thestatedtruth.com | July 20, 2011

It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending.  An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]

Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News | 718 Comments »
Tags: R E Cancellations, Real Estate, Real Estate Sales;NAR

thestatedtruth.com | July 19, 2011

Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything.  There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]

Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street | 3 Comments »
Tags: Connected, derivatives, Greece, World Economy

thestatedtruth.com | July 18, 2011

Some opinions to be reckoned with…. it’s time to pay attention to the road everyone. From Reuters: Former U.S. Treasury Secretary Lawrence Summers explains….The European financial crisis has entered a new and far more dangerous phase. Where the crisis had been existential for small economies on the periphery of Europe but not systemically threatening to […]

Category: Commentary, Commodities, Economy, Gold and Silver, National News, Wall Street, World News | 715 Comments »
Tags: David Rosenberg, Economic, Famous Opinions, Gartman, Lawrence Summers

thestatedtruth.com | July 18, 2011

Steve Wynn is very wealthy and very smart.  When he talks, people tend to pay attention….no pun intended!  During the Wynn corporate earnings call, Steve Wynn gave without doubt the most blistering and scathing critique of the Obama administration by anybody yet, and he’s a Democrat. From the call transcript: I believe in Las Vegas, I think its best […]

Category: Commentary, Economy, Finance, Inspirational, National News, Personal Net Worth, Wall Street | 32 Comments »
Tags: Las Vegas, president Obama, Steve Wynn, Wynn

thestatedtruth.com | July 17, 2011

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.  If this happens, envision Gold exploding along with Oil, while stock markets and economies around the World plunge.  It doesn’t take a rocket scientist to throw caution to the wind.  Naval update per […]

Category: Commentary, Economy, Gold and Silver, National News, National Security, Oil and Nat Gas, Pictures | 605 Comments »
Tags: Bang, Caution, Iran, Israel, Middle East, war, Warning From CIA Veteran Robert Baer, WWIII

thestatedtruth.com | July 15, 2011

President Barack Obama said deficit-cutting talks are running out of time, and dismissed the plan that House Republicans will promote as not serious. The House plans to vote July 19 to  increase the debt ceiling, but wants it tied to approval of a balanced-budget amendment. The Democrats have a back up proposal that would grant Obama authority to raise the debt limit in […]

Category: Commentary, Economy, National News | 14 Comments »
Tags: congress, Deficit, taxes

thestatedtruth.com | July 14, 2011

A backup plan to cut the federal deficit and keep the U.S. government from default is now being discussed.  Things should get very interesting. Called plan B, it is taking shape in back room discussions between Senate Majority Leader Harry Reid (D., Nev.) and Republican leader Mitch McConnell (R., Ky.).  House Republicans are not happy about this. […]

Category: Commentary, Economy, Interest Rates, Bonds, National News, Wall Street | 36 Comments »
Tags: Plan B

thestatedtruth.com | July 11, 2011

Government checks (handouts) are about to run out….. now what? According to Reuters: “Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics.” And what lies ahead could be a major and very significant crisis […]

Category: Commentary, Commodities, Economy, National News | 681 Comments »
Tags: Free Money, Government Checks

thestatedtruth.com | July 11, 2011

“Welcome to the Recovery”…..oh yeah, that was a year ago.  Now it’s known as the new normal!  And wasn’t tech supposed to be immune from all of this? Just asking. Cisco is preparing to fire 10,000, or 14% of its entire work force, over and above the number of people that the company said was going to be […]

Category: Commentary, Economy, National News, Wall Street | 530 Comments »
Tags: Cisco Layoffs, Corporate Layoffs, Large Corporate Layoffs, Si, Technology Layoffs

thestatedtruth.com | July 10, 2011

So, the government admits 3 years later that we were headed for another great depression back in 2008…Can’t expect them to be honest with us now.  Looks like a lot of unfinished business lies dead ahead.  Just a heads up! WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT’-nur) says many Americans will face hard times for a long time to come. He […]

Category: Commentary, Economy, National News, Wall Street | 49 Comments »
Tags: Depression, Government, Meet The Press, Tim Geithner

thestatedtruth.com | July 10, 2011

Greece is a lost cause.  Next up is either Italy or Spain.  Both the Dollar and the Euro currencies are in trouble.  The last man standing looks to be Gold. From the NY Times…… LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted […]

Category: Commentary, Commodities, Economy, Gold and Silver, National News, Wall Street, World News | 37 Comments »
Tags: Euro Debt Crisis, Greece, Italy, Spain

thestatedtruth.com | July 8, 2011

These ratios are looking terrible.  How can anyone expect the economy or real estate for that matter to turn with these kinds of numbers.  Or, are we just being too logical here?  Baby boomers are screwed.  Plain and simple. The civilian labor force has declined to 64.1%.   The employment to population ratio also slumped to a multi decade […]

Category: Charts and Graphs, Commentary, Economy, National News, Wall Street | 2 Comments »
Tags: labor force participation, Labor Stats, Numbers

thestatedtruth.com | July 8, 2011

So…….here we go with one of the very big problems in our economy.  The government continues to say that we’re in a recovery, but it’s really just a hallucination.  We”re being kind when we say that!  Draw your own conclusions. The number of people not in the labor force who want a job now surged to a fresh all time high […]

Category: Charts and Graphs, Commentary, Economy, National News, Wall Street | 11,126 Comments »
Tags: Average Duration Unemployment, People Not In Labor Force, unemployment, Unemployment Statistics

thestatedtruth.com | July 8, 2011

Should we be surprised? The U.S. economy barely added jobs in June and the unemployment rate rose to the highest level this year.  To make matters worse,  the birth/death adjustment was responsible for over 50% of the job payroll gains over the last 12 months!   And everybody thought we were just kidding when we said “bad seats, […]

Category: Charts and Graphs, Commentary, Economy, National News, Wall Street | 245 Comments »
Tags: Big Banks, Big Government, Jobs Report, Labor Statistics, Rig JobJobs Data

thestatedtruth.com | July 6, 2011

Hmm, let’s see…..the Mortgage Bankers Association (village idiots) back in January targeted  $616 billion in new lending from mortgage loans covering the 2011 calendar year. It was a nice try but a stab in the dark.  Guess what?  They just gutted that number…yep, down she goes, so now they expect it to come in around $432 billion for 2011.  The village idiots were only off by […]

Category: Commentary, Economy, National News, Real Estate, Wall Street | 6 Comments »
Tags:

thestatedtruth.com | July 6, 2011

This from the great Art Cashin on the floor of the New York Stock Exchange……Art digs into this subject headline.  “Borrowing by small U.S. businesses rose at a record pace in May”, according to data, a sign that economic growth is poised to pick up in coming months…..the insinuation is that the government and big […]

Category: Commentary, Economy, Interest Rates, Bonds, National News, Wall Street | 64 Comments »
Tags: bank loans, Business Loans, Loans, Small Business Loans, Spin

thestatedtruth.com | July 5, 2011

Worry warts……from our shoes,  we have never seen more shoppers out and about then on this Fourth of July weekend…..never.  Spend now….worry later is the name of the game!  Plain and simple. But in a Bloomberg Television interview with Carol Massar,  Stephen Roach of  Morgan Stanley said  “What I worry about now is we are creating a whole new generation […]

Category: Commentary, Economy, Retail, Wall Street | 554 Comments »
Tags: Busy Fourth, Buy, retail, Spend Until You Drop

thestatedtruth.com | July 5, 2011

Here’s a heads up on the United States debt debacle…….word has come from Washington that President Obama will use the 14th amendment to declare the debt limit as unconstitutional, if need be.  Rock and Roll!  On the other hand, it may be unconstitutional to call the 14th amendment unconstitutional, if you get our drift. James […]

Category: Commentary, Commodities, Economy, Gold and Silver, Interest Rates, Bonds, National News, Wall Street | 1,436 Comments »
Tags: 14th Amendment, Debacle, debt

thestatedtruth.com | July 3, 2011

Should be a surprise, bet nobody guessed it. Charles Shaw is the name of the best selling wine in the world and it’s priced at $1.99 per bottle.  It’s called Two Buck Chuck (Cabernet Sauvignon, White Zinfandel, Merlot, Chardonnay, and Sauvignon Blanc), and is sold exclusively by Trader Joe’s stores in the U.S., but recently also in Australia.  […]

Category: Commentary, Economy, National News, Retail | 771 Comments »
Tags: Grocery, retail, Trader Joe's, Wine

thestatedtruth.com | July 3, 2011

Charlie Munger, billionaire Warren Buffett’s vice chairman of Berkshire Hathaway, imparts his  wisdom at the final Wesco annual shareholders meeting in Pasadena, California.  Berkshire now owns Wesco. In business and in personal affairs, be patient but aggressive when you know what you want, Munger advised. He also stressed the importance of continuous learning. His current field of study: Astrophysics. […]

Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street | 49 Comments »
Tags: Berkshire, Buiness, Charlie Munger, Observations, Warren Buffett

thestatedtruth.com | July 1, 2011

Records are made to be broken, especially in the foodstamp program! The USDA,  just released an updade of April participation numbrs in the Supplemental Nutrition Assistance Program (SNAP), better known as  the “foodstamps” program, and it showed another record, of 44.647 million people, an increase from May’s 44.587 million. www.zerohedge.com

Category: Commentary, Economy, National News, Wall Street | 118 Comments »
Tags: Food Assistance, Foodstamps, SNAP

thestatedtruth.com | June 30, 2011

Amazon just escalated a stink with California over Internet taxes….and emailed the termination of its affiliate advertising program to 25,000 websites.  Bad seats…hey buddy, front row behind a pole!! Gov. Jerry Brown has signed into law California’s tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts say. […]

Category: Commentary, Economy, National News, Wall Street | 5 Comments »
Tags: Amazon, California Stink, Internet taxes

thestatedtruth.com | June 30, 2011

Agree…..but the economy may not improve for years….we’re in the new normal, best to get used to it! Former President Bill Clinton sees a possible way past the bipartisan impasse over raising the debt limit: agree to cut spending AND raise taxes, but do neither until later, after the economy improves. “If they [the Republicans] […]

Category: Commentary, Economy, National News, Wall Street | 13 Comments »
Tags: Bipartisan, Clinton, Cutting Spending, new normal, raising taxes

thestatedtruth.com | June 29, 2011

                                      Manganese Brass Dollar Coins                                                    Picture from Wikipedia As these bronze looking Manganese brass dollar coins  enter circulation, they soon start looking greenish and of course, ugly.  So the question is… why would anyone want them in one or more pockets? In the basement of a Baltimore vault the size of a soccer field, 1 billion dollar coins are […]

Category: Commentary, Commodities, Economy, Finance, National News, Tid Bits, Wall Street | 55 Comments »
Tags: $1 Coin, Dollar Coins, One Dollar Coins

thestatedtruth.com | June 28, 2011

Interest rates are at record 100 year lows, but even so, the world is sporting an unusually slow learning curve!  Logically speaking, if interest rates were to climb,  it would be “lights out, game over” and the mother of all depressions.  Something to think about since no one else seems to be interested. BIS is warning of higher rates […]

Category: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street | 11,927 Comments »
Tags: defaults, Depression, Interest rates, Rising Interest Rates

thestatedtruth.com | June 28, 2011

This is what we have to look forward to……2012 is supposed to be worse then 2011 for government, state and local jobs.  That’s why this is going to be called the LOST decade! In March 2010, the U.S. economy finally began to add jobs again. Every month since then, private sector employment has grown. Yet almost every month […]

Category: Charts and Graphs, Commentary, Economy, National News, Wall Street | 63 Comments »
Tags: Government, Job Growth, Lack Of Jobs, Local Government Jobs, State

thestatedtruth.com | June 28, 2011

From MarketWatch.com …….Yep, PIMCO, the same one that Bill Gross founded.  So PIMCO says we have inflation, Jim Rogers says we have inflation and Lunch Pale Jack says we got inflation…but the U.S. Federal Reserve says pay attention everyone…the kind of inflation you all are looking at doesn’t count!  Ok, that explains it! – Inflation set […]

Category: Commentary, Economy, National News, Wall Street | 213 Comments »
Tags: inflation, No Inflation

thestatedtruth.com | June 27, 2011

If not for the massive government gift giving (stimulus), we would be in a depression. Report: Government to pass private sector as primary lender in U.S. According to Investor’s Business Daily, citing Federal Reserve data, the U.S. government, perhaps “as early as this quarter” is likely to “displace the private sector as the biggest source […]

Category: Commentary, Economy, National News, Wall Street | 35 Comments »
Tags: Government Lending, Stimulus

thestatedtruth.com | June 27, 2011

Remember the old saying, you’re only as strong as the weakest link….or links which is the case more often now days.  Looks like the dominoes in Ireland are falling.  They’re not alone. “Ireland is screwed,” said a local expert. “Our property developers are broke. And they owe a lot of money to the banks. So they’re broke too. […]

Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News | 711 Comments »
Tags: dominoes, Homes, Ireland, Real Estate

thestatedtruth.com | June 27, 2011

There she blows, it was just a matter of time…..are there now any doubts that Frank McCourt has a nose as long as Pinocchio’s.  Worth as much as 1 Billion dollars……dream on, first of all Frank McCourt was the only bidder when he bought the Dodgers back in 2004 according to the commissioner…..and he paid $430 million […]

Category: Commentary, Economy, Finance, National News, Wall Street | 42 Comments »
Tags: Bankrupt Dodgers, Baseball, Broke Dodgers, LA Dodgers Go BK

thestatedtruth.com | June 27, 2011

Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]

Category: Commentary, Economy, Finance, National News, Wall Street, World News | 56 Comments »
Tags: Greece, Greek Banks, Kicking The Can, Moody's On Greece, Run On Banks

thestatedtruth.com | June 27, 2011

What George Soros really means is that they’re about to kick the can down the road again and save the big banks of the world, again….at least until bonus time! George Soros, Chairman of Soros Fund Management and famous for breaking the Bank of England in 1992, has warned that “we are on the verge of […]

Category: Commentary, Economy, Finance, National News, Wall Street, World News | 217 Comments »
Tags: Economic Collapse, Euroe Broke, Soros, World Economics

thestatedtruth.com | June 26, 2011

From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago.  Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]

Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Wall Street, World News | 75 Comments »
Tags: Consumers, debt, Paying Down Debt

thestatedtruth.com | June 24, 2011

From Eric Janszen of I-Tulip fame…..Eric thinks this is how things are shaping up.  So, we can expect to see the years 2013-2014 look pretty darn negative! Then we’ll have to see. Can we escape the moderate but persistent output gap trap we are in today? Remember, we need at least three years of 4% plus GDP growth […]

Category: Commentary, Economy, Finance, National News, Wall Street | 176 Comments »
Tags: Business 101, Economics, Real GDP

thestatedtruth.com | June 23, 2011

This is a lead bowling ball going down hill….the first pin to be hit is New Jersey!  And even more interesting, Democrats control both houses of the Legislature…. and union membership is among the highest in the country.  Go figure! From The New York Times…… TRENTON — New Jersey lawmakers on Thursday approved a broad rollback […]

Category: Commentary, Economy, Finance, Healthcare and Science, National News, Pensions and Retirement, Wall Street | 53 Comments »
Tags:

thestatedtruth.com | June 22, 2011

Considering that we’re in the summer buying season, this is bad news….. Purchases of existing homes fell 3.8% in May from the prior month to an annual rate of 4.81 million homes. At that pace, sales this year would drop below last year’s 13-year low of 4.91 million. At the same time, the price of […]

Category: Commentary, Economy, National News, Real Estate, Wall Street | 58 Comments »
Tags: Home Sales, housing, Real Estate, Realtors

thestatedtruth.com | June 19, 2011

From Washington’s Blog………….. WOWT Reports: [Fort Calhoun Nuclear Power Plant’s chief nuclear officer, Dave Bannister] said for the plant to get to a disaster level, floodwater would have to rise three and a half feet above where it stands now. The Kansas City Star Notes:  The endless complexities have made prediction a tough task, said […]

Category: Commentary, Economy, National News, National Security, News Letters, Outliers, Weather | 49 Comments »
Tags: Nuclear Power Updates

thestatedtruth.com | June 18, 2011

So, what does the federal government say about all of this?…….Uh, we never promised anyone a Rose Garden! Bloomberg: Little Rock, Arkansas, has stopped replacing aging police cars. Mesa, Arizona, is losing $5 million a year from thousands of vacant homes that aren’t paying utility bills. Providence, Rhode Island, closed schools, fired teachers and may cut […]

Category: Commentary, Economy, National News, Real Estate, Wall Street | 472 Comments »
Tags: Cities, Government, taxes

thestatedtruth.com | June 18, 2011

There is good news here, and not so good news……..in a nutshell, the economy is flat and not growing but not collapsing either.  That sort of sums it up, the good and the bad! By Lee Adler Month to date Federal withholding taxes as of June 15 were down 5.5% from last year, negating the monthly […]

Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street | 586 Comments »
Tags: Federal Tax Payments, Tax Collections, Tax Reciets

thestatedtruth.com | June 15, 2011

The gap between spending and revenues has never been larger! The American consumer is tapped.  Just look at the outstanding debt count: -over $10 trillion in mortgage debt -$1 trillion in student loan debt -over $750 billion in credit card debt We also have billions more in automotive debt.  This is simply unsustainable and we […]

Category: Charts and Graphs, Commentary, Economy, National News, News Letters, Wall Street | 43 Comments »
Tags: Gap, GDP Gap, Revenues, spending