The Lost Decade…..Glad That’s Over!
thestatedtruth.com | January 25, 2010
Commercial Real Estate….Tishman Venture Gives Up Stuyvesant
thestatedtruth.com | January 25, 2010
This from the Wall Street Journal………..What is it that has been taking the world down…..DEBT, DEBT,DEBT…..looks like just the beginning for commercial, and another disaster for California retirements funds….. Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of […]
Is Latin America Working On A New Currency?
thestatedtruth.com | January 24, 2010
Latin America To Meet On New Currency Sun, 24 Jan 2010 08:40:07 GMT Latin American presidents have organized a meeting to take a step to ‘break’ their dependence on US dollar in regional financial transactions. Venezuelan President Hugo Chavez said on Saturday that the leaders would meet Monday in Caracas. “We’ll have a very important […]
The Hard Windy Road Ahead Of Us
thestatedtruth.com | January 22, 2010
Quarterly Review and Outlook – Fourth Quarter  Hard Road Ahead The U.S. is facing a long and difficult road as it attempts to correct the over-indebtedness and wasteful expenditures of the past two decades. Both current and historical research help us to understand where we are in the continuing economic crisis, and to put […]
Illinois Enters A State Of Insolvency….This Is One Scary Report
thestatedtruth.com | January 22, 2010
By Paul Merrion, Greg Hinz and Steven R. Strahler  Jan. 18, 2010 As Illinois’ fiscal crisis deepens, the word “bankruptcy” is creeping more and more into the public discourse.”We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency,” says Laurence Msall, president of the Civic […]
Who Shot The Bull On Wall St
thestatedtruth.com | January 21, 2010
Homebuilders Turn To Private Equity For Financing
thestatedtruth.com | January 21, 2010
By John Gittelsohn Jan. 21 (Bloomberg) — More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending. The investments will pay off for the builders and their investors if the prices are low enough and the locations are in areas where demand […]
Stratfor………China: Lending Restrictions
thestatedtruth.com | January 21, 2010
  China: Lending Restrictions and Beijing’s Predicament Stratfor Today | January 20, 2010 | 1808 GMT Liu Mingkang, head of the China Banking Regulatory Commission (CBRC), said in an interview Jan. 20 that several Chinese banks had been asked to restrain their lending after proving to have inadequate capital reserves. Chinese media reports claimed […]
Obama Calls For Limiting Size, Risk-Taking Of Banks
thestatedtruth.com | January 21, 2010
By Nicholas Johnston and Julianna Goldman Jan. 21 (Bloomberg) — President Barack Obama, tapping into voter anger over bank bailouts, called for limiting the size and trading activities of financial institutions as a way to reduce risk-taking and prevent another financial crisis. The proposals, to be added to an overhaul of regulations being considered by […]
2009 Airline Revenue: Worst Drop Ever
thestatedtruth.com | January 20, 2010
Airline Revenue: Worst Drop Ever By Ben Rooney, staff reporterJanuary 20, 2010: 1:05 PM ET NEW YORK (CNNMoney.com) — The airline industry suffered its largest drop ever in passenger revenue last year as a weak economy grounded many would-be travelers, an industry group said Wednesday. The Air Transport Association of America said total passenger revenue […]
Credit Card Companies Pulling Back……
thestatedtruth.com | January 19, 2010
Credit cards are ubiquitous like air in the American economy. Virtually every American that can qualify for a credit card has one (or many) in their wallet. Credit card companies have flooded the market with millions of plastic rectangles that have now come back to bite many American consumers. If we rewind back to the […]
Cumberland Associates Reads The Room….“I’m Mad As Hell And I’m Not Gonna Take It Any Moreâ€
thestatedtruth.com | January 19, 2010
“I’m Mad as Hell and I’m Not Gonna Take it any More†January 19, 2010. 9:34 PM, Massachusetts time  The title of this missive comes from “Network†an award winning 1976 American satirical film. We remember it then and respect it now.  “I’m mad as hell and I’m not gonna take it any […]
Automakers Starting To Hire Again….As They Expect A better Year Ahead
thestatedtruth.com | January 18, 2010
  By Jerry Hirsch January 18, 2010 Even as they finish closing plants from their worst sales year in decades, beleaguered automakers are also starting to hire again — almost 5,000 workers in the coming year. The added jobs amount to just a fraction of the roughly 40,000 that carmakers shed during their tailspin last […]
New GEAB Just Out…..The Decade 2010 – 2020
thestatedtruth.com | January 16, 2010
Newest GEAB N°41 Is Available! The Decade 2010 – 2020: Knockout Victory By Gold Over The Dollar  – GEAB N°41 (January 16, 2010) – The US Federal Reserve is no longer able, in reality, to continue its multi-decade combat against the « barbarous relic » in order to guarantee the supremacy of the US […]
Just The Facts Please………….
thestatedtruth.com | January 16, 2010
Comstock Partners, Inc. The Bank Chiefs’ Incredible Testimony January 14, 2010 When we saw the esteemed chiefs of the nation’s top banks testify that nobody could foresee the coming devastating residential mortgage problem or that home prices could ever come down we stared at our TV sets in disbelief and disgust. After all, we had […]
Comstock Partners……Recovery Or Recession? A Distinction Without A Difference
thestatedtruth.com | January 16, 2010
Comstock Partners, Inc. Recovery or Recession? January 2010 Bombarded by a constant stream of primary, secondary and tertiary economic statistics being released daily with a highly positive spin in the financial media, investors need to be reminded that the numbers that really count indicate an economy still in a deep rut. Let’s take a look at […]
A World Of Problems, All Related To Debt
thestatedtruth.com | January 16, 2010
Eurozone central-bank president Jean-Claude Trichet yesterday described the idea that Greece will be forced to quit the monetary union because of its huge budget deficits and weakening government bonds. Greece today submits a new budget to the European Commission, aimed at cutting its debts from 113% of annual economic output. “These internal strains are independent […]
Seven Ways To Put The United States’ National Debt Into Perspective…
thestatedtruth.com | January 16, 2010
The SHEER SIZE of the US government’s debt hasn’t put off new bond buyers so far in 2010. You’ve got to wonder what kind of news – or debt – it might take to deter them In just two days this week, the Treasury issued $61 billion in new debt – twice as much money […]
PIMCO’s El-Erian…..Markets Not Facing ‘Reality’ Of Slow Economy
thestatedtruth.com | January 15, 2010
Markets Not Facing ‘Reality’Â Â Â Jan 15, Â 2010Â Financial markets have failed to price in the remaining problems that bedevil a long-term economic recovery, Pimco’s Mohamed El-Erian told CNBC. Inconsistencies that the market faces include the tax on bailed out banks that President Obama announced Thursday and its effects on their ability to lend; long-term […]
Gene Inger…..Credit Woes Piling Up
thestatedtruth.com | January 13, 2010
Gene Inger’s Daily Briefing . . . for Thursday January 14, 2010  Good evening;   Credit woes piling up . . . threaten to dose the optimism generated by a false rally in terms of the extension by the stock market. This will be felt (didn’t say may be felt) by a slew of […]
Rare-Earth Elements That Rule The Globe
thestatedtruth.com | January 13, 2010
Elements That Rule The Globe Rare-earths are so-called because when they were first discovered in the 19th Century in Sweden, they were believed to be some of the most uncommon elements. But through further scientific discovery, rare-earths have been found to be relatively abundant in the Earth’s crust. However, the high cost of extraction means […]
Hmm…..Question Is “What Kind Of Recovery Produces Falling Jobs And Wages”
thestatedtruth.com | January 11, 2010
Organ Donors Business May Gain Monetary Incentive
thestatedtruth.com | January 10, 2010
In March 2009 Singapore legalized a government plan for paying organ donors. Although it’s not clear yet when this will be implemented, the amounts being discussed for payment, around $50,000, suggest the possibility of a significant donor incentive. So far, the U.S. has lagged other countries in addressing the shortage, but last year, Sen. Arlen […]
U.S. Apartment Vacancy Rate Hits 30-year High While Rents Dropped
thestatedtruth.com | January 9, 2010
U.S. apartment vacancy rate hits 30-year high Thu Jan 7, 2010 1:01am EST By Ilaina Jonas NEW YORK, Jan 7 (Reuters) – The U.S. apartment vacancy rate rose to an almost 30-year high of 8 percent in the fourth quarter, and rents dropped in the biggest one-year slump, according to real estate research company Reis […]
2010 May Be A Rough Year For The FDIC…………..
thestatedtruth.com | January 9, 2010
Friday evening the FDIC released information regarding the first bank closure of 2010 Horizon Bank of Bellingham, Washington. The statistics regarding this closure are terrible. If it is indicative of things to come it will be a very rough year for the FDIC. According to the FDIC, Horizon Bank had $1.1 billion in deposits and balance […]
John Mauldin’s 2010 Forecast: “The Year Of Uncertainty”
thestatedtruth.com | January 9, 2010
John Mauldin’s  “Thoughts from the Frontline Weekly Newsletter” Those who are invested in the idea of a “V”-shaped recovery became excited over the jobs report last month. Unemployment rose by only 11,000 jobs, if you did not look at the underlying numbers or ignored the household survey. And the consumer confidence surveys have begun to rise. […]
Consumer Credit In U.S. Drops Record $17.5 Billion, This Is A Big Number
thestatedtruth.com | January 8, 2010
Consumer Credit in U.S. Drops Record $17.5 Billion By Vincent Del Giudice Jan. 8 (Bloomberg) — Consumer credit in the U.S. dropped a record $17.5 billion in November as unemployment close to a 26- year high discouraged borrowing and banks limited access to loans. The slump in credit to $2.46 trillion was more than anticipated […]
The Bank For International Settlements Calls Top Banks For Risk Talks
thestatedtruth.com | January 7, 2010
Top Banks Invited To Basel Risk Talks By Henny Sender in New York Published January 7, 2010 The Bank for International Settlements will gather top central bankers and financiers for a meeting in Basel this weekend amid rising concern about a resurgence of the “excessive risk-taking†that sparked the financial crisis. In its invitation, the […]
‘Exceptionally Inefficient’ Is An Understatement, Are They Kidding…..$80,000 Per Home Sold, Who Thought This One Up…..What A Bunch Of Morons!
thestatedtruth.com | January 7, 2010
Homebuyer Tax Credits ‘Exceptionally Inefficient’ By David Wilson Jan. 7 (Bloomberg) — Tax credits designed to revive the U.S. housing industry are costing taxpayers as much as $80,000 for every additional home sold, according to Michael R. Widner, a Stifel Nicolaus & Co. analyst. The federal program is “an exceptionally inefficient use of tax dollars,†[…]
U.S. Warns Banks To Guard Against Rate-Rise Risks
thestatedtruth.com | January 7, 2010
U.S. Warns Banks to Guard Against Rate-Rise Risks By Scott Lanman and Craig Torres Jan. 7 (Bloomberg) — U.S. regulators including the Federal Reserve warned banks to guard against possible losses from an end to low interest rates and reduce exposure or raise capital if needed. “In the current environment of historically low short-term interest […]
Bill Gross Of PIMCO (The Worlds Largest Bond Fund Managers) Says 2010 Is Likely To Be The Year Of The “Exit Strategies”
thestatedtruth.com | January 7, 2010
If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of “exit strategies,†during which investors should consider economic fundamentals and asset markets that will soon be priced in a world less dominated by the government sector. […]
Charles Biderman Of Trim Tabs Makes A Controversial Statement On The Markets
thestatedtruth.com | January 7, 2010
There was a lot of buzz around Wall Street about a report released by TrimTabs yesterday. In the report, Charles Biderman goes through a lot of potential fund flows to fuel the rally that spiked market cap $6 trillion since March. He found them all wanting and speculated whether the rally had been funded with buying […]
State Tax Revenue In U.S. Drops Most In 46 Years
thestatedtruth.com | January 7, 2010
The states are in a bad way, …..The first three quarters of 2009 were the worst on record for states in terms of the decline in overall state tax collections. 2010 is going to be very difficult for the states and the next year is likely to be significantly worse. The great recession hit virtually […]
Does The Bond Market Smell Inflation?
thestatedtruth.com | January 6, 2010
Thoughts On The Fed Minutes From Todd Harrison Of Minyanville
thestatedtruth.com | January 6, 2010
The FOMC’s Great Debate Todd Harrison  JAN 06, 2010 3:30 PM       There are two potential downside catalysts: exhaustion and exogenous shock.       The following was posted originally in real time on the Buzz & Banter The FOMC minutes have been released and there seems […]
The Fed Minutes, A Review Of Its Last Meeting Are Out
thestatedtruth.com | January 6, 2010
FOMC Discussed Expanding Purchases If Economy Weakens By Scott Lanman Jan. 6 (Bloomberg) — Federal Reserve officials last month debated increasing and extending asset purchases should the economy weaken, with a few favoring the move and one seeking a reduction, minutes of their last meeting showed. Policy makers also differed over whether risks are greater […]
So……What Happens When This All Changes? One Thing’s For Sure, When Interest Rates Are This Low There Is No Incentive For A Higher Savings Rate
thestatedtruth.com | January 6, 2010
Toyota’s Lexus Holds Off BMW, Keeps Luxury Lead For 10’th Year
thestatedtruth.com | January 5, 2010
Toyota’s Lexus Holds Off BMW, Keeps Luxury Lead For 10’th Year By Mike Ramsey Jan. 6 (Bloomberg) — Toyota Motor Corp.’s Lexus posted a 22 percent surge in December U.S. sales, finishing its 10th consecutive year in the top spot for luxury autos after fending off a challenge by Bayerische Motoren Werke AG. Lexus sold […]
The Lost Decade American Style
thestatedtruth.com | January 5, 2010
This chart speaks for itself………….. Despite an abysmal 10-years of zero wealth creation and zero job growth, betting on a second consecutive Lost Decade seems like a bad wager.  And yet, it happened in Japan… But let’s not dwell on the negatives so early in this promising New Year. Instead, let’s consider the potential positives – […]
Subscribe
Recent Posts
- These Are The Countries Buying (And Selling) The Most Gold Since 2020
- Visualizing The World’s Silver Reserves By Country
- Tick, Tick , Tick: Study Shows California Losing A Taxpayer Every Minute
- Nearly One In Five Americans Still Work From Home Regularly
- This Is How People Actually Use ChatGPT, According To New Research
-
Podcasts
Coming Soon
-
Tags
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
Meta
Copyright © 2026 The Stated Truth