thestatedtruth.com | May 22, 2011
The American Petroleum Institute just released figures for April, and reported U.S. fuel consumption rose by 5.2% compared to one year earlier.  Hmm, guess the higher the price, the more we drive….NOT
thestatedtruth.com | May 22, 2011
One has to respect Jim Grant’s views….we couldn’t have said it better ourselves! From AP: A graduate of Indiana University, Grant, 64, was a Navy gunner’s mate before starting his journalism career at the Baltimore Sun in 1972. He then joined the financial weekly Barron’s before starting Grant’s Interest Rate Observer in 1983. As stocks […]
thestatedtruth.com | May 21, 2011
Lakshman Achuthan, founder and managing director of the Economic Cycle Research Institute (ECRI), is calling for a slowdown in global economic growth by this summer. Based on our Long Leading Index of global industrial growth, we expect a downturn to start by summer. Beforehand, prominent shorter-leading indicators of industrial growth, like JoC-ECRI industrial commodity price […]
thestatedtruth.com | May 21, 2011
Our society is changing, so maybe we need to pay attention to this……..says Knox College psychologist Tim Kasser, author of “The High Price of Materialism.”  Recognize the real benefits of wealth — freedom and flexibility — and don’t let the pursuit of its illusory trappings interfere with your ability to reap those rewards. Debt is slavery: “The […]
thestatedtruth.com | May 19, 2011
All we can say is speak for yourself big guy…..the average American was led over a cliff by the Big Banks (too big to fail), the Federal Reserve and the U.S. Government which was chasing growth at any cost. And they still are!   Geithner, in early 2009 succeeded Paulson as treasury secretary.  Geithner: In […]
thestatedtruth.com | May 19, 2011
Vicksburg has seen the worst of the floods with the Mississippi River’s height swelling to 56.3 feet at its highest point, eclipsing the record set in 1927. Employees at Dirt Works, Inc, a cement production business in South Vicksburg, built a makeshift levee to protect the business but it burst on Monday. The Yazoo River’s […]
thestatedtruth.com | May 17, 2011
Ever hear the song…..”Here She Comes” ……… Meredith Whitney is back in the news saying that we are looking at an economic sink hole for state governments. She says expenses are near the highest they’ve ever been. We have seen state and local government spending grow by 65% over the last 10 years but tax receipts have grown only by […]
thestatedtruth.com | May 17, 2011
U.S. Housing Starts Unexpectedly Fell in April Surprising Analysts…..We’re wondering what’s so unexpected about it? Work began on 523,000 houses at an annual pace, down 11 percent from the prior month and less than the 569,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Building permits, […]
thestatedtruth.com | May 16, 2011
So here’s the real question…..is any kind soul going to bother pulling your stupid dumb ass out of this precarious spot you’ve put yourself in! Sort of reminds us of the U.S. debt situation, kind of stuck between a rock and a hard place trying to raise the debt ceiling.
thestatedtruth.com | May 16, 2011
Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would become insolvent unless Congress takes action……So, hey sunshine, how much do you need.  Answer: No end in site, how many billions can you give us?  So, we’ll go with this…why not package up the Post Office, Fannie Mae, Freddie […]
thestatedtruth.com | May 16, 2011
It tells us that the Japanese nuclear reactor survived the quake some how, but surprisingly not the tsunami.   Maybe the U.S. economy survived the banking and real estate crisis, but gets crushed by the (floods,debt crisis,weather,currency crash, oil shortage, etc….?), we’ll likely know by fall!  TEPCO admits nuclear meltdown occurred at Fukushima reactor 16 hours after […]
thestatedtruth.com | May 14, 2011
Haven’t  heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund (Druckenmiller rarely does interviews). Until now that is! He joins PIMCO on a crusade against the Fed and thinks that U.S. debt is soaring out of control…..the timing couldn’t be better! From the WSJ:“Mr. […]
thestatedtruth.com | May 14, 2011
Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,†. The Fed is trying […]
thestatedtruth.com | May 12, 2011
Here is a picture that explains everything. For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried! But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]
thestatedtruth.com | May 12, 2011
Eric Sprott of Sprott Asset Management….. making headlines at SALT (Sky Bridge Alternatives  Conference) in Vegas: SPROTT SAYS GOLD IS NOW THE WORLD’S RESERVE CURRENCY SPROTT SAYS SILVER WAS `MANIPULATED’ DOWN IN PRICE SPROTT SAYS PEOPLE IN IRELAND, GREECE ALREADY FLEEING BANKS SPROTT SAYS SAVERS WILL FLEE BANKS TO PUT MONEY INTO GOLD
thestatedtruth.com | May 12, 2011
Among other things, Dinan says……“The lessons of ‘07 and ‘08 are totally forgotten,†Dinan warned. “The thinking that ‘I won’t be left behind when the music stops.’ That’s very dangerous thinking.†  Jamie Dinan, York Capital: Banks Jamie Dinan, founder of $17 billion hedge fund York Capital Management LP, talks about financial stocks. “The amount of […]
thestatedtruth.com | May 11, 2011
So why do they call it the 100 year flood…..when it’s happened now 3 times (1927,1937 and 2011)Â in the last 84 years! MEMPHIS/NEW ORLEANS (Reuters) – The swollen Mississippi River set a record high water level at Natchez, Mississippi, on Wednesday — 10 days before its expected crest in the southern city. The level of […]
thestatedtruth.com | May 10, 2011
So…..the U.S. has gone trillions, yes trillions of dollars in debt for what? Uh….an economic recovery that has only matched inflation (yes we know, the government says there is no inflation), or let’s just call it an economy that has gone virtually nowhere. And the only way to get more growth at this point is to add […]
thestatedtruth.com | May 9, 2011
The U.S. is in the midst of a “zombie consumer” generation that will dent GDP growth for years to come, according to Citi and Yale’s Stephen Roach (via The Globe and Mail). Â And who is responsible for leading the sheep down this road, yep……good old uncle sam! Speaking in Toronto, Roach said that the […]
thestatedtruth.com | May 9, 2011
What this chart tells us is…..that household equity is 38.8% if we include all houses paid for and with a mortgage both combined in the mix…..but home equity for the sub group of “only houses with a mortgage, excluding paid for houses” is only 19.2%.
thestatedtruth.com | May 9, 2011
Another interesting chart….are they lazy free loaders or just late bloomers? We’ll call them the un- motivated generation.
thestatedtruth.com | May 9, 2011
Interesting subject matter….exploding demand from smartphones will soon overwhelm the nation’s wireless capacity. So, what’s the FCC’s plan to fix this imminent spectrum wipe out?  Something called “Incentive Auctions,” which lets the owners of old, under-used spectrum–TV and radio broadcast spectrum, for example–put the spectrum up for auction and get a portion of the proceeds. This […]
thestatedtruth.com | May 9, 2011
Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier. In the first quarter of 2009 only 22% of homes were underwater, Zillow said. Home prices slumped 8.2 percent on average over the past 12 months. Property […]
thestatedtruth.com | May 9, 2011
Some of the smartest guys we know, the ones that use their own money to buy and sell houses…are thinking 15%-20% further down from here and 2-4 years to clear huge stealth inventories. They say the banks have just started to get more realistic on pricing of bank owned properties, and will become very aggressive to get […]
thestatedtruth.com | May 8, 2011
President Obama speaks on the secret operation to take out Bin Laden….President Obama: We know he was there at least five years. The fact of the matter is, you will not see bin Laden walkin’ on this earth again. As nervous as I was about this whole process, the one thing I didn’t lose sleep […]
thestatedtruth.com | May 6, 2011
We just posted out 2,500’th post on www.thestatedtruth.com                 Thanks for coming on by!
thestatedtruth.com | May 6, 2011
The nation’s capital continues to head a list of the top cities for finding work. The rankings are based on the latest job market competition ratings from www.Indeed.com. The ratings compare the number of people looking for work with the number of advertised positions in a given area. Here are the 10 cities with the […]
thestatedtruth.com | May 5, 2011
This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]
thestatedtruth.com | May 5, 2011
Interesting to say the least! Watch ABC News’ full report on the bin Laden evidence trove tonight on “World News With Diane Sawyer”. A new bulletin issued tonight by the FBI and the Department of Homeland Security and obtained by ABC News describes the terror organization’s chilling desire to derail a train. “As of February […]
thestatedtruth.com | May 4, 2011
This long down period makes sense….everybody is hoping for the best, but demographics and many other things point to a very negative period ahead for real estate. Can Americans cope with a 10 to 15 year bear market in real estate? On this front there is good news, and bad news. The bad news is that we are likely […]
thestatedtruth.com | May 4, 2011
Not surprisd…… DETROIT (WWJ) – According to a new report, 47 percent of Detroiters are  â€functionally illiterate.†The alarming new statistics were released by the Detroit Regional Workforce Fund on Wednesday.
thestatedtruth.com | May 3, 2011
Here is a must rerad transcript with  “NBC Nightly News” anchor and managing editor Brian Williams interviewing CIA director Leon Panetta……courtousy of TIME Magazine online.   This interview will air tonight on “NBC Nightly News.” CIA director tells NBC’s Brian Williams there wasn’t question that image would “ultimately†be released. More, on Gaddafi, Pakistan’s involvement in operation and […]
thestatedtruth.com | May 2, 2011
The SNAP released the most recent food stamp numbers. Not surprisingly, we have another all time high of 44.2 million poverty-level Americans relying on government funding for day to day sustenance. So you ask: When will this end?  Hmm…we wonder about that too!
thestatedtruth.com | May 2, 2011
From MSNBC……The interesting story of how it all happened……from start to finish! First intelligence of a courier, then an extraordinary house with high walls — and no telephone or Internet. Bin Laden and a son are among five killed in a firefight. By Bill Dedman It started with an unnamed courier. Senior White House officials […]
thestatedtruth.com | May 2, 2011
If What We Are Told Below Is Right:  Big Question? Does Anybody Truly Believe This….Yes he is dead, but buried at sea already? U.S. says by Islamic practice burial must be with in 24 hours……and that no country would take him. So…. 1) The order was to kill, not capture (which begs the question as to why not […]
thestatedtruth.com | May 1, 2011
The most wanted and hunted person in United States history gets his just reward…….Osama, may you rot in HELL! The United States message is you can run but you can’t hide. President Obama confirmed Osama bin Laden was killed by CIA Special Forces, with a short address to the nation and ended with this quote “ God Bless America”. […]
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