thestatedtruth.com | December 19, 2010
This chart pretty much sums things up……a trading range looks like the most likely scenario at best. If not, well…..everyone probably knows what the alternative would look like. Hint, the word starts with a D as in Down.
thestatedtruth.com | December 17, 2010
Real average earnings have not increased in 50 years…..So the next question is how do people make ends meet? We don’t know, that’s why we ask the question!  Were we better off in 1972 vs. 2010? Maybe so….  Read more: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#real-average-earnings-have-not-increased-in-50-years-6#ixzz18Q3QqKn9
thestatedtruth.com | December 17, 2010
The gap between the top 1% and everyone else hasn’t been this wide since the Roaring Twenties……  http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#the-gap-between-the-top-1-and-everyone-else-hasnt-been-this-bad-since-the-roaring-twenties-1
thestatedtruth.com | December 17, 2010
Tax rates are declining for everyone… But especially the top 1% . We would expect things to be pretty much the same in 2010 as they were in 2007. From: http://www.businessinsider.com/20-more-tax-facts-that-will-make-your-head-explode-2010-4#tax-rates-are-declining-for-everyone-especially-the-top-1-19
thestatedtruth.com | December 12, 2010
 “The top 1 percent of wage earners in America earned more than the bottom 48 percent of Americans. Source: Social Security Substantial income inequality is not the path to a strong and vibrant middle class. 17 percent of Americans are either unemployed or underemployed so the lower end of the curve is dragging more people […]
thestatedtruth.com | December 10, 2010
Economic Inequality…..we present a great 3 minute summary, which even a third or fourth grader will understand.   What is gradually becoming accepted as the most troubling social, economic and political development in America, namely a record amount of income,wealth and social inequality. From the CBS 60 Minute interview of Fed Chairman Ben Bernanke: Q: The gap between rich and poor in this […]
thestatedtruth.com | December 9, 2010
From the looks of this, it understates the actual wealth loss by about 2-4% This from todays Federal Reserve Z1 report……”business debt increased to an all time record high of $7,351 billion, an $82 billion increase in the quarter”…..so yes I know corporate cash is very high, but so is corporate debt…….they’re borrowing to put cash on […]
thestatedtruth.com | December 8, 2010
ICI reports equity domestic funds saw outflows of $1,801MM last week, which is the 31st consecutive outflow.Â
thestatedtruth.com | November 22, 2010
The Problem:Â Out of 113 million households, 1/100 of 1% rake in $10 million or more annually. As consumers, the top 5% carry the same weight as the bottom 80%. The top 10% take in 50% of the income. (The sources are listed in Two Americas: The Gap Between the Top 5% and the Bottom […]
thestatedtruth.com | November 14, 2010
thestatedtruth.com | November 3, 2010
Given the high market expectations, the US Federal Reserve had no choice but to announce a second tranche of quantitative easing, nicknamed QE2. But the measure is an inevitably blunt instrument for the difficult task of restoring growth and generating jobs. The benefits accruing to America come with burdens for other countries, and both could […]
thestatedtruth.com | October 25, 2010
This from The Wall Street Journal….Are they kidding?…….Nope…….You want civil unrest and riots, like they have in France,  just try to take away or cut the mortgage interest tax deduction……..and watch housing fall further at the same time. Any Senator or Congressman can be voted out of office if this happens, but not until next election unfortunately. Hot Hot Potatoes. Sacrosanct […]
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 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 11, 2010
MINIMUM Average Gross Income REQUIRED TO BE IN TOP 1% of TAXPAYERS 1980 — $ 80,580 1985 — $108,134 1990 — $167,421 1995 — $209,406 2000 — $313,469 2005 — $364,657 2007 — $410,096 2008 — $380,354 Figures from www.wsj.com
thestatedtruth.com | October 7, 2010
No surprise here, it’s called the prudent man’s rule! The only problem is the government isn’t leading by example. Consumer borrowing declined in August as Americans trimmed credit-card balances and remained reluctant to take on more debt as job losses climbed. Credit declined by $3.34 billion after falling a revised $4.09 billion in July. This was more […]
thestatedtruth.com | October 6, 2010
Middle Class Slams Brakes on Spending    By SARA MURRAY Middle-class Americans made their deepest spending cuts in more than two decades, slashing spending on such discretionary items as restaurant meals and alcohol during the recession. Households in the middle fifth of the population sliced their average annual spending to $41,150 in 2009, the Labor […]
thestatedtruth.com | October 1, 2010
Data from the new Census report created the following income distribution chart: So…..35% of U.S. households live on $35,000 or less.   Those making more than $100,000 fall under the top 20 percent category. But the real income disparity shows up clearly once you go over the $200,000 range. The top 20 percent of Americans made […]
thestatedtruth.com | September 23, 2010
According to David Rosenberg of Gluskin Sheff: Wages & salaries are still down 3.7% from the prior peak; Corporate profits are still down 20% from the peak; Real GDP is still down 1.3% from the peak; Industrial production is still down 7.2% from the peak; Employment is still down 5.5% from the peak; Retail sales […]
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 22, 2010
The stock market is now virtually unchanged in 2010, even as almost $80 billion in equity-capital has been withdrawn.  So here is the question: How is this possible? Well….it’s a deep subject and we don’t know! 20’th Consecutive Week Of Outflows Beginning on May 5, there have been 20 consecutive outflows from domestic mutual equity funds. […]
thestatedtruth.com | September 22, 2010
Next up….Currency evolved hyper inflation caused by the Fed’s actions to save the world, as the dollar becomes worth much less and commodities without debt attached go vertical (such as food, gold, silver, farm land etc.).  The only real question seems to be when, not if.  In the U.S. we are trying to work through the legacy of accumulating lots […]
thestatedtruth.com | September 20, 2010
According to calculations from the Federal Reserve, household wealth tumbled a whopping $17 trillion during the crisis – or about 27%. Since the depths of the crisis, however, Americans have recovered about $5 trillion of household wealth. Only $12 trillion to go! For perspective, $12 trillion is nearly equal to one year’s US GDP. It’s […]
thestatedtruth.com | September 18, 2010
Gary Shilling In terms of spending and saving, note that whatever has been going on in the consumer arena has been supported by massive federal stimuli. Those stimuli may persist at near current levels in future years due to chronic high unemployment, as noted in earlier Insights, but seems unlikely to rise at the rates […]
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
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
The median household income in the United States is $46,326. That means 50 percent of our population lives on $46,326 or less a year. Dual earner households have a higher median income at $67,348. To highlight this discrepancy, here is a chart showing how the household income is distributed: More at: http://www.mybudget360.com/how-much-does-the-average-american-make-breaking-down-the-us-household-income-numbers/
thestatedtruth.com | September 16, 2010
Incomes for the average U.S. household fell slightly last year after  substantial government aid and actions of families doubling up and young adults moving in with their parents muted the impact of the worst recession since the 1930s, the Census Bureau said Thursday. The bureau’s annual snapshot of American living standards also found that the fraction of Americans […]
thestatedtruth.com | September 6, 2010
Have you ever wondered about which countries have the biggest gold reserves or are the largest producers of gold? Gold Atomic Number: 79 Symbol: Au Atomic Weight: 196.9665 Discovery: Known since prehistoric time Word Origin: Sanskrit Jval; Anglo-Saxon gold; meaning gold – also Latin aurum, shining dawn  Carats and carobs The word ‘carat’ (the measurement for gold purity) comes […]
thestatedtruth.com | September 4, 2010
Even after looking at the market’s rebound from the lows of 2009, nest eggs remain severely impaired. As of the first quarter of 2010, net household assets—homes, 401(k) plans, pension assets and other investments minus debts—stood at $54.6 trillion, down an average of 18% from the end of 2007.  We actually think the losses are higher but we’ll […]
Coming Soon
bank owned banks congress consumer credit debt Economy education equity fund flow data food stamps foreclosures Free Money gdp gold Government Greece housing inflation Interest rates japan Middle East Money mutual fund outflows net worth new normal Oil pensions PIMCO politics Quote of the Day Real Estate Recession retirement Rich Rich man spending stock market Student Loans taxes tid bits unemployment Wall Street war Wealth Wealthy weather
Copyright © 2024 The Stated Truth
