thestatedtruth.com | September 22, 2011
The world is on the eve of the next financial crisis, with sovereign debt its epicenter, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., manager of the worlds biggest bond fund. El-Erian ranks as one of the smartest financial guys in the bussiness universe.
thestatedtruth.com | September 18, 2011
We’ve gone over this before, but it looks like the idea is catching on….Grey bearded baby boomers are in trouble…..but many don’t even know it! Deutsche Bank, in a new report expects stock market investors to lose about 10% of their money — in real terms — over the next 10 years, while the economy goes […]
thestatedtruth.com | September 17, 2011
So far the record low interest rates have only kicked the can down the road by allowing desperate debt to prolong its misery. History will likely show this to be a catastrophic economic mistake. In the process, we have destroyed the retirement class by forcing them into higher risk assets.
thestatedtruth.com | September 16, 2011
So why is it so hard to convince people in high places about this? Well, because those who sit on top, often can’t see through the clouds. Governments are first to come to mind. From The Wall Street Journal: The income of the typical American family — long the envy of much of the world — […]
thestatedtruth.com | September 15, 2011
The rich have it all…..the new Ferrari family car is $356,000 and is sold out, that gets you just one car! Yep, you read that right. Ultra-luxury remains totally recession-proof. The gap between rich and poor have never been greater. Maserati aims to boost deliveries by almost eightfold to 45,000 cars in 2014 as it increases dealers by 150 percent worldwide. Lamborghini […]
thestatedtruth.com | September 13, 2011
This kind of sums things up, the government said we had slow growth, odd then how median household income in 2010 dropped $1,154 from $50,599 to $49,445! Hmm, they call that growth? From Bloomberg: Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from […]
thestatedtruth.com | September 12, 2011
Bad seats…hey buddy! Epecially if you’re a baby boomer! We all need to plan well after reading this. From (CNSNews.com) …. There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security […]
thestatedtruth.com | September 11, 2011
This is what we discussed on August 30 here at www.thestatedtruth.com : Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend. The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around […]
thestatedtruth.com | September 10, 2011
A bug looking for a windshield! Egypt’s ruling military council declared a state of emergency to restore order after protesters attacked the Israeli embassy in Cairo. Egyptian commandos rescued embassy security personnel and civil security forces dispersed protesters gathered outside the embassy for a second day. “The fact that the Egyptian authorities acted decisively to bring […]
thestatedtruth.com | September 9, 2011
One thing we would observe, the Feds don’t put this kind of fear into everyone for no reason. Best to stay indoors this weekend. “Remember, an awful lot of the security we have you don’t see” , Mayor Michael Bloomberg. Hmm…..sounds like the Eastern flank is covered, but what about the South, Midwest and out West? […]
thestatedtruth.com | September 8, 2011
But wait until you see why? Non-revolving debt, mostly comprised of educational loans along with loans for autos and mobile homes, rose by $15.4 billion in July, while revolving debt, which includes credit cards, fell by $3.4 billion. The rise in non-revolving loans was the most since November 2001. We’re going to totally bury (by educational loans) the future pole bearers of our […]
thestatedtruth.com | September 8, 2011
The U.S. Fed doesn’t get it, stimulus won’t work, they’re addressing the wrong things here….we have “structural issues and they require structural solutions.” Ei-Erian Pacific Investment Management Co.’s Mohamed El-Erian said the U.S. faces “serious” economic challenges, including lagging housing and labor markets, that will prove resistant to Federal Reserve stimulus efforts. “You simply can’t […]
thestatedtruth.com | September 6, 2011
We’re not particularly found of him, but Donald makes a good point! “China gets their oil from Libya. Why isn’t China involved? They’re going out and spending billions of dollars a day on trying to take over the world economically. And we’re spending billions and billions and billions of dollars on policing the world. Why isn’t […]
thestatedtruth.com | September 6, 2011
Food for thought! China slows, bad for commodities. China grows, good for commodities. Makes sense, right? In case you missed it, China’s manufacturing activity fell for the third straight month in June. The official purchasing managers index stood at 50.9, down from 52 in May. Any number over 50 means expansion and below that means […]
thestatedtruth.com | September 6, 2011
So…overall household debt to disposable income has declined minesquely from a peak of 134% in 2007 to 125% currently. That doesn’t exactly set the house on fire as most assets have declined at a faster rate, especially for entities that have not experienced stable or growing revenues (main street America comes to mind). If Dick Stoken is […]
thestatedtruth.com | September 5, 2011
The U.S. Post Office has created many of it’s own competitive disadvantages , but UPS and FedEx are operating with some of the same problems. The law also prevents the post office from raising postage fees faster than inflation, but the government says we have no inflation….so that should be a moot point! Or maybe not. And….The agency […]
thestatedtruth.com | September 2, 2011
The positive side of this…..should put more monthly income into the economic system. But…lenders’ capacity to handle loan applications could be an obstacle for the Obama administration, which is weighing options for spurring a housing recovery, including steps to promote refinancing for underwater borrowers, or those who owe more than their property is worth. Almost […]
thestatedtruth.com | September 2, 2011
The U.S. economy added no new jobs for the first time in almost a year, while the unemployment rate was stuck at 9.1%. Economic Failure……Presidential failure….Congressonal failure….Voter failure…. Bank Regulation failure, Healthcare failure…Fair Taxation failure…War failure…Currency failure, etc., etc. …..has caused this disaster that we currently have. Take your pick of the above.
thestatedtruth.com | September 1, 2011
Will the arrogant banks finally get their comeuppance…..we’ll see? Chris Whalen, speaking on King World News (www.kingworldnews) and known as one of the top U.S. bank analysts, says Bank of America Corp (BAC) will probably have to restructure (go bankrupt) sooner rather then later, wiping out shareholders and giving bond holders a haircut. Whalen said the new Bank of America […]
thestatedtruth.com | September 1, 2011
We’ve already heard that the Pentagon warned the White House about September being a dangerous period between Israel and Iran…Now we hear from France. It’s probably another reason why Gold is acting so good against what is normally a negative summer seasonality. France’s President Nicolas Sarkozy warned on Wednesday that Iran’s alleged attempts to build long-range missiles and nuclear […]
thestatedtruth.com | August 31, 2011
A record 45.8 million people are now relying on the government’s food stamp program, up 12% from a year ago and up an astonishing 34% in only the last two years.
thestatedtruth.com | August 31, 2011
Historically it’s very negative for the stock market when cash levels are low. It means that everybody that wants in the market , is in, and the money has been spent. It’s doubly bad when cash levels are at record lows! Mutual funds just saw Liquid Assets drop to a new all time record low of 3.3% (down from 3.4%). […]
thestatedtruth.com | August 31, 2011
Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer. Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]
thestatedtruth.com | August 31, 2011
The Fed is caught by its tail in a mouse trap. Charles Evans, president of the Chicago Federal Reserve Bank told CNBC television the labor market, with its 9.1 percent jobless rate, looks to be in a recession. (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help […]
thestatedtruth.com | August 30, 2011
Bill Gross says everyone needs to get real…”We are into the “bumpy journey” phase of our New Normal where fear, lack of policy options and loss of control can dominate.” From PIMCO: New-Fangled Love Songs Liquidity concerns may affect all European peripheral bond markets unless the European Central Bank counters the rush for the exits with […]
thestatedtruth.com | August 30, 2011
Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend. The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around housing….kind of like magic. As you might guess, the banks aren’t so happy about […]
thestatedtruth.com | August 30, 2011
Ugh….this should come as no surprise! The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009. Even uglier is the 6 month outlook which fell from 74.9 to 51.9.
thestatedtruth.com | August 28, 2011
The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]
thestatedtruth.com | August 26, 2011
Here comes the mother of all storms for the East coast! So here’s an interesting question….what happens if you have a giant crane up in the air working a project on the East coast (New York or New Jersey) and it can’t be removed in time because you’ve never before seen a hurricane come this far north like this one? Just […]
thestatedtruth.com | August 25, 2011
Beware, the ides of October……“I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank. A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, […]
thestatedtruth.com | August 23, 2011
We have touched on this important subject back on July 17th and again just a few days ago on August 19th here at TheStatedTruth.com in an article that was titled “Things That Could Go Bang And Change The World“. Scroll down to read it. Israeli-Arab Crisis Approaching By George Friedman | August 23, 2011 In September, the U.N. General […]
thestatedtruth.com | August 22, 2011
Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]
thestatedtruth.com | August 22, 2011
Morgan Stanley, at the brink of collapse in 2008, got $107 B, yes, B as in Billion from the Fed. They’ve got’ta be kidding! Nope, not kidding. Soon after that, record bonuses came flowing faster then you could flick a bic! Every Fed official should be ashamed of this BS… yes the same stuff that gets stepped in. Oh we […]
thestatedtruth.com | August 19, 2011
Just a reminder that this was posted on www.thestatedtruth.com back on July 17th……… War between Iran-Israel… CIA veteran Robert Baer, I think we are looking into the abyss, there is a warning order inside the Pentagon to prepare for war. There is almost near certainty that Netanyahu is planning an attack [on Iran] and it will probably be in September […]
thestatedtruth.com | August 19, 2011
Interesting tid bit…..according to Rob McEwen, only one gold mining company is included in the S&P 500. Can you guess which one it is? Answer: Newmont Mining ( NEM) is the only gold mining company listed in the S&P 500 P.S. There is more than $ 1 trillion of index funds invested in the S&P 500! This insinuates […]
thestatedtruth.com | August 18, 2011
Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate as many as ten thousand positions. Additional reductions are being discussed as part of an overhaul known as “Project New BAC,” after the Charlotte, N.C., bank’s ticker symbol. Sources close to the situation say as many as 10,000 jobs are […]
thestatedtruth.com | August 17, 2011
Records are made to be broken. The time for this record to be broken is near. Buyer beware! The week ending August 10 saw a near-record amount of redemption’s from domestic equity mutual funds, amounting to an unprecedented $23.5 billion. This brings the total for August to $34 billion. Another $13 billion in outflows and […]
thestatedtruth.com | August 16, 2011
The average consumer is tapped out. Be forewarned, a new recession is coming…. whether the government admits it or not! Walmart, warned on Tuesday that continued weakness in the U.S. economy has put pressure on its low income consumers who are increasingly worried about unemployment and becoming more reliant on government assistance. Walmart’s has reported its ninth consecutive quarter […]
thestatedtruth.com | August 15, 2011
Ding Dong, The Wicked Witch Is Dead….Or, Maybe Not! Stone McCarthy: Negative Empire Survey Results “You usually don’t get three straight months of negative results unless you are in a recession (Note: NY Fed historical data only started in July 2001). ” SMRA continues: “If that’s not bad enough for you, the forward-looking new orders […]
thestatedtruth.com | August 15, 2011
Couldn’t have said it better……home owners are already ahead of this curve! “You just slip out the back, Jack. Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. Hop on the bus, Gus. You don’t need to discuss much. Just drop off the key, Lee. And get yourself […]
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