This Just In From Jim Sinclair, The Most Successful Commodity Metals Trader Of All Time………………..
thestatedtruth.com | September 21, 2009
China, Russia and the rest of the BRICs will bring the Super Sovereign Currency alternative to the G20 discussion. We have seen that developing over the last few weeks. We know that the main thrust of the G20 where the West is concerned is banking regulations and a unified commitment not to withdraw from anti-deflationary, […]
“Payment Option ARMs Mortgages Are About To Explode,”
thestatedtruth.com | September 18, 2009
“Option” Mortgages To Explode  Thu Sep 17, 2009 By Lisa Lambert WASHINGTON (Reuters) – The federal government and states are girding themselves for the next foreclosure crisis in the country’s housing downturn: payment option adjustable rate mortgages that are beginning to reset. “Payment option ARMs are about to explode,” Iowa Attorney General Tom Miller […]
BlackRock’s Fink Says Obama Rules Threaten Home Loan Markets
thestatedtruth.com | September 18, 2009
So, the banks are told to re write first mortgages, and write off home equity loans and second trust deeds. It sounds like they are doing that, unless the servicier is also the provider of the second (the 4 largest servicers are BofA, JP Morgan, Wells Fargo and Citi)…..in which case they ask (demand) the homeowner to acept new terms on the home equity and second trust deeds or they won’t rewrite the first morgages. This then allows the servicing bank to show the home equity and seconds as performing loans and they then don’t have to show the write off on their books…. Thieve’in Banks…….Thats what we have here.
Mad As Hell About Bankers And Wall Street Pay…….
thestatedtruth.com | September 18, 2009
How Does Your Wealth Stand Up To The Averages………
thestatedtruth.com | September 18, 2009
Total houehold wealth is up 3.9% April through June 2009, but  is still down by 19% from the high reached back in the third quarter of 2007. To put things into another perspective, just do tthe math on the next chart from 2007.  To do the math….hint, we are subtracting  the 19% loss that we’ve had since the third quarter 2007  from […]
FDIC Insurance Funds Are Running Out………….
thestatedtruth.com | September 17, 2009
The Bloomberg Professional Confidence Index Shows Global Economy Is Trending To The Upside……
thestatedtruth.com | September 16, 2009
The Bloomberg Professional Confidence Index Global Economy is comprised of responses about the outlook for the global economy, from users globally. A value above 50 indicates a positive sentiment about the global economy from all Bloomberg respondents
Tell Tale Signs Of Things Slowly Getting Better…………
thestatedtruth.com | September 16, 2009
Poverty Top 10 Cities In The United States……….
thestatedtruth.com | September 13, 2009
City, State, % of People Below the Poverty Level 1. Detroit , MI 32.5% 2. Buffalo , NY 29.9% 3. Cincinnati , OH 27.8% 4. Cleveland , OH 27.0% 5. Miami , FL 26.9% 5. St. Louis , MO 26.8% 7. El Paso , TX 26.4% 8. Milwaukee , WI 26.2% 9. Philadelphia , PA 25.1% […]
Hmm……We’ve Seen This Chart Before, Haven’t We……….
thestatedtruth.com | September 13, 2009
This Just Proves A Really Bad Year Can Happen To Anyone…….
thestatedtruth.com | September 10, 2009
Harvard Investments Lose 27.3% By Gillian Wee Sept. 10 (Bloomberg) — Harvard University, the wealthiest U.S. school, said its investments fell 27.3 percent in the past year, a $10.1 billion loss that was smaller than President Drew Faust’s forecast in December before markets started to recover. The endowment declined to $26 billion from $36.9 billion […]
A Picture ( IN This Case 2) Is Worth A Thousand Words
thestatedtruth.com | September 9, 2009
The Chart Below Shows Just How Fast Income Taxes Are Falling…….Are The Economists Paying Attention
thestatedtruth.com | September 5, 2009
States, counties, and cities are having to make deep cuts, in both jobs and programs. Today’s Wall Street Journal talks about the cuts in state after state. States cannot print money like the US can, so at some point they have to either raise taxes or cut spending to balance their budgets. Raising taxes just […]
Hmm……Rising Wages-Federal Government Workers Lead The Way
thestatedtruth.com | September 5, 2009
Interesting statistic. Want to know where wages are rising? Think federal government workers. The gap between civilian and government workers was less than $13,000 nine years ago, but now is almost $30,000. Inflation has been 24%, but government wages are up 55%. According to a recent release from Rasmussen Reports, a government job remains “the […]
Pace Of Delinquencies For Prime Borrowers Exploding Higher……………
thestatedtruth.com | September 3, 2009
More Pain Felt by ‘Prime’Borrowers By ROBIN SIDEL SEPTEMBER 4, 2009 The long recession and rising joblessness are taking an increasing toll on the nation’s most credit-worthy borrowers, who are now falling behind on their mortgage and credit-card payments at a faster pace than people with poor financial histories. The mortgage-delinquency rate among so-called subprime […]
Natural Gas Prices Crash And Burn………
thestatedtruth.com | September 3, 2009
Natural Gas Tumbles to Lowest Since March 2002 on Supply Gain By Reg Curren Sept. 3 (Bloomberg) — Natural gas futures extended a decline in New York, falling to the lowest level since March 2002, after a government report showed stockpiles expanded more than average to a record for this time of year. Supplies rose […]
Giant New U. S. Oil Find In Gulf…..The Tiber Prospect In The Gulf Of Mexico May Contain More Than 3 Billion Barrels of Oil
thestatedtruth.com | September 2, 2009
BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico By Eduard Gismatullin Sept. 2 (Bloomberg) — BP Plc, Europe’s second-largest oil company, reported a “giant†discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well. The well is located about […]
Sometimes A Picture Is Worth A Thousand Words…………
thestatedtruth.com | September 1, 2009
 Sheila Bair was very candid about commercial defaults being more of a driver of lots of bank failures this Fall. This is precisely the type of issue we’ve been concerned of. The references some are making about the ‘stress tests’ being feather tests of banks, is something we’ve argued all along; based on ridiculous […]
A Chinese Default On OTC Derivitives Would Send Markets Into A Spiro Downward…
thestatedtruth.com | September 1, 2009
China Warns Banks on OTC Hedge Defaults -Report BEIJING, Aug 29 (Reuters) – Chinese state-owned enterprises (SOEs) may unilaterally terminate derivative contracts with six foreign banks that provide over-the-counter commodity hedging services, a leading financial magazine said. China’s SOE regulator, the State-owned Assets Supervision and Administration Commission (SASAC), had told the financial institutions that SOEs […]
Bill Gross of PIMCO Says Housing New Normal Is Lower From Here…….
thestatedtruth.com | September 1, 2009
Housing Won’t Lead U.S. Out of Recession, Gross Says By Susanne Walker Sept. 1 (Bloomberg) — Housing won’t lead the U.S. out of its recession, Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., wrote in his September investment outlook. There has been a significant break in the traditional economic […]
Rick Ackerman: True Bottom Lies Far, Far Below……Ditto On That One
thestatedtruth.com | August 31, 2009
By: Rick Ackerman Rick’s Picks Monday, August 31, 2009 “Phenomenally accurate forecastsâ€Â  Because we never shared investors’ wild enthusiasm for Cerberus, its near-collapse in recent days hardly came as a shock. The once-huge private-equity firm specialized in distressed assets at a time when even the bluest of blue-chip companies – the name Lehman Brothers springs […]
Banks Still Hurting In A Big Way……..
thestatedtruth.com | August 31, 2009
“Friday’s edition of The Wall Street Journal picks up on the theme of the long road of pain ahead for bank shareholders in the US,†colleague Dan Amoss tells us. “In ‘Banks on Sick List Top 400,’ the WSJ details several ugly highlights from the latest FDIC Quarterly Banking Profile, published last Thursday. “Here are […]
Swine Flu Spreading at ‘Unbelievable’ Rate: WHO…..This Could Take The Economies Of The World Down Faster Then Derivitives Did
thestatedtruth.com | August 30, 2009
Swine Flu Spreading at ‘Unbelievable’ Rate: WHO PARIS — Swine flu spreads four times faster than other viruses and 40 percent of the fatalities are young adults in good health, the world’s top health official warned in an interview appearing Saturday. “This virus travels at an unbelievable, almost unheard of speed,” World Health Organisation Director […]
We’ve Visited This Before, But It’s Very Important To Economic Growth………
thestatedtruth.com | August 29, 2009
Let’s Revisit The Debt-GDP Ratio………….
thestatedtruth.com | August 29, 2009
Fed Urges Secrecy on Banks in Bailout……….
thestatedtruth.com | August 27, 2009
Fed Urges Secrecy on Banks in Bailout   Thursday    Aug 27, 2009 12:27pm EDT * Fed urges judge not to enforce order pending appeal * Banks say disclosure could cause loss of confidence By Jonathan Stempel NEW YORK, Aug 27 (Reuters) – The U.S. Federal Reserve asked a federal judge not to enforce her […]
It’s All About Oil and The Economy……….
thestatedtruth.com | August 26, 2009
According to the US Department of Energy, liquid fuel demand in the developed nations peaked in August 2005 at 41.89 million barrels per day. Since then, it has plunged by 3.6 million barrels per day to 38.27 million barrels per day. However, you may want to note that despite these tough economic conditions, consumption has […]
The U.S. Government’s Long-term Budget Outlook Worse Than Expected……..
thestatedtruth.com | August 21, 2009
White House Sees $9 Trillion in Deficits Over Decade By Brian Faler Aug. 21 (Bloomberg) — The U.S. government’s long-term budget outlook is darker than expected, with projected deficits over the next 10 years totaling $2 trillion more than had been forecast, according to an Obama administration official. A White House budget review set for […]
Meredith Whitney Predicts More Than 300 Bank Failures
thestatedtruth.com | August 21, 2009
Meredith Whitney Predicts More Than 300 Bank Failures By Lynn Thomasson and Margaret Brennan Aug. 21 (Bloomberg) — Meredith Whitney, the analyst who predicted that Citigroup Inc. would cut its dividend last year, said the number of U.S. bank failures will quadruple as lenders struggle with bad loans. “There will be over 300 bank closures,†[…]
Water…………….
thestatedtruth.com | August 20, 2009
White House Budget Projections……..
thestatedtruth.com | August 20, 2009
Game Over For “Cash For Clunkers” Program…………
thestatedtruth.com | August 20, 2009
‘Cash for Clunkers’ Program to Close on Aug. 24, U.S. Says By Angela Greiling Keane Aug. 20 (Bloomberg) — The U.S. “cash for clunkers’’ vehicle trade-in program will close on Aug. 24, Transportation Secretary Ray LaHood said. LaHood commented in an e-mailed press release today.    More……. http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ2___hEnt6E
The War Cry, Where Has All The Money Gone?
thestatedtruth.com | August 20, 2009
Pension Plans’ Private-Equity Cash Depleted as Profits Shrink By Jason Kelly and Jonathan Keehner Aug. 20 (Bloomberg) — U.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pensions in California, Oregon and Washington, plunked down at least $53.8 billion. So far, they only […]
More From Rick Ackerman On Inflation…………..
thestatedtruth.com | August 19, 2009
Hyperinflation Won’t Be Like Germany’s By: Rick Ackerman  Rick’s Picks Wednesday, August 19, 2009 “Phenomenally accurate forecastsâ€Â  I thought I’d overdosed on the inflation vs. deflation debate, but that was before I started reading Adam Fergusson’s When Money Dies: The Nightmare of the Weimar Collapse. Fascinating stuff. Anyone who thinks it couldn’t happen here […]
Warren Buffett On The Economy And Federal Debt……
thestatedtruth.com | August 19, 2009
Buffett Says Federal Debt Poses Risks to Economy By Shamim Adam Aug. 19 (Bloomberg) — The U.S. must address the massive amounts of “monetary medicine†that have been pumped into the financial system and now pose threats to the world’s largest economy and its currency, billionaire Warren Buffett said. The “gusher of federal money†has […]
Cumberland Advisors………………….
thestatedtruth.com | August 18, 2009
 Cumberland Advisors  614 Landis Avenue Vineland NJ 08360-8007 1-800-257-7013 http://www.cumber.com  September!!!! Also, Closing the Lehman Gap August 18, 2009  From the Wall Street Journal of August 11:  “For investors, the period between Labor Day and Halloween is proving an annual fright show. And no one knows why. It was, of course, in […]
CalPERS Admits California “Pension Costs Unsustainable”………..
thestatedtruth.com | August 18, 2009
CalPERS Admits California “Pension Costs Unsustainable” – So What To Do About It? In an unusual display of honesty CalPERS Actuary Says “Pension Costs Unsustainable” The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue. “I don’t want to sugarcoat […]
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