Listen To The Words
thestatedtruth.com | August 9, 2010
Everyone should watch this Video…..Forget your politics, listen to the Words                  http://www.youtube.com/watch_popup?v=qtjfMjjce2Y
From The Eyes Of Gene Inger Of “The Inger Letter”
thestatedtruth.com | August 9, 2010
Gene Inger’s Daily Briefing . . . for Tuesday August 10, 2010:  Good evening;     ‘A recessionary relapse’ ……. .is the biggest unreported forecast story of the day. Not by us (though we unfortunately concur but see real risk sooner), but rather from none other than the San Francisco Federal Reserve. I read the key […]
John Williams Of Shadowstats.com Talks About New Troubles In The Economy
thestatedtruth.com | August 9, 2010
John Williams of Shadowstats.com uses m-3 velocity of money (or turnover of money) as an important barometer, here is what he is saying now, Williams’ assessment of the economy was spot on in 2008…….. A greater systemic solvency crisis is closer then ever  . . . within the next six months to a year. What is happening […]
U.S. Incomes Dropped In 2009
thestatedtruth.com | August 9, 2010
On average, personal income dropped 1.8% in 2009, following a 2.7% increase in 2007, according to the Commerce Departments latest figures. Â
British Petroleum Says Test Shows Well Is Plugged
thestatedtruth.com | August 8, 2010
Can we believe them! Â British Petroleum announced that a test on the cementing operation needed to plug its well in the Gulf of Mexico was successful.
Ice Larger Than Manhattan Breaks Off Greenland Glacier
thestatedtruth.com | August 8, 2010
A chunk of ice four times the size of Manhattan has calved from Greenland’s Petermann Glacier, scientists announced on Friday. The last time the Arctic lost such a large chunk of ice was in 1962. Petermann Glacier, the parent of the new ice island, is one of the two largest remaining glaciers in Greenland that […]
CHART OF THE DAY: A Scary Looking Jobs Chart
thestatedtruth.com | August 7, 2010
Consumer Credit Fell In June For The 21’st Month In A Row While Incomes Stayed About Even
thestatedtruth.com | August 6, 2010
Bill Gross calls it the new normal, where the consumer becomes a saver. He says artificial consuming i.e. borrow and spend is gone for a long time. Americans cut credit-card use for the 21st straight month in June as static  job growth and a slowing economy turned spenders into savers. The national saving rate, meanwhile, rose, to 6.4%, […]
Pimco’s Bill Gross Says Fed Won’t Raise Rates For 2 To 3 Years In The New Normal Economy
thestatedtruth.com | August 6, 2010
Pacific Investment Management Co.’s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession. Treasury two-year note yields dropped below 0.50 percent for the first time today after the Labor Department said the economy lost more […]
Fewer Workers Were Hired In June Then Economists Expected…..A 71,000 Gain Missed By 31,000, Figures From The Labor Department
thestatedtruth.com | August 6, 2010
30 Year Fixed Mortgage Hits New Record Low Rate
thestatedtruth.com | August 5, 2010
The 30 year Freddie Fixed Rate Mortgage has just printed under4.50%, at 4.49%: a  new all time record low. Japan has already watched this movie…….It doesn’t matter at what rate the mortgage is, but more importantly for now is the security of having 1) cash flow and 2) a job. Both seem to be in short supply […]
Food Stamp Usage Hits 18th Straight Monthly New High At 40.8 Million
thestatedtruth.com | August 5, 2010
Hmm…….There really are free lunches! Boston.com says it all: “The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday. Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier […]
Fannie Mae Seeks $1.5 Billion From U.S. Treasury After 12th Straight Loss
thestatedtruth.com | August 5, 2010
These two companies Fannie Mae and Freddie Mac could very well lose money forever! At some point the government has to just say enough of this and either shut both of them down, or require higher down payments on home purchases to protect their assets. Simple as that!  By  Lorraine Woellert         Thursday August 05, 2010 Fannie Mae, […]
U.S. Postal Service Loses $3.5 Billion ln Third Quarter
thestatedtruth.com | August 5, 2010
 Thu Aug 5, 2010 * Postal Service concerned with future liquidity * Says regulatory changes necessary for fiscal stability By Jasmin Melvin WASHINGTON, Aug 5 (Reuters) – The U.S. Postal Service reported a quarterly net loss of $3.5 billion on Thursday and said it will likely have a cash shortfall going into 2011. The […]
Global Interest Rate Derivative Volume Near $450 Trillion End-June
thestatedtruth.com | August 5, 2010
Jim Sinclair says….Nothing has been cured and the potential for a second and more shocking economic event is real and in the present time! Posted August 05, 2010    By Min Zeng NEW YORK (Dow Jones)–The total outstanding notional amount for all interest rate derivative transactions reported by the 14 major dealers including Goldman Sachs & […]
$26 Billion For States Passes Key Test Vote
thestatedtruth.com | August 5, 2010
By Tami Luhby, Senior Writer Posted August 5, 2010 NEW YORK (CNNMoney.com) — The Senate overcame a key procedural hurdle Wednesday to send $26 billion more in federal aid to cash-strapped states. The measure, which passed by a 61-38 vote, contains $16.1 billion in additional Medicaid money and $10 billion to prevent layoffs of teachers […]
Here In Lies A Big Problem In Our Economy Until After The 2012-2013 Time Period
thestatedtruth.com | August 4, 2010
 Source: CREonline Does the above chart look daunting? It should. The peak won’t hit until 2012 when nearly $350 billion in CRE loans will come due. And just look at the amount held by banks and thrifts. This is why predicting another 1,000 bank failures (at least) is within the cards. The connections between […]
New Threat: Hackers Target Power Plants
thestatedtruth.com | August 4, 2010
By LOLITA C. BALDOR Associated Press Writer= WASHINGTON (AP) — Computer hackers have begun targeting power plants and other critical operations around the world in bold new efforts to seize control of them, setting off a scramble to shore up aging, vulnerable systems. Cyber criminals have long tried, at times successfully, to break into vital […]
British Petroleum Says Blown-Out Gulf Well Is in ‘Static Condition’!
thestatedtruth.com | August 4, 2010
Well plugged…..Let’s hope so. ON THE GULF OF MEXICO — In a significant step toward stopping the worst offshore oil spill in U.S. history, BP said Wednesday mud that was forced down its blown-out well was holding back the flow of crude in the Gulf of Mexico and it was in a “static condition.” There is […]
GM, Ford and Chrysler Sales Lag Estimates
thestatedtruth.com | August 4, 2010
General Motors Co. and Ford Motor Co. reported U.S. sales in July that trailed analysts’ estimates as consumers concerned about the economy limited large purchases. Toyota Motor Corp. and Nissan Motor Co. topped expectations. GM’s sales rose 1.5 percent, including an adjustment for the number of selling days in July. On that basis, the largest […]
Pending Home Sales Sink 2.6 Percent In June To New Low
thestatedtruth.com | August 4, 2010
Contracts for pending sales of previously owned U.S. homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday. The June decline followed a 30 percent drop in May after a popular tax credit expired at the end of April. The […]
China To Banks- Stress Test For 60% Home Price Drop
thestatedtruth.com | August 4, 2010
By Bloomberg News – Aug 4, 2010 China’s banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling as much as 60 percent in the hardest-hit markets, a person with knowledge of the matter said. Banks were instructed to include worst-case scenarios […]
More On The Solar Eruption
thestatedtruth.com | August 3, 2010
Earth is bracing for a cosmic tsunami Tuesday night as tons of plasma from a massive solar flare head directly toward the planet. The Sun’s surface erupted early Sunday morning, shooting a wall of ionized atoms directly at Earth, scientists say. It is expected to create a geomagnetic storm and a spectacular light show — […]
July Was Las Vegas’ HOTTEST Month Ever…..Ever!
thestatedtruth.com | August 3, 2010
Las Vegans  just lived through the hottest month ever. The high reached triple digits every day in July, and the heat hung on through the night to push last month into record territory. According to the National Weather Service, July’s average temperature of 96.2 degrees was the highest of any month since record keeping began […]
Unusual Solar Activity, Complex Eruption On The Sun
thestatedtruth.com | August 3, 2010
From Art Cashin on the floor of the New York Stock Exchange Longtime readers know that for years we’ve been remarking on the unusual lack of solar activity. Well, the sleeping sun woke up Sunday and woke up in a big way. Here’s a bit of detail from Spaceweather.com: COMPLEX ERUPTION ON THE SUN: On […]
BP Starts `Static Kill’ On Gulf Well
thestatedtruth.com | August 3, 2010
By Jim Polson and Katarzyna Klimasinska – Aug 3, 2010 BP Plc started plugging its Gulf of Mexico oil well with drilling mud, another step in the company’s effort to permanently seal the source of history’s worst accidental oil spill. BP began pumping mud into the top of the well for its “static kill†operation […]
Flat As A Door Nail
thestatedtruth.com | August 3, 2010
How Hulu Has Changed Basic Television Access On The Internet
thestatedtruth.com | August 2, 2010
Hulu is a website offering commercial-supported streaming video of TV shows and movies from NBC, Fox, ABC, and many other networks and studios. Hulu videos are currently offered only to users in the United States In order to ensure that no international users outside the U.S. have access to the videos, Hulu blocks many anonymous […]
The Law Of Demographics…..John Mauldin’s “Outside The Box”
thestatedtruth.com | August 2, 2010
 Key Elements Of This Article Are: In the United States, the Fed’s latest Survey of Consumer Finances revealed that current or close retirees have roughly $50,000 of retirement savings, excluding the now questionable equity in their homes. Those born before in a macabre sense, the financial crisis couldn’t have been better timed, if it […]
Sultans Of Swap……Gordon T Long
thestatedtruth.com | August 2, 2010
SULTANS OF SWAP: Gold Swaps Signal the Roadmap Ahead BIS – The Super SIV Solution The news rocked the global gold market when an almost obscure line item in the back of a 216 page document released by an equally obscure organization was recently unearthed. Thrust into the unwanted glare of the spotlight, the little […]
David Rosenberg Explains:
thestatedtruth.com | August 1, 2010
Why this is the Titanic and the life boats have already been launched! The household debt/income ratio is (still) near record highs of 120% and one-quarter of the consumer universe has a sub-600 FICO score – which means they are ineligible for Fannie or Freddie mortgage financing. The banks have few opportunities to lend – households […]
Greenspan Says Decline in U.S. Home Prices Could Bring Return Of Recession
thestatedtruth.com | August 1, 2010
Here are some of the comments from Alan Greenspan on NBC’s “Meet The Press”.  We should keep in mind that Alan Greenspan told congress a year or two back that his “model” was broken! Joshua Zumbrun        August 1, 2010 “We’re in a pause in a recovery, a modest recovery, but a pause in the modest recovery […]
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