thestatedtruth.com | November 22, 2009
H1N1 Deaths Doubling Almost Every Two Weeks in Europe By Jason Gale Nov. 23 (Bloomberg) — Swine flu deaths have doubled almost every two weeks since mid-October in Europe, with 166 occurring in the past week, the European Center for Disease Control and Prevention said. Across the region, 667 people infected with the new H1N1 […]
thestatedtruth.com | November 21, 2009
thestatedtruth.com | November 20, 2009
Shocking and hard to believe, but real. Do you want gold as insurance or the dollar long-term? $4.8 trillion – Interest on U.S. Debt Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels. By Jeanne Sahadi, CNNMoney.com senior […]
thestatedtruth.com | November 20, 2009
Paulson: Gold’s Bull Run Is Just Beginning November 19, 2009 By Simon Avery John Paulson, lionized by many investors for his winning bet on the fall of the housing and financial markets, is now getting aboard the gold wagon. The hedge fund manager told his investors that even at $1,150 an ounce, the bull run […]
thestatedtruth.com | November 19, 2009
thestatedtruth.com | November 19, 2009
Jim Rickards: If gold is money again, at some point it goes to at least $4,000….How could this happen? Easy if countries of the world print to much currency. Thursday, November 19, 2009 Daily Dispatches  Today Jim Rickards remarked that the United States and China are devaluing their currencies against each other in a game of […]
thestatedtruth.com | November 19, 2009
This chart says one thing bigger then anything else……..higher interest rates are only a matter of time. The smartest guys on Wall Street starting with David Einhorn of Greenlight Capital are betting on higher interest rates, forced by the market place, will happen sooner rather then latter starting in the United States and Japan. (He is a critic […]
thestatedtruth.com | November 19, 2009
Nov. 19 (Bloomberg) — Fidelity Investments said the average balance on customers’ 401(k) retirement accounts has returned to September, 2008 levels on contributions and third- quarter investment gains. Account balances in plans for U.S. workers benefited from the 22 percent year-to-date gain in the Standard & Poor’s 500 Index along with continuing employee contributions, the […]
thestatedtruth.com | November 19, 2009
Nov. 19 (Bloomberg) — Meredith Whitney, the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their own investment companies. “Goldman’s lost a tremendous amount of talent going to set up their own hedge funds,†Whitney, founder […]
thestatedtruth.com | November 19, 2009
FHA, Prime Mortgage Defaults at Records on Job Losses By Kathleen M. Howley Nov. 19 (Bloomberg) — Foreclosures on prime mortgages and home loans insured by the Federal Housing Administration rose to three-decade highs in the third quarter, driven by the biggest job losses since the Great Depression. One out of every six FHA mortgages […]
thestatedtruth.com | November 18, 2009
thestatedtruth.com | November 18, 2009
thestatedtruth.com | November 12, 2009
thestatedtruth.com | November 12, 2009
Fannie, Freddie Warn On Losses   By NICK TIMIRAOS Fannie Mae and Freddie Mac, already reeling in red ink, are warning they could face additional losses from the weakening condition of mortgage-insurance companies. Fannie and Freddie together have required capital injections from the Treasury of $112 billion since the government took them over through conservatorship […]
thestatedtruth.com | November 12, 2009
thestatedtruth.com | November 12, 2009
Sen. Chris Dodd unveiled a whopper of a bill, one that might cause the biggest financial and monetary shakeup…umm…ever. Like most of Congress, we’ve barely cracked the 1,136-page affair…but here’s what we’re picking up thus far: Under the proposed bill, the Fed gets stripped of almost all its banking oversight and consumer protection powers. Bernanke […]
thestatedtruth.com | November 11, 2009
THE G-20 MET LAST WEEKEND AND MADE IT VERY CLEAR NO MONETARY TIGHTENING WOULD OCCUR AT THIS TIME In effect, the G-20 said all systems are go for economic expansion globally. The G-20 said in their news release, “Economic and financial conditions have improved following our coordinated response to the crisis. However, the recovery is […]
thestatedtruth.com | November 10, 2009
Gene Inger’s Daily Briefing . . . For Wednesday November 11, 2009: Good evening; Left-field surprises . . . have ways of impacting over-extended markets occasionally we have observed; irrespective of whether the market ‘deserves’ to decline (as surely this one does). As if to remind the world of the power of cyber-terror; guess what […]
thestatedtruth.com | November 10, 2009
Many of the Top 50 metro areas in the US are reporting “sharp increases in foreclosure activity. “Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation’s foreclosure epicenters in the third quarter away from the hot spots of the last two years and toward some metro areas that had […]
thestatedtruth.com | November 9, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 10, 2009: Good evening; Bears are caving-in . . . increasingly, as they become convinced that so long as the ‘untouchable’ Fed engages in cover-up’s of the problems, and stimulates massively it is impossible to break the stock market for more than 3-6% corrections (which […]
thestatedtruth.com | November 8, 2009
Zuckerman: U.S. On Brink of Deflation Crisis  Friday, November 6, 2009 9:52 AM       By: Gene J. Koprowski   The U.S. is on the precipice of a deflation crisis, one which will devastate consumers and businesses alike, publisher Mort Zuckerman writes.“Inflation typically results from too much money chasing too few goods,†writes Zuckerman in U.S. News […]
thestatedtruth.com | November 8, 2009
Volcker: U.S. Must Consume Less  Friday, November 6, 2009 11:56 AM           By: Dan Weil  Former Federal Reserve Board Chairman Paul Volcker says the consumer accounts for too much of the economy, a point he says is understood by President Obama and one which implies political support for a weaker U.S. dollar.In a recent speech, […]
thestatedtruth.com | November 5, 2009
U.S. to Sell $81 Billion in Long-Term Debt Next Week (Update2) By Rebecca Christie Nov. 4 (Bloomberg) — The U.S. Treasury Department said it plans to sell a record $81 billion in its quarterly auctions of long-term debt next week and will replace the inflation- protected 20-year bond with a reintroduced 30-year security. The Treasury […]
thestatedtruth.com | November 5, 2009
US slaps duties on Beijing steel pipe imports By Sarah O’Connor in Washington Published: November 6 2009 The US hit China with another big trade action on Thursday as it slapped Âpreliminary anti-dumping duties on $2.6bn worth of Chinese pipe imports. The commerce department’s decision to impose duties of up to 99 per cent on […]
thestatedtruth.com | November 5, 2009
Fannie Seeks $15 Billion in U.S. Aid After Ninth Straight Loss By Dawn Kopecki Nov. 5 (Bloomberg) — Fannie Mae, operating under a federal conservatorship, said it will seek $15 billion in aid from the U.S. Treasury as its ninth straight quarterly loss once again drove the mortgage-finance company’s net worth below zero. A third-quarter […]
thestatedtruth.com | November 3, 2009
Berkshire Buys Burlington Northern Santa Fe Railway By Andrew Frye Nov. 3 (Bloomberg) — Warren Buffett’sBerkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States.†The purchase, the largest ever for Berkshire, will cost the company $26 billion, or […]
thestatedtruth.com | November 2, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 3, 2009: Â Â A waterfall decline . . . Â Possibly the prospect of a heavier decline looming (irrespective of this technical fight, as well as psychological holding action purportedly merely awaiting the Fed decisions on Wednesday, which is actually what this is not primarily […]
thestatedtruth.com | November 2, 2009
thestatedtruth.com | November 1, 2009
Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors By Craig Torres and Ian Katz Oct. 31 (Bloomberg) — The chief executive officers of 28 of the largest U.S. banks have been summoned to meet with supervisors at Federal Reserve banks to discuss new rules on compensation, said a person familiar with […]
thestatedtruth.com | November 1, 2009
China’s Recovery Strengthens, Adding Room for Stimulus Cuts By Bloomberg News Nov. 2 (Bloomberg) — Chinese manufacturing data for October showed the nation’s economic recovery is strengthening, giving policy makers more room to pare stimulus measures in coming months. The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months, […]
thestatedtruth.com | November 1, 2009
Geithner Urges Banks to Resume Lending, Help Recovery By Alison Fitzgerald Nov. 1 (Bloomberg) — U.S. Treasury Secretary Timothy Geithner said the country’s economic recovery and job creation hinge on banks taking more risk and restoring the flow of credit to businesses. “The big risk we face now is that banks are going to overcorrect […]
thestatedtruth.com | November 1, 2009
CIT Group Seeks Bankruptcy Protection After Bailout By Tiffany Kary, Dawn McCarty and Lester Pimentel Nov. 1 (Bloomberg) — CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout failed. New York-based CIT listed $71 billion in […]
thestatedtruth.com | October 31, 2009
thestatedtruth.com | October 31, 2009
“Inflation is a monetary phenomenon, as Milton Friedman said. But hyperinflation is always and everywhere a political phenomenon, in the sense that it cannot occur without a fundamental malfunction of a country’s political economy.” Look at the chart below. Using realistic assumptions, It suggests that the annual US government fiscal deficit will approach $2 trillion […]
thestatedtruth.com | October 31, 2009
A Â bunch of crap……….Banks have generally been keeping a lid on commercial real-estate losses by extending these mortgages upon maturity. However, that practice, billed by many industry observers as “extending and pretending,” has come under criticism by some analysts and investors as it promises to put off the pains into the future. Â Â Banks Get […]
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