The ABC’s Of Trading…..B For Billion Is Different Than M For Million
thestatedtruth.com | May 6, 2010
If  True……….. According to ForexLive, a big error at a major trading firm caused today’s -1,000 point market crash, before staging a huge come back. ForexLive: “Major US bank had an order to sell $15 mln of S&P e-mini contracts.   Accidentally sold $15 bln…†Update: CNBC is now reporting that a trader entered a “b†for […]
Arnott: Odds Of Double-Dip Recession Better Than 50%
thestatedtruth.com | May 5, 2010
Research Affiliates chairman, along with BlackRock’s Dennis Stattman, paint a gloomy picture of U.S. economy; prepare clients ‘to weather the storm’.  The U.S. economy could well be headed for another downturn and advisers should be helping clients find opportunities overseas and in alternative-asset classes, two well-known investment managers said Tuesday. Our basic problem as a […]
Greeks Protest EU Austerity Plan
thestatedtruth.com | May 5, 2010
So what happens when you take away entitlements that the Greeks have had for years?……….We here in the United States should take notice, because our time is coming and it will forced upon us by those that own our debt, at the moment China sits high on that list.       By Maria Petrakis and Natalie Weeks […]
Freddie Mac Seeking Another $10.6 Billion
thestatedtruth.com | May 5, 2010
The government owned businesses are the only ones we’ve ever heard of that will never break even or make money, but still manage to stay around, even though they have a monopoly on things.  By Lorraine Woellert May 5 (Bloomberg) — Freddie Mac, the mortgage-finance company in government conservatorship, said it will need $10.6 billion […]
International Intrigue In The Gulf Of Mexico?
thestatedtruth.com | May 4, 2010
Interesting musings from the Inger Letter’s Gene Inger……………this is one bizarre report regarding international intrigue and the Gulf of Mexico oil disaster. The White House ordered a news blackout on the story!  There is a circulating story about what really happened in the Gulf of Mexico; which we would give no credence to at […]
The Real Story Is Americans Have The Lowest Level Of Housing Equity In Nearly 60 Years:
thestatedtruth.com | May 3, 2010
As of today, over 7 million current mortgage holders are 30+ days late or in some stage of foreclosure. This is at peak levels. And part of the reason why after 27 months of this recession and trillions in bailouts to Wall Street and banks, not much has changed on the housing front. Wall Street […]
The $3 Trillion Commercial Real Estate Problem
thestatedtruth.com | May 3, 2010
Commercial real estate pushes $7.4 billion in FDIC Losses in one day – Hard to hear the CRE collapse with investment banks finally being called out in the court of public opinion. $3 trillion CRE market will keep Fridays busy for the FDIC.  Posted: Mon, 03 May 2010 The $3 trillion commercial real estate […]
Hurricane Forecasters See One Of The Worst Seasons In History Looming In 2010 Atlantic Season As Meteorological Conditions Mirror 2005
thestatedtruth.com | May 3, 2010
 By Brian K. Sullivan May 4 (Bloomberg) — The 2010 Atlantic hurricane season may rival some of the worst in history as meteorological conditions mirror 2005, the record-breaking year that spawned New Orleans- wrecking Katrina, forecasters say. The El Nino warming in the Pacific is fading and rain is keeping dust down in Africa, […]
Commercial Paper In Free Fall
thestatedtruth.com | May 2, 2010
Here Are Some Comparisons Of The Exxon Valdez Tanker Spill Back In 1989 Vs. The Horizon Deepwater Blowout Currently
thestatedtruth.com | May 2, 2010
Here are the comparisons of the Exxon Valdez tanker spill vs. the Deepwater Horizon well blowout…………..If the 25,000 barrel-a-day estimate is accurate (it may turn out to be conservative) and the leak lasts for 90 days, that would total 2.25 million barrels, or 94.5 million gallons vs. 11 million gallons for the Exxon Valdez tanker disaster. The […]
Last Weeks Bank Closings
thestatedtruth.com | May 2, 2010
The information on this week’s bank closings is staggering. The FDIC announced seven closings as of April 30, 2010, at 9:00 pm EST. The seven banks’ combined assets amount to $25.83 billion. They had combined deposits of $19.61 billion. The FDIC is projecting losses of $7.33 billion in connection with the seven closings. That is […]
ABC’s Of The Goldman Sachs Synthetic Derivative CDO’s…..
thestatedtruth.com | May 2, 2010
From John Mauldin’s Thoughts from the Frontline Weekly Newsletter Normally, you think of a Collateralized Debt Obligation (CDO) as a pool of mortgages. This pool is broken into anywhere from 6 to 15 tranches. The highest-rated tranches get their money back first, and the rating agencies made them AAA. While the lowest level would be […]
Oil Slickonomics, A Disaster For The Ages
thestatedtruth.com | May 2, 2010
Oil Slickonomics May 2, 2010 “At its current leak rate of 5,000 barrels of oil per day, the spill could surpass the size of the 1969 Santa Barbara spill by next week. If the leak cannot be contained, it could exceed the size of the 1989 Exxon Valdez oil spill off Alaska by mid June.â€Â   Paul […]
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