thestatedtruth.com | October 19, 2010
   October 19, 2010 By George Friedman German Chancellor Angela Merkel declared at an Oct. 16 meeting of young members of her party, the Christian Democratic Union, that multiculturalism, or Multikulti, as the Germans put it, “has failed totally.†Horst Seehofer, minister-president of Bavaria and the chairman of a sister party to the Christian […]
thestatedtruth.com | October 19, 2010
Card Sharp by AnnaMaria Andriotis Until recently, a credit score of 680 was meaningfull. It meant you paid most of your bills on time, got dinged a little when you went shopping for a refi, but in general you were solid enough to get a loan at the best rates. Not anymore. That 680 is firmly […]
thestatedtruth.com | October 18, 2010
As the ongoing strikes in France against austerity continue, and see increasingly more participation, the latest development is all too familiar to all those who travelled through Athens in the summer: huge lines for gas. About 1,000 gas stations across France have run out of fuel because strikers had blocked access to oil refineries and […]
thestatedtruth.com | October 14, 2010
U.S. mortgage rates fell for a third straight week. They now sit at the lowest level on record as housing demand slumps. Rates for 30-year fixed loans declined to 4.19 percent in the week ended today from 4.27 percent, Freddie Mac said in a statement. It is the lowest rate since the McLean, Virginia- based company […]
thestatedtruth.com | October 14, 2010
Let’s review this again……..the banks are run by people with prehistoric dinosaur brains* (but then again so are the homeowners)! Lets see, these homeowners bought the house for $500,000 in 2001 and then borrowed everything out of it with an $880,000 no interest loan, so who made the loan, right if you said the banks, the stupid […]
thestatedtruth.com | October 13, 2010
Art Cashin on the floor of The New York Stock Exchange…..Something to think about! Originally, on this day (-2) in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to “jump start” a stagnant economy. Many months earlier they had decided […]
thestatedtruth.com | October 12, 2010
3 Billion Individuals or more than two thirds of the global adult population have wealth below USD $10,000. Figures for mid-2010 indicate that 24.2 million adults are above the threshold for dollar millionaires. While they make up less than 1% of the global adult population, they own more than a third of global household wealth. […]
thestatedtruth.com | October 12, 2010
Words of a wise man, pay attention everyone!  By Bloomberg News October 12, 2010 Advanced economies risk a lost decade unless policy makers recognize the severity of the wounds left by the financial crisis, said Mohamed El-Erian, chief executive officer of Pacific Investment Management Co. El-Erian, who popularized the phrase new normal to describe how […]
thestatedtruth.com | October 11, 2010
Russia Bought More Than 100 Tons of Gold This Year, RIA Novosti Reports By Brad Cook – Oct 11, 2010 Russia’s central bank has bought more than 100 tons of gold this year, all of it on the domestic market, RIA Novosti reported, citing Bank Rossii.
thestatedtruth.com | October 8, 2010
Billionaire investor George Soros said he shared concerns about a “currency war†and China must do more to accept its responsibilities in the global monetary system. “I share the growing concern about the misalignment of currencies,†Soros wrote in an article for the Financial Times. “Brazil’s finance minister speaks of a latent currency war, and […]
thestatedtruth.com | October 5, 2010
October 5, 2010  The game of musical chairs is played with more than one entrant. The players have to focus on the whole group. Contestants gauge their positions as they go around and around. Only when the music stops is the outcome known.  In the US, many investors tend to focus on our […]
thestatedtruth.com | October 5, 2010
From Art cashin on the floor of  The New York Stock Exchange…… Not Quite What They Seem – Our UBS pal in London, Andy Lees, put out an eye-opening piece on China this morning. Andy sees China becoming more vulnerable because of their growing energy dependence. The piece is too big to fully reproduce but […]
thestatedtruth.com | October 5, 2010
Stratfor October 5, 2010 | 0903 GMT .  By George Friedman The U.S. government issued a warning Oct. 3 advising Americans traveling to Europe to be “vigilant.†U.S. intelligence apparently has acquired information indicating that al Qaeda is planning to carry out attacks in European cities similar to those carried out in Mumbai, India, in […]
thestatedtruth.com | October 3, 2010
Sounds like Cuba is headed in the same direction as China, the model seems to be a hybrid communist/capitalist mix.  Oct 3,2010  On September 13 Cuba  announced plans to slash one million state jobs,  including half a million between October and March. On Monday, Cuba starts the six-month process of firing half a million […]
thestatedtruth.com | September 30, 2010
September 30, 2010 Â Â The Eiffel Tower was evacuated Sept. 28 after an anonymous bomb threat against the symbolic Parisian tourist attraction was phoned in; no explosive device was found. The day before the Eiffel Tower threat, French authorities closed the Gare Saint-Lazare in central Paris after an abandoned package, later determined innocuous, was […]
thestatedtruth.com | September 28, 2010
The Conference Board’s sentiment index declined to 48.5 this month, lower than the median forecast of economists surveyed by Bloomberg News and the weakest level since February, according to figures from the New York-based private research group today. In another report home prices cooled, hurt by a slump in sales following the end of a […]
thestatedtruth.com | September 28, 2010
For the first time in at least a century, the proportion of U.S. adults between 25 and 34 who have never been married exceeded those who are married, according to data released Tuesday by the Census Bureau. In 2009, the proportion of adults 25 to 34 who had never been married was 46.3%, compared to 44.9% […]
thestatedtruth.com | September 27, 2010
Heightened Terror Threats In Europe WASHINGTON….. In an effort to preempt a suspected terrorist plot(s) against European targets, the Central Intelligence Agency has targeted missile strikes against militants in Pakistan’s tribal regions, according to current and former officials. The strikes, launched from unmanned drone aircraft, represent a rare use of the CIA drones to preempt a possible […]
thestatedtruth.com | September 27, 2010
It looks like we could have saved the U.S. tax payers a few trillion dollars if the government would have realized the basics of the problems a year and a half ago! New World Thinking: The government can save everything. Reality: The government can’t save anything but will try, in the process it will usually make things worse!  Paul Krugman […]
thestatedtruth.com | September 23, 2010
Sorry, But The Answer Of Too Much Debt Is Not More Debt In Price Is Knowledge If you told Rip van Bondtrader that gold had risen to a record during his decade-long slumber, he’d want to know what the inflation outlook was, and how badly he’d gotten killed on his bond investments. He’d be astonished to […]
thestatedtruth.com | September 21, 2010
From Art Cashin on the floor of the New York Stock Exchange………. China– Getting solid data out of China is never an easy task. The problem raises constant questioning of the validity of any data. That having been said, there are stunning numbers circulating on the real estate situation in China. There are said to […]
thestatedtruth.com | September 18, 2010
By Gary Shilling Consumers Go On Strike It wasn’t until late 2008 that we had the collapse in home equity as house prices nosedived (Chart 2), rising layoffs (Chart 3) and the drying up of consumer lending drove consumers into retrenchment. But they suddenly went on a buyers strike in the last four months of 2008, […]
thestatedtruth.com | September 17, 2010
By Bloomberg News September 17, 2010 The best returns in commodities over the next 12 months will probably be in energy and the biggest losses in agriculture, Goldman Sachs Group Inc. said. The bank is forecasting a 27 percent advance in energy over 12 months, a 17 percent jump in precious metals and a 15 […]
thestatedtruth.com | September 17, 2010
What happened to the recovery everyone was talking about a few months ago? Inquiring minds want to know! California’s unemployment rate rose to a three-month high of 12.4 percent in August as non-farm payrolls lost 33,500 jobs, the California Employment Development Department said. The jobless rate increased from 12.3 percent in July, the department said […]
thestatedtruth.com | September 17, 2010
Key words here: Households managed to pare down their debts for the ninth-straight quarter, largely by defaulting on mortgages and credit-card debts. The Federal Reserve reported Friday that household net worth—stocks, bonds, homes and other assets, minus mortgages and other debts—fell 2.8% to $53.5 trillion in the second quarter, driven by a sharp decline in […]
thestatedtruth.com | September 16, 2010
While the world is expected to reduce emissions to 50% by 2050 in the BLUE scenario, it is the OECD that will bear the real burden. Non- OECD countries can get away with just a 50% reduction; OECD countries are looking at cutting 70-80% of their 2007 emissions. This would mean that the electricity sector for […]
thestatedtruth.com | September 13, 2010
From John Williams of shadowstats.com……… – Protracted Economic Downturn Re-Intensifies – Systemic Stability: “Tap-Dancing on a Land Mine” – Risks of U.S. Dollar Instability and Systemic-Salvation Efforts Pose         Severe Inflation Threat www.shadowstats.com
thestatedtruth.com | September 12, 2010
09/12/2010 Scientific American has done a summary of peak commodity levels as well as depletion projections for some of the most critical resources in the world including oil, gold, silver copper, not to mention renewable water, as well as estimating general food prices over the next half century. Generally speaking, regardless of whether one believes […]
thestatedtruth.com | September 12, 2010
Nice to know that someone is on the job! WASHINGTON   Treasury Secretary Timothy Geithner said Washington can under cut an already slow economic recovery if it fails to provide quick support to business and individuals. “If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth […]
thestatedtruth.com | September 11, 2010
If not for record low interest rates, the Debt Service Ratio chart below would look a lot different! The consumer, and why the expectation (and reality) of deflation will keep U.S. buyers subdued, and continue to make the US economy ever more reliant on the government’s transfer payment, aka welfare, program. A very simple illustration of the […]
thestatedtruth.com | September 10, 2010
 More: http://www.moneytalks.net/images/stories/August_26/Psychological-Stages-of-a-RE-Bubble-Market1.png
thestatedtruth.com | September 10, 2010
Interesting fact…..stock market REIT ‘s (Real Estate Investment Trusts) are trading at near record highs. Of the $3.1 billion new delinquencies in August, $1.1 billion (36%) corresponded to hotel-backed loans, pushing the hotel-specific delinquency rate past 20%. Current delinquency rates by property type are as follows: –Hotel: 20.80% (from 18.64%) –Multifamily: 14.18% (from 13.87%) –Retail: […]
thestatedtruth.com | September 9, 2010
Shifting Demographics A factor affecting demand is shifting demographics. The Baby Boomer generation is no longer the consumption engine it has been to the US economy.  We have a generation that, as has been predicted for some time, is reducing its expenses but it may be even more dramatic than forecasted. With home housing […]
thestatedtruth.com | September 9, 2010
September 9, 2010 By Scott Stewart and Nate Hughes  Over the past decade there has been an ongoing debate over the threat posed by electromagnetic pulse (EMP) to modern civilization. This debate has been the most heated perhaps in the United States, where the commission appointed by Congress to assess the threat to the […]
thestatedtruth.com | September 8, 2010
Here is the key to this….In tracking mutual fund redemptions, net cash liquidity is now down to just 3.5% of assets. This is very negative data for the stock market. Domestic equity mutual funds saw $7.5 billion in outflows, it’s the biggest one week outflow since the $13.4 billion redeemed in the week of the Flash Crash. It’s […]
thestatedtruth.com | September 8, 2010
After two months of moderated growth in delinquent loans backing commercial mortgage-backed securities (CMBS), the delinquency rate in August increased 21 basis points to 8.92%, according to the analytics firm Trepp. It’s an increase from the 8.71% measured in July and another new record. The August delinquency rate is more than double the 4.03% rate […]
thestatedtruth.com | September 8, 2010
Between 1974 and 1982 nominal stock prices drifted slowly higher as corporate earnings picked up; thereby compressing valuations and ending the bear-market. But from the current look of things we are a ways from that outcome.   Â
thestatedtruth.com | September 8, 2010
Sounds like a hybred communist capitalist system is coming to Cuba soon. Maybe they will look to the Chinnese model for guidence! HAVANA   Fidel Castro told a visiting American journalist that Cuba’s communist economic model doesn’t work, in a rare comment on domestic affairs. Jeffrey Goldberg, a national correspondent for The Atlantic magazine, asked if Cuba’s […]
thestatedtruth.com | September 8, 2010
The Federal Reserve said the U.S. economy maintained its expansion while showing “widespread signs of a deceleration†in mid-July through the end of August, according to a survey by 12 regional Fed banks. The New York Fed reported “signs of decelerating†in the district, including “further deceleration†in manufacturing. The Philadelphia region said business conditions […]
thestatedtruth.com | September 7, 2010
Here is another government controlled project. These are unbelievable statistics. Simply beyond belief! Credit card debt peaked at $975 billion back in September of 2008 and is now down to $826 billion. Past and current students now carry a stunning $829 billion in student loan debt.   Fact:  You are not allowed to discharge student loan debt through bankruptcy. […]
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