thestatedtruth.com | February 3, 2012
The devil’s in the details, read it and weep! Non Farm Payrolls Soar By 243K, Unemployment Rate Drops To 8.3% Whopper of a NFP (non farm payroll) number, which prints at 243K, higher than the biggest forecast of 225K, on consensus expectations of 140K, the biggest jump since February 2009. But the devil’s in the […]
thestatedtruth.com | January 31, 2012
Looks like we have slow learners here, folks…..$100 billion in write downs, give me a break! Shipping Loans Now Go Bad For European Banks With China rolling over, the large ship containers are increasingly lined up and stacked in Asian harbors around the world. The IHT is out quoting industry observers stating that European banks may be […]
thestatedtruth.com | January 31, 2012
Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment! The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase […]
thestatedtruth.com | January 31, 2012
More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]
thestatedtruth.com | January 30, 2012
It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060. And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]
thestatedtruth.com | January 25, 2012
Bill Gross of PIMCO explains Fed decision on Tweeter www.zerohedge.com
thestatedtruth.com | January 25, 2012
The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)! FED Summary: No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]
thestatedtruth.com | January 24, 2012
Apple is the American success story of the century. This is one large pile of cash! After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities). The company’s total cash and equivalents horde is now just shy of […]
thestatedtruth.com | January 22, 2012
Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK! Hmm…So far, so good!
thestatedtruth.com | January 18, 2012
IMF: 2 Year “Funding Gap” Hits $1 Trillion IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN Fed Officials Open to Additional Easing as They Monitor Risks to Economy Federal Reserve officials are staying open to further monetary easing this year as they […]
thestatedtruth.com | January 17, 2012
No wonder the U.S. is telling Israel to cool they’re heals about Iran…if you want to make a bad situation worse, then start a war in the Middle East and watch oil go to $200 a barrel, then presto, a world depression that would make the 1930’s look like a picnic! World Bank Cuts Economic Outlook, […]
thestatedtruth.com | January 17, 2012
This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]
thestatedtruth.com | January 15, 2012
Guess the idea is….why waste money on an exercise if the real think is coming? Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]
thestatedtruth.com | January 12, 2012
While most of the U.S. has had a very mild winter, that is not the case in Alaska. ANCHORAGE, Alaska The worst winter anyone can remember in Alaska has piled snow so high people can’t see out the windows. More than twice the normal snow has already been dumped on Anchorage! “The scary part is, we still have three […]
thestatedtruth.com | January 12, 2012
It’s all about demographics my dear Watson….here’s some food for thought! First up let’s study a graph of the Census Bureau historical and forecast data for the peak-spending cohort population in the U.S. from 1980 to 2050. The Age 45-49 cohort peaked in 2009 and will bottom out in 2022 after an estimated decline of […]
thestatedtruth.com | January 12, 2012
The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice. This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]
thestatedtruth.com | January 10, 2012
One more” bonus baby” and they’re sold out! Unbelievable…At the North American International Auto Show in Detroit, Aston Martin’s Julian Jenkins reveals that its One-77 model at a price point of about $1.9 million is one unit away from sold out.
thestatedtruth.com | January 10, 2012
This is truly a statement about the rich. Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records. Sales of […]
thestatedtruth.com | January 9, 2012
PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think. EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]
thestatedtruth.com | January 9, 2012
Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast. This will be double trouble. PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit data from the Fed shows a stunning November in which U.S. households borrowed […]
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
Can anyone guess where Vizio is located….Nope, didn’t think so, it’s not over seas, but in Irvine, California. That’s BACK in the good old U.S.A. Who knows, maybe this even becomes a trend. Bloomberg: Vizio Inc., the television maker that helped drive higher-cost rivals out of the business with rock-bottom prices, plans to bring the […]
thestatedtruth.com | January 7, 2012
We get the drift, but does the EU (European Union)? George Soros said “Today, the euro is potentially endangering the political cohesion of the European Union,” according to the Business Line newspaper in the south Indian city of Hyderabad. “If the common currency were to break down, it will lead to the break up of […]
thestatedtruth.com | January 6, 2012
We will be tested on this one, the new normal “just in time” economy may not be such a good idea, after all! The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, […]
thestatedtruth.com | January 5, 2012
Bridgewater Review For 2012 This Bridgewater review of 2012 is highly regarded. I have highlighted it below…..everyone should print this out and post it in a viewable place. These guys run the largest hedge fund in the world and are among the top 5 smartest managers anywhere. They’re not always right, but they are right more often […]
thestatedtruth.com | January 5, 2012
Folks, this is starting to look like a trend. It may be a combination of things, i.e., less driving, newer cars with better mpg, and older demographics in play (which means less driving) or….it could just be a freak of nature? Never the less, prices have come down, but not as much as one would surmise in retrospect. We’ll remind […]
thestatedtruth.com | December 28, 2011
The message is clear…. Reuters: U.S. FIFTH FLEET SAYS ANY DISRUPTION OF NAVIGATION IN HORMUZ STRAIT “WILL NOT BE TOLERATED” The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the strategic oil route. “The free flow […]
thestatedtruth.com | December 22, 2011
The head of the world’s biggest bond fund said he sees a more than 1 in 3 chance that the euro zone will break apart and trigger a financial crisis akin to the one that devastated the global economy in 2008. From Bloomberg: “It would be the equivalent of a sudden stop in which financial markets seized […]
thestatedtruth.com | December 17, 2011
The U.S.consumer debt situation remains a major problem and is far from its normal boundaries. It will remain so for some time to come, and we mean years! Here’s an updated look at the U.S. consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Even after all the […]
thestatedtruth.com | December 15, 2011
According to the Australian Finance Review, banks down under “have been given 1 week by regulators to stress test how they would handle a spike in joblessness and a plunge in home prices spurred by EU debt crisis.” Bloomberg First Word describes for us what the article says: Australian Prudential Regulation Authority envision worst-case scenario of […]
thestatedtruth.com | December 12, 2011
The President says…”We want our Drone back!” But… It’s more likely that the clone masters in China have already bought the original and built a million cheap imatation drones. ABC reports in connection with President Obama’s handling of this embarrassing predicament, “”We’ve asked for it back. We’ll see how the Iranians respond,” the President said at a news conference. He wouldn’t comment […]
thestatedtruth.com | December 5, 2011
thestatedtruth.com | December 4, 2011
Banks are a moving target for a reason in the new World normal… Pressure is growing on Berlin over the weekend as there are rumors that COMMERZBANK, Germany’s second largest bank, will have to be nationalized. It means that the solvency of GERMAN banking is being challenged. If COMMERZBANK fails then one of the most levered banks in […]
thestatedtruth.com | November 30, 2011
Hmm…this is speculative in nature, but here’s an interesting question: Just how bad was the situation, if the global central banking cabal had to intervene all over again, and just what was not being told to the general public? Forbes may have one explanation: “It appears that a big European bank got close to failure […]
thestatedtruth.com | November 30, 2011
From PIMCO cofounder Mohamed El-Erian: The coordinated action “lowers the cost of emergency funding and increases the scope,” Central banks “are seeing something in the functioning of the banking system that worries them”. Six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to […]
thestatedtruth.com | November 15, 2011
This is almost too ridiculous to review…….Nearly $100 million of tax dollars went to lucrative pay packages for top executives at (almost bankrupt) Fannie Mae and Freddie Mac, filings show. Geez The latest cost estimate from FHFA is that the two bailouts will end up costing taxpayers about $124 billion through 2014, though that figure […]
thestatedtruth.com | November 14, 2011
This is all very positive for the U.S. So, now you know. The longest and deepest recession in the post-war period reduced oil consumption by 12.8%. At the same time production is bouncing to the upside. The next thing you know, the price of gasoline will start to drop…or perhaps it defies the law of gravity […]
thestatedtruth.com | November 14, 2011
If America ends up with one of these Republican muppets it is doomed, no… really, we’re doomed….and why do we say that….read on! A simple question: Do you agree with the way President Obama handled Libya? “I do not agree with the way he handled it for the following reasons – um, no, that’s a different one,” […]
thestatedtruth.com | November 13, 2011
Excuse us, but… didn’t the government just say a week or so ago that there wasn’t much to worry about with inflation? Um, Yep…that’s what they said. Liar Liar Pants On Fire! The cost of a Thanksgiving dinner in the U.S. will jump 13 percent this year, the biggest gain in two decades, as prices rose […]
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