thestatedtruth.com | July 5, 2010
A Whale Awaits EPA and Jones Waiver  The world’s largest oil skimmer vessel arrived in the Gulf and has docked in Louisiana since June 30 awaiting U.S. official review and approval. According to the Associated Press (video below), the massive vessel?called “A Whale”– is 3 1/2 football fields long and 10-story high. It’s outfitted with […]
thestatedtruth.com | July 5, 2010
Baltic Dry Freight Index down nearly 3% today and for the 26th week in successuion! By Definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.  The index provides “an assessment […]
thestatedtruth.com | July 5, 2010
The oil spill in the Gulf of Mexico has so far cost BP $3.12 billion. This, according to British Petroleum,  is the total amount to contain the spill and clean it up. But…..  does not include business claims.
thestatedtruth.com | July 5, 2010
California and Illinois, and more than 40 others states, are broke! By MICHAEL POWELL Posted July 5, 2010 CHICAGO — Even by the standards of this deficit-ridden state, Illinois’s comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing […]
thestatedtruth.com | July 5, 2010
The U.S. workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation. So, can things get much worse? Yes! By Ambrose Evans-Pritchard Published: 9:33PM BST 04 Jul 2010 Ambrose Evans-Pritchard: Comment  “Home sales are down. Retail sales are down. Factory […]
thestatedtruth.com | July 4, 2010
President Obama looks like, well, you get the picture!  And you can stick a fork in BP, its done. ………..Here are some interesting comments from Cumberland.    The Sarasota fishmonger on Lemon St. now gets his shrimp from Sanibel. Louisiana is dead for years, he said. It will not come back in my lifetime.  $20 billion is too […]
thestatedtruth.com | July 3, 2010
Interesting thoughts……..Data maven, Greg Weldon ( www.weldononline.com) shows that the number of people planning vacations in 2010Â is down, dropping by over 35% in the last three years, and is now the second lowest number ever, only 2009 lower. Second lowest Ever. www.weldononline.com
thestatedtruth.com | July 2, 2010
By Tyler Durden on 07/02/2010Â Â Â Zero hedge The decoupling theorists are about to experience a second smack down in 3 years. After the biggest bubble of 2008 blew up spectacularly and made beggars out of the Greek CEOs of various dry bulk shippers, only to see their fortunes go back to unchanged again, it looks […]
thestatedtruth.com | July 2, 2010
Gold and gold stocks look absolutly terrible, so this makes a lot of sense! The Hulbert Financial Digest has been tracking this kind of thing for over 30 years.  Friday July 2, 2010 ANNANDALE, Va. (MarketWatch) — Gold’s huge drop on Thursday is not the beginning of a new major leg down for the […]
thestatedtruth.com | July 2, 2010
Thoughts For This Morning Yesterday’s action in gold was started by a hedge fund that was experiencing a withdrawal of funds, as did most in the last quarter. They attempted to take a profit and get money out of the market for redemptions by entering a sell for their gold in the cash and paper […]
thestatedtruth.com | July 2, 2010
It looks like the only ones in denial are the government officials, or is it that if they told us how bad things really are, everyone would freak? Pacific Investment Management Co.’s Bill Gross and David Rosenberg, chief economist at Gluskin Sheff & Associates Inc., said June’s employment report indicates sluggish job growth and a […]
thestatedtruth.com | July 1, 2010
Borrowing costs have tumbled in the past two months as concern that a debt crisis in Europe may spread boosted demand for the safety of bonds including mortgage-backed securities. The lower rates have failed to lift housing demand, which has tumbled since a tax credit for first- time and certain other buyers expired at the […]
thestatedtruth.com | July 1, 2010
Decline in sales of existing U.S. homes shows that the industry at the center of the financial crisis continues to  remain vulnerable in the absence of government support.  Sounds like everything needs government support to exist today! By Shobhana Chandra              July 1 (Bloomberg) — Manufacturing in the U.S. expanded in June at the slowest pace this […]
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