The Lost Decade…..Glad That’s Over!
thestatedtruth.com | January 25, 2010
thestatedtruth.com | January 25, 2010
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
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
thestatedtruth.com | January 19, 2010
Credit cards are ubiquitous like air in the American economy. Virtually every American that can qualify for a credit card has one (or many) in their wallet. Credit card companies have flooded the market with millions of plastic rectangles that have now come back to bite many American consumers. If we rewind back to the […]
thestatedtruth.com | January 18, 2010
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 17, 2010
Some of you are probably not aware that the commercial real estate market has crossed a dreaded line in the sand. Commercial real estate (CRE) that includes apartments, industrial, office, and retail space is now performing worse than residential real estate. Not just by a little but by a good amount. While the CRE bust […]
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
U.S. retail sales fell unexpectedly in December, signaling restraint by consumers during the holiday season. In a separate report, inventories rose by more than forecast for December, helping to temporarily add to the economies recovery in the last quarter of 2009. Excluding car sales, all other retail sales in December fell 0.2% vs. an expected 0.3% […]
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
thestatedtruth.com | January 12, 2010
thestatedtruth.com | January 12, 2010
Bank of America  blew away the competition last year in the business of underwriting stock offerings by commercial real-estate firms. The secret of success: Bank of America leveraged its relationships with real-estate borrowers to generate a flood of investment-banking work, much of it handled by former Merrill bankers who decided to stick around after the […]
thestatedtruth.com | January 11, 2010
thestatedtruth.com | January 10, 2010
You wanna see 21 reasons why we’re not embarking on a new secular bull run, despite what you’ll read in the popular press? Check out the table below, courtesy of our friends at Gluskin Sheff: Click on the box below to enlarge……….. Thanks to…..http://www.minyanville.com/articles/todd-harrison-markets-minyanville-stock-finance/index/a/26255
thestatedtruth.com | January 10, 2010
Here are some comments from the Alan M. Newman Stock Market CROSSCURRENTS  Report out for January 2010…………….. On the hourly charts, there are a series of bottoms just above Dow 10,200 dating back to November 12th. When this level breaks, we should be on our way and accelerate down to anticipated support between 8100-8400. We do not see […]
thestatedtruth.com | January 9, 2010
John Mauldin’s  “Thoughts from the Frontline Weekly Newsletter” Those who are invested in the idea of a “V”-shaped recovery became excited over the jobs report last month. Unemployment rose by only 11,000 jobs, if you did not look at the underlying numbers or ignored the household survey. And the consumer confidence surveys have begun to rise. […]
thestatedtruth.com | January 7, 2010
If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of “exit strategies,†during which investors should consider economic fundamentals and asset markets that will soon be priced in a world less dominated by the government sector. […]
thestatedtruth.com | January 6, 2010
thestatedtruth.com | January 6, 2010
thestatedtruth.com | January 5, 2010
This chart speaks for itself………….. Despite an abysmal 10-years of zero wealth creation and zero job growth, betting on a second consecutive Lost Decade seems like a bad wager.  And yet, it happened in Japan… But let’s not dwell on the negatives so early in this promising New Year. Instead, let’s consider the potential positives – […]
thestatedtruth.com | January 4, 2010
 by RYAN J. PUPLAVA, CMT | January 4, 2010 It’s a new year, and for newsletter writers and portfolio managers it means the bar has been reset. It’s time to put on our thinking caps and make grandiose predictions for the year to come. After watching CNBC for three days last week, I found […]
thestatedtruth.com | January 4, 2010
Gene Inger’s Daily Briefing . . . for Tuesday January 5, 2009:  Good evening;  The stock market performed in stellar manner; particularly for small caps as is typical; and just the way we would prefer with regard to setting-up the next phase of market action; though it doesn’t have to quickly occur. Actually […]
thestatedtruth.com | January 4, 2010
OUTLOOK FOR ECONOMIC GROWTH AROUND THE WORLD Guild Investment In our opinion, stock market appreciation is a function of corporate profit growth. Corporate profit growth depends upon the industry or industries in which the company operates and the growth rate of the countries in which the company operates. A summary of the markets which we […]
thestatedtruth.com | January 4, 2010
The COT chart of the Dollar is linked below. It is extremely overextended internally and if any technical support levels get violated on the downside, a significant amount of long liquidation is going to occur. We got just a taste of that in today’s session as the Dollar came under strong pressure with year-end positioning now […]
thestatedtruth.com | January 3, 2010
thestatedtruth.com | January 3, 2010
thestatedtruth.com | January 3, 2010
Later Payments Are Jamming The Economy’s Gears               January 3, 2010                        By PHYLLIS KORKKI What’s one sign of a weak economy? People take longer to pay their bills. As a result, those who await payment have less money to pay their bills, and a cycle of slowness sets in, gumming up the economic works. […]
thestatedtruth.com | January 1, 2010
                 Index         P/E        Est. P/E    Div %  Price/Book   Price/Sales  Dow Ind 16.06 16.03 2.67   2.74x         1.33x  Dow Tran 29.60 38.66 1.76  2.25x        0.80x  Dow Util 12.89 13.10 4.21  1.59x        1.16x  S&P 500 22.16 17.61 2.06  2.21x        1.23x  Nasdaq 42.11 25.53 0.84  2.69x       0.20x Source: Bloomberg Key Interest […]
thestatedtruth.com | January 1, 2010
thestatedtruth.com | January 1, 2010
                        Could Commercial Real Estate Trigger A Double-Dip?   CHARLES HUGH SMITH  Reports that commercial real estate (CRE) is suffering from a double whammy of soaring vacancies and declining valuations have been making news recently with sobering regularity. DailyFinance addressed the risks that CRE meltdowns pose to banks in early December. And in […]
thestatedtruth.com | December 30, 2009
DECEMBER 31, 2009 Rules to Clarify Cost of Mortgages By JAMES R. HAGERTY Americans have long struggled with the complexities of shopping for home mortgages. Now Uncle Sam is trying to help. Federal rules that take effect Friday require mortgage lenders and brokers to give consumers better estimates of the barrage of costs they incur […]
thestatedtruth.com | December 30, 2009
From Ian Mathias The 5-Minute Forecast… “One good reason to guard your finances in 2010: The Federal Reserve’s balance sheet has quietly ballooned back to near-record highs. The Fed announced yesterday that it’s balance sheet expanded to $2.22 trillion last week, it’s grossest level in nearly a year and just a hair from an all […]
thestatedtruth.com | December 29, 2009
How Your Income Stacks Up  by Kevin McCormally Where do you rank as a taxpayer? You may not feel rich earning $35,000 a year, but you’re in the top half of taxpayers. Make $70,000, and you earn more than 75 percent of fellow taxpayers. Even as the Great Recession ends, we know the economic […]
thestatedtruth.com | December 29, 2009
The European Commission warns that public finances in half of the 16 euro-zone nations are at high risk of becoming unsustainable. Governments will spend the next year and beyond balancing the urgent need to fix public-sector debt and deficits — without imperiling what appears to be a feeble economic recovery. Even the staunchest optimists in […]
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