thestatedtruth.com | August 30, 2011
Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend. The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around housing….kind of like magic. As you might guess, the banks aren’t so happy about […]
thestatedtruth.com | August 30, 2011
Ugh….this should come as no surprise! The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009. Even uglier is the 6 month outlook which fell from 74.9 to 51.9.
thestatedtruth.com | August 28, 2011
The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]
thestatedtruth.com | August 26, 2011
Here comes the mother of all storms for the East coast! So here’s an interesting question….what happens if you have a giant crane up in the air working a project on the East coast (New York or New Jersey) and it can’t be removed in time because you’ve never before seen a hurricane come this far north like this one? Just […]
thestatedtruth.com | August 25, 2011
Beware, the ides of October……“I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank. A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, […]
thestatedtruth.com | August 23, 2011
We have touched on this important subject back on July 17th and again just a few days ago on August 19th here at TheStatedTruth.com in an article that was titled “Things That Could Go Bang And Change The World“. Scroll down to read it. Israeli-Arab Crisis Approaching By George Friedman | August 23, 2011 In September, the U.N. General […]
thestatedtruth.com | August 22, 2011
Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]
thestatedtruth.com | August 22, 2011
Morgan Stanley, at the brink of collapse in 2008, got $107 B, yes, B as in Billion from the Fed. They’ve got’ta be kidding! Nope, not kidding. Soon after that, record bonuses came flowing faster then you could flick a bic! Every Fed official should be ashamed of this BS… yes the same stuff that gets stepped in. Oh we […]
thestatedtruth.com | August 19, 2011
Just a reminder that this was posted on www.thestatedtruth.com back on July 17th……… War between Iran-Israel… CIA veteran Robert Baer, I think we are looking into the abyss, there is a warning order inside the Pentagon to prepare for war. There is almost near certainty that Netanyahu is planning an attack [on Iran] and it will probably be in September […]
thestatedtruth.com | August 19, 2011
Interesting tid bit…..according to Rob McEwen, only one gold mining company is included in the S&P 500. Can you guess which one it is? Answer: Newmont Mining ( NEM) is the only gold mining company listed in the S&P 500 P.S. There is more than $ 1 trillion of index funds invested in the S&P 500! This insinuates […]
thestatedtruth.com | August 18, 2011
Not exactly what the housing market needs to find a bottom….fiddling with or elimination of the real estate mortgage deduction and real estate tax deduction will be disastrous in the current environment. Although the compromise legislation itself involved no new taxes, it created an unusual mechanism, an evenly split, 12-member bipartisan super-committee that could call for […]
thestatedtruth.com | August 18, 2011
Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate as many as ten thousand positions. Additional reductions are being discussed as part of an overhaul known as “Project New BAC,” after the Charlotte, N.C., bank’s ticker symbol. Sources close to the situation say as many as 10,000 jobs are […]
thestatedtruth.com | August 17, 2011
Records are made to be broken. The time for this record to be broken is near. Buyer beware! The week ending August 10 saw a near-record amount of redemption’s from domestic equity mutual funds, amounting to an unprecedented $23.5 billion. This brings the total for August to $34 billion. Another $13 billion in outflows and […]
thestatedtruth.com | August 16, 2011
And why is this….it’s because most assets are deflating (going down in value) but food has been inflating (going up in cost)… along with most types of energy until just recently. Rasmussen: “Americans nationwide continue to lose faith in the Federal Reserve Board to keep inflation under control, with the number who say they are paying […]
thestatedtruth.com | August 15, 2011
Ding Dong, The Wicked Witch Is Dead….Or, Maybe Not! Stone McCarthy: Negative Empire Survey Results “You usually don’t get three straight months of negative results unless you are in a recession (Note: NY Fed historical data only started in July 2001). ” SMRA continues: “If that’s not bad enough for you, the forward-looking new orders […]
thestatedtruth.com | August 15, 2011
Couldn’t have said it better……home owners are already ahead of this curve! “You just slip out the back, Jack. Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. Hop on the bus, Gus. You don’t need to discuss much. Just drop off the key, Lee. And get yourself […]
thestatedtruth.com | August 11, 2011
It couldn’t happen to a worst run government enterprise. Excuse us, second worst, Fannie Mae probably takes the brass knuckle. Our advice….give the whole pile of crap to United Parcel Service (UPS), they would only need to black out one initial. Not to be too greedy, it might even be smart to pay them to take everything,…even […]
thestatedtruth.com | August 11, 2011
If your cell phone is having problems, ours are too…. here may be the reason why. Solar storms could affect earth technology. According to The International Business Times: “Power grids, GPS systems and satellites could be among the technologies affected by surges of energy released by the sun’s swelling magnetic field, according to the National Oceanic […]
thestatedtruth.com | August 11, 2011
The USDA (United States Department of Agriculture) just threw a wrench into any chance of lower food prices as U.S. corn reserves (as of August 2012) are expected to be at the lowest levels since the mid-1990’s. One thing is for sure….more inflation is coming to a store near you! Wells Fargo says to expect food prices to […]
thestatedtruth.com | August 9, 2011
California was counting on collecting increasing tax revenue, even though almost every tax generating category in the state is slowing. Rest assured that these political morons never passed basic math 101. California just announced that state tax revenue fell in July, more than 10% below expectations. The LA Times blog says this will, “make it more likely that deeper cuts […]
thestatedtruth.com | August 9, 2011
A Big Mac priced in U.S. Dollars is $17.19 (for one), in Zurich….But Fed Chairman Bernanke says we have no inflation. Question to Mr Burnanke: Just how did a McDonald’s Big Mac get so expensive in Zurich? Um…..
thestatedtruth.com | August 8, 2011
So what happens when everybody hits the PANIC button at the same time? For starters….How about a global stock market dump equal to $7.8 TRILLION.
thestatedtruth.com | August 6, 2011
More specifically it looks like Italy is next up and Spain is in the hole when it comes to new insolvent disasters! Global leaders call for an urgent emergency summit of finance ministers. Is it dominoes we hear falling? Referencing Spiegel: Concerning the EFSF (European Financial Stability Facility) German Govt: Italy Too Big For EFSF To Save German […]
thestatedtruth.com | August 6, 2011
I met a Genie today that said she would grant me one wish. “I want to live forever,” I said. “Sorry,” said the Genie, “I’m not allowed to grant wishes like that!” “Fine,” Then I want to die after Congress gets their heads out of their asses.” “You crafty bastard,” said the Genie!
thestatedtruth.com | August 5, 2011
Bye bye U.S. AAA debt rating. The new normal just changed for the worse. For the most part, everyone thought things were already bad and “had” to get better! Oh well, live and learn. Next week could be a dozy! We have some tough years ahead of us between 2012 and 2014. But before that, a stock market […]
thestatedtruth.com | August 5, 2011
Could the unthinkable happen? Here’s Peter Barnes of the Fox Business Network. Peter Barnes: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” Geithner’s response: “No risk of that.” “No risk?” Barnes asked. “No risk,” Geithner said. www.zerohedge.com
thestatedtruth.com | August 5, 2011
The background indicates that this isn’t good news….here’s why. Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently. The most interesting aspect […]
thestatedtruth.com | August 4, 2011
Is Texas setting itself up for an electric grid disaster….we’ll soon see! Power demand for Electric Reliability Council of Texas, Inc, or ERCOT, which runs the power grid for most of the state, hit three consecutive records this week as Texans cranked up air conditioners to escape one of the hottest summers on record. Power […]
thestatedtruth.com | August 3, 2011
The consumer is broke and getting broker. So far, the free loaders have been free spenders. That’s about to change as the banks get closer to kicking millions of the mortgage dead beats out of their homes. As this evolves things will likely get down right nasty for the economy! From Bloomberg: Disclosure from an internal, […]
thestatedtruth.com | August 2, 2011
So….our only question is: What happens if the economy gets really bad (by government standards)? Remember, the government says we’re still in a recovery. Just released data shows foodstamp usage increased over 1.1 million in the the highest single monthly jump in Foodstamp participation since mid 2009,that was when eligibility requirements were adjusted. We now have what amounts […]
thestatedtruth.com | August 2, 2011
In a puff of smoke….sounds like Putin doesn’t like us (U.S.) anymore? As if he ever did! On the other hand, he makes some startlingly good observations. Putin says U.S. is “parasite” on global economy Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy […]
thestatedtruth.com | August 2, 2011
Let’s get real…..this isn’t unexpected! Government bonds in Italy and Spain continue on a downward march, creating more concern about the potential spread of the euro zone’s debt crisis. The dominoes are falling one by one. World wide debt problems are bubbling over. A new financial world order is coming shortly.
thestatedtruth.com | July 31, 2011
We couldn’t be more poetic if we tried…… scratch Pelosi from this chart and substitute Boehner, but it won’t change a thing!
thestatedtruth.com | July 31, 2011
Slow learners……we’re talking about the government of course! They want banks to loan out more and consumer borrowing to pick up. They still don’t get it! Household debt levels are at 112% of annual income which is considered too high. To get back to a 1990’s debt-to-income ratio’s of 84%, incomes would need to be nearly $4 trillion higher. This would take about […]
thestatedtruth.com | July 30, 2011
So much for the recovery. Button up and stay alert. Maintaining what one has will go to the fiscally fittest…… John Williams of Shadow Stats confirms the severity of the on coming double dip. – GDP Growth Slows Markedly – Official Downturn Much Deeper In Revision – Latest GDP No Longer Has Recovered Pre-Recession High – 2009 Annual […]
thestatedtruth.com | July 29, 2011
Better late then never…..looks like the government finally gets real on housing! Research released Monday by William Hedberg, a San Francisco Fed research associate, and John Krainer, a senior economist, say housing weakness is likely to continue for years. We’re now starting to see the government throw in the towel on trying to artificially save housing. Supply and […]
thestatedtruth.com | July 29, 2011
Economically speaking, things slow before they reverse. That looks to be what we are doing currently. Whether we slow down more next year, then go off a cliff, or skip that part and fall off the cliff in the next six months will probably be a moot point. The U.S government is broke and not hiring new workers for the first time in our lives. In addition they’re […]
thestatedtruth.com | July 21, 2011
Apple’s newest Lion software upgrade is laying in wait to test out the latest Mac book computer. Bloomberg reviews the newest tech below! Apple says its newest operating system called Lion won’t need a mouse, that’s right, no mouse…..Lion, is the new version of the software that runs Apple Inc. (AAPL) s Macs and is also the first personal-computer operating system […]
thestatedtruth.com | July 21, 2011
Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro, offered Athens $157 billion in new loans, a nearly identical aid package to last year.
thestatedtruth.com | July 21, 2011
Treasury exits Chrysler bailout with $1.3-billion loss……declared it a success. The Chrysler Group bailout officially ended Thursday when the Treasury Department sold off its remaining stake in the automaker, and the final tally shows the taxpayers lost $1.3 billion. The Treasury is unlikely to recover the remaining $1.3 billion. But Tim Massad, the Treasury assistant […]
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