thestatedtruth.com | July 31, 2009
NYSE Embraces A Ruinous Idea By: Rick Ackerman  Rick’s Picks Friday, July 31, 2009 “Phenomenally accurate forecastsâ€Â  Sadly, another venerable American institution has lost its way: the New York Stock Exchange. We read the other day that the Exchange is building a fast-trade hub in northern New Jersey that supposedly will help secure its […]
Category: Commentary, Economy, Wall Street |
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thestatedtruth.com | July 31, 2009
Art Cashin: Stock Market Facing a 1929 Bounce   July 31, 2009 The US GDP shrunk at a slower-than-expected pace in the second quarter. What does it mean for the stock markets? Art Cashin, director of floor operations at UBS Financial Sevices, offered CNBC his insights. The market may temper optimism over the economy by analyzing […]
Category: Commentary, Wall Street |
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thestatedtruth.com | July 29, 2009
Commercial Real Estate Crash  Looming, Says Fed’s Yellen  By AUSTIN KILGORE July 29, 2009 9:55 AM CST   As the industry looks for signs the housing sector is beginning to stabilize, the threat of a crash in the commercial mortgage market grows, according to San Francisco Federal Reserve president Janet Yellen. Speaking […]
Category: Commentary, National News, Real Estate |
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thestatedtruth.com | July 28, 2009
 Cumberland Advisors  614 Landis Avenue Vineland NJ 08360-8007 1-800-257-7013 http://www.cumber.com  Being in the Sweet Spot (twice) July 29, 2009 At the moment we are in the “sweet spot†in markets and soon, in Maine. We must enjoy it while it lasts. Some bullets follow. 1.   Fed policy is on hold at Quantitative Easing (QE), […]
Category: Commentary, Wall Street |
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thestatedtruth.com | July 28, 2009
U.S. Assures a ‘Concerned’ China It Will Shrink Record Deficit By Rob Delaney and Rebecca Christie July 27 (Bloomberg) — The Obama administration’s economic leaders assured Chinese counterparts they will rein in a record budget deficit as China underscored its concern about preserving the value of its holdings of Treasuries. “China has a huge amount […]
Category: Commentary, Economy, Finance, Wall Street |
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thestatedtruth.com | July 27, 2009
President Obama’s popularity continues to fade, as he had two bad days in the polls. According to the Rasmussen Reports.com daily poll, the number of those who disapprove of the president’s performance is now 51%. Here are some details: “The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 30% of the nation’s voters […]
Category: Commentary, Economy, National News, Wall Street |
64 Comments »
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thestatedtruth.com | July 26, 2009
Acknowledging the Deception  by J. R. Nyquist  Weekly Column Published: 07.24.2009 Meet Victor Kalashnikov: former KGB officer, scholar, analyst, and writer. He is married to historian and journalist Marina Kalashnikova, the subject of last week’s column. Before the Soviet Union collapsed Victor worked for the KGB in Vienna. After Gorbachev’s bizarre abdication in […]
Category: Commentary, National News, National Security |
591 Comments »
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thestatedtruth.com | July 26, 2009
Storm Watch Update  THE END OF AN ERA  (Excerpt from a 17 July 2009 President’s Message to Jim’s clients at PFS Group) When the facts change, I change my mind. What do you do, sir? — John Maynard Keynes, British economist (1883–1946), in reply to a criticism during the Great Depression of having […]
Category: Commentary, National News, Real Estate, Wall Street |
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thestatedtruth.com | July 26, 2009
Here is the entire 1017 page Health Care Bill. There is a man by the name of Peter Fleckstein (aka Fleckman) who is reading it and has been posting on Twitter his findings. This is from his postings (Note: All comments are Fleckman’s) Pg 16: SEC. 102. PROTECTING THE CHOICE TO KEEP CURRENT COVERAGE. lines […]
Category: Commentary, Healthcare and Science, National News |
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thestatedtruth.com | July 25, 2009
American Capitalism Gone With A Whimper.   It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.   True, the situation has been well prepared on and […]
Category: Commentary, National News, National Security, World News |
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thestatedtruth.com | July 25, 2009
Biden Criticizes Russia By ANDREW E. KRAMER Published: July 25, 2009 MOSCOW — Just weeks after a summit meeting intended to show a thawing in relations between the United States and Russia, Vice President Joseph R. Biden Jr. made blistering references to Russia’s failing economy, loss of face and a leadership that is “clinging to […]
Category: Commentary, National News, National Security, World News |
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thestatedtruth.com | July 25, 2009
This is an astonishing datapoint: “There were 18.7 million vacant homes in the U.S. during the second quarter as the steepest recession in 50 years sapped demand for real estate and banks seized properties from delinquent borrowers. The number of vacant properties, including foreclosures, residences for sale and vacation homes, was little changed from 18.6 […]
Category: Commentary, Economy, National News, Real Estate |
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thestatedtruth.com | July 25, 2009
At one point, housing construction was over 5% of GDP. Now it is around 2.5%. The graph shows how much a shrinking home-construction industry has reduced GDP each quarter for the last two years.
Category: Charts and Graphs, Commentary, Economy, Finance, National News, Real Estate, Wall Street |
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thestatedtruth.com | July 25, 2009
A few side observations on the above graph. China is roughly as big as the other three of the BRICs (Brazil, Russia, and India) combined. Russia and Brazil are in recessions. Also, note that it will be decades before China’s economy is as big as that of the US, even with growth of 5-6% a […]
Category: Charts and Graphs, Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | July 25, 2009
State Tax Revenues Across U.S. Experience Largest Decline on Record, New Rockefeller Institute Report Shows “Taxes collected by the 50 states dropped by 11.7 percent overall during the first quarter of 2009, compared to the same period a year earlier – the largest such decline in the 46 years for which quarterly data are available, […]
Category: Commentary, Economy, Finance, National News |
6 Comments »
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thestatedtruth.com | July 25, 2009
Sen. Schumer warns SEC on “flash” stock orders By Jonathan Spicer NEW YORK, July 24 (Reuters) – U.S. Senator Charles Schumer warned a top regulator on Friday that if she does not ban so-called “flashes” — orders that stock exchanges send to a select group of traders before revealing them to the wider market — […]
Category: Commentary, Wall Street |
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thestatedtruth.com | July 23, 2009
“Our enemies of today are the forces of privilege and greed within our own borders.â€Â                                                           Franklin Roosevelt
Category: Wall Street |
4 Comments »
Tags: Quote of the Day, stock market
thestatedtruth.com | July 23, 2009
Commercial Real Estate Prices in Freefall Boston Business Journal – by Katherine Conrad San Jose Business Journal Thursday,  July 23, 2009 Commercial real estate values around the country have dropped 35 percent from their peak in October 2007, according to Moody’s REAL Commercial Property Price Indices. The decline appears to be accelerating as the index […]
Category: Commentary, National News, Real Estate |
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thestatedtruth.com | July 23, 2009
Through March of 2009, banks had taken only $1.1 trillion in write- downs to date. Even the most conservative estimates put total credit losses at $2.2 trillion. Tilson and Tongue make a convincing case that the losses will be far worse than that – more like $3.8 trillion. And these numbers have only grown over time. […]
Category: Charts and Graphs, Commentary, Economy, National News, Real Estate, Wall Street |
410 Comments »
Tags: bank capital, bank loans, banks, housing prices, Real Estate
thestatedtruth.com | July 21, 2009
Why Gold Should Anchor a Portfolio By: Rick Ackerman  Rick’s Picks Tuesday, July 21, 2009 (Following is the fourth in a series of articles on gold by Chuck Cohen, a financial consultant and lifelong resident of New York City.) Recently I discussed some of the reasons investors often fall short. Today I want to […]
Category: Commentary, Commodities, Economy, Gold and Silver, Wall Street |
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thestatedtruth.com | July 21, 2009
Details of agreement to close California deficit  Gov. Arnold Schwarzenegger and legislative leaders from both parties reached a tentative deal to address California’s $26.3 billion budget deficit. The plan still must get a two-thirds vote in the Assembly and Senate. It includes about $15 billion in cuts, as well as borrowing from local governments […]
Category: Commentary, Economy, National News |
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thestatedtruth.com | July 21, 2009
Americans Repaying Debt Most Since 1952 By Caroline Salas and Michael McKee July 21 (Bloomberg) — For the first time since Harry S. Truman was in the White House, Americans are paying back their debts, a phenomenon that just might help keep interest rates low as the Treasury sells a record $2 trillion of bonds […]
Category: Commentary, Economy, National News, Wall Street |
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thestatedtruth.com | July 21, 2009
“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”         –Thomas Jefferson
Category: Quote of the Day |
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thestatedtruth.com | July 20, 2009
Bureaucracy, Taxpayers Headed for a Collision By: Rick Ackerman, Rick’s Picks  Posted Monday, 20 July 2009 Rick’s Picks Monday, July 20, 2009 “Phenomenally accurate forecasts†The headline atop the front page of this morning’s Boulder Camera suggests a city struggling diligently to balance its budget: “Work-Week Options Eyedâ€. Reading this, one might infer that the […]
Category: Commentary, Economy, National News, Wall Street |
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thestatedtruth.com | July 20, 2009
GOLD THOUGHTS by Ned W. Schmidt, CFA, CEBS Schmidt Management Company July 20, 2009 Failing economic policies of the Obama Regime are setting the stage for the next significant rally for $Gold as massive debt monetization becomes necessary. Before going into that though, we need to understand the situation with the U.S. economy. That will […]
Category: Commentary, Commodities, Gold and Silver |
27 Comments »
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thestatedtruth.com | July 20, 2009
Lessons Learned, New York  City Braces for Swine Flu’s  Resurgence……………  July 21, 2009 By ANEMONA HARTOCOLLIS As New York City braces for a second wave of swine flu this fall, health officials are making plans to carve space out of hospitals, clinics and other buildings to screen people before they can overwhelm emergency rooms. […]
Category: Commentary, Healthcare and Science, National News |
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thestatedtruth.com | July 20, 2009
U.S. Rescue May Reach $23.7 Trillion, Barofsky Says By Dawn Kopecki and Catherine Dodge July 20 (Bloomberg) — U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program. The Treasury’s […]
Category: Commentary, Economy, Finance, National News, Wall Street |
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thestatedtruth.com | July 19, 2009
Converting an I.R.A. Into a Roth?   July 18, 2009 By RON LIEBER You’ll be hearing a lot in the next six months about Roth Individual Retirement Accounts — but not as much as you should about a long-term threat that hangs over them. Starting Jan. 1, you’ll be able to take a regular I.R.A., […]
Category: Commentary, National News, Wall Street |
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thestatedtruth.com | July 18, 2009
Thoughts from the Frontline Weekly Newsletter Europe on the Brink by John Mauldin July 17, 2009 Â Â In this issue: Europe on the Brink And Then There Was Leverage Too Big To Save Those Wild and Crazy Swiss A Positive Third Quarter? We have avoided Armageddon, at least for now. The cost to the US […]
Category: Charts and Graphs, Commentary, Economy, Wall Street, World News |
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thestatedtruth.com | July 17, 2009
Marina Kalashnikova’s Warning to  the West……  by J. R. Nyquist  Weekly Column  Meet Marina Kalashnikova: a Moscow-based historian, researcher and journalist. Last August she criticized foreign “experts†for suggesting that a conflict with Moscow will not happen because Russia’s elite is too closely associated with the West. According to Kalashnikova, “The […]
Category: Commentary, National News |
17 Comments »
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thestatedtruth.com | July 17, 2009
 Huge Rally? Don’t Laugh……..By: Rick Ackerman, Rick’s Picks   Rick’s Picks Friday, July 17, 2009 “Phenomenally accurate forecastsâ€Â  Just because there are a dozen great reasons to hate stocks right now doesn’t necessarily mean they can’t go much higher. Not only that, the bear rally could continue for quite a while – till 2011 […]
Category: Commentary, Commodities, Economy, Wall Street |
193 Comments »
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