New And Existing Home Sales
thestatedtruth.com | March 24, 2010
A Looming Trade War With China . . .
thestatedtruth.com | March 24, 2010
Gene Inger’s Daily Briefing . . . for Thursday March 25, 2010:  Good evening;  A looming trade war with China . . . superficially seems the least desirable tact, for both China and the United States. However, the trend has been building for a couple years now; as we’ve forewarned with respect to […]
Unintended Consequences…..
thestatedtruth.com | March 23, 2010
 States Sue Over Healthcare Overhaul By Pat Wechsler  March 23 (Bloomberg) — President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Florida, Texas and Pennsylvania are among 14 states that filed suit after […]
How The Middle Class Slowly Evaporated In The Last 40 Years
thestatedtruth.com | March 23, 2010
How the Middle Class Slowly Evaporated in the Last 40 Years – Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street. Posted: Tue, 23 Mar 2010 22:06:51 +0000 Some like to think that the middle class has always been a fixture of American society. In fact, the rise of a […]
U.S. States Assert Sovereignty
thestatedtruth.com | March 22, 2010
States Rebel Against Washington The pushback against federal power began under Bush, but may now be accelerating. Atlanta There’s an old joke in South Carolina: Confederate President Jefferson Davis may have surrendered at the Burt-Stark mansion in Abbeville, S.C., in 1865, but the people of state Rep. Michael Pitts’s district never did. With revolutionary die-hards […]
I.M.F. Gives Debt Warning For The Wealthiest Nations
thestatedtruth.com | March 22, 2010
I.M.F. Gives Debt Warning for the Wealthiest Nations BEIJING — The global economic crisis has left “deep scars†in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No. 2 official at the International Monetary Fund said on Sunday in Beijing. In […]
U.S. Stock Market Total Return %
thestatedtruth.com | March 21, 2010
The Elephant In The Room…..Over-The-Counter Derivatives, The Actual Worldwide Amount Is Likely In The 100’s Of Trillions And Maybe Quadrillions Of Dollars
thestatedtruth.com | March 20, 2010
Houeshold Financial Obligations Report……Looks Like We Still Have A Ways To Go!
thestatedtruth.com | March 19, 2010
Credit Card Rate Report….How Does Your Card Stack Up
thestatedtruth.com | March 19, 2010
The current national average interest rate for credit cards is 14.56 percent yet they are offering clients who want to save 0.1% or even lower on their savings account. In business lingo this is what you call the margin and it is gigantic. This is why the banking system is fundamentally flawed. They borrow taxpayer […]
Flow Of Funds Data
thestatedtruth.com | March 19, 2010
Saving and the restoration of the average family unit’s retirement coffers is what this is about. And in that case current and former officials should be encouraging building citizen savings; not just trying to return us as a nation to the irresponsible practices of the past, which would only help the Chinese economy more than […]
Stratfor………Military Priorities in Afghanistan
thestatedtruth.com | March 19, 2010
Military Priorities in Afghanistan  Gen. David Petraeus, commander of U.S. Central Command, testified before the House and Senate Armed Services Committees in Washington this week, saying that military progress in Afghanistan will be difficult this year. Afghan security officials recently have issued similar warnings, noting that the number of violent assaults is likely to […]
New York State Tax Refunds Put On Hold, Gov. Paterson Freezes $500 Million, $1.5 Billion In School Aid Next To Be Halted
thestatedtruth.com | March 18, 2010
Mar 18, 2010 6:16 am US/Eastern NEW YORK (CBS) ― For hundreds of thousands of New Yorkers, the check won’t be in the mail — at least not on time. New York State has stopped paying tax refunds and won’t start again until next month. The tax refund delay is part of a bigger cash […]
Broken Government Model…..Sallie Mae Sells Debt At Higher Rate Than Students Pay….No Wonder They’re Losing Money!
thestatedtruth.com | March 17, 2010
By Tim Catts and Sarah Mulholland March 17 (Bloomberg) — SLM Corp., the largest U.S. student-loan company, raised $1.5 billion in the bond market, paying more than it charges some borrowers to begin addressing $11 billion of bonds maturing through next year. Sallie Mae, as the company is known, sold $1.5 billion of 8 percent […]
Heads Up……2012 is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets.
thestatedtruth.com | March 17, 2010
California Teachers Going Home By The Thousands…..
thestatedtruth.com | March 16, 2010
Pink Slips Sent To Thousands Of Calif. Teachers By ROBIN HINDERY, Associated Press Writer Monday, March 15, 2010 California’s budget crisis could cost nearly 22,000 teachers their jobs this year. State school districts had issued 21,905 pink slips to teachers and other school employees by Monday, the legal deadline for districts to send preliminary layoff […]
Moody’s Fears The Worst As AAA States (Countries) Implement Austerity Plans….
thestatedtruth.com | March 16, 2010
Moody’s fears social unrest as AAA states implement austerity plans The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohnesion”, according to a report on sovereign debt by Moody’s. By Ambrose Evans-Pritchard Published: 6:48PM GMT 15 Mar 2010 The US […]
From Art Cashin On The Floor Of The New York Stock Exchange……….
thestatedtruth.com | March 16, 2010
Is It A Bluff Or Is It Battle Preparation? – Several blogs have picked up on reports that the U.S. may be transferring “bunker-buster bombs†to a base in the Indian Ocean. Here’s a part of a story in the Sunday Herald of Scotland: Hundreds of powerful US “bunker-buster†bombs are being shipped from California […]
The Set Up For Hyperinflation
thestatedtruth.com | March 16, 2010
When Money Supplies Go Wild! Â Â Â Â Â Â Â Â Â Â By James Turk The US money supply is much bigger than the official numbers indicate…$1.25 trillion bigger, to be exact. If you care about the value of the dollars in your pocket, this information should matter greatly to you. As the financial crisis has unfolded over the last two […]
New Stratfor Report
thestatedtruth.com | March 16, 2010
 . Germany: Mitteleuropa Redux By Peter Zeihan | March 16, 2010 The global system is undergoing profound change. Three powers — Germany, Iran and China — face challenges forcing them to refashion the way they interact with their regions and the world. We will explore each of these three states in detail in our […]
From John Mauldin’s “Outside The Box” Newsletter
thestatedtruth.com | March 15, 2010
For the last two years, Gallup has been asking 1,000 Americans every day how much they’ve been spending at stores, restaurants, gas stations, and online. The average for upper-income households–those with incomes above $90,000–in February plunged to a new low of $98, down 13% from January. The numbers aren’t seasonally adjusted, so the monthly changes […]
Makes Sense
thestatedtruth.com | March 13, 2010
Here Are The States Ranked Worst To First In Pension Liabilities……Pathedic, But Very Few Are Paying Attention To This
thestatedtruth.com | March 13, 2010
From Barron’s “The municipal-bond market, for one, seems vulnerable to the growing public pension mess. Warren Buffett, in his 2007 Berkshire Hathaway annual report, inveighed against the “woefully inadequate” funding in many public pension funds to meet “huge” promised payments to retirees. True to his word, Buffett has sold precious little municipal-bond insurance in a […]
Rick Rule: Systemic Shock Will Kill Sucker Rally
thestatedtruth.com | March 13, 2010
Source: TGRÂ Â 03/12/2010 Â Charismatic, articulate, contrary and persuasive, Rick Rule probably could draw an audience if he were talking about the weather. But combine his presence with character, knowledge, understanding, experience and a track record of success, particularly in the resource arena, and the crowd falls silent. People listen to what Rick has to say and, […]
Fannie and Freddie….We’re Talking $1.7 Trillion Dollars Of Total Debt, And They Need New Issuance Of $1.25 Trillion Dollars Of Mortgage Backed Securities
thestatedtruth.com | March 13, 2010
Cumberland Advisors What Is He Thinking? March 12, 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 Economist Roundtable. […]
The Emperor Has No Cloths
thestatedtruth.com | March 12, 2010
Silverstein May Default on Debt for 575 Lexington Now Faces “Imminent Default†On Debt Tied To The Property
thestatedtruth.com | March 11, 2010
Silverstein May Default on Debt for 575 Lexington By Brian Louis and David M. Levitt March 10 (Bloomberg) — New York developer Larry Silverstein, who teamed with the California State Teachers Retirement System to buy a 35-story skyscraper in 2006, now faces “imminent default†on debt tied to the property, Fitch Ratings said today. Silverstein […]
Income Tax Rates For The 10 Highest Tax Countries…..Hint, The U.S. Isn’t On This List!
thestatedtruth.com | March 11, 2010
Here‘s a rundown of average income tax rates for 10 high-tax countries, based on information from the Organisation for Economic Co-Operation and Development. The data are for 2008, the most recent numbers available.  10. Australia Income tax rates: Single, no child: 22.6% Single, two children: 22.6% One-earner married couple, no child: 19.1% One-earner married couple, two children: […]
A Little Color On State Bankruptcy Procedures
thestatedtruth.com | March 11, 2010
From Art Cashin on the floor of the New York Stock Exchange………A little color on state bankruptcy procedures.  California And Bankruptcy – Earlier this week Slate ran an informative piece explaining why California can’t go into bankruptcy. The simple reason is that there is no law to allow it to do so. Here’s a […]
This Chart Says It All…..Absolute Debt To GDP
thestatedtruth.com | March 10, 2010
Pimco’s El-Erian Says Public Finance Shock May Deepen
thestatedtruth.com | March 10, 2010
Pimco’s El-Erian Says Public Finance Shock May Deepen By Garfield Reynolds March 11 (Bloomberg) — Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances around the world may affect the global economy more than is currently realized. “The importance of the shock to public finances in advanced economies is […]
Oil Companies Looking At Permanent Refinery Cutbacks
thestatedtruth.com | March 10, 2010
The response to slumping gasoline use would likely mean higher prices for drivers.   Some of the nation’s biggest oil companies are looking at permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would almost certainly trigger higher prices for drivers. Energy companies are suffering huge losses from refining […]
Jim Sinclair’s Commentary
thestatedtruth.com | March 10, 2010
There are two considerations here……. 1. Wall Street owns Washington and derivatives are their main source of income. That makes it doubtful that meaningful changes will occur. Â 2. The argument will be that they did not play the euro short via CDS pressure on debt. They are correct. They played the debt itself short. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â […]
Stratfor……China’s Challenge
thestatedtruth.com | March 9, 2010
China’s Challenge March 9, 2010 | 0958 GMT  By Jennifer Richmond and Rodger Baker China’s National People’s Congress (NPC) remains in session. As usual, the meeting has provided Beijing an opportunity to highlight the past year’s successes and lay out the problems that lie ahead. On the surface at least, China has shown remarkable […]
It’s Starting To Happin Every Day….Top Aide Says Toledo Likely To Face “Fiscal Emergency”
thestatedtruth.com | March 9, 2010
It is happening everywhere. There is no way out that supports political expedience other than “QE to infinity.” If the Fed doesn’t play ball they are history. The shot caller is political expediency.          Jim Sinclair Top Bell aide says Toledo likely to face ‘fiscal emergency’ Potential strategy to secure labor concessions disputed. By IGNAZIO […]
Good Luck…..EU, Merkel Urge Swap Regulation As Greece Takes Plea To U.S.
thestatedtruth.com | March 9, 2010
EU, Merkel Urge Swap Regulation as Greece Takes Plea to U.S. By Rainer Buergin and Ben Moshinsky March 9 (Bloomberg) — The European Union’s top regulatory official said the bloc will consider banning “purely speculative†credit-default swaps as German Chancellor Angela Merkel called for a crackdown on derivatives trading to prevent a rerun of the […]
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