thestatedtruth.com | May 7, 2010
The Globe and Mail in Toronto put together a good visual (below) on how financially exposed the larger and stronger economies of Western Europe are to the region’s teetering nations. Think of all the turmoil caused by Greece – the external debt load of Spain and Ireland together is more than eight times greater.
thestatedtruth.com | May 6, 2010
If  True……….. According to ForexLive, a big error at a major trading firm caused today’s -1,000 point market crash, before staging a huge come back. ForexLive: “Major US bank had an order to sell $15 mln of S&P e-mini contracts.   Accidentally sold $15 bln…†Update: CNBC is now reporting that a trader entered a “b†for […]
thestatedtruth.com | May 5, 2010
Research Affiliates chairman, along with BlackRock’s Dennis Stattman, paint a gloomy picture of U.S. economy; prepare clients ‘to weather the storm’.  The U.S. economy could well be headed for another downturn and advisers should be helping clients find opportunities overseas and in alternative-asset classes, two well-known investment managers said Tuesday. Our basic problem as a […]
thestatedtruth.com | May 5, 2010
So what happens when you take away entitlements that the Greeks have had for years?……….We here in the United States should take notice, because our time is coming and it will forced upon us by those that own our debt, at the moment China sits high on that list.       By Maria Petrakis and Natalie Weeks […]
thestatedtruth.com | May 5, 2010
The government owned businesses are the only ones we’ve ever heard of that will never break even or make money, but still manage to stay around, even though they have a monopoly on things.  By Lorraine Woellert May 5 (Bloomberg) — Freddie Mac, the mortgage-finance company in government conservatorship, said it will need $10.6 billion […]
thestatedtruth.com | May 4, 2010
Interesting musings from the Inger Letter’s Gene Inger……………this is one bizarre report regarding international intrigue and the Gulf of Mexico oil disaster. The White House ordered a news blackout on the story!  There is a circulating story about what really happened in the Gulf of Mexico; which we would give no credence to at […]
thestatedtruth.com | May 3, 2010
As of today, over 7 million current mortgage holders are 30+ days late or in some stage of foreclosure. This is at peak levels. And part of the reason why after 27 months of this recession and trillions in bailouts to Wall Street and banks, not much has changed on the housing front. Wall Street […]
thestatedtruth.com | May 3, 2010
Commercial real estate pushes $7.4 billion in FDIC Losses in one day – Hard to hear the CRE collapse with investment banks finally being called out in the court of public opinion. $3 trillion CRE market will keep Fridays busy for the FDIC.  Posted: Mon, 03 May 2010 The $3 trillion commercial real estate […]
thestatedtruth.com | May 3, 2010
 By Brian K. Sullivan May 4 (Bloomberg) — The 2010 Atlantic hurricane season may rival some of the worst in history as meteorological conditions mirror 2005, the record-breaking year that spawned New Orleans- wrecking Katrina, forecasters say. The El Nino warming in the Pacific is fading and rain is keeping dust down in Africa, […]
thestatedtruth.com | May 2, 2010
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 | May 2, 2010
The information on this week’s bank closings is staggering. The FDIC announced seven closings as of April 30, 2010, at 9:00 pm EST. The seven banks’ combined assets amount to $25.83 billion. They had combined deposits of $19.61 billion. The FDIC is projecting losses of $7.33 billion in connection with the seven closings. That is […]
thestatedtruth.com | May 2, 2010
From John Mauldin’s Thoughts from the Frontline Weekly Newsletter Normally, you think of a Collateralized Debt Obligation (CDO) as a pool of mortgages. This pool is broken into anywhere from 6 to 15 tranches. The highest-rated tranches get their money back first, and the rating agencies made them AAA. While the lowest level would be […]
thestatedtruth.com | May 2, 2010
Oil Slickonomics May 2, 2010 “At its current leak rate of 5,000 barrels of oil per day, the spill could surpass the size of the 1969 Santa Barbara spill by next week. If the leak cannot be contained, it could exceed the size of the 1989 Exxon Valdez oil spill off Alaska by mid June.â€Â   Paul […]
thestatedtruth.com | April 30, 2010
By NICK TIMIRAOS The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter. Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance. The increase was driven by a jump in the share of loans backed […]
thestatedtruth.com | April 30, 2010
Everyone should take the time to read this, which is part of a broader interview done on April 30 . This will also effect interest rates.  ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is headed for or in a depression and why a […]
thestatedtruth.com | April 30, 2010
PRIMA FACIA – WHERE IS UNCLE SAM? I have written extensively about the unregulated, non-exchange traded, offshore, off balance sheet (OTC) $605 Trillion derivatives market and specifically about the $437 Trillion Interest rate swap market. In Sultans of Swap: the Getaway I laid out some of the court actions taking place throughout Europe and the […]
thestatedtruth.com | April 30, 2010
http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm
thestatedtruth.com | April 30, 2010
THIS IS CRITICAL…………….THE BALANCING ACT Â http://home.comcast.net/~lcmgroupe/2010/Article-Extend_Pretend-Uncle_Sam_You_Sly_Devil.htm
thestatedtruth.com | April 30, 2010
The next crisis in the U.S. will likely be state and municiple debt problems.   33 states of the USA are headed for bankruptcy.  By Bob Hennelly NEW YORK, NY April 29, 2010 New York’s $9.2 billion budget deficit is expected to balloon to $15 billion next year, according to Lt. Gov. Richard Ravitch. Speaking […]
thestatedtruth.com | April 30, 2010
Thought For The Day The cost for a Greek bailout to the citizens of the US via the IMF will be $100 billion. Now there is a nice addition to the Federal Budget Deficit. www.jsmineset.com
thestatedtruth.com | April 29, 2010
The Oil slick disaster, besides being a detriment to intended drilling projects, remains a mystery with respect to ‘cause’. Of course the dispatch of Navy and other Defense Department resources will be seen in the proper light of being helpful; while we ponder whether they’re investigating just in case something else happened; given the rig […]
thestatedtruth.com | April 29, 2010
Information is circulating of a secret meeting between U.S. and Egyptian as well as Israeli defense officials, as well as even the Palestinians asking the Chinese to back-off working with Iran; because of growing concern that Iran now seeks triggering a false reason for conflict, perhaps within the next three-four months or so. Egypt in […]
thestatedtruth.com | April 29, 2010
No bats and no bees means an increase in food prices, plain and simple! Honeybee-Colony Losses Widened Last Winter, USDA Says Dwindling phosphorus supply, and important component of fertilizers, and decline bee populations suggest higher food prices. Managed colonies lost to all causes reached 33.8 of the total, compared with 29 percent a year earlier […]
thestatedtruth.com | April 29, 2010
By Bryan Keogh and Sonja Cheung April 29 (Bloomberg) — The record rally in corporate bonds is showing signs of cracking, with yields rising the most in 13 months relative to government debt and new sales falling to the least this year. The extra interest investors demand to own company debentures rather than government debt […]
thestatedtruth.com | April 29, 2010
By Dawn Kopecki April 29 (Bloomberg) — JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among U.S. investment banks that may be forced to raise an additional $250 billion in capital, cut executive pay and divest some of their most lucrative assets under a bill on the U.S. Senate floor today, analysts say. […]
thestatedtruth.com | April 27, 2010
Banks Bet Against U.S. Cities, States First Posted: 04-27-10 Amidst growing pessimism about the financial condition of U.S. cities and states, investors are increasingly buying financial instruments that essentially allow them to short sell or bet against cities and states, says a Wall Street Journal report. Offered by banks like JP Morgan, Bank of America, […]
thestatedtruth.com | April 27, 2010
Some Arrived As Early As Friday Armed With Blankets Hoping To Get 1 Of 750 Applications For Elevator Industry Job  Apr 27, 2010 By KATHRYN BROWN, CBS 2 HD News NEW YORK (CBS) ― An application to work for the Joint Apprentice & Training Committee of the Elevator Industry was handed out to hundreds of […]
thestatedtruth.com | April 27, 2010
  http://www.leap2020.eu/GEAB-N-43-is-available-Global-systemic-crisis-USA-UK-The-explosive-duo-of-the-second-half-of-2010-Summer-2010-The-Bank_a4531.html
thestatedtruth.com | April 27, 2010
Pension Pains: States Cut Benefits to Skirt Massive Funding Shortfall Illinois Teachers Complain; California Latest State to Push for Pension Reform  By DALIA FAHMY Apr. 26, 2010 Dan Montgomery doesn’t have many kind words for his elected officials. The high school English teacher from Skokie says Illinois politicians spent years neglecting their obligations to […]
thestatedtruth.com | April 26, 2010
thestatedtruth.com | April 26, 2010
BY KATIE MARTIN AND MICHAEL WILSON LONDON—Hopes that Greece’s formal request for international financial aid might help stabilize the financial markets are proving short-lived Monday, with the cost of insuring Greek debt against default soared to a new record. The euro also took a dive, after briefly rebounding from a 12-month low of $1.32 against […]
thestatedtruth.com | April 26, 2010
Germany refuses to help Greece unless it agrees to tougher terms Germany’s finance minister Wolfgang Schauble has raised fresh obstacles to the €40bn (£35bn) aid package for Greece, warning that Berlin will not transfer funds until Athens agrees to tougher terms.  By Ambrose Evans-Pritchard and Edmund Conway  Published: 10:47PM BST 25 Apr 2010 Mr Schauble […]
thestatedtruth.com | April 26, 2010
 April 26, 2010, 10:46 AM EDT By Jennifer Ryan April 26 (Bloomberg) — The dollar, euro and pound are all unappealing investments, either because of policies of “benign neglect†or concerns on the euro region’s stability, said Stephen King, chief economist at HSBC Holdings Plc. “It is a competition between ugly sisters, they are none […]
thestatedtruth.com | April 26, 2010
Economists: The stimulus didn’t help By Hibah Yousuf, staff reporter April 26, 2010: 3:56 AM ET NEW YORK (CNNMoney.com) — The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday. In latest […]
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