thestatedtruth.com | May 10, 2010
Tyler Durden   05/10/2010  Morgan Stanley’s Stephen Roach spoke with Bloomberg’s Tom Keene earlier, pointing out the most troubling statistic about recent market activity, which has to do with both the frequency and amplitude of catastrophes: “The crises are coming with greater frequency. Over the last 25 years we have had an average of one […]
thestatedtruth.com | May 7, 2010
Risks associated with the fiscal deficits. And by the way, we should note that 25 of 27 European countries are running deficits in excess of 3% of GDP. Ireland has a deficit of 14.3%. Portugal is at almost 10%. Greece is almost 14%. Here is a table from Variant Perception in London, from data from […]
thestatedtruth.com | May 7, 2010
The solution is the problem. “Main Street is in the hands of a Roulette Wheel.”  The name of the “Roulette Wheel” is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel’s foolish political […]
thestatedtruth.com | May 2, 2010
Here are the comparisons of the Exxon Valdez tanker spill vs. the Deepwater Horizon well blowout…………..If the 25,000 barrel-a-day estimate is accurate (it may turn out to be conservative) and the leak lasts for 90 days, that would total 2.25 million barrels, or 94.5 million gallons vs. 11 million gallons for the Exxon Valdez tanker disaster. The […]
thestatedtruth.com | March 9, 2010
China’s Challenge March 9, 2010 | 0958 GMT  By Jennifer Richmond and Rodger Baker China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable […]
thestatedtruth.com | March 9, 2010
SULTANS OF SWAP:  Fearing the Gearing! Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies – but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of […]
thestatedtruth.com | March 3, 2010
The middle class is finding itself struggling to keep what was once seen as staples of a burgeoning working class in our country. Part of this battle has come from a system that has rewarded easy finance on the backs of the working class. Take for example residential real estate. For decades, this was probably […]
thestatedtruth.com | March 3, 2010
NY State Cuts Revenue Estimate By $850 Million Posted March 3, 2010 NEW YORK (Reuters) – New York Governor David Paterson and the state legislature have agreed to reduce their revenue forecast by $850 million for the next 13 months, a state report said on Tuesday. The Democratic governor in February cut $750 million from […]
thestatedtruth.com | March 3, 2010
Indiana Puts 17th Notch In Revenue Shortfall Belt By Eric Bradner Posted March 2, 2010 at 11:45 p.m. INDIANAPOLIS — Indiana now has had 17 consecutive months of bad fiscal news. The latest revenue report on Tuesday showed the state took in $85.5 million less in taxes in February than was predicted less than three […]
thestatedtruth.com | March 3, 2010
The Los Angeles Unified School District’s board voted Tuesday to send notices of possible layoffs to nearly 5,200 teachers and other workers while urging union leaders to negotiate concessions that could make some of the cuts unnecessary. Members on Tuesday discussed cutting the pay of its nearly 40,000 full-time workers and shortening the school year […]
thestatedtruth.com | March 3, 2010
Heather Knight, Chronicle Staff Writer Wednesday, March 3, 2010 More than 15,000 San Francisco city workers across all departments will receive layoff notices Friday, and most of them will have the option of being rehired to work a shorter week, Mayor Gavin Newsom said Tuesday. Newsom’s controversial plan to help reduce the city’s $522 million […]
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 […]
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