thestatedtruth.com | January 27, 2011
Records are made to be broken,…..but the hope is (was) ‘not in our lifetime’. New York City and Philadelphia are included in the mid-Atlantic storm that broke daily snowfall records on Wednesday. New York City set a new record for January,  the snowiest January in history. With the storm grounding out, final snow tallies exceed a foot throughout the corridor […]
thestatedtruth.com | January 27, 2011
The NHL had lowest top-earner of the group. Sidney Crosby salary of $9.0 million and endorsements of approximately $2.2 million has him well off the pace of the other athletes. Â Â Â Â Â Â Â Â Read more: http://www.businessinsider.com/chart-of-the-day-the-top-endorsement-earners-in-each-sport-2011-1#ixzz1CGbjfsmy
thestatedtruth.com | January 27, 2011
Billionaire investor and philanthropist George Soros said Thursday in an interview with CNBC’s Maria Bartiromo that the deficits facing U.S. municipalities will be the “drama of the next year.†Soros also said that what ever recovery we have will be finished by mid year and that interest rates will start to rise later in the year.Â
thestatedtruth.com | January 27, 2011
Hey, what about us here in the USA, Uncle Sam says nope, no inflation here, you on social security get no cost of living raise….but our good buddies in Congress, well that’s another story. Inflation is one of the issues on the agenda in Davos, as the prices of food and other commodities rise, reducing […]
thestatedtruth.com | January 26, 2011
Guess the contraction (subtracting teams from the league) issue is for real…so whitch teams will get the boot?  We can start with New Orleans….being that the NBA now owns them. NEW YORK — The New York Knicks have overtaken the Los Angeles Lakers as the NBA’s most valuable franchise, and 17 of the 30 teams […]
thestatedtruth.com | January 26, 2011
Excuse us, but we could have sworn that the president said things were getting a lot better and the recession was behind us…..or was that just a mirage in the parched desert sun! The federal budget deficit will reach nearly $1.5 trillion in 2011 due to the” weak economy, higher spending and fresh tax cuts”, the CBO […]
thestatedtruth.com | January 26, 2011
Yep, a nickel is worth 6.8 cents in metal value or 36% more then the $.05 it represents in spendable value! Yes, it’s true; the value of a nickel is soaring, even as the value of a dollar is slumping. That’s because every nickel that rolls out of the U.S. Mint contains about 3.75 grams of […]
thestatedtruth.com | January 25, 2011
We’ve never heard this before…..except maybe in Mexico! Federal court officials declared a judicial emergency Tuesday in Arizona, allowing courts to delay criminal trials up to six months because of a shortage of judges worsened by the shooting death two weeks ago in Tucson of the state’s chief jurist. Arizona federal courts were already overwhelmed […]
thestatedtruth.com | January 25, 2011
This article explains why natural gas is so cheap. Oil companies used to just burn off the natural gas in the Gulf of Mexico  because they didn’t know what to do with it.  Who has been harking on this subject for years, yep….Oklahoma farm boy and self made billionaire T Boone Pickens. He says we need to take advantage […]
thestatedtruth.com | January 25, 2011
Hmm….There is a new push to give President Obama an Internet “Kill Switch”. Portions of the Lieberman-Collins bill, which was not uniformly well-received when it became public in June 2010, became even more restrictive when a Senate committee approved a modified version on December 15. The full Senate did not act on the measure. The revised […]
thestatedtruth.com | January 25, 2011
Inquiring minds want to know how you can have growth with a spending freeze?  Right, you can’t! Obama will call for a five-year freeze on nonsecurity discretionary spending in his State of the Union address “as a down payment toward reducing the deficit,” a White House official said. The president will propose some new spending […]
thestatedtruth.com | January 24, 2011
It’s hard to have substantial economic growth when you don’t have population growth. So, real estate will have a hard time bouncing very far, and the same goes for other asset classes that the U.S.Fed has artificially stimulated like stocks and commdities for an example!
thestatedtruth.com | January 23, 2011
We probably all grew up watching Jack LaLanne on TV….. Jack LaLanne, who died Sunday at age 96 at his home in Morro Bay, Calif., opened a string of gyms in the 1930s and went on to host “The Jack LaLanne Show,” syndicated nationwide. Cheerful and distinctively dressed in a jumpsuit and ballet slippers, Mr. […]
thestatedtruth.com | January 23, 2011
Why not just give them all to UPS (United Parcel Service) and Fed Ex….Presto, they would get it figured out in a nanosecond! But lets remember who we’re dealing with here….Because it’s the government, this could cost many millions of dollars, require multitudes of committees and take years based on the past history of similar decisions. The U.S. Postal Service is […]
thestatedtruth.com | January 23, 2011
It looks like the calm before another storm created by CRE loans in the next 3 years. We know vacancy rates remain high and we know values have not recovered. LTV ratios look to be very tight for many a bank CRE loan. As mentioned below, we crescendo in terms of CRE loan maturities between now and 2013. […]
thestatedtruth.com | January 23, 2011
By Michael Mandel Jan 23, 2011 This chart shows median weekly wages for full-time wage and salary workers, adjusted for inflation, and indexed to 2000 (the data comes from the BLS  â€usual weekly earnings†series). There are three things to take away from this chart. *First, the wage gap between holders of advanced degrees and […]
thestatedtruth.com | January 23, 2011
We have followed Clif Droke for a number of years, and his record with the Kress Cycles is one step ahead of most others. The Kress cycles will take on the financial markets, and by extension the economy from 2012-2014. This will come as a shock for the most optimistic observers. The final “hard down†phase of the […]
thestatedtruth.com | January 23, 2011
Ireland is out to make things interesting, with a sledge hammer……and everyone thought Europe’s problems were going away! Hmm! The BBC has just reported that the Irish Green party has pulled out of the ruling coalition with Fianna Fail which is “expected to bring forward the general election from 11 March.” In other words suddenly […]
thestatedtruth.com | January 23, 2011
So, 5% of the New York state public work force will just go away……California should hope to be so lucky. Headline: N.Y Governor Cuomo Weighs More Than 10,000 Layoffs New York Gov. Andrew Cuomo is weighing plans to lay off more than 10,000 government workers, rivaling the number of pink slips handed out by his father a […]
thestatedtruth.com | January 22, 2011
From John Mauldin’s “Thoughts From The Front Line” As this budget cutting works its way through the economy, and as inventories are no longer being built (they are already at adequate levels), the growth from the current stimulus (both QE2 and payroll and federal government expenditures) the economy will have to stand on its own […]
thestatedtruth.com | January 21, 2011
Jerry Brown, California’s governor, declared a state of fiscal emergency on Thursday for the government of the most populous US state to press lawmakers to tackle its $25.4 billion budget gap. The 72-year-old governor also wants the legislature to back a ballot measure for a special election in June that would ask voters to extend […]
thestatedtruth.com | January 20, 2011
A chart is worth a thousand words, or a couple hundred billion in real, incremental dollars. This is why things have been getting (slightly) better of late, but when it ends…not if, look out below. 2012-2014 look to be very tough years, if we survive the end of the Mayan Calender (Dec 21,2012) that is! www.zerohedge.com
thestatedtruth.com | January 20, 2011
Hmm…They’re really getting serious about this. These pensions will never survive in the current form. Only a matter of time! Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. […]
thestatedtruth.com | January 20, 2011
By Al Yoon NEW YORK (Reuters) – Home prices fell for the 53’rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow. Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered […]
thestatedtruth.com | January 20, 2011
Stratfor’s Annual Forecast ….Here are some examples of this year’s themes: – The U.S. is unlikely to withdraw from Iraq as promised in 2011. – The U.S. economy will grow. – In Europe, more countries will need bailouts. – Russian-German relations will strengthen. – Japan will rot, but it will rot in seclusion. Here are […]
thestatedtruth.com | January 20, 2011
Bad seats, hey buddy!  Buried in the thousands of pages of the new health bill is this little gem….. “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains […]
thestatedtruth.com | January 19, 2011
This is a key story: There were a record low number of housing completions in 2010, breaking the record set in 2009. Â In 2010, 1 to 4 unit completions were at a record low 506 thousand. This was just below the 534 thousand units completed in 2009. This is far below the previous record […]
thestatedtruth.com | January 19, 2011
The bill to repeal Obamacare just passed the House, easily by a vote of 245-188. Now it goes to the Senate, where Harry Reid says it won’t come up for a vote.
thestatedtruth.com | January 19, 2011
ICI data for the week ended January 12 showed domestic equity fund  inflows of $3,765 million following last week’s outflow of $4,229. This is the largest inflow going back to 2009. Bond fund flows in everything but Munis were positive. Non-taxables saw another whopper of an outflow, this time for a total of $2.4 billion. […]
thestatedtruth.com | January 18, 2011
An idea whose time has come! We would ordinarily say “send a letter to your congressman”, but they’re in a self serving mode with these entitlements, so let’s send this to everybody else that you can think of! Many citizens have no idea that members of Congress retire with the same pay after only one term, […]
thestatedtruth.com | January 18, 2011
Dr Joe Duarte has a good feel for this…..With states cutting budgets across the board, where is the growth going to come from? In San Diego an interesting fight between the city and its unions is developing that could set the stage for how things work out in other places with similar problems. According to […]
thestatedtruth.com | January 18, 2011
This morning, we see Britain’s consumer price index grew in December to an annualized 3.7%. Fuel prices are growing at their fastest pace since July, and food prices are rolling at a rate last seen in May 2009. Like the U.S. Federal Reserve, the Bank of England has an inflation “sweet spot†of 2%. But Britain’s […]
thestatedtruth.com | January 18, 2011
We’ve been talking about this for a while here at TheStatedTruth.com …….. U.S. public pensions face a shortfall of up to $2.5 trillion, yes trillion.  It will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund. “States face cost pressure, most prominently […]
thestatedtruth.com | January 17, 2011
This read actually makes a lot of sense, and it takes the government out of the picture. We would add one more thing….. that is for most mortgages to be assumable like they used to be. The negative short term draw back is that like everything the government gets involved with, once they leave, there will […]
thestatedtruth.com | January 16, 2011
thestatedtruth.com | January 16, 2011
Expected tomorrow…. “Approximately 40 politicians” will be included in the next WikiLeaks release. The list will include “high net worth individuals, multinational conglomerates and financial institutions – hedge funds”.  They are said to be “using secrecy as a screen to hide behind in order to avoid paying tax”. They come from the US, Britain, Germany, Austria and […]
thestatedtruth.com | January 15, 2011
Wikipedia is 10 years old!  The site is currently the fifth-most visited Website on the Internet, with about 400 million people visiting each day, looking up information on just about anything — science, math, languages, art, culture, company histories and entries on sports.  What is extraordinary about this free encyclopedia, which contains more than 17 […]
thestatedtruth.com | January 14, 2011
TopRetirements.com gave the most weight to three criteria: taxes, fiscal health and climate. Each of these factors is important, generally speaking, to retirees. On the financial front, high taxes can eat away at limited incomes, while poor fiscal health can force state governments to raise revenue or cut services. A warm climate is a natural […]
thestatedtruth.com | January 14, 2011
Wow! How is it possible that we collectively seem to have forgotten this clear warning? It appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught.  “As we peer into society’s future, we – you and I, and our government – must avoid the impulse to live […]
thestatedtruth.com | January 14, 2011
This may happen, but one would think it is more likely to be the by product of a devastating earthquake. California has more risk of catastrophic storms than any other region in the country – even the Southern hurricane states, according to a new study released Thursday. The two-year study by the U.S. Geological Survey is the most […]
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