thestatedtruth.com | September 8, 2010
The Federal Reserve said the U.S. economy maintained its expansion while showing “widespread signs of a deceleration†in mid-July through the end of August, according to a survey by 12 regional Fed banks. The New York Fed reported “signs of decelerating†in the district, including “further deceleration†in manufacturing. The Philadelphia region said business conditions […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
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Tags: fed banks, federal reserve, u.s. economy
thestatedtruth.com | September 7, 2010
Here is another government controlled project. These are unbelievable statistics. Simply beyond belief! Credit card debt peaked at $975 billion back in September of 2008 and is now down to $826 billion. Past and current students now carry a stunning $829 billion in student loan debt.   Fact:  You are not allowed to discharge student loan debt through bankruptcy. […]
Category: Commentary, Economy, Education and Schooling, National News, Tid Bits, Uncategorized, World News |
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Tags: college, college degree, college statistics, education, school, schools, university, university statistics
thestatedtruth.com | September 7, 2010
The problem with trying to put hupty dumty back together is much like a house of cards,  they both tend to fall apart in a heap.  While abundant liquidity in May and June served as an artificial prop to return European and PIIGS spreads to previous levels, it looks more like a mean reversion as algorythems took hold. The second time around […]
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thestatedtruth.com | September 7, 2010
So…….What’s going to happen here in the good old USA when, not if our congress gets around to this. Hint….. judging from the french reaction,  it won’t be pretty!  If you would like to know more about the demographic problem, just go to Categories on the left and click on Pensions and Retirement. There is plenty to read about on the […]
Category: Commentary, Economy, Finance, Inspirational, National News, Pensions and Retirement, Wall Street, World News |
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thestatedtruth.com | September 6, 2010
Have you ever wondered about which countries have the biggest gold reserves or are the largest producers of gold? Gold Atomic Number: 79 Symbol: Au Atomic Weight: 196.9665 Discovery: Known since prehistoric time Word Origin: Sanskrit Jval; Anglo-Saxon gold; meaning gold – also Latin aurum, shining dawn  Carats and carobs The word ‘carat’ (the measurement for gold purity) comes […]
Category: Charts and Graphs, Commentary, Commodities, Economy, Gold and Silver, National News, Pensions and Retirement, Personal Net Worth, Wall Street, World News |
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Tags: gold, gold holdings, gold mining, gold nuggets, gold producers
thestatedtruth.com | September 6, 2010
 “Fathom the odd hypocrisy that Obama wants every citizen to prove they are insured, but people don’t have to prove they are citizens.”             ~ Ben Stein
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Tags: paradoxical, Quote of the Day, thought of the day, thoughts
thestatedtruth.com | September 5, 2010
So even though we have nearly 8,000 banks, the bulk of the assets sit with a small number of banks and the Deposit Insurance Fund (DIF), the fund that backs the assets of the banks is actually in the red for $15 billion: www.mybudget360.com
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thestatedtruth.com | September 4, 2010
Without tax incentives, this may all be for not……..John Mauldin explains the simple facts of job growth…..Want to increase productivity and jobs? The best way it seems, is to encourage private business, and especially startups. “So we can’t count on the Intels or Microsofts to create employment: we need the entrepreneurs.”  Delta Force There are […]
Category: Charts and Graphs, Commentary, Economy, Finance, Inspirational, National News, Pensions and Retirement, Research, Technology, Wall Street |
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Tags: new companies, new startups, private startup;new businesses, small business
thestatedtruth.com | September 4, 2010
A must listen to interview with Jim Rickards about our economy and more.  We all need to be aware of the direction of things to come.   This interview from Jim Rickards will help in understanding these things better.  Click on the following link or paste into your browser:   http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/4_Jim_Rickards.html  Biography of James G. Rickards…..James G. Rickards is […]
Category: Audio Clips, Commentary, Commodities, Economy, Finance, Gold and Silver, Interest Rates, Bonds, National News, National Security, Pensions and Retirement, Real Estate, Wall Street, World News |
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Tags: Economy, everybody should listen to this, jim rickards, must listen too, new york stock exchange, stockmarket, wall st, Wall Street
thestatedtruth.com | September 3, 2010
Very interesting,  but also a worst nightmare for tax payers……….Under Pennsylvania law, Ambac Assurance (which insures some of Harrisburg’s debt) can take Harrisburg to court to seek an order to raise property taxes to pay debt. This is the nature of “full faith and credit†of general-obligation bonds. So the tax payers are stuck for the […]
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thestatedtruth.com | September 3, 2010
Bond Vs. Stocks…..Pension Allocations. Looks like bonds are priced to perfection here, so if re allocations take place in the next year like this report says, then the results may not be pretty. If interest rates have any kind of a kick to the upside a broad under performance could be setting up for retirement accounts. Hmmm, isn’t […]
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thestatedtruth.com | September 3, 2010
This from Art Cashin on the floor of The New York Stock Exchange On this day in 1666, a massive fire broke out in the city of London, England. It began in a bakery on Pudding Lane, which was on the East End (between London Bridge and the Tower). The fire raged into the shop […]
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thestatedtruth.com | September 2, 2010
Consumers are eschewing fixed-line alternatives for their cell phones, opting to keep connected to a single number whether they’re at home or in the car. www.dailyreckoning.com
Category: Charts and Graphs, Commentary, Economy, National News, Technology, Tid Bits, World News |
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Tags: cell phone, cell phone growth, cell phones
thestatedtruth.com | September 2, 2010
Key message here is….. for liquidity ratios, equity fund portfolio managers are at an all-time record low of 3.4%, down from 3.8% in June. Tack on the fact that there are less shorts to be covered – being that the market peaked in April, and short interest is now 4.3% of the S&P 500 market cap (in August 2008 it […]
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thestatedtruth.com | September 2, 2010
Key words here are…..”public debt had served for decades as the ultimate shock absorber — rising in bad times but not declining much in good times.â€Â Now things have to change as  the wealthiest nations face years of belt-tightening. International Monetary Fund Warns G7 on Debt Thursday, 2 Sep 2010 By: Sewell Chan The world’s most […]
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thestatedtruth.com | September 2, 2010
Crisis mode? Hmm…..their words not ours! ECB Keeps Key Interest Rate at 1%, May Maintain Crisis Mode By Christian Vits  Sep 2, 2010 The European Central Bank kept interest rates at a record low today and President Jean-Claude Trichet may signal the bank will stay in crisis mode into next year. The ECB’s Governing Council […]
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thestatedtruth.com | September 1, 2010
A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government. – Thomas Jefferson, Writings, 1743-1826 Â I predict future happiness for Americans if they […]
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thestatedtruth.com | September 1, 2010
This looks like the worst sales performance since the early 1980’s………If autos looked this bad then one would asume that housing should fare no better as consumers still have too much debt…..Here is a quote from Toyota, “We are bracing ourselves for the coming crisis.”.   Toyota Motor Corp., General Motors Co. and Ford Motor Co., […]
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thestatedtruth.com | September 1, 2010
Front Running the Fed September 1, 2010 “… the public is no longer investing in stocks, but rather in bonds. So far this year through July, bond mutual funds have attracted $224.4bn in net inflows including reinvested dividends.  Equity funds have attracted only $17.2bn ytd, with $32.2bn going into International funds while $15.0bn flowed out […]
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thestatedtruth.com | August 31, 2010
More then one in six Americans are currently on government anti-poverty programs and the number continues to rise. The chart is below. WASHINGTON — Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand. More than 50 million Americans are […]
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thestatedtruth.com | August 31, 2010
August 30, 2010 Record low temperatures for the day were set Monday in Long Beach and Santa Barbara amid cooler weather that has settled over Southern California, forecasters said. Long Beach recorded 58 degrees, breaking by one degree a record set in 1989, the National Weather Service said. Santa Barbara bottomed out at 48 degrees, […]
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thestatedtruth.com | August 31, 2010
Rethinking American Options on Iran August 31, 2010 | 0856 GMT  By George Friedman Public discussion of potential attacks on Iran’s nuclear development sites is surging again. This has happened before. On several occasions, leaks about potential airstrikes have created an atmosphere of impending war. These leaks normally coincided with diplomatic initiatives and were […]
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thestatedtruth.com | August 30, 2010
According to the Investment Company Institute (ICI), bond mutual funds have attracted more money than equity mutual funds for 30 consecutive months through June, the longest stretch in more than 23 years.
Category: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Outliers, Pensions and Retirement, Wall Street |
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thestatedtruth.com | August 30, 2010
News For Thought From Dr. Joe Duarte’s Market I.Q. Public Hospitals May Be A Thing Of The Past. According to The Wall Street Journal: “Faced with mounting debt and looming costs from the new federal health-care law, many local governments are leaving the hospital business, shedding public facilities that can be the caregiver of last resort.” […]
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thestatedtruth.com | August 30, 2010
Another fraudulent entity, this time it’s a state……The state of New Jersey’s most recent report said that as of June 2009, its pension funds should have assets of $112 billion to meet their future obligations, but have only $66 billion now — This is one of the largest shortfalls of its kind, and is known as an unfunded liability!  The state […]
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thestatedtruth.com | August 30, 2010
Interesting facts we haven’t heard of before! Â For the first time since at least 1997, fewer than 29 percent of ratings for stocks covered by brokerages worldwide are buys, according to 159,919 recommendations compiled by Bloomberg. Analysts are turning more pessimistic even as they push up estimates for profit growth among Standard & Poor’s […]
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thestatedtruth.com | August 30, 2010
The Daily Reckoning Presents                    AAA Ratings: A Grim Fairy Tale  How the ratings agencies have managed to emerge from the credit crisis unscathed and unregulated is a mystery…and a sham.”Nothing is ever clear or certain in public,” we wrote in The New Empire of Debt. “Every error is someone else’s fault. That is […]
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thestatedtruth.com | August 30, 2010
The Emperor, The Gladiator & The Lion August 30, 2010  The last surviving gladiator stood alone in the Coliseum as the crowd shouted approval of his victories. The emperor called for a lion. In bounded a fierce beast that loped to the gladiator. As it was about to pounce on him, the gladiator whispered […]
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thestatedtruth.com | August 29, 2010
Only three states had declining revenue,  Illinois revenue declined 7%, while Michigan’s collections fell 3.8%.  So, not sure just how this could happen, but….California, tax revenue declined 0.9%, despite 12% increase in income-tax collections, this according to the Rockefeller Institute.  Hmm    Best to remember it’s just one quarter and most state budgets are still busted.    Question: Inquiring minds want to […]
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thestatedtruth.com | August 29, 2010
Interesting to say the least….rare earth elemnts are used in almost everything that is high tech……. Bloomberg reports that China is cutting back 72% of its exports of Rare Earth metals.  China has said that environmental issues are the reason for the cutbacks. 72% drop in availability of any commodity is important. RE’s are important. Japan […]
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thestatedtruth.com | August 29, 2010
Some food for thought from George Friedman, CEO of STRATFOR, who believes China “will have a collapse†in the coming decade due to internal striff, an export based economy, and low internal rates of return,  It will set America up as the primary beneficiary in a new Golden Era. Mr. Friedman’s views are controversial but well worth listening […]
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thestatedtruth.com | August 29, 2010
Last week, the Liscio Report posted an interesting comment on their blog, Where we are?: Here’s an updated guide to “where we areâ€â€”how the U.S. economy is faring relative to the average of previous financial crises around the world. Though individual details vary, we’re following the script pretty well. In the graphs of four major […]
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thestatedtruth.com | August 29, 2010
Yep, this is a true fact….Lawmakers have changed the tax code more than 15,000 times since the last major overhaul in 1986. Unbelievable! The current income tax forms (other than the 1040 short form) are so complicated that the average educated person still needs a tax preparer to do their taxes. This new report from Paul Volcker proposes a […]
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thestatedtruth.com | August 29, 2010
By Todd Harrison of Minyanville Seeking Solutions In An Uncertain World We used to play for silver, now we play for life; ones for sport and one’s for blood at the point of a knife. –Grateful Dead We live in interesting times. During the last two years, a financial virus spawned and infected the economic […]
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thestatedtruth.com | August 28, 2010
This continues to be a hot subject and the problems continue to get worse. Question: Why should communities have to support bloted state and government pension and benefit plans that are guaranteed no matter what the loses are, and totaly out of control while the rest of the country in the private sector has to live with less because of loses to IRA’s and […]
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thestatedtruth.com | August 27, 2010
Here is a summary of parts of a Wall Street Journal article by California Governor Arnold Schwartzenegger on government pensions and employee benefit compensation. Roughly 80 cents of every government dollar in California goes to employee compensation and benefits. Spending on California’s state employees over the past decade rose at nearly three times the rate our […]
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thestatedtruth.com | August 27, 2010
By Brian Pretti on Fri, 27 Aug 2010Â Â Â The most important information in the Treasury International Capital flow stats concerns equities. Have a look at the chart below. To the point, the top clip of the chart is the twelve month moving average of foreign purchases of US equities. Clearly there is cyclical rhythm here. […]
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thestatedtruth.com | August 27, 2010
08/27/2010 The WSJ’s Simon Constable interviews Robert Shiller.  He says that an economic double dip may be “imminent.”  Shiller also believes that when the NBER looks back at the data, Q3 of this year will mark the beginning of the second dip of the recession. Ironically, since up to now the previous recession has never actually […]
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