Are There Clear Blue Sky’s Ahead…….Yes, Just A Matter Of A Little Fire And Ice First
thestatedtruth.com | November 2, 2009
Isn’t The Horse Already Out Of The Barn……Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors On Compensation Issues
thestatedtruth.com | November 1, 2009
Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors By Craig Torres and Ian Katz Oct. 31 (Bloomberg) — The chief executive officers of 28 of the largest U.S. banks have been summoned to meet with supervisors at Federal Reserve banks to discuss new rules on compensation, said a person familiar with […]
Ok….. Now We’ll See if The Stimulus Works Longer Term, If It Does, Things Should Start Rolling Soon In The United States!
thestatedtruth.com | November 1, 2009
China’s Recovery Strengthens, Adding Room for Stimulus Cuts By Bloomberg News Nov. 2 (Bloomberg) — Chinese manufacturing data for October showed the nation’s economic recovery is strengthening, giving policy makers more room to pare stimulus measures in coming months. The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months, […]
Sounds Good, But Do Any Of Us Need More Debt At This Time? Geithner Urges Banks to Resume Lending
thestatedtruth.com | November 1, 2009
Geithner Urges Banks to Resume Lending, Help Recovery By Alison Fitzgerald Nov. 1 (Bloomberg) — U.S. Treasury Secretary Timothy Geithner said the country’s economic recovery and job creation hinge on banks taking more risk and restoring the flow of credit to businesses. “The big risk we face now is that banks are going to overcorrect […]
Commercial Lender CIT Group Seeks Bankruptcy Protection After Bailout
thestatedtruth.com | November 1, 2009
CIT Group Seeks Bankruptcy Protection After Bailout By Tiffany Kary, Dawn McCarty and Lester Pimentel Nov. 1 (Bloomberg) — CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout failed. New York-based CIT listed $71 billion in […]
Personal Savings As A Percentage Of Disposable Income
thestatedtruth.com | October 31, 2009
White House Using Unrealistic Assumptions For Annual Budget Deficits……..
thestatedtruth.com | October 31, 2009
“Inflation is a monetary phenomenon, as Milton Friedman said. But hyperinflation is always and everywhere a political phenomenon, in the sense that it cannot occur without a fundamental malfunction of a country’s political economy.” Look at the chart below. Using realistic assumptions, It suggests that the annual US government fiscal deficit will approach $2 trillion […]
Flying Pigs…..Banks Get New Rules on Property
thestatedtruth.com | October 31, 2009
A Â bunch of crap……….Banks have generally been keeping a lid on commercial real-estate losses by extending these mortgages upon maturity. However, that practice, billed by many industry observers as “extending and pretending,” has come under criticism by some analysts and investors as it promises to put off the pains into the future. Â Â Banks Get […]
Something Fishy Is Going On With The Dollar…….Just How Close To A Currency Disaster Are We?
thestatedtruth.com | October 28, 2009
GMAC (The Car Financing Arm) Needs Another Government Injection (Its 3rd) Of $2.8 To $5.6 Billion
thestatedtruth.com | October 27, 2009
The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has received since December 2008, these people said. The latest infusion would come in the form of preferred stock. The government’s 34% stake in the company could increase if […]
Banks Say To Government…..Better You Take The Risk On Our Loan Portflio Then Us!
thestatedtruth.com | October 26, 2009
Here Comes The Second Wave Of Mortgage Problems
thestatedtruth.com | October 26, 2009
 Subprime resets crushed the housing market in ’07 and ’08. Now a new wave of adjustable-rate mortgages is just around the corner. “These helped frame where we are in the mortgage crisis,â€Â “which has been the main shark in the water over the past couple of years. You should know where that shark is […]
The Value Of Debt Relief
thestatedtruth.com | October 25, 2009
Debts have value only to the extent that they are being paid, and a rapidly rising number of U.S. households aren’t doing so. Those defaults are leading to losses at banks, a wave of foreclosures, trouble for neighborhoods and strife for families. But they are also providing an immediate, albeit radical, form of debt relief. […]
Commercial Real Estate Bust Looms Dead Ahead
thestatedtruth.com | October 23, 2009
Commercial Real Estate Bust Looms By John W. Schoen Thurs., Oct . 22, 2009 That big whoosh you’re hearing is the air rushing out of a commercial real estate bubble. More than two years into the worst housing crisis in decades, commercial real estate is shaping up as the second half of what some are […]
It’s Not Question Of If, But Only A Question Of When!
thestatedtruth.com | October 20, 2009
Oct. 20, 2009, 12:25 p.m. EDT Hedge Manager Sprott Sees Trouble  US government is new “dead man walking” By Alistair Barr, MarketWatch NEW YORK (MarketWatch) – When so-called quantitative easing by central banks ends, the world economy may slip back into trouble, Canadian hedge fund manager Eric Sprott warned on Tuesday. Toronto-based Sprott called […]
Einhorn Bets On Major Currency ‘Death Spiral”
thestatedtruth.com | October 19, 2009
Oct. 19, 2009, 2:39 p.m. EDT NEW YORK (MarketWatch) — Greenlight Capital is betting on the possibility of a major currency collapse and a surge in interest rates, the hedge-fund firm’s manager David Einhorn said Monday, citing ballooning government deficits in some of the world’s most developed countries. Einhorn, who warned about Lehman Brothers’ frailty […]
Is He Kidding? Ted Turner Only Worth About 1.8 Billion Now, Has To Live With Less…..Say’s “You Know, If You Economize And Don’t Buy Any New Airplanes Or Long Range Jets, You Can Get Buy On A Billion Or Two”
thestatedtruth.com | October 18, 2009
Turner Lost CNN, Fonda, Fortune, Feels ‘Like a Dummy’ By Brett Pulley and Anita Sharpe Oct. 16 (Bloomberg) — Ted Turner, the cable television pioneer who became one of the richest Americans, recalls the pain of losing his job at Time Warner Inc., his wife, the actress Jane Fonda, and $7 billion of his fortune. […]
U.S. Has record Budget Deficit……..
thestatedtruth.com | October 16, 2009
Geithner Says U.S. Must Instill Confidence in Fiscal Management By Robert Schmidt Oct. 16 (Bloomberg) — Treasury Secretary Timothy Geithner said the U.S. must reduce its record budget deficit as soon as the economy returns to a sustainable growth rate without relying on government assistance. “Americans understand that we have to go back to living […]
More On Problem Mortgages…….
thestatedtruth.com | October 15, 2009
“US foreclosures jumped to an all-time high of 937,840 in the third quarter,” writes Ian Mathias in today’s issue of The 5 Min. Forecast. “That’s a 23% rise from the same time last year, says a report from RealtyTrac today. One in every 136 households received a filing – also a record. Once again Nevada […]
Dow 10,000….That Was Then, This Is Now
thestatedtruth.com | October 15, 2009
That Was Then, This Is Now – In his terrific “Big Picture†blog, Barry Ritholtz cited a neat 1999 comparison by Peter Boockvar. Here’s the citation…… With the DJIA approaching 10,000 again, let’s reminisce about 1999, the year it first passed that magic level on March 29th. Millennium by the Backstreet Boys was the best […]
States’ Tax Revenue Fell Record $63 Billion in Year
thestatedtruth.com | October 15, 2009
States’ Tax Revenue Fell Record $63 Billion in Year By Michael Weiss Oct. 15 (Bloomberg) — States’ tax revenue fell a record $63 billion during the fiscal year ended June 30, the Nelson A. Rockefeller Institute of Government, an Albany based research organization, said in a report released today. The data, based on U.S. Census […]
U.S. Foreclosure Filings Jump 23% to Record in Third Quarter
thestatedtruth.com | October 15, 2009
U.S. Foreclosure Filings Jump 23% to Record in Third Quarter By Dan Levy Oct. 15 (Bloomberg) — U.S. foreclosure filings climbed to a record in the third quarter as lenders seized more properties from delinquent borrowers, according to RealtyTrac Inc. A total of 937,840 homes received a default or auction notice or were repossessed by […]
Boomers Have Their Backs Against The Wall…..
thestatedtruth.com | October 14, 2009
by Bill Bonner London, England Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it […]
China And Exxon Mobil Are Locked In A Bidding War Over Large New Oil Find…..
thestatedtruth.com | October 14, 2009
“China National Offshore Oil Corp and Exxon Mobil are about to enter a bidding war over oil-rich water near Ghana. At stake is ‘Jubilee,’ a recently discovered offshore site that probably holds a couple billion barrels of oil. This isn’t China’s state-owned offshore oil company’s first foray into the global energy grab, but its one […]
So Now You know……October 13,1792
thestatedtruth.com | October 13, 2009
October 13, 1792 White House Cornerstone Laid The cornerstone is laid for a presidential residence in the newly designated capital city of Washington. In 1800, President John Adams became the first president to reside in the executive mansion, which soon became known as the “White House” because its white-gray Virginia freestone contrasted strikingly with the […]
The Gap In The GAPP……………..
thestatedtruth.com | October 12, 2009
The fiscal condition of the United Sates has deteriorated dramatically during the last several years. On the basis of current obligations, US indebtedness totals “only” about $12 trillion. But when utilizing traditional GAAP accounting – the kind of accounting that every public company in the United States MUST use – US indebtedness soars to $74 […]
Consumer Credit Plunging In A Free Fall
thestatedtruth.com | October 12, 2009
 Interesting huh? Consumer credit has fallen off a cliff. What does that mean exactly? It means Americans aren’t borrowing…and they aren’t buying either. From The Daily Reckoning
Killing The Goose That Layed The Golden Egg…..By John Mauldin
thestatedtruth.com | October 11, 2009
Thoughts from the Frontline Weekly Newsletter Killing the Goose by John Mauldin October 9, 2009 In this issue: Killing the Goose What Were We Thinking? Let’s Play Turn It Around Detroit, the Red Sox and the Yankees, and Traveling Too Much  Peggy Noonan, maybe the most gifted essayist of our time, wrote a few weeks […]
What A Bunch Of Morons……
thestatedtruth.com | October 8, 2009
 How can they lose this much money?    Oh, they’re giving loans to the same home buyers that wiped out sub prime. The Federal Housing Administration, which insures mortgages with low down payments, may require a U.S. bailout because of $54 billion more in losses than it can withstand, a former Fannie Mae executive said. It […]
This Is One Very Big Company…….
thestatedtruth.com | October 6, 2009
Exxon Mobil Passes PetroChina as World’s Most Valuable Company By Joe Carroll Oct. 6 (Bloomberg) — Exxon Mobil Corp. overtook PetroChina Co. as the world’s most valuable company, ending a four-month reign by the Beijing-based oil producer after price controls in China failed to keep pace with rising crude costs. State-controlled PetroChina’s Shanghai-traded shares have […]
Annual Per Capita GDP……And Japan’s Stunning Revaluation
thestatedtruth.com | October 3, 2009
 Only 20 years ago every broker was convinced Japan would soon be the world’s economic powerhouse. Eight of the world’s ten biggest companies were Japanese in 1988. Today, the biggest (Toyota) is 22nd and only five others are in the top 100.  Stunning to say the least…………………
Consumer Protection, Now That’s A Noble Idea
thestatedtruth.com | October 1, 2009
Bernanke Urges ‘Strong’ Consumer Protection in House Testimony By Scott Lanman and Craig Torres Oct. 1 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke told lawmakers that protecting consumers of financial services is “vitally important,†while omitting prior criticism of an Obama administration proposal to shift such powers from the Fed to a new agency. […]
Top Ten Oil Consumers Of The World…..Nothing Surprising Here
thestatedtruth.com | September 30, 2009
Paul Volcker Unleashes Another Volley On The Wizards Of Wall Street
thestatedtruth.com | September 24, 2009
Volcker Unleashes Volley By Larry Doyle|Sep 24, 2009, 1:00 PM I find it interesting, but not surprising, that former Fed Chair Paul Volcker’s testimony to Congress this morning has received little to no coverage by major media outlets. Why? With few exceptions, the financial media plays along with the financial industry which pays the bills […]
World Gold Holdings And One Reason For A Lower Dollar………………
thestatedtruth.com | September 22, 2009
Subscribe
Recent Posts
-
Podcasts
Coming Soon
-
Tags
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
Meta
Copyright © 2026 The Stated Truth