thestatedtruth.com | January 29, 2012
Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness! Didn’t know there was such a thing? Well read on…. From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]
thestatedtruth.com | January 27, 2012
Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]
thestatedtruth.com | January 27, 2012
There has been an abundance of confidence in our system lately, so much so that an abnormal amount of spending has been come from savings, but history shows this often leads to disappointment. This will likely be reflected going forward in the first quarter or half of 2012….. Goldman On GDP: Warns Of Q1 Weakness The change in real private inventories added […]
thestatedtruth.com | January 26, 2012
Negative demographics as far as the eye can see. and it’s reflected in the median price for new homes, which just dropped from $215,700 to $210,300. According to the Census Bureau (not NAR data), December New Home Sales declined from 321K to a seasonally adjusted annualized rate of 307K in December, on expectations of a rise to […]
thestatedtruth.com | January 25, 2012
Bill Gross of PIMCO explains Fed decision on Tweeter www.zerohedge.com
thestatedtruth.com | January 25, 2012
The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)! FED Summary: No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]
thestatedtruth.com | January 24, 2012
Apple is the American success story of the century. This is one large pile of cash! After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities). The company’s total cash and equivalents horde is now just shy of […]
thestatedtruth.com | January 22, 2012
Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK! Hmm…So far, so good!
thestatedtruth.com | January 20, 2012
Confidence levels have been rising rapidly…and the government says things are getting better, people are starting to borrow again, using their credit cards more, and out and about in a spending mood….but the exhibit below tells a more realistic story of our current plight. So, are things really any better then they were? We’ll let you answer that one! Chart: […]
thestatedtruth.com | January 19, 2012
The six-month ahead outlook for Philly Fed shows a very high level of ‘hope’. Expectations for the data was a 10.3 and it came at 7.3, a definitive miss to expectations. Revisions rise to 7.3 (from 6.8 revised) is heralded (in a short-lived manner) as evidence of improvement. Under the covers though, things aren’t so rosy. New Orders […]
thestatedtruth.com | January 19, 2012
Same old same…..things are getting better, but are they really? Yes they are, but in 2008 we stopped on a dime. The Federal Reserve looks to be worried about deflation. We all should be too! Initial Claims: Initial claims drop from revised 402K (as expected) in last week, to 352K this week, 50K swing in one […]
thestatedtruth.com | January 19, 2012
It was going to happen sooner or later….a once mighty company, founded in 1880 by George Eastman and renamed Eastman Kodak in 1892, they controlled 90% of the film market by 1976, and were a part of the Dow Jones Industrial Average index for 74 years before being deleted in 2004. But before anyone gets any […]
thestatedtruth.com | January 18, 2012
We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday. In an other ominous sign […]
thestatedtruth.com | January 18, 2012
IMF: 2 Year “Funding Gap” Hits $1 Trillion IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN Fed Officials Open to Additional Easing as They Monitor Risks to Economy Federal Reserve officials are staying open to further monetary easing this year as they […]
thestatedtruth.com | January 17, 2012
No wonder the U.S. is telling Israel to cool they’re heals about Iran…if you want to make a bad situation worse, then start a war in the Middle East and watch oil go to $200 a barrel, then presto, a world depression that would make the 1930’s look like a picnic! World Bank Cuts Economic Outlook, […]
thestatedtruth.com | January 17, 2012
This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]
thestatedtruth.com | January 15, 2012
Guess the idea is….why waste money on an exercise if the real think is coming? Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]
thestatedtruth.com | January 12, 2012
So…..back in September Kodak said it was weighing options, then issued a statement saying it has “no intention of filing for bankruptcy” and that it is pursuing patent sales. It looks like Eastman Kodak has about $1.6 billion in debt according to Yahoo Finance. A Polaroid moment is close to being developed! Eastman Kodak Co. (EK) is […]
thestatedtruth.com | January 12, 2012
It’s all about demographics my dear Watson….here’s some food for thought! First up let’s study a graph of the Census Bureau historical and forecast data for the peak-spending cohort population in the U.S. from 1980 to 2050. The Age 45-49 cohort peaked in 2009 and will bottom out in 2022 after an estimated decline of […]
thestatedtruth.com | January 12, 2012
The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice. This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]
thestatedtruth.com | January 10, 2012
One more” bonus baby” and they’re sold out! Unbelievable…At the North American International Auto Show in Detroit, Aston Martin’s Julian Jenkins reveals that its One-77 model at a price point of about $1.9 million is one unit away from sold out.
thestatedtruth.com | January 10, 2012
This is truly a statement about the rich. Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records. Sales of […]
thestatedtruth.com | January 9, 2012
PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think. EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]
thestatedtruth.com | January 9, 2012
Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast. This will be double trouble. PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit data from the Fed shows a stunning November in which U.S. households borrowed […]
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
Can anyone guess where Vizio is located….Nope, didn’t think so, it’s not over seas, but in Irvine, California. That’s BACK in the good old U.S.A. Who knows, maybe this even becomes a trend. Bloomberg: Vizio Inc., the television maker that helped drive higher-cost rivals out of the business with rock-bottom prices, plans to bring the […]
thestatedtruth.com | January 7, 2012
We get the drift, but does the EU (European Union)? George Soros said “Today, the euro is potentially endangering the political cohesion of the European Union,” according to the Business Line newspaper in the south Indian city of Hyderabad. “If the common currency were to break down, it will lead to the break up of […]
thestatedtruth.com | January 6, 2012
We will be tested on this one, the new normal “just in time” economy may not be such a good idea, after all! The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, […]
thestatedtruth.com | January 5, 2012
This is what can happen on a bad day in the stock market……..bad seats, hey buddy! Buuuddy was the Cat.
thestatedtruth.com | January 5, 2012
Bridgewater Review For 2012 This Bridgewater review of 2012 is highly regarded. I have highlighted it below…..everyone should print this out and post it in a viewable place. These guys run the largest hedge fund in the world and are among the top 5 smartest managers anywhere. They’re not always right, but they are right more often […]
thestatedtruth.com | January 5, 2012
Folks, this is starting to look like a trend. It may be a combination of things, i.e., less driving, newer cars with better mpg, and older demographics in play (which means less driving) or….it could just be a freak of nature? Never the less, prices have come down, but not as much as one would surmise in retrospect. We’ll remind […]
thestatedtruth.com | January 5, 2012
Our good friend Gene Inger of www.ingerletter.com is heading out West to the annual Consumer Electronics Show in Las Vegas next week. Gene has been reporting on this show for as long as we can remember, and knows his electronics well. We think this review will be well worth reading. In fact, we know of no […]
thestatedtruth.com | January 3, 2012
Hmm…..things are good, until they’re not! Then it’s to late to save anybody. Bloomberg: SEVERAL ON FOMC FAVORED CHANGE TO MID-2013 RATE VOW BEFORE LONG FOMC SAID GLOBAL FINANCIAL STRAINS POSE `SIGNIFICANT’ RISK FED PLANS TO RELEASE OFFICIALS’ FED FUNDS RATE FORECASTS FOMC MEMBERS SAW LONG-TERM INFLATION EXPECTATIONS AS STABLE FOMC MEMBERS SAW ECONOMY `EXPANDING […]
thestatedtruth.com | December 31, 2011
At the close of 2011, U.S. natural gas prices sat at their lowest point in more than two years and the lowest winter price in ten years. All the while natural gas production in the lower 48 states hit an all time record of 71.3 billion cubic feet a day in October, according to the latest U.S. Department of […]
thestatedtruth.com | December 31, 2011
Unusual weather patterns are creating an interesting twist to normally harsh winter areas in the United States….Just 19.6 percent of the continental United States is covered in snow, according to the latest snow analysis by NOAA, compared with 50.3 percent this time last year. From the Washington Post: At the National Arboretum, the white petals of […]
thestatedtruth.com | December 29, 2011
Here is one of the reasons for slow world growth dead ahead, and from the looks of things, it will last a long long time! The baby boomer generation was the last of the demographic growth cycles and that was back from the 1950’s thru the 1970’s. Now the baby boomers are debt ridden as they enter retirement age, […]
thestatedtruth.com | December 22, 2011
NAR proving what most everyone knew:………. the sales numbers are inflated. NAR: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 NAR: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN
thestatedtruth.com | December 22, 2011
PIMCO’s latest thoughts are highlighted below…..rather sobering to say the least! Here are the just released 2012 forecasts by Bill Gross, via Bloomberg and the WSJ: PIMCO SEES RISK-OFF PHASE IN FIRST PART OF 2012, EL-ERIAN SAYS PIMCO: U.S. TO GROW BETWEEN 0% AND 1 % IN 2012 PIMCO SEES GLOBAL ECONOMY GROWING 1.0%-1.5% IN […]
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