thestatedtruth.com | February 17, 2010
U.S. vs. China: A dangerous phase has begun ……China is a formidable adversary whose ultimate strength is not its military hardware but its economic prowess, and whose diplomatic weapon is not saber rattling but great patience.  By Martin Jacques / February 17, 2010 The spats between the United States and China appear to be getting more […]
thestatedtruth.com | February 11, 2010
A Cautious Bernanke Finally Gets It Right By: Rick Ackerman, Rick’s Picks  — Posted Thursday, 11 February 2010 Rick’s Picks Thursday, February 11, 2009 “Phenomenally accurate forecastsâ€Â  The stock market often swings wildly on insignificant news, but yesterday Wall Street appears finally to have taken some real news in stride, flatlining in response […]
thestatedtruth.com | February 9, 2010
Traders Make $8 Billion Bet Against Euro Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency. Figures from the Chicago Mercantile Exchange, showed investors had increased their positions against the euro to record levels in the week to February 2. The build-up […]
thestatedtruth.com | February 9, 2010
     Russia Vows to Defend Rights              Czarist Creditors Seek Lawsuit By Helene Fouquet and Lyubov Pronina  Feb. 9 (Bloomberg) — The Russian government vowed to defend our rights after French holders of czarist bonds valued at as much as 100 billion euros ($137 billion) threatened to sue the Kremlin and seize property it […]
thestatedtruth.com | February 8, 2010
In the past few decades Americans have seen more and more of their income being eaten up by the housing sector of the economy:
thestatedtruth.com | February 8, 2010
The fall of great empires have one thing in common……Too much debt!    America presents unsettling parallels with the disintegration of Rome – a decline of moral values, a loss of political civility, an overextended military, an inability to control national borders, and a growth of fiscal irresponsibility by the central government. Do these sound familiar?  […]
thestatedtruth.com | February 8, 2010
This summary from John Mauldin’s “Outside The Box”, is from Simon Hunt, based in London. Simon travels to China many times a year, is an authority on copper and the Long Wave theory of cycles. Points below are summarizd and well taken in my view.   In summary, global economic recovery will disappoint as set out […]
thestatedtruth.com | February 7, 2010
U.S. Shoppers Splash Out On Luxury By Jonathan Birchall in New York Published: February 7 2010 More prosperous American shoppers seem to be defying continuing high unemployment levels and economic uncertainty to renew their spending on luxuries such as jewellery, fashion and cosmetics. That is the picture emerging from the current round of US earnings […]
thestatedtruth.com | February 6, 2010
The emperor has no clothes……….. Like millions of American households, the Mortgage Bankers Association found itself stuck with real estate whose market value has plunged far below the amount it owed its lenders. On Friday, CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA’s 10-story headquarters […]
thestatedtruth.com | February 6, 2010
Hmm……secret summit of top world bankers in Australia. We’ll hear more on this next week.   Secret summit of top bankers By George Lekakis and Fleur Leyden From: Herald Sun February 06, 2010 12:00AM World’s top bankers fly in To meet at secret location Trouble on the horizon THE world’s top central bankers began arriving […]
thestatedtruth.com | February 5, 2010
Measures Of Real Output Here we review a number of measures of real economic output that are distinct from FIRE Economy measures. Total rail traffic in the U.S. in 2009 was below 2008 levels, and trended down into the 4th quarter of 2009 as during 2008, curiously in a quarter when GDP numbers were robust. […]
thestatedtruth.com | February 4, 2010
Beware China……..away we go.   China’s currency reserves grew by more than the gross domestic product of Norway in 2009. Could end badly, the challenge for China alone is like trying to park an Airbus A-380 super-jumbo in a Volkswagen. Like all pyramid schemes, there’s no easy end in sight and things could end badly. If […]
thestatedtruth.com | February 4, 2010
Stocks, Metals Plunge as Dollar Gains on Debt, Jobs Concerns By Rita Nazareth and Gavin Serkin Feb. 4 (Bloomberg) — Stocks plunged around the globe, with the MSCI World Index dropping the most in four months, and metals tumbled on concern an unexpected increase in U.S. jobless claims and growing sovereign debt will derail the […]
thestatedtruth.com | February 2, 2010
Gene Inger’s Daily Briefing . . . for Wednesday February 3, 2010:  Good evening;  Is China trying to ‘buy’ . . .their way into a power posture vis-à -vis the U.S.A.? It’s a question that has dogged us all through the financial crisis domestically. Why would a smart crowd, even knowing (as our forecast […]
thestatedtruth.com | February 1, 2010
Gene Inger’s Daily Briefing . . . for Tuesday February 2, 2010: Â Good evening; Â Â A defined surge . . . by the Senior Averages on Monday was not unexpected for the early February start. However; the reigns were actually pulled-back on this express to the upside, even as it appears the move was […]
thestatedtruth.com | February 1, 2010
When in doubt: create another derivative. Insurers now want to be protected against people living longer. According to The Wall Street Journal: “Eight investment banks and insurers have come together to develop an organized market to help them spread the financial risks and costs of an aging society more widely. The Life and Longevity Markets […]
thestatedtruth.com | January 31, 2010
U.S. Beefs Up Military Presence Off Iranian Shores Sun, 31 Jan 2010 08:50:31 GMT In addition to imposing new sanctions on the Tehran government, the US has reportedly begun beefing up its military presence and war paraphernalia off the Iranian coast. US military officials told AP on condition of anonymity that Washington has taken silent […]
thestatedtruth.com | January 31, 2010
U.S. speeds up arms buildup with Gulf allies Initiatives with Arab nations, military aimed at thwarting Iran attacks By Joby Warrick Washington Post Staff Writer updated 3:37 p.m. MT, Sat., Jan. 30, 2010 DUBAI, UNITED ARAB EMIRATES – The Obama administration is quietly working with Saudi Arabia and other Persian Gulf allies to speed up […]
thestatedtruth.com | January 29, 2010
We have many more people simply trying to stay afloat let alone pursuing the middle class ideal. Over 37 million Americans are now part of the food stamp program, not only is this the highest number ever but also the highest percentage of Americans ever to be on food assistance:  More at : http://www.mybudget360.com/
thestatedtruth.com | January 25, 2010
Lessons from the Panic of 1907 by Clif Droke January 25, 2010 In their timely look at the panic of 1907, Robert Bruner and Sean Carr focus attention on what they believe to be the underlying causes of the ’07 stock market crash and recession, drawing parallels between it and the credit crisis of more […]
thestatedtruth.com | January 24, 2010
Latin America To Meet On New Currency Sun, 24 Jan 2010 08:40:07 GMT Latin American presidents have organized a meeting to take a step to ‘break’ their dependence on US dollar in regional financial transactions. Venezuelan President Hugo Chavez said on Saturday that the leaders would meet Monday in Caracas. “We’ll have a very important […]
thestatedtruth.com | January 22, 2010
Quarterly Review and Outlook – Fourth Quarter  Hard Road Ahead The U.S. is facing a long and difficult road as it attempts to correct the over-indebtedness and wasteful expenditures of the past two decades. Both current and historical research help us to understand where we are in the continuing economic crisis, and to put […]
thestatedtruth.com | January 22, 2010
By Paul Merrion, Greg Hinz and Steven R. Strahler  Jan. 18, 2010 As Illinois’ fiscal crisis deepens, the word “bankruptcy” is creeping more and more into the public discourse.”We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency,” says Laurence Msall, president of the Civic […]
thestatedtruth.com | January 21, 2010
By John Gittelsohn Jan. 21 (Bloomberg) — More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending. The investments will pay off for the builders and their investors if the prices are low enough and the locations are in areas where demand […]
thestatedtruth.com | January 21, 2010
  China: Lending Restrictions and Beijing’s Predicament Stratfor Today | January 20, 2010 | 1808 GMT Liu Mingkang, head of the China Banking Regulatory Commission (CBRC), said in an interview Jan. 20 that several Chinese banks had been asked to restrain their lending after proving to have inadequate capital reserves. Chinese media reports claimed […]
thestatedtruth.com | January 21, 2010
By Nicholas Johnston and Julianna Goldman Jan. 21 (Bloomberg) — President Barack Obama, tapping into voter anger over bank bailouts, called for limiting the size and trading activities of financial institutions as a way to reduce risk-taking and prevent another financial crisis. The proposals, to be added to an overhaul of regulations being considered by […]
thestatedtruth.com | January 21, 2010
Gene Inger’s Daily Briefing . . . for Friday January 22, 2010:  Good evening;  Bloody murder . . .may be screamed by some financial institutions (mostly in the so-called ‘too big to fail’ crowd) in the wake of already-brewing moves against quick resumptions of their old tactics, in trading but while withholding lending, […]
thestatedtruth.com | January 20, 2010
Airline Revenue: Worst Drop Ever By Ben Rooney, staff reporterJanuary 20, 2010: 1:05 PM ET NEW YORK (CNNMoney.com) — The airline industry suffered its largest drop ever in passenger revenue last year as a weak economy grounded many would-be travelers, an industry group said Wednesday. The Air Transport Association of America said total passenger revenue […]
thestatedtruth.com | January 17, 2010
Just think about the bailouts and which companies were saved. We ended up bailing out the worst performing and troubled companies thus keeping alive companies that should have completely failed. Did we bail out Google? Proctor and Gamble? Of course not. These companies actually produce something that people want. Banks and especially the Wall Street […]
thestatedtruth.com | January 16, 2010
Newest GEAB N°41 Is Available! The Decade 2010 – 2020: Knockout Victory By Gold Over The Dollar  – GEAB N°41 (January 16, 2010) – The US Federal Reserve is no longer able, in reality, to continue its multi-decade combat against the « barbarous relic » in order to guarantee the supremacy of the US […]
thestatedtruth.com | January 16, 2010
Comstock Partners, Inc. Recovery or Recession? January 2010 Bombarded by a constant stream of primary, secondary and tertiary economic statistics being released daily with a highly positive spin in the financial media, investors need to be reminded that the numbers that really count indicate an economy still in a deep rut. Let’s take a look at […]
thestatedtruth.com | January 16, 2010
The SHEER SIZE of the US government’s debt hasn’t put off new bond buyers so far in 2010. You’ve got to wonder what kind of news – or debt – it might take to deter them In just two days this week, the Treasury issued $61 billion in new debt – twice as much money […]
thestatedtruth.com | January 15, 2010
Markets Not Facing ‘Reality’Â Â Â Jan 15, Â 2010Â Financial markets have failed to price in the remaining problems that bedevil a long-term economic recovery, Pimco’s Mohamed El-Erian told CNBC. Inconsistencies that the market faces include the tax on bailed out banks that President Obama announced Thursday and its effects on their ability to lend; long-term […]
thestatedtruth.com | January 14, 2010
thestatedtruth.com | January 14, 2010
 THE PROBABILITY OF A CRISIS WILL BUILD DURING 2010  January 2010 So says the team of equity analysts at Barclays.  Although policymakers helped avoid the second Great Depression, Barclays believes we have simply kicked the can down the road. As their head of U.S. equity strategy said in November, the likelihood of Japanese […]
thestatedtruth.com | January 14, 2010
Real Estate Bull Laub Sees Unprecedented Workout From Bad Debt By Beth Williams and Stuart Bern   (Bloomberg) — Kenneth Laub has been through three commercial real estate boom and bust cycles during almost five decades as a broker and consultant to corporations such as Hess Corp. and International Paper Co. He says the current […]
thestatedtruth.com | January 14, 2010
Is It Written In The Stars?– Peter Brimelow devotes his column this morning to the latest projections from Arch Crawford. Crawford in case you didn’t know, bases many, in fact most, of his projections through the use of astrology. Brimelow noted that Crawford sees not just another crash this year but dramatic societal changes to go with […]
thestatedtruth.com | January 13, 2010
Gene Inger’s Daily Briefing . . . for Thursday January 14, 2010  Good evening;   Credit woes piling up . . . threaten to dose the optimism generated by a false rally in terms of the extension by the stock market. This will be felt (didn’t say may be felt) by a slew of […]
thestatedtruth.com | January 13, 2010
Elements That Rule The Globe Rare-earths are so-called because when they were first discovered in the 19th Century in Sweden, they were believed to be some of the most uncommon elements. But through further scientific discovery, rare-earths have been found to be relatively abundant in the Earth’s crust. However, the high cost of extraction means […]
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