Baltic Dry Index…A Sinking Ship
thestatedtruth.com | August 6, 2013
Reviewing the overall global trade activity, the Baltic Dry Index shows we remain in record low territory. The global economy is moving at stall speed…. www.kingworldnews.com
U.S. Housing Rents Hit Record Highs As Homeownership Falls To 18 Year Lows!
thestatedtruth.com | July 30, 2013
Never say things can’t get worse… Murphys Law says otherwise. According to the latest quarterly homeownership data released by the Census Bureau, the raw homeownership rate of 65.0% was unchanged from last quarter and 0.4% lower than a year ago. And on a seasonally adjusted basis the percentage of Americans who have a house declined […]
Home Ownership Rates Continue To Fall
thestatedtruth.com | April 30, 2013
The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low. It now sits at 65% which is it’s lowest rate since 1995! www.zerohedge.com
The Rich Get Richer, And ….Well, You Know The Drill
thestatedtruth.com | April 23, 2013
It’s now a rich mans world, but it wasn’t always this way! As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% […]
Is The System Rigged Or Is It Just Magic…It’s Your Call!
thestatedtruth.com | April 21, 2013
The U.S. GDP Will Be Revised Higher By $500 Billion Following Addition Of “Intangibles” To Economy Those who have been following the US debt to GDP ratio now that the US officially does not have a debt ceiling indefinitely, may have had the occasional panic attack seeing how this country’s leverage ratio is rapidly approaching […]
Retirement Market Assets Are Looking Much Better…But We Have A Long Way To Go
thestatedtruth.com | March 8, 2013
Hmm….the average working age person has only about $79,651 saved up for retirement. That works out to about $416 per mounth of retirement payout if retiring at age 62. ICI recently released their retirement plan data through Q3 of 2012. The chart of the day shows the real (inflation adjusted) total retirement market assets per working age citizen […]
The Consumer Appears Taped Out As Income Dropped By The Most In 20 Years…At The Same Time A Trap Door Just Opened, Taking The Savings Rate Back To 2007 Levels
thestatedtruth.com | March 1, 2013
How do we define austerity? Quit simply we think it means that out into the future… “we’re all going to be poorer”. This sets up a bad game, and looking at the view of the field, it really doesn’t look anything like the ticket they sold us……more specifically, we have “bad seats, hey buddy…front row behind a pole, and we just sat […]
A Trillion Here And A Trillion There…. And Pretty Soon You’re Talking Real Money
thestatedtruth.com | February 27, 2013
In some cases, a picture is worth a thousand words….in this case, we’re in the trillions. www.jsmineset.com
Social Security In An (Empty) Nut Shell
thestatedtruth.com | January 13, 2013
10,000 Boomers turn 65 years old every day. Here is how it looks on a chart. Empty nut shells piled high for the old folks…. These costs will be exceeding $1 trillion per year in the near future. Meanwhile, the number of workers per retiree will continue to fall as it has for decades. In 1945 there were […]
Life Expectancy Chart Is A Shocker For The U.S.
thestatedtruth.com | January 13, 2013
Here are some interesting numbers on life expectancy from different countries around the world….2007 being the most recent data used in a number of studies.
It’s Raining Foodstamps…..
thestatedtruth.com | December 9, 2012
How about that! Just over a mind-boggling 50 million Americans are living in absolute poverty while collecting the $134.29 average monthly benefit per person. Here’s a fictitious account of how food stamp day might go……..No time to work just got hooked up for some free money, gotta go wait in that long food stamp line, it goes down the […]
Babys Are(n’t) Us….U.S. Birthrate Hits Record Low
thestatedtruth.com | November 30, 2012
Pretty stunning news…..and what does this mean, it means slow or no growth in the economy for many many years. Oh, and the chart below explains how much government assistance the baby boomers are reliant on, and it becomes worse with the working population slowing, not growing. The U.S. birthrate fell to a record low last year, coming in […]
Post Office Shrink Wrap….
thestatedtruth.com | November 15, 2012
The U.S. Postal Service (USPS) uses $250 million per day to operate and had a total of 607,400 employees as of October. This was the lowest number of total employees for the non-profit ( loss-driven) government run entity since the 1960s! Perhaps more interesting (but not surprising) is that USPS employees peaked at over 900,000 back in 1999!
The Food Stamp Line Goes Down The Street And Around The Corner…..
thestatedtruth.com | November 10, 2012
The USDA delayed until Friday night its release of food stamp data for August. A quick glance at the number reveals 47.1 million recipients, which was a new all time record. The monthly increase of 420,947 from July was the biggest monthly increase since last year. www.zerohedge.com
Looks Down Right Scarey!
thestatedtruth.com | October 27, 2012
Median U.S. household incomes have been stagnant for most of the last twenty years…and falling hard for the last four years. But…..the top 10% and the top 1% earners have risen dramatically! www.mauldineconomics.com
Here’s One For The Road…Who Is – The Worlds Biggest Hedge Fund….And No It Isn’t Bridgewater, Which Is Second On The List
thestatedtruth.com | September 30, 2012
Wow, this is really unbelievable. Truly, it’s unbelievable! You’ll never guess the name that controls the worlds biggest hedge fund. Chances are good that nobody will get this one right! The world’s largest hedge fund is not located in the top floor of some shiny, floor-to-ceiling glass clad skyscraper in New York, London, Hong Kong or Shanghai. Instead […]
This Review Of Personal Earnings And Savings Goes Hand In Hand With Rising Entitlements. It’s Called The New Normal And It’s A Rut.
thestatedtruth.com | September 25, 2012
Savings….The average American says, what savings? The main reason for the recent surge in consumer “confidence” in September was the near record surge in sentiment for those making $15,000-$25,000, which soared from 43.5 to 62.4 in the month, the most since April 2009. And whether this was due to their forecast of the future, and expectation […]
U.S. Climate Update: Warmest 12 Months On Record
thestatedtruth.com | July 16, 2012
Well, we know it’s a hot subject pun intended, so we’ll just say records are made to be broken…. The Northern Hemisphere just experienced the all-time warmest June on record, at 2.34°F above average. The average temperature for the contiguous U.S. during June was 71.2°F, which is 2.0°F above the 20th century average, contributing to a record-warm first […]
Consumer Credit Soars Most In 10 Years
thestatedtruth.com | May 7, 2012
Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]
Oil Usage And Alternatives Will Change As The Price Of Oil Rises
thestatedtruth.com | April 11, 2012
Many Pension Plans Are Buried In A Constant State Of Unrealistic Optimisom – But Now They Need To Get Real!
thestatedtruth.com | April 10, 2012
So…the real question is how do we fix this? As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]
Energy: Gasoline Refineries, Not An Oil Shortage Is The Problem
thestatedtruth.com | April 10, 2012
Oil refineries are closing all accross the United States with nearly half the refining capacity on the U.S. east coast set to disappear …so of course it’s no wonder gasoline prices are pushing all time record prices. Chart Courtesy Inteldaily.com (Added by EconMatters) We now have half the refining capacity on the U.S. east coast set to […]
Tricky Numbers Tell The Real Story
thestatedtruth.com | April 6, 2012
The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. www.zerohedge.com
The Rankings Are In…
thestatedtruth.com | April 3, 2012
Nurses rank highest, and members of Congress and Lobbyists rank lowest along with Car Salesmen, for honesty and ethics. If you’re surprised, raise your hand! Nope, I don’t see any hands, just as I thought.
Records Are Made To Be Broken…
thestatedtruth.com | April 2, 2012
Foodstamp usage for January is virtually unchanged at 46.5 million recipients. The actual number of recipients declined by a whisper, while the number of households receiving some sort of benefit increased to a new record of 22.2 million. www.zerohedge.com
Rich Man… Poor Man
thestatedtruth.com | March 30, 2012
So, this is how things looked at the top of the real estate and stock market….how do you think they look now? We’re thinking not any better for the average person.
Bad Seats, Hey Buddy!
thestatedtruth.com | March 19, 2012
We want the red line to be below the black one…or we’re in trouble. But as everyone can see, the red line looks like a bean stalk and is growing to the sky!
Can You Name This Tune…Er Bubble?
thestatedtruth.com | March 12, 2012
Hmm…This one’s easy, it’s student loans! Just a freckle short of a trillion dollars!
U.S. Budget Deficits
thestatedtruth.com | March 12, 2012
U.S. Budget Deficits – A picture is worth um, $580 billion, here’s why… in the first 5 months of the fiscal year, the U.S. has racked up $580 billion in deficits,
Less Stress….
thestatedtruth.com | March 10, 2012
Stress and fear in the system is receding….for the time being. www.ingerletter.com
Consumer Credit Explodes $17.8 Billion While Student Loan Debt Sprints To All Time New Highs
thestatedtruth.com | March 7, 2012
They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever! Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]
Maybe The E-Trade Baby Will Throw Cheeri-O-s At The Bonus Baby
thestatedtruth.com | March 6, 2012
Bonus time…or maybe not! Bankers and Wall Street listen up…The O in cheerios stands for zero bonus! Capice! www.zerohedge.com
Food Stamp Participation
thestatedtruth.com | March 2, 2012
As of December, per SNAP (Supplemental Nutrition Assistance Program) this number just hit another record high of 46.5 million, an increase of 384,000 in one month, an increase of 2.4 million for the year 2011 (about as many as have dropped out of the Labor force, hmmmm), and 14.3 million since Obama took office. The food stamp program, […]
Just In: The Latest Housing Data From CoreLogic
thestatedtruth.com | March 1, 2012
Housing Tid Bits….. The latest quarterly report out of CoreLogic is full of insights about the state of U.S. housing. Key among them is that “negative equity and near-negative equity mortgages accounted for 27.8 percent of all residential properties with a mortgage nationwide in the fourth quarter, up from 27.1 in the previous quarter. Nationally, the total […]
Looks Like Quicksand…But It’s Really Quickcement
thestatedtruth.com | February 29, 2012
So, how do we do it…deleverage we mean? Uh, well, we need to spend less on cars and gas, and food, and housing and…healthcare, and buy less other things, and save more – oh, sorry about that last one, nothing left to save….. From Today’s Bloomberg Brief: The slow pace of deleveraging will continue to weigh on growth over […]
Gasoline Prices Are Pedal To The Metal……
thestatedtruth.com | February 28, 2012
Here’s the scoop on gasoline (these charts go back to 1991)….prices are moving to the upside rapidly while demand is falling. Hmm Oh, and it’s official… gas prices have set an all time record for the month of February.
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