thestatedtruth.com | September 2, 2009
BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico By Eduard Gismatullin Sept. 2 (Bloomberg) — BP Plc, Europe’s second-largest oil company, reported a “giant†discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well. The well is located about […]
Category: Commentary, Commodities, Economy, National News, Wall Street |
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thestatedtruth.com | September 1, 2009
 Sheila Bair was very candid about commercial defaults being more of a driver of lots of bank failures this Fall. This is precisely the type of issue we’ve been concerned of. The references some are making about the ‘stress tests’ being feather tests of banks, is something we’ve argued all along; based on ridiculous […]
Category: Charts and Graphs, Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | September 1, 2009
China Warns Banks on OTC Hedge Defaults -Report BEIJING, Aug 29 (Reuters) – Chinese state-owned enterprises (SOEs) may unilaterally terminate derivative contracts with six foreign banks that provide over-the-counter commodity hedging services, a leading financial magazine said. China’s SOE regulator, the State-owned Assets Supervision and Administration Commission (SASAC), had told the financial institutions that SOEs […]
Category: Commentary, Economy, Finance, National News, Wall Street |
6,559 Comments »
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thestatedtruth.com | September 1, 2009
Housing Won’t Lead U.S. Out of Recession, Gross Says By Susanne Walker Sept. 1 (Bloomberg) — Housing won’t lead the U.S. out of its recession, Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., wrote in his September investment outlook. There has been a significant break in the traditional economic […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | August 27, 2009
Fed Urges Secrecy on Banks in Bailout   Thursday    Aug 27, 2009 12:27pm EDT * Fed urges judge not to enforce order pending appeal * Banks say disclosure could cause loss of confidence By Jonathan Stempel NEW YORK, Aug 27 (Reuters) – The U.S. Federal Reserve asked a federal judge not to enforce her […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | August 26, 2009
According to the US Department of Energy, liquid fuel demand in the developed nations peaked in August 2005 at 41.89 million barrels per day. Since then, it has plunged by 3.6 million barrels per day to 38.27 million barrels per day. However, you may want to note that despite these tough economic conditions, consumption has […]
Category: Charts and Graphs, Commentary, Commodities, Economy, National News, Oil and Nat Gas, Wall Street, World News |
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thestatedtruth.com | August 24, 2009
From  www.ingerletter.com
Category: Charts and Graphs, National News |
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thestatedtruth.com | August 24, 2009
How to Kill Germs, and Consumer Resistance Sandy Huffaker for The New York Times Consumers can be skeptical of new disinfectants, so Michael Krall is eager to demonstrate his faith in his company’s ingredient, silver dihydrogen citrate, that is contained in a new consumer product called PureGreen 24. By NATASHA SINGER Published: August 22, 2009 […]
Category: Commentary, Healthcare and Science, National News |
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thestatedtruth.com | August 21, 2009
White House Sees $9 Trillion in Deficits Over Decade By Brian Faler Aug. 21 (Bloomberg) — The U.S. government’s long-term budget outlook is darker than expected, with projected deficits over the next 10 years totaling $2 trillion more than had been forecast, according to an Obama administration official. A White House budget review set for […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | August 21, 2009
Meredith Whitney Predicts More Than 300 Bank Failures By Lynn Thomasson and Margaret Brennan Aug. 21 (Bloomberg) — Meredith Whitney, the analyst who predicted that Citigroup Inc. would cut its dividend last year, said the number of U.S. bank failures will quadruple as lenders struggle with bad loans. “There will be over 300 bank closures,†[…]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | August 20, 2009
Mortgage defaults rise to record 13% Â In the second quarter, the number of homeowners behind on payments or in foreclosure rose along with the jobless rate, with California among states leading the way. Â The mortgage meltdown continued to worsen in the second quarter as the number of homeowners who are either behind on […]
Category: Commentary, Economy, National News, Real Estate |
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thestatedtruth.com | August 20, 2009
‘Cash for Clunkers’ Program to Close on Aug. 24, U.S. Says By Angela Greiling Keane Aug. 20 (Bloomberg) — The U.S. “cash for clunkers’’ vehicle trade-in program will close on Aug. 24, Transportation Secretary Ray LaHood said. LaHood commented in an e-mailed press release today.    More……. http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ2___hEnt6E
Category: Commentary, Economy, National News, Wall Street |
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thestatedtruth.com | August 20, 2009
Pension Plans’ Private-Equity Cash Depleted as Profits Shrink By Jason Kelly and Jonathan Keehner Aug. 20 (Bloomberg) — U.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pensions in California, Oregon and Washington, plunked down at least $53.8 billion. So far, they only […]
Category: Commentary, Economy, Finance, National News, Real Estate, Research, Wall Street |
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thestatedtruth.com | August 19, 2009
Hyperinflation Won’t Be Like Germany’s By: Rick Ackerman  Rick’s Picks Wednesday, August 19, 2009 “Phenomenally accurate forecastsâ€Â  I thought I’d overdosed on the inflation vs. deflation debate, but that was before I started reading Adam Fergusson’s When Money Dies: The Nightmare of the Weimar Collapse. Fascinating stuff. Anyone who thinks it couldn’t happen here […]
Category: Commentary, Commodities, Economy, National News, Pictures, Wall Street |
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thestatedtruth.com | August 19, 2009
Buffett Says Federal Debt Poses Risks to Economy By Shamim Adam Aug. 19 (Bloomberg) — The U.S. must address the massive amounts of “monetary medicine†that have been pumped into the financial system and now pose threats to the world’s largest economy and its currency, billionaire Warren Buffett said. The “gusher of federal money†has […]
Category: Commentary, Finance, National News, Wall Street |
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thestatedtruth.com | August 18, 2009
 Cumberland Advisors  614 Landis Avenue Vineland NJ 08360-8007 1-800-257-7013 http://www.cumber.com  September!!!! Also, Closing the Lehman Gap August 18, 2009  From the Wall Street Journal of August 11:  “For investors, the period between Labor Day and Halloween is proving an annual fright show. And no one knows why. It was, of course, in […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | August 18, 2009
CalPERS Admits California “Pension Costs Unsustainable” – So What To Do About It? In an unusual display of honesty CalPERS Actuary Says “Pension Costs Unsustainable” The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue. “I don’t want to sugarcoat […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | August 17, 2009
Fed Says Banks Tightened Lending in Second Quarter By Craig Torres Aug. 17 (Bloomberg) — U.S. banks tightened standards on all types of loans in the second quarter and said they expect to maintain strict criteria on lending until at least the second half of 2010, a Federal Reserve report showed today. Most banks cited […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | August 16, 2009
Op-Ed Contributor     New York Times Why We Need Health Care Reform By BARACK OBAMA Published: August 15, 2009 OUR nation is now engaged in a great debate about the future of health care in America. And over the past few weeks, much of the media attention has been focused on the loudest voices. What we […]
Category: Commentary, Healthcare and Science, National News |
711 Comments »
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thestatedtruth.com | August 14, 2009
Boeing Halted Work on 787 Sections Due to ‘Wrinkles’ By Susanna Ray Aug. 14 (Bloomberg) — Boeing Co. said it stopped work more than a month ago on two sections for the 787 Dreamliner after tiny wrinkles were discovered in the composite-material fuselages supplied by Italian vendor Alenia Aeronautica. The flaws were found on 23 […]
Category: Commentary, National News, Technology, Tid Bits |
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thestatedtruth.com | August 14, 2009
Toxic Loans Topping 5% May Push 150 Banks to Point of  No Return By Ari Levy Aug. 14 (Bloomberg) — More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival. […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | August 14, 2009
U.S. Homeowners Cut Asking Prices $27.8 Billion, Led by Nevada By Dan Levy Aug. 14, 2009Â (Bloomberg) — U.S. homeowners cut their asking prices by $27.8 billion with some of the biggest reductions in Nevada and Florida, states hardest hit by the property slump, Trulia Inc. said. Owners slashed prices by 15 percent in Nevada […]
Category: Commentary, Economy, National News, Real Estate |
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thestatedtruth.com | August 13, 2009
The Rules: Which Vehicles Qualify….. Not all cars are eligible for the “cash for clunkers” program. Full information is available at www.cars.gov. Trade-ins must: * Be no older than 25 years, based on manufacture date. * Have had a combined fuel economy of 18 mpg or less when new. * Have been registered by the […]
Category: Commentary, Economy, National News, Wall Street |
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thestatedtruth.com | August 3, 2009
Report: Mega Bunker Buster bomb ahead. According to Stratfor.com: “The United States will speed the deployment of a new bunker-buster bomb, ten-times more powerful than the largest existing model, as soon as July 2010, the Air Force said Aug. 2, Reuters reported. The non-nuclear, 30,000-pound bomb is 20-feet-long and is designed to penetrate up to […]
Category: Commentary, National News |
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thestatedtruth.com | July 29, 2009
Commercial Real Estate Crash  Looming, Says Fed’s Yellen  By AUSTIN KILGORE July 29, 2009 9:55 AM CST   As the industry looks for signs the housing sector is beginning to stabilize, the threat of a crash in the commercial mortgage market grows, according to San Francisco Federal Reserve president Janet Yellen. Speaking […]
Category: Commentary, National News, Real Estate |
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thestatedtruth.com | July 27, 2009
President Obama’s popularity continues to fade, as he had two bad days in the polls. According to the Rasmussen Reports.com daily poll, the number of those who disapprove of the president’s performance is now 51%. Here are some details: “The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 30% of the nation’s voters […]
Category: Commentary, Economy, National News, Wall Street |
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thestatedtruth.com | July 26, 2009
Acknowledging the Deception  by J. R. Nyquist  Weekly Column Published: 07.24.2009 Meet Victor Kalashnikov: former KGB officer, scholar, analyst, and writer. He is married to historian and journalist Marina Kalashnikova, the subject of last week’s column. Before the Soviet Union collapsed Victor worked for the KGB in Vienna. After Gorbachev’s bizarre abdication in […]
Category: Commentary, National News, National Security |
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thestatedtruth.com | July 26, 2009
Storm Watch Update  THE END OF AN ERA  (Excerpt from a 17 July 2009 President’s Message to Jim’s clients at PFS Group) When the facts change, I change my mind. What do you do, sir? — John Maynard Keynes, British economist (1883–1946), in reply to a criticism during the Great Depression of having […]
Category: Commentary, National News, Real Estate, Wall Street |
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thestatedtruth.com | July 26, 2009
Here is the entire 1017 page Health Care Bill. There is a man by the name of Peter Fleckstein (aka Fleckman) who is reading it and has been posting on Twitter his findings. This is from his postings (Note: All comments are Fleckman’s) Pg 16: SEC. 102. PROTECTING THE CHOICE TO KEEP CURRENT COVERAGE. lines […]
Category: Commentary, Healthcare and Science, National News |
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thestatedtruth.com | July 25, 2009
American Capitalism Gone With A Whimper.   It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.   True, the situation has been well prepared on and […]
Category: Commentary, National News, National Security, World News |
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thestatedtruth.com | July 25, 2009
Biden Criticizes Russia By ANDREW E. KRAMER Published: July 25, 2009 MOSCOW — Just weeks after a summit meeting intended to show a thawing in relations between the United States and Russia, Vice President Joseph R. Biden Jr. made blistering references to Russia’s failing economy, loss of face and a leadership that is “clinging to […]
Category: Commentary, National News, National Security, World News |
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thestatedtruth.com | July 25, 2009
This is an astonishing datapoint: “There were 18.7 million vacant homes in the U.S. during the second quarter as the steepest recession in 50 years sapped demand for real estate and banks seized properties from delinquent borrowers. The number of vacant properties, including foreclosures, residences for sale and vacation homes, was little changed from 18.6 […]
Category: Commentary, Economy, National News, Real Estate |
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thestatedtruth.com | July 25, 2009
At one point, housing construction was over 5% of GDP. Now it is around 2.5%. The graph shows how much a shrinking home-construction industry has reduced GDP each quarter for the last two years.
Category: Charts and Graphs, Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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