thestatedtruth.com | February 17, 2011
Ok…We Believe You! Do The Democrats?   Talk Of Government Shutdown Increases  House Speaker John Boehner says he will not support a stopgap measure to continue funding the government at current levels — a solution that would give the House and Senate more time to resolve differences before funding dries up March 4.  When […]
thestatedtruth.com | February 17, 2011
Uh, Ok Chief…..What ever you say. Here’s a list of things that are not, repeat…are not a problem.  Our math must be a little sideways though, because just looking at the figures below seem to indicate that we (currently) look to have a BIG problem.   January 2009 TODAY % chg Source Avg. […]
thestatedtruth.com | February 17, 2011
An estimated 25,000 protesters showed up for this vote in Wisconsin….So is it a surprise that the workers don’t want to give up anything…No! It’s really the fault of the morons that negotiated these contracts for the state that, they are at fault. Obviously none of them ever passed a basic math class in college or this […]
thestatedtruth.com | February 17, 2011
We’ve been talking about this for a while….Rapidly rising food prices triggered the latest round of civil disorder around the world, as it did the first round during 2008. The picture may get bleaker over the next few years. Cumberland Advisors Khamsin February, 17, 2011 “This is not just a warm wind, but a dust-laden, suffocating […]
thestatedtruth.com | February 16, 2011
Mortgage Refinance Demand Lowest Since Summer of 2009…..This should be a sign to the wise. 02-16-2011 Mortgage application volume slipped 9.5 percent on a seasonally adjusted basis during the week ending February 11, according to the latest weekly survey from the Mortgage Bankers Association. On an unadjusted basis, the home loan application index was off […]
thestatedtruth.com | February 16, 2011
This review does a good job explaining the U.S. Government “ statistical magic” used in unemployment statistics. We can also call it Vodoo Economics. Benson’s Economic & Market Trends By: Richard Benson, SFGroup America continues to face a true national tragedy as tens of millions of unemployed people have been literally discarded because of big business […]
thestatedtruth.com | February 16, 2011
Producer prices in the U.S. climbed during January to their highest point in more than two years. And to think, the government says we have no inflation problem!  “We do not now have a problem…. Inflation made here in the US is very, very low”– Federal Reserve Chairman Ben S. Bernanke, February 10, 2011  […]
thestatedtruth.com | February 15, 2011
This is a must read for everybody.  It’s an outline of the future.  It doesn’t have to be right, but a good plan is better then a bad plan and any plan is better then no plan. Crisis High In 2011 By: Clif Droke  Posted Tuesday, 15 February 2011After two years of issuing “sell†ratings on equities and […]
thestatedtruth.com | February 15, 2011
This was a no brain’er, sooner or later you just knew the banks were going to want a larger down payment on the purchase of a house. How novel to think it might improve delinquencies….Inquiring minds say Duh. By S. MITRA KALITA   (From The Wall Street Journal) The down payments demanded by banks to buy homes have ballooned […]
thestatedtruth.com | February 14, 2011
The list grows….Algeria riots yesterday, Bahrain earlier today, and Iran now.  It’s a rapidly deteriorating situation in Tehran, where protesters are chanting ‘Death to Khamenei.’  AP:  “Clashes between Iranian police and tens of thousands of protesters wrecked central Tehran on Monday as security forces beat and fired tear gas at opposition supporters hoping to evoke Egypt’s […]
thestatedtruth.com | February 12, 2011
Gallup result is based on a 30-day rolling average; unlike the U.S. governments seasonal adjustment……  Gallup’s U.S. employment measures report the percentage of U.S. adults in the workforce, ages 18 and older, who are underemployed and unemployed, without seasonal adjustment. “Underemployed” respondents are employed part time, but want to work full time, or they are unemployed. […]
thestatedtruth.com | February 11, 2011
This had better be good, being that the baby boomers will be sellers and the youngsters are broke! The Obama administration unveiled a proposal Friday for winding down mortgage giants Fannie Mae and Freddie Mac, spelling out three options for what could take their place and setting the stage for a debate over the nation’s […]
thestatedtruth.com | February 10, 2011
Real Estate mortgage rates heading the wrong way……. U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market. The average rate on 30-year fixed-rate mortgages climbed to 5.05% in the week ended Thursday, according to a […]
thestatedtruth.com | February 10, 2011
From Art Cashin on the floor of The New York Stock Exchange Deserving A Second Look – On Tuesday, Richard Fisher, President of the Dallas Fed spoke. The speech drew headlines on Mr. Fisher’s contention that he would be hard pressed not to dissent on any extension or expansion of QE2. It was suggested that […]
thestatedtruth.com | February 9, 2011
This title wave will hit just as the federal stimulus money runs out! Question: So, where is the money going to come from to support all of the broke states? Answer: It’s going to come from you and me, one way or another! New Jersey rating cut while Arizona outlook negative….. SAN FRANCISCO (Reuters) – […]
thestatedtruth.com | February 9, 2011
According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. Yep, that’s T as in Trillions! Five banks account for 95% of this. Can you guess […]
thestatedtruth.com | February 8, 2011
thestatedtruth.com | February 8, 2011
The Suez Canal is a global chokepoint and passage for goods in todays world.  What that means is….. news of Suez Canal workers going on strike won’t help the situation in Egypt or the World for that matter!. Nomura has a great map showing just exactly what that means. This map shows it’s  the dominant route for goods from Asia […]
thestatedtruth.com | February 7, 2011
What Dallas Fed Fisher is saying in a nutshell is basically the national debt can’t get any bigger without destroying the Dollar and causing inflation. Dallas Fed’s Richard Fisher Bloomberg Headlines: FISHER SAYS HE’S NOT LIKELY TO SUPPORT FURTHER ACCOMMODATION FISHER SAYS HE WILL DISSENT ON ANY FURTHER QUANTITATIVE EASING
thestatedtruth.com | February 7, 2011
We’ll see how long this lasts, best guess is it’s a short lived event…..why do we say that? Well, just look around you, what do you see….states, counties and cities getting ready for large budget cuts and layoffs, and taxes will have to go up. We have not solved any of the problems that caused the 2008-2009 economic crisis, […]
thestatedtruth.com | February 6, 2011
Captain: That’s an awful big looking Tuna (inquiring minds think it might be a shark)……yep, it’s bigger then the USS Recovery ship can handle for sure! So what do we do?  Hint: Start those engines and run, baby…run. www.jsmineset.com
thestatedtruth.com | February 6, 2011
World commodity supplies will by the time summer is over, be called world commodity shortages! We are likely (barring a miracle) going to see a dynamic increase in food prices across the board. Let’s hope that the U.S. Midwest snow cover melts in a slow ordinary way….if not, we’ll have floods and crop damages here too. Not what a world […]
thestatedtruth.com | February 4, 2011
Here are some snippets from Bill Gross’s February Investment Outlook Newsletter….  Devil’s Bargain Money has become the economic and political wedge for profound changes in American society. Perhaps the most deceptive policy tool to lessen debt loads is the “negative†or exceedingly low real interest rate that central banks impose on savers and debt […]
thestatedtruth.com | February 4, 2011
Interesting Tid Bit! The number of people who are not in the labor force, but who want a job now just hit 6,643K, a jump of 431K from December. It is the highest number in history. If included in the labor statistics, it would send the unemployment rate to about 12.8%.
thestatedtruth.com | February 3, 2011
Uh…OK let her rip Big Ben….Speaking at the National Press Club in Washington, Ben Bernanke said it’s up to other countries to control their own inflation. It’s not a U.S. problem! By the way big Ben, the continuous commodity index is on a roll to the upside…oh well, guess that doesn’t count. Just so you know……. By Definition:  The Thomson Reuters […]
thestatedtruth.com | February 3, 2011
It will be interesting to see if the government figures come in the same…so where is the “big economic recovery” that we hear about on a daily basis from the talking heads…looks more like a “small economic recovery” to us…inquiring minds want to know! Â by Dennis Jacobe, Chief Economist PRINCETON, NJ — Unemployment, as […]
thestatedtruth.com | February 2, 2011
Australia’s cyclone Yasi is one of history’s worst…and will have impacts on commodities worldwide! This will be a tough summer for inflation which the U.S. government says we don’t have! www.ingerletter.com
thestatedtruth.com | February 2, 2011
The European Commission reported the monthly minimum wages for European countries for 2011…here is how it compares to the United States. More at: http://www.businessinsider.com/minimum-wage-europe-2011-2
thestatedtruth.com | February 1, 2011
We’re looking at nearly 15% of the population now on food stamps….and the drift between the rich and the poor continues to get wider by the day! As of November, the SNAP program had 43.6 million participants, an increase of 400k from October, and a 14% increase, or 5.3 million from a year prior. The […]
thestatedtruth.com | January 31, 2011
Whether you like him or not, most would probably agree after reading this that Donald Trump would show us how an Eagle with clipped wings (the U.S.) can fly again. This guy gets it. You want to see growth again in the U.S., then here is the man for the job! So Donald, tell us how you really feel […]
thestatedtruth.com | January 31, 2011
Home ownership rates continue to fall. History tells us that boom bust cycles tend to overshoot both on the upside and to the downside. More downside should be expected here. In the fourth quarter of 2010, 66.5% of Americans owned homes, down from 67.2% a year earlier and the lowest rate since the end of 1998, according […]
thestatedtruth.com | January 31, 2011
Nearly a trillion U.S. dollars are gone, heisted and nobody knows who done it or how! WikiLeaks might have exposed this mess. How long has this been going on? Quite a while according to The Times, which has relied on Wikileaks cables to support some of what is being reported. What a bunch of morons, with our public money […]
thestatedtruth.com | January 30, 2011
Got a good point here…the powers to be and the rich should pay attention to this… before it’s to late!  When a country, among other shortcomings, relinquishes its financial system and its population’s well-being to the pursuit of ‘good deals’, there is going to be substantial fallout. The citizens protesting in the streets of Greece, […]
thestatedtruth.com | January 30, 2011
This is not a recommendation….we’re just the messenger! Want insurance against an interconnected worldly disorder?  Gold is one of the best insurance policies. Gold is insurance…By nature insurance is a small percentage of your assets. Gold is proactive.  Gold is being your own central bank. There are few other choices that leave you in control. Currencies can and are being devalued (destroyed in value by governments […]
thestatedtruth.com | January 30, 2011
It was just a matter of time before this happened…The Qatari government bankrolled Al-Jazeera when it launched in 1996 and is believed to still fund the station, but it operates with considerable editorial freedom compared with other government-run media outlets in the Arab world. Anti-government riots also have spread to Yemen, where President Ali Abdullah […]
thestatedtruth.com | January 28, 2011
Jim Grant is well known and respected in interest rate market circles, but he has some harsh words here….he’s letting off some steam on Ben Bernanke. Pay attention everyone, Jim is one of the big ten….that is one of the smartest 10 guys around. Jim Grant appeared on Bloomberg TV, telling Margaret Brennan upfront that […]
thestatedtruth.com | January 27, 2011
Gene Inger’s Daily Briefing . . . for Friday January 28, 2011:  Good evening;  Consider ‘global revolution’ . . . as rising beyond its infancy if Egypt, the largest of all Arab nations, overthrows the 30-year old Mobarek regime. As we first reported just a couple days ahead of the major news media, […]
thestatedtruth.com | January 27, 2011
“As a scholar of the Great Depression, I honestly believe that September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” ….. Ben Bernanke. The common thought out there is that this can’t happen again….WRONG! The causes have not been remedied. All eyes should be on the economic road […]
thestatedtruth.com | January 27, 2011
It’s the new math that’s the problem, nobody knows what the word “deficit” means….in a mathematics nutshell, it means “minus”…or in simpler terms “subtraction”. Funny how everyone understood what “surplus”,  “plus” and “add” meant, especially in thier bank accounts and house supported ATM! WASHINGTON (AP) – Sick and getting sicker, Social Security will run at a deficit […]
thestatedtruth.com | January 27, 2011
Billionaire investor and philanthropist George Soros said Thursday in an interview with CNBC’s Maria Bartiromo that the deficits facing U.S. municipalities will be the “drama of the next year.†Soros also said that what ever recovery we have will be finished by mid year and that interest rates will start to rise later in the year.Â
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