thestatedtruth.com | August 12, 2020
Rather important happenings if you are an investor. We would pay attention class, it will matter at some point. ETFs used to be touted as a great way to gain exposure to the stock market. But now, thanks to fee-hungry issuers, the tail is wagging the dog and ETFs are the stock market. “The number of public companies […]
thestatedtruth.com | March 21, 2020
The world has never seen anything like this before, ever! Please remember that the world pension system needs the stock market and the stock market needs the pension system. Rest assured the governments of the world will be throwing everything they can in monetary stimulus to lesson the financial blow as we move forward. At some point there […]
thestatedtruth.com | November 14, 2017
The top 1% of global wealth holders started the millennium with 45.5% of all household wealth. This share was about the same until 2006, then fell to 42.5% two years later. The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the year […]
thestatedtruth.com | October 16, 2017
Teresa Ghilarducci is a labor economist at The New School, specializing in retirement security. Here’s what she told the Washington Post last month. “There is no part of the country where the majority of middle-class older workers have adequate retirement savings to maintain their standard of living in their retirement.” Her research shows even high-income workers haven’t […]
thestatedtruth.com | September 25, 2017
Economic prosperity is concentrated in America’s elite zip codes, but in an interesting report on Distressed Communities, from The Economic Innovation Group, it is increasingly clear that economic stability outside of those communities is rapidly deteriorating. As Axios noted, this isn’t a Republican or Democratic problem. At every level of government, both parties represent distressed areas. But the economic fortunes […]
thestatedtruth.com | June 5, 2017
Here we go, figure where you stand with these age/net worth breakdowns… Net Worth Summary Statistics for Households Aged 25 to 35 Net Worth Percentile Rank : A net worth of $0.00 for ages 25 to 35 ranks at the 22.67% Median Net Worth : $16,000.00 Mean Net Worth : $100,146.00 Net Worth 25th – […]
thestatedtruth.com | March 18, 2016
A History Lesson About Your Social Security Card Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed. Franklin […]
thestatedtruth.com | October 21, 2015
Credit Suisse estimates that there are now 25% of Americans that are in the situation of having a negative net-worth. And…the Social Security Administration just released some stunning facts. The following are some of the numbers that really stood out! -38 percent of all American workers made less than $20,000 last year. -51 percent of […]
thestatedtruth.com | October 19, 2015
Global aging is here…and it will change the world as we know it!
thestatedtruth.com | June 24, 2014
The Baltic Dry Index just delivered its worst first half of a year performance ever…yes, we said EVER! This signals a slowing economy. Beware Wall Street, where we have record margin debt combined with incredible complacency…This is likely a perfect witches brew, setting up a variety of outlier events by year end 2014! By definition: The Baltic Dry Index (BDI) is a […]
thestatedtruth.com | November 25, 2013
Op-Ed The Stated Truth Elitist Defeatism Of Real Competition In A Slow Growth World For markets to grow in a capitalist society, it is imperative to have high levels of competition. The more competition the better. This helps innovation and has been the backbone of our economy over the last 102 years or to be […]
thestatedtruth.com | November 5, 2013
The easy target with colorful feathers spread wide are the rich and the super rich. Ice Cap Asset Management explains and the IMF builds the case…..Absent economic growth, higher taxes are the only perceived option. Be prepared. Ice Cap in summary….”Meanwhile, our analysis of the global economy continues to show a lack of any acceleration. Instead growth remains […]
thestatedtruth.com | October 27, 2013
Never before has the world seen such disparity of wealth between rich and everyone else. Out comes the pen and off goes another letter to our worthless Congress. Will they even read it? John Maudlin, in his new book Code Red, (to be released on Monday, Oct. 28) reviewed the latest key figures concerning record wealth disparity, and it’s a […]
thestatedtruth.com | September 2, 2013
Here is a spaghetti chart created by the WSJ of the US telecom space. It lays out roughly how many current subscribers (many from other carriers) pass through US telecom giant, AT&T. Submitted by Tyler Durden on 09/02/2013 16:02 -0400 www.zerohedge.com The reason for this is that according to the latest revelations from the NYT, which […]
thestatedtruth.com | March 12, 2013
Hmm…This from the very successful Kyle Bass We are right back there! The brevity of financial memory is about two years. I don’t get paid to be an optimist, I don’t get paid to be pessimist, I get paid to be a realist – and a prudent fiduciary of the capital, and then if i […]
thestatedtruth.com | March 8, 2013
Here are the key words from below: Two categories of spending represent 12.5% of all discretionary spending. These costs go up when the economy is weak, they have never, repeat never declined. Consider just these two components of the discretionary spending budget; (1) Food Stamps, and (2) the Earned Income and Child Credits. 1) Food Stamps cost the government […]
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 […]
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 […]
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 […]
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 […]
thestatedtruth.com | November 19, 2012
Cumberland Associates has this perspective about the world wide slippery economic situation, and failed post-retirement promises made to a trusting populace. Let us get back to the difference between the US and Europe. European peripheral countries waited too long. Now they cannot fund the promises that they made for retirement and post-retirement benefits, and so they have to […]
thestatedtruth.com | August 26, 2012
Life as we thought it to be, has changed for ever! So what’s the new plan? Uh….Hello By Henry Blodget – Daily Ticker Annual incomes in the United States have dropped sharply in recent years, and near-retirees are getting hit the worst. That’s the conclusion of a new study by Sentier Research, which looked at the […]
thestatedtruth.com | June 26, 2012
Hmm… Survey: More Than 25% of Americans Have No Emergency Savings! By Nancy Stanley While nearly half of Americans don’t have enough money saved to cover emergencies, one-quarter don’t have any money saved, according to Bankrate.com’s Financial Security Index survey. The general rule of thumb is to have enough cash saved to cover at least […]
thestatedtruth.com | April 23, 2012
So, the revenue grows but the ship still sinks….Inquiring minds want to know how it can be fixed? In Illinois, the backlog of unpaid bills has risen to more than $9 billion because of pension costs and falling federal aid, leaving the state “essentially treading water,” Comptroller Judy Baar Topinka said. While revenue grew from higher […]
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 […]
thestatedtruth.com | March 3, 2012
Here we are with bad demographics again, add to that another broke social security system, and guess what island are we standing on. Yep, it’s Japan! Now the Japanese government has had an epiphany, and all of a sudden seeks to save a broken down social security system, and “rein in soaring welfare costs”. Question: But uh, isn’t that a problem worldwide? Yes it is. So […]
thestatedtruth.com | February 28, 2012
Bill Gross talking here…It’s the new normal, and a sign of the times as bank accounts and money market accounts basically yield nothing…and who gets the smelly end of the stick, yep… main street is the one taking it up the wazoo, yet again! Chart 1 shows that since 1981, which marks the beginning of the secular […]
thestatedtruth.com | February 3, 2012
A Novel Idea….Let’s Call It…. The Congressional Common Sense Act of 2012 1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All […]
thestatedtruth.com | January 30, 2012
It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060. And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]
thestatedtruth.com | January 18, 2012
We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday. In an other ominous sign […]
thestatedtruth.com | December 29, 2011
Here is one of the reasons for slow world growth dead ahead, and from the looks of things, it will last a long long time! The baby boomer generation was the last of the demographic growth cycles and that was back from the 1950’s thru the 1970’s. Now the baby boomers are debt ridden as they enter retirement age, […]
thestatedtruth.com | November 20, 2011
We have a broken down world! Can two Lone Rangers rescue us? PIMCO’s Bill Gross laid out his pessimistic outlook, fretting that growth in developed countries could be weighed down for years by debt problems in Europe and high unemployment in the U.S. BlackRock’s Larry Fink said he sees “all the same problems, and the problems […]
thestatedtruth.com | November 7, 2011
The wealth gap between younger and older Americans has stretched to the widest on record. Households headed by someone under age 35 had their median net worth reduced by 27 percent in 2009 as a result of unsecured liabilities, mostly a combination of credit card debt and student loans. No other age group had anywhere […]
thestatedtruth.com | October 9, 2011
What a joke….Read my lips…There should be no bonuses until the losses are all made up. Period. No exceptions. None. Capice! CalPERS, the California state pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now! CalPERS currently has […]
thestatedtruth.com | October 7, 2011
The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor. www.zerohedge.com
thestatedtruth.com | September 30, 2011
The top one half of 1 percent of the population now owns over 28 percent of the nation’s total wealth. Are they kidding? And the Republicans don’t want to raise taxes on the rich…..They should be ashamed of themselves, but they’re not. This from RobertReich.org The President’s modest proposals to raise taxes on the rich – […]
thestatedtruth.com | September 18, 2011
We’ve gone over this before, but it looks like the idea is catching on….Grey bearded baby boomers are in trouble…..but many don’t even know it! Deutsche Bank, in a new report expects stock market investors to lose about 10% of their money — in real terms — over the next 10 years, while the economy goes […]
Coming Soon
bank owned banks congress consumer credit debt Economy education equity fund flow data food stamps foreclosures Free Money gdp gold Government Greece housing inflation Interest rates japan Middle East Money mutual fund outflows net worth new normal Oil pensions PIMCO politics Quote of the Day Real Estate Recession retirement Rich Rich man spending stock market Student Loans taxes tid bits unemployment Wall Street war Wealth Wealthy weather
Copyright © 2024 The Stated Truth
