thestatedtruth.com | December 28, 2010
So, just wondering why this is such a surprise to the media types……Incomes are down (based on taxes paid) according to Trim Tabs, and home ownership maintenance expenses are rising across the board, including real estate taxes. The baby boomers are net sellers, not buyers. The middle class is being squeezed. The demographic economic model is to downsize […]
Category: Charts and Graphs, Commentary, Economy, National News, Real Estate, Wall Street, World News |
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Tags: housing, housing prices, Real Estate
thestatedtruth.com | December 28, 2010
Economic Models And Business Strategies Explained With Cows  COMMUNISM: You have 2 cows. The State takes both and gives you some milk. FASCISM: You have 2 cows. The State takes both and sells you some milk. SOCIALISM: You have 2 cows. The State takes one of them and gives it to your work-shy neighbor. […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Counting Cows, Economic Models
thestatedtruth.com | December 28, 2010
MasterCard Spending Pulse Data showed average gasoline price for regular at 3.00/gallon. Gasoline spending rose 4.6% for the week and was 3.9% higher then one year ago same week.Â
Category: Commentary, Economy, National News, Oil and Nat Gas, Wall Street, World News |
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Tags: Gasoline demand up, Gasoline prices rising fast
thestatedtruth.com | December 28, 2010
Wow…The 111’th Congress sure packed a wicked punch. But we all know the old saying “records are made to be broken”…..Just wonder how long it will take to brake this one! (CNSNews.com) – The federal government has accumulated more new debt–$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: 111'th Congress, Congress 111'th
thestatedtruth.com | December 28, 2010
Hmm…… So many Americans have been jobless for so long that the government is changing how it records long-term unemployment.Citing what it calls “an unprecedented rise” in long-term unemployment, the federal Bureau of Labor Statistics (BLS), beginning Saturday, will raise from two years to five years the upper limit on how long someone can be […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street, World News |
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Tags: Government Changes Unemployment Formula, Unemployment Formula Changed
thestatedtruth.com | December 27, 2010
Doug Kass: Eight years ago, I set out and prepared a list of possible surprises for the coming year, taking a page out of the estimable Byron Wien’s playbook , who originally delivered his list while chief investment strategist at Morgan Stanley, then Pequot Capital Management and now at Blackstone. Importantly, my surprises are not […]
Category: Commentary, Economy, National News, Real Estate, Wall Street, World News |
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Tags: Doug Kass List Of Surprises
thestatedtruth.com | December 27, 2010
The median (defined as the amount separating the top 50% from the bottom 50% but not an average) retirement account for U.S. households is $2,000 (in other words half the population has more than $2,000 in retirement and half has less). This is why the vast majority of retirees depend on Social Security as their primary source […]
Category: Charts and Graphs, Commentary, Economy, National News, Pensions and Retirement, Wall Street, World News |
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Tags: Retirement Facts
thestatedtruth.com | December 26, 2010
Beware of the “Ides of March”….This makes all the sense in the world, as the second crisis will likely be bigger and more dynamic then the first one.  America is storing up a second financial crisis by keeping interest rates at record low levels, according to David Einhorn, the hedge fund manager who first publicly […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
52 Comments »
Tags: U.S. Interest Rates
thestatedtruth.com | December 26, 2010
U.S. gasoline prices hit an average $3 a gallon for the first time in more than two years, according to AAA’s Daily Fuel Gauge Report. But there is no oil or gasoline shortage….So inquiring minds ask how could crude oil and gasoline be at this price level given ample supplies, and a lack luster macroeconomic […]
Category: Commentary, Commodities, Economy, National News, Oil and Nat Gas, Wall Street, World News |
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Tags: Gasoline Price Breakdown
thestatedtruth.com | December 26, 2010
Nearly 100 U.S. banks that got bailout funds from the federal government now show signs they are close to failing. The total, based on an analysis of third-quarter financial results by The Wall Street Journal, is up from 86 in the second quarter, reflecting eroding capital levels, a pileup of bad loans and warnings from […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
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Tags: Banks In Je
thestatedtruth.com | December 25, 2010
David Rosenberg of Gluskin-Sheff checks in on Bloomberg. He’s keying off comments from Barclays’ Bomb Diamond about the possibility of a Euro breakup, which Rosenberg sees as possible. It’s a matter of “when” not “if” noting that it was actually Germany that first breached its debt limits, and pointing out that the history of monetary unions […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Euro Breakup
thestatedtruth.com | December 23, 2010
The recent jump in crude to around the $91 area has wiped out virtually the entire benefit from the just passed payroll tax “stimulus”. That’s just oil mind you, we haven’t even talked about the food inflation yet.  For every cent rise in gasoline,  the country loses $600 million in consumer buying power…….  And ….Every $1 rise […]
Category: Commentary, Commodities, Economy, Gold and Silver, National News, Oil and Nat Gas, Wall Street, World News |
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Tags: Oil $91, Oil Hike, Oil Tax
thestatedtruth.com | December 22, 2010
NYSE margin debt has surged to $269 billion showing an increase of $13 billion from the prior month.  This is the highest since September 2008 when NYSE margin debt was at $299 billion.  Stocks tumbled shortly there after as investors rushed to get out of margined positions. So, how does that old saying go…. Fool me once, shame on […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: NYSE Margin Debt
thestatedtruth.com | December 22, 2010
Nationally, property taxes now dominate local tax revenues. The problem is once the local government obtains that gargantuan revenue stream as it has, it becomes the “baseline of dependency” for all future years, and that’s exactly what’s going on now!  But there is a small ray of sunshine here.  A heads up…..Homeowners in most locales can […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street, World News |
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Tags: Property Tax Reduction
thestatedtruth.com | December 21, 2010
Sounds like something Ross Perot might have said with his pointer in hand……Let’s call it Economics 101. Governments will be forced to lay off workers and cut back on services, causing social unrest as the Muni issues are addressed. “States clearly have been funding municipal governments—for now up to 40 percent of their total expenditures,” Meredith Whitney explained. “As the […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Muni Defaults, Wake Up America
thestatedtruth.com | December 21, 2010
This pension issue will have to be addressed front and center very soon…..Virginia stopped requiring public employee pension contributions back in 1983, but the free lunch is now OVER! It’s a snow ball going down hill, and we all know how big the snow ball is at the bottom.  Kick the can down the road, until one day the […]
Category: Commentary, Economy, National News, Pensions and Retirement, Wall Street, World News |
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Tags: Public Retirement Plans At Risk
thestatedtruth.com | December 21, 2010
Auh, so my calculator doesn’t go that high, come again……..In layman terms, we’re talking about a trillion dollars!
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
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Tags: Fed Treasury Holdings
thestatedtruth.com | December 21, 2010
WikiLeaks recently said it would target a large U.S. bank.  Bank of America was the rumored victim. This has now been confirmed. Agence Press France is reporting: Julian Assange confirmed that WikiLeaks was holding a vast amount of material about Bank of America which it intends to release early next year.
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street, World News |
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Tags: Julian Assange Wikileaks Targets BofA
thestatedtruth.com | December 21, 2010
A group of 52 business and financial luminaries have signed an open letter to U.S. Regulators (Geithner, Bernanke, et al.) on the need for national standards on mortgages. The signators are an impressive yet eclectic group. As an example, we see Nouriel Roubini; William Dunkelberg (NFIB); Bob Eisenbeis; Chris Whalen and Jim Bianco. Many of […]
Category: Commentary, Economy, National News, Real Estate, Wall Street, World News |
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Tags: mortgage changes needed, Real Estate Suggestions
thestatedtruth.com | December 21, 2010
On or around this day in 1931, America was spiraling into the depths of the Depression. Thousands of banks had closed and there was a national panic that more closings might be imminent. And large corporations announced huge layoff programs, stunning many who thought they were safe. Those who had a job were grateful just to be […]
Category: Commentary, Economy, Inspirational, National News, Wall Street, World News |
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Tags: Rockefeller Center Christmas Tree
thestatedtruth.com | December 21, 2010
Jobs, Risk, Uncertainty & Next Year: An Elaboration December 21, 2010 Bob Eisenbeis is Cumberland’s Chief Monetary Economist. Prior to joining Cumberland Advisors he was the Executive Vice President and Director of Research at the Federal Reserve Bank of Atlanta. Bob is presently a member of the U.S. Shadow Financial Regulatory Committee and the Financial […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Cumberland Advisors Year End Update, New Years Forecast
thestatedtruth.com | December 20, 2010
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. It tracks worldwide international shipping prices of various dry bulk cargoes and provides “an assessment of the price of moving major raw materials by sea through 26 shipping routes measured on a timecharter and voyage basis”. So now you know!
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Baltic Dry Index Chart
thestatedtruth.com | December 20, 2010
Stay tuned…..This will be a big story, maybe as soon as tomorrow. A heads up, last Friday Bank of America blocked all of Wikileaks payments. So… Is that a hint of a nervous banker? According to an advance preview of an interview with Julian Assange by the Times of London’s Alexi Mostrous, the Wikileaks founder has announced […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
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Tags: Wikileaks " Targets A Big U.S. Bank"
thestatedtruth.com | December 20, 2010
$2 Trillion Debt Crisis Threatens To Bring Down 100+ U.S. Cities Way to go Meredith Whitney…..Logic says the states will be doing huge (really huge) cut backs and layoffs…..So inquiring minds want to know how the economy can grow in these circumstances. To all of the economists out there, it sounds like Meredith is one of the few that gets it! […]
Category: Commentary, Economy, Education and Schooling, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
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Tags: Bankrupt States, Broken States, States Are Broke
thestatedtruth.com | December 20, 2010
Isn’t it a little late for the ECU to be threatening about things here, the horse is already out of the barn! Does the ECU have an alternate plan or set of options here….Nope, that’s just what we thought, none! The European Central Bank warned Ireland that proposed legislation revamping the country’s financial system could threaten some of the ECB’s […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: ECU Warns Ireland
thestatedtruth.com | December 19, 2010
Oh please, they got to be kidding? What are they protesting? Did anyone protest when they made money in the stock market. NO! After the stock market plunged on Sunday by 552 points or 6.72%, angry investors took to the streets, “threw bricks at police, marched in the streets shouting slogans, and staged a sit-down protest.”  “The […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Sore Losers
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.
Category: Charts and Graphs, Economy, National News, Personal Net Worth, Wall Street |
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Tags: Stock Market Cycles
thestatedtruth.com | December 19, 2010
Some interesting changes were made on December 16’th concerning Credit Unions!  Stay Tuned! As of the end of  November, 372 federally insured credit unions with assets of $43.4 billion were designated as CAMEL code 4 or 5. In addition, there were 1,792 CAMEL 3 credit unions with assets of $158.2. Overall, 22.3 percent of all credit union assets are […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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Tags: credit unions, Credit Unions Rule Changes
thestatedtruth.com | December 19, 2010
Well, the receipts (aqua color) aren’t looking so good, but the outlays (red color) are rolling to the upside. Just the opposite of what should be happening. www.zerohedge.com Â
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: U.S. Budget Chart
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
Category: Commentary, Economy, National News, Personal Net Worth, Real Estate, Wall Street |
48 Comments »
Tags: Average Hourly Earnings Chart
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
Category: Charts and Graphs, Commentary, Economy, National News, Personal Net Worth, Wall Street |
48 Comments »
Tags: Wealth Gap Chart, Wealthy
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
Category: Charts and Graphs, Commentary, Economy, National News, Personal Net Worth, Wall Street |
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Tags: U.S. Tax Rate Chart
thestatedtruth.com | December 17, 2010
McDonald’s is the world’s largest distributor of toys, with one included in 20% of all its sales.  Each week nearly one-third of the U.S. population visits Walmart’s U.S. stores.  Last year Walmart sold more bananas than any other item.  Walmart is the largest overall employer in the USA.  Pages in the tax […]
Category: Commentary, Economy, National News, Wall Street, World News |
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Tags: Did You Know?
thestatedtruth.com | December 17, 2010
Liar Liar Pants On Fire! The chart below is total consumer credit outstanding. Interestingly, when we looked at it, somehow it showed an uptick. That seemed odd and didn’t square with the credit card data. Low and behold…… they (the government) now count student loans as consumer credit, whereas they did not in the past. Geez, so federally supported credit (ie. student-backed […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street, World News |
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Tags: consumer credit chart, new consumer credit rules of reporting
