thestatedtruth.com | January 17, 2012
This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]
thestatedtruth.com | January 16, 2012
“The Senator” was an old friend to many, and besides being the tallest cypress tree in the United States, it was also the oldest of its kind in North America. Even more interesting, it was the fifth oldest tree in the world. Longwood, Florida A 3,500-year-old Central Florida landmark burned to the ground. A fire early Monday […]
thestatedtruth.com | January 15, 2012
Guess the idea is….why waste money on an exercise if the real think is coming? Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]
thestatedtruth.com | January 12, 2012
So…..back in September Kodak said it was weighing options, then issued a statement saying it has “no intention of filing for bankruptcy” and that it is pursuing patent sales. It looks like Eastman Kodak has about $1.6 billion in debt according to Yahoo Finance. A Polaroid moment is close to being developed! Eastman Kodak Co. (EK) is […]
thestatedtruth.com | January 12, 2012
While most of the U.S. has had a very mild winter, that is not the case in Alaska. ANCHORAGE, Alaska The worst winter anyone can remember in Alaska has piled snow so high people can’t see out the windows. More than twice the normal snow has already been dumped on Anchorage! “The scary part is, we still have three […]
thestatedtruth.com | January 12, 2012
It’s all about demographics my dear Watson….here’s some food for thought! First up let’s study a graph of the Census Bureau historical and forecast data for the peak-spending cohort population in the U.S. from 1980 to 2050. The Age 45-49 cohort peaked in 2009 and will bottom out in 2022 after an estimated decline of […]
thestatedtruth.com | January 12, 2012
The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice. This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]
thestatedtruth.com | January 10, 2012
One more” bonus baby” and they’re sold out! Unbelievable…At the North American International Auto Show in Detroit, Aston Martin’s Julian Jenkins reveals that its One-77 model at a price point of about $1.9 million is one unit away from sold out.
thestatedtruth.com | January 10, 2012
This is truly a statement about the rich. Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records. Sales of […]
thestatedtruth.com | January 9, 2012
PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think. EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]
thestatedtruth.com | January 9, 2012
Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast. This will be double trouble. PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit data from the Fed shows a stunning November in which U.S. households borrowed […]
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
Can anyone guess where Vizio is located….Nope, didn’t think so, it’s not over seas, but in Irvine, California. That’s BACK in the good old U.S.A. Who knows, maybe this even becomes a trend. Bloomberg: Vizio Inc., the television maker that helped drive higher-cost rivals out of the business with rock-bottom prices, plans to bring the […]
thestatedtruth.com | January 7, 2012
We get the drift, but does the EU (European Union)? George Soros said “Today, the euro is potentially endangering the political cohesion of the European Union,” according to the Business Line newspaper in the south Indian city of Hyderabad. “If the common currency were to break down, it will lead to the break up of […]
thestatedtruth.com | January 6, 2012
We will be tested on this one, the new normal “just in time” economy may not be such a good idea, after all! The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, […]
thestatedtruth.com | January 5, 2012
This is what can happen on a bad day in the stock market……..bad seats, hey buddy! Buuuddy was the Cat.
thestatedtruth.com | January 5, 2012
Bridgewater Review For 2012 This Bridgewater review of 2012 is highly regarded. I have highlighted it below…..everyone should print this out and post it in a viewable place. These guys run the largest hedge fund in the world and are among the top 5 smartest managers anywhere. They’re not always right, but they are right more often […]
thestatedtruth.com | January 5, 2012
Folks, this is starting to look like a trend. It may be a combination of things, i.e., less driving, newer cars with better mpg, and older demographics in play (which means less driving) or….it could just be a freak of nature? Never the less, prices have come down, but not as much as one would surmise in retrospect. We’ll remind […]
thestatedtruth.com | January 5, 2012
Our good friend Gene Inger of www.ingerletter.com is heading out West to the annual Consumer Electronics Show in Las Vegas next week. Gene has been reporting on this show for as long as we can remember, and knows his electronics well. We think this review will be well worth reading. In fact, we know of no […]
thestatedtruth.com | January 3, 2012
Hmm…..things are good, until they’re not! Then it’s to late to save anybody. Bloomberg: SEVERAL ON FOMC FAVORED CHANGE TO MID-2013 RATE VOW BEFORE LONG FOMC SAID GLOBAL FINANCIAL STRAINS POSE `SIGNIFICANT’ RISK FED PLANS TO RELEASE OFFICIALS’ FED FUNDS RATE FORECASTS FOMC MEMBERS SAW LONG-TERM INFLATION EXPECTATIONS AS STABLE FOMC MEMBERS SAW ECONOMY `EXPANDING […]
thestatedtruth.com | December 31, 2011
At the close of 2011, U.S. natural gas prices sat at their lowest point in more than two years and the lowest winter price in ten years. All the while natural gas production in the lower 48 states hit an all time record of 71.3 billion cubic feet a day in October, according to the latest U.S. Department of […]
thestatedtruth.com | December 31, 2011
Unusual weather patterns are creating an interesting twist to normally harsh winter areas in the United States….Just 19.6 percent of the continental United States is covered in snow, according to the latest snow analysis by NOAA, compared with 50.3 percent this time last year. From the Washington Post: At the National Arboretum, the white petals of […]
thestatedtruth.com | December 29, 2011
Here is one of the reasons for slow world growth dead ahead, and from the looks of things, it will last a long long time! The baby boomer generation was the last of the demographic growth cycles and that was back from the 1950’s thru the 1970’s. Now the baby boomers are debt ridden as they enter retirement age, […]
thestatedtruth.com | December 28, 2011
The message is clear…. Reuters: U.S. FIFTH FLEET SAYS ANY DISRUPTION OF NAVIGATION IN HORMUZ STRAIT “WILL NOT BE TOLERATED” The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the strategic oil route. “The free flow […]
thestatedtruth.com | December 23, 2011
thestatedtruth.com | December 22, 2011
The head of the world’s biggest bond fund said he sees a more than 1 in 3 chance that the euro zone will break apart and trigger a financial crisis akin to the one that devastated the global economy in 2008. From Bloomberg: “It would be the equivalent of a sudden stop in which financial markets seized […]
thestatedtruth.com | December 22, 2011
NAR proving what most everyone knew:………. the sales numbers are inflated. NAR: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 NAR: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN
thestatedtruth.com | December 22, 2011
PIMCO’s Bill Gross has become very negative on the U.S. and World economies growth rates. Todays tweet from him……..dissing the European LTRO (Long Term Repo Operation) to save European banks….the hope is that the banks take this money and leverage it up many times to buy Piigs (five Eurozone nations, Portugal,Ireland,Italy, Greece and Spain) sovereigns HIGH risk debt, presto…debt problems […]
thestatedtruth.com | December 18, 2011
Extend and pretend, benefit extentions looked all set to go….but not so fast, they may not get approved after all. On Sunday House Speaker John Boehner flatly ruled out approval of a Senate agreement to temporarily extend the payroll tax cut through February. But, Senate Majority Leader Harry Reid (D., Nev.) said if Mr. Boehner rejected the Senate […]
thestatedtruth.com | December 18, 2011
A new recession is coming, as we’re seeing all the signs of it ahead of time. “The U.S. gasoline market continues to receive down pressure from falling gasoline demand.” according to Trilby Lundberg, president of Lundberg Survey in Camarillo, California. Gasoline demand at the pump in the week ended Dec. 9 was 8.76 million barrels a […]
thestatedtruth.com | December 17, 2011
The U.S.consumer debt situation remains a major problem and is far from its normal boundaries. It will remain so for some time to come, and we mean years! Here’s an updated look at the U.S. consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Even after all the […]
thestatedtruth.com | December 16, 2011
Here are 50 significant stats for 2011…. #1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty. #2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished. #3 If the number […]
thestatedtruth.com | December 16, 2011
Uh, so how do you underestimate your sub-prime loans number by 238 billion dollars from 2006 to 2008 and then allow yourself nice bonuses off those false numbers. Lucky for us tax payers some of those bonuses were clawed back’ by the government. Anybody out there think these guys missed the numbers by accident? No, it was no accident! […]
thestatedtruth.com | December 15, 2011
According to the Australian Finance Review, banks down under “have been given 1 week by regulators to stress test how they would handle a spike in joblessness and a plunge in home prices spurred by EU debt crisis.” Bloomberg First Word describes for us what the article says: Australian Prudential Regulation Authority envision worst-case scenario of […]
thestatedtruth.com | December 14, 2011
A sharp decline in withholding tax receipts signals an imminent recession is dead ahead! The forward indicators that produce the most reliable signals with respect to recession forecasting continue to indicate that a return to economic contraction is highly likely in early 2012. Our computer models have been predicting the likely start of a new recession […]
thestatedtruth.com | December 13, 2011
Here we go with today’s Fed release….. Fed Headline Summary: FED: FINANCIAL STRAINS STILL POSE `SIGNIFICANT DOWNSIDE RISKS’ FED REPEATS `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST MID-2013 FED SAYS ECONOMY `EXPANDING MODERATELY’ AS GLOBAL GROWTH SLOWS FED LEAVES OPERATION TWIST PROGRAM UNCHANGED FED SAYS CONSUMER SPENDING `HAS CONTINUED TO ADVANCE’ FED SAYS UNEMPLOYMENT RATE TO […]
thestatedtruth.com | December 12, 2011
The President says…”We want our Drone back!” But… It’s more likely that the clone masters in China have already bought the original and built a million cheap imatation drones. ABC reports in connection with President Obama’s handling of this embarrassing predicament, “”We’ve asked for it back. We’ll see how the Iranians respond,” the President said at a news conference. He wouldn’t comment […]
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