | December 6, 2010
Didn’t the government say things were getting better….by the looks of the chart below, we’ve seen a very anemic recovery considering all the money (debt) that has been thrown its way. The latest AAR Rail-Time Indicators report that seasonally adjusted rail carloads across all commodities have seen a sequential volume decline in three of the past […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street, World News |
No Comments »
Tags:
thestatedtruth.com | December 6, 2010
Can’t say it’s a done deal, but it sounds pretty darn close! President Barack Obama said he’ll agree to a two-year extension of all Bush-era tax cuts in exchange for extending federal unemployment insurance. The plan also would cut the payroll tax by 2 percentage points. Obama said he would accept a lower rate for […]
Category: Commentary, Economy, National News, Wall Street, World News |
No Comments »
Tags: 2010 tax plan
thestatedtruth.com | December 6, 2010
This is an interesting summary of a review on retirement plans “Broken Promises” from Knowledge@Wharton …… From the women’s movement to the sexual revolution, the generation of 77 million baby boomers born in the United States between 1946 and 1964 has spent the last five decades loudly breaking new ground. Now, as they head toward their “golden years,” […]
Category: Commentary, Economy, National News, News Letters, Pensions and Retirement, Wall Street |
No Comments »
Tags: Broken Pension Promises
thestatedtruth.com | December 6, 2010
We agree with this new bill to protect national security interests. As for corporate interests, well that’s another story!  These excerts from The Hill Blog: Sens. John Ensign (R-Nev.), Joe Lieberman (I-Conn.) and Scott Brown (R-Mass.) introduced a bill Thursday aimed at stopping WikiLeaks by making it illegal to publish the names of military […]
Category: Commentary, National News, National Security, World News |
No Comments »
Tags: Anti-wikileaks bill
thestatedtruth.com | December 6, 2010
This from NBC: Julian Assange’s attorney says a place and time are being negotiated for a meeting with Scotland Yard. There will be a waiting line of countries that want to arrest Julian Assange. Interestingly, despite discussion that the British authorities are well aware of where Assange is located, his arrest has so far been elusive.  It […]
Category: Commentary, Economy, National News, National Security, World News |
No Comments »
Tags: julian assange, wikileaks
thestatedtruth.com | December 5, 2010
Let’s put these two answers in deep perspective….Troubling is putting it mildly! Q: [On calls to cut the deficit] We’re looking at ten, 15, 20 years from now, a situation where almost the entire federal budget will be spent on Medicare, Medicaid, Social Security, and interest on the debt. There won’t be any money left […]
Category: Commentary, Economy, National News, Pensions and Retirement, Wall Street, World News |
No Comments »
Tags: Bernankes's Troubling Answers on 60 Minutes
thestatedtruth.com | December 5, 2010
Here are a couple of zinggers…..Ben Bernanke: Economic recovery is very close to not being self-sustaining…..Anyone surprised on this one? …….and……We’re looking at ten, 15, 20 years from now, a situation where almost the entire federal budget will be spent on Medicare, Medicaid, Social Security, and interest on the debt. There won’t be any money left for the military […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
No Comments »
Tags:
thestatedtruth.com | December 5, 2010
Sounds like the United States had better re-assess its relationship with China……The situation becomes even more interesting with China owning so much of the United States debt (bonds). Oh, that’s right, we can’t…..nobody else will buy our debt. “Patriotic hackers†backed by Chinese authorities conducted extensive computer hacking on U.S. government agencies and companies, including computer networks of […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
No Comments »
Tags: China and U.S. debt
thestatedtruth.com | December 5, 2010
Inflation anybody? “What we’re seeing is really just the tip of the iceberg,†Trilby Lundberg said today in a telephone interview. “At the retail level, we could see another six to eight more cents†per gallon as refiners pass through higher crude costs. The average price for regular gasoline at U.S. filling stations rose 3.92 cents […]
Category: Commentary, Economy, National News, Oil and Nat Gas, Wall Street, World News |
No Comments »
Tags: Gasoline prices rising fast
thestatedtruth.com | December 5, 2010
It sounds like we have everybody’s attention here, doesn’t it! President Barack Obama said any new legislation must extend federal jobless aid and include his own soon-to-expire tax policies. Obama told Democratic leaders in Congress he’d reject even a temporary extension of the Bush-era tax cuts if the legislation doesn’t encompass his own policies, which include […]
Category: Commentary, Economy, National News, Wall Street, World News |
No Comments »
Tags: Obama tax demands
thestatedtruth.com | December 5, 2010
Well, here is our opinion on this and it’s just an opinion. Sounds like the New Orleans Hornets name will be retired at some point (maybe next season) just like the baseball Motreal Expos were (they moved to Washington D.C. and became the Nationals), and the Supersonics may be reestablished in Seattle. The old Sonics moved […]
Category: Commentary, National News, Sports, World News |
No Comments »
Tags: NBA to own Hornetts, New Orleans Hornets taken over by NBA
thestatedtruth.com | December 5, 2010
It tells us that things are not, repeat are not getting materially better. People are giving up on getting a job. This is not what we want to see, especially not at this point in an economic recovery (that’s what the government calls this). The Unemployment is shown by the (red line). The Employment-Population ratio declined to […]
Category: Charts and Graphs, Commentary, National News, Wall Street |
No Comments »
Tags: employment population ratio, job chart
thestatedtruth.com | December 5, 2010
7:00 PM: Fed Chairman Bernanke discusses the economy on CBS 60 Minutes. This interview took place on November 30th, and parts were leaked out on Friday.
Category: Commentary, Economy, National News, Wall Street |
No Comments »
Tags:
thestatedtruth.com | December 5, 2010
Hmm…..It’s really a simple concept…..Even with sales below prior peeks, the auto makers are profitable now because they have shed so much debt. GM did it through bankruptcy which converted much of its high interest bond debt into equity, and Ford did a bond to stock swap and buy back.  When you don’t pay all of that interest, natuarlly your expenses […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street |
No Comments »
Tags:
thestatedtruth.com | December 4, 2010
Federal, State and Local City workers are about to see related  jobs destroyed. This has never…read never happened before. Governments at every level are broke. This is going to end badly. It will take a while, but it will end badly. There simply isn’t economic growth when this happens. Period! A few years down the road, […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
No Comments »
Tags: David Stockman's Opinions
