thestatedtruth.com | January 27, 2011
Hey, what about us here in the USA, Uncle Sam says nope, no inflation here, you on social security get no cost of living raise….but our good buddies in Congress, well that’s another story. Inflation is one of the issues on the agenda in Davos, as the prices of food and other commodities rise, reducing […]
thestatedtruth.com | January 26, 2011
Guess the contraction (subtracting teams from the league) issue is for real…so whitch teams will get the boot?  We can start with New Orleans….being that the NBA now owns them. NEW YORK — The New York Knicks have overtaken the Los Angeles Lakers as the NBA’s most valuable franchise, and 17 of the 30 teams […]
thestatedtruth.com | January 26, 2011
Excuse us, but we could have sworn that the president said things were getting a lot better and the recession was behind us…..or was that just a mirage in the parched desert sun! The federal budget deficit will reach nearly $1.5 trillion in 2011 due to the” weak economy, higher spending and fresh tax cuts”, the CBO […]
thestatedtruth.com | January 26, 2011
Yep, a nickel is worth 6.8 cents in metal value or 36% more then the $.05 it represents in spendable value! Yes, it’s true; the value of a nickel is soaring, even as the value of a dollar is slumping. That’s because every nickel that rolls out of the U.S. Mint contains about 3.75 grams of […]
thestatedtruth.com | January 25, 2011
This article explains why natural gas is so cheap. Oil companies used to just burn off the natural gas in the Gulf of Mexico  because they didn’t know what to do with it.  Who has been harking on this subject for years, yep….Oklahoma farm boy and self made billionaire T Boone Pickens. He says we need to take advantage […]
thestatedtruth.com | January 25, 2011
Inquiring minds want to know how you can have growth with a spending freeze?  Right, you can’t! Obama will call for a five-year freeze on nonsecurity discretionary spending in his State of the Union address “as a down payment toward reducing the deficit,” a White House official said. The president will propose some new spending […]
thestatedtruth.com | January 23, 2011
Why not just give them all to UPS (United Parcel Service) and Fed Ex….Presto, they would get it figured out in a nanosecond! But lets remember who we’re dealing with here….Because it’s the government, this could cost many millions of dollars, require multitudes of committees and take years based on the past history of similar decisions. The U.S. Postal Service is […]
thestatedtruth.com | January 23, 2011
It looks like the calm before another storm created by CRE loans in the next 3 years. We know vacancy rates remain high and we know values have not recovered. LTV ratios look to be very tight for many a bank CRE loan. As mentioned below, we crescendo in terms of CRE loan maturities between now and 2013. […]
thestatedtruth.com | January 23, 2011
We have followed Clif Droke for a number of years, and his record with the Kress Cycles is one step ahead of most others. The Kress cycles will take on the financial markets, and by extension the economy from 2012-2014. This will come as a shock for the most optimistic observers. The final “hard down†phase of the […]
thestatedtruth.com | January 23, 2011
Ireland is out to make things interesting, with a sledge hammer……and everyone thought Europe’s problems were going away! Hmm! The BBC has just reported that the Irish Green party has pulled out of the ruling coalition with Fianna Fail which is “expected to bring forward the general election from 11 March.” In other words suddenly […]
thestatedtruth.com | January 23, 2011
So, 5% of the New York state public work force will just go away……California should hope to be so lucky. Headline: N.Y Governor Cuomo Weighs More Than 10,000 Layoffs New York Gov. Andrew Cuomo is weighing plans to lay off more than 10,000 government workers, rivaling the number of pink slips handed out by his father a […]
thestatedtruth.com | January 22, 2011
From John Mauldin’s “Thoughts From The Front Line” As this budget cutting works its way through the economy, and as inventories are no longer being built (they are already at adequate levels), the growth from the current stimulus (both QE2 and payroll and federal government expenditures) the economy will have to stand on its own […]
thestatedtruth.com | January 20, 2011
A chart is worth a thousand words, or a couple hundred billion in real, incremental dollars. This is why things have been getting (slightly) better of late, but when it ends…not if, look out below. 2012-2014 look to be very tough years, if we survive the end of the Mayan Calender (Dec 21,2012) that is! www.zerohedge.com
thestatedtruth.com | January 20, 2011
Hmm…They’re really getting serious about this. These pensions will never survive in the current form. Only a matter of time! Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. […]
thestatedtruth.com | January 20, 2011
By Al Yoon NEW YORK (Reuters) – Home prices fell for the 53’rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow. Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered […]
thestatedtruth.com | January 20, 2011
Stratfor’s Annual Forecast ….Here are some examples of this year’s themes: – The U.S. is unlikely to withdraw from Iraq as promised in 2011. – The U.S. economy will grow. – In Europe, more countries will need bailouts. – Russian-German relations will strengthen. – Japan will rot, but it will rot in seclusion. Here are […]
thestatedtruth.com | January 20, 2011
Bad seats, hey buddy!  Buried in the thousands of pages of the new health bill is this little gem….. “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains […]
thestatedtruth.com | January 19, 2011
This is a key story: There were a record low number of housing completions in 2010, breaking the record set in 2009. Â In 2010, 1 to 4 unit completions were at a record low 506 thousand. This was just below the 534 thousand units completed in 2009. This is far below the previous record […]
thestatedtruth.com | January 19, 2011
ICI data for the week ended January 12 showed domestic equity fund  inflows of $3,765 million following last week’s outflow of $4,229. This is the largest inflow going back to 2009. Bond fund flows in everything but Munis were positive. Non-taxables saw another whopper of an outflow, this time for a total of $2.4 billion. […]
thestatedtruth.com | January 18, 2011
Dr Joe Duarte has a good feel for this…..With states cutting budgets across the board, where is the growth going to come from? In San Diego an interesting fight between the city and its unions is developing that could set the stage for how things work out in other places with similar problems. According to […]
thestatedtruth.com | January 17, 2011
This read actually makes a lot of sense, and it takes the government out of the picture. We would add one more thing….. that is for most mortgages to be assumable like they used to be. The negative short term draw back is that like everything the government gets involved with, once they leave, there will […]
thestatedtruth.com | January 16, 2011
thestatedtruth.com | January 14, 2011
TopRetirements.com gave the most weight to three criteria: taxes, fiscal health and climate. Each of these factors is important, generally speaking, to retirees. On the financial front, high taxes can eat away at limited incomes, while poor fiscal health can force state governments to raise revenue or cut services. A warm climate is a natural […]
thestatedtruth.com | January 14, 2011
Wow! How is it possible that we collectively seem to have forgotten this clear warning? It appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught.  “As we peer into society’s future, we – you and I, and our government – must avoid the impulse to live […]
thestatedtruth.com | January 14, 2011
This may happen, but one would think it is more likely to be the by product of a devastating earthquake. California has more risk of catastrophic storms than any other region in the country – even the Southern hurricane states, according to a new study released Thursday. The two-year study by the U.S. Geological Survey is the most […]
thestatedtruth.com | January 14, 2011
The FAO (Food and Agriculture Organization of the United nations) said its food price index jumped 32 percent in the second half of 2010, soaring past the previous record set in 2008. Strained by rising demand and battered by bad weather, the global food supply chain is stretched to the limit, sending prices soaring and […]
thestatedtruth.com | January 14, 2011
This can only go so far as the consumer is still over indebted and over taxed, while being hit with inflation (the government says no inflation) and flat earning power! Debt (other than homes) still has to be payed back at some point and time. U.S. banks are expanding their loans to consumers for the first […]
thestatedtruth.com | January 14, 2011
This from Art Cashin on the floor of The New York Stock Exchange……..Basically the government doesn’t get it!  Last Friday, speaking in Germany, [European Central Bank President] Jean-Claude Trichet said it best: “Monetary policy responsibility cannot substitute for government irresponsibility.†Fiery Fedspeak –There were some interesting comments from several Fed presidents yesterday. One eye-opener came […]
thestatedtruth.com | January 13, 2011
This will be interesting to say the least!  Even if repeal were to pass the Congress, Obama has said he would veto it.
thestatedtruth.com | January 13, 2011
ICI just revised the last two data points of 2010 which were originally inflows, to one outflow and one minimal inflow.  Looking at last week’s flows, the first of the new year 2011 starts with an equity outflow of $4.2 billion and was the largest one week outflow since early October!
thestatedtruth.com | January 12, 2011
In this week’s New Statesman, WikiLeaks founder Julian Assange talks to John Pilger about his “insurance” files on Rupert Murdoch and Newscorp – and which country is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of this week’s New Statesman available on newsstands from tomorrow. Some highlights of the […]
thestatedtruth.com | January 12, 2011
We’ve been talking about this, it’s called food inflation and it’s about to get out of hand over the next year because of adverse weather……Grain prices soared after the USDA made a deep cut in its outlook for global supplies.Â
thestatedtruth.com | January 11, 2011
Rising food inflation sparked violence across the Middle East and South Asia over the weekend. Why?…. Demonstrators were protesting the high cost of staple commodities like sugar, rice and milk.  The outbursts have triggered fears that the world is due for a revisit of the 2008 food protests that rocked many countries. Food prices are now […]
thestatedtruth.com | January 11, 2011
Are they kidding….No!  There are 60,000 pages in the current tax code…..Tax reform anybody? How many college educated people do you know that do their own taxes, let’s rephrase that…how many have a tax professional do the job, go ahead…raise your hands….anybody out there without a hand up? How about that!
thestatedtruth.com | January 10, 2011
If this is plan B, inquiring minds wonder what plan C would look like! In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to […]
thestatedtruth.com | January 10, 2011
Push will turn into a shove…..Turn out the lights, the party is over!  Meredith Whitney’s prediction, which everyone was quick to mock and ridicule, is about to come back with a vengeance. State and Local finances are at risk. This idea is likely to pick up steam along the way. Some unpleasant news for pensioned […]
thestatedtruth.com | January 9, 2011
This is why Gold and Silver has been sought by the smart money! Brazil has warned that the world is on course for a full-blown “trade war†as it stepped up its rhetoric against exchange rate manipulation. Guido Mantega, finance minister, told the Financial Times that Brazil was preparing new measures to prevent further appreciation of […]
thestatedtruth.com | January 9, 2011
Next up, California……Illinois just kicked the can down the road, there is no chance this tax will ever go back to where it was. None, Not’a, Zippo, Zero……You get the point. SPRINGFIELD, Ill. (CBS) – Gov. Pat Quinn and the leaders of both houses of the Illinois General Assembly have agreed on raising the state income […]
thestatedtruth.com | January 8, 2011
Economy on a roll, then a again maybe not…..Dave Rosenberg of Gluskin Sheff  discussed with Barron’s three key current takeaways that prompt current concern. They are: 1. The fact that the workweek remains stuck at 34.3 hours for the third week in a row, and history tells us that hours are a forward-looking barometer of labor demand. 2. State and […]
thestatedtruth.com | January 7, 2011
The Top 10 Most Affordable Cities In America Forbes.com  Cost-of-Living Rank Unemployment Rank Housing Costs Rank 1. Oklahoma City, Okla. 12 4 2 2. Pittsburgh, Pa. 6 15 1 3. Buffalo, N.Y. 16 9 3 4. Rochester, N.Y. 25 1 8 5. Nashville, Tenn. 3 23 11 6. San Antonio, Texas 19 9 10 […]
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