thestatedtruth.com | September 3, 2010
This from Art Cashin on the floor of The New York Stock Exchange On this day in 1666, a massive fire broke out in the city of London, England. It began in a bakery on Pudding Lane, which was on the East End (between London Bridge and the Tower). The fire raged into the shop […]
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thestatedtruth.com | September 2, 2010
Consumers are eschewing fixed-line alternatives for their cell phones, opting to keep connected to a single number whether they’re at home or in the car. www.dailyreckoning.com
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Tags: cell phone, cell phone growth, cell phones
thestatedtruth.com | September 2, 2010
Key message here is….. for liquidity ratios, equity fund portfolio managers are at an all-time record low of 3.4%, down from 3.8% in June. Tack on the fact that there are less shorts to be covered – being that the market peaked in April, and short interest is now 4.3% of the S&P 500 market cap (in August 2008 it […]
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thestatedtruth.com | September 2, 2010
Key words here are…..”public debt had served for decades as the ultimate shock absorber — rising in bad times but not declining much in good times.â€Â Now things have to change as  the wealthiest nations face years of belt-tightening. International Monetary Fund Warns G7 on Debt Thursday, 2 Sep 2010 By: Sewell Chan The world’s most […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News |
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thestatedtruth.com | September 2, 2010
Crisis mode? Hmm…..their words not ours! ECB Keeps Key Interest Rate at 1%, May Maintain Crisis Mode By Christian Vits  Sep 2, 2010 The European Central Bank kept interest rates at a record low today and President Jean-Claude Trichet may signal the bank will stay in crisis mode into next year. The ECB’s Governing Council […]
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thestatedtruth.com | September 1, 2010
A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government. – Thomas Jefferson, Writings, 1743-1826 Â I predict future happiness for Americans if they […]
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thestatedtruth.com | September 1, 2010
Looks like we’re muddling along in the economy, that’s good news because the alternative we don’t want to even think about!  Manufacturing Index for U.S. Increased in August,  The Institute for Supply Management’s factory index rose to a three-month high of 56.3 from 55.5 in July, indicating factories are helping extend the slow recovery,  This is counter balanced by […]
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thestatedtruth.com | September 1, 2010
This looks like the worst sales performance since the early 1980’s………If autos looked this bad then one would asume that housing should fare no better as consumers still have too much debt…..Here is a quote from Toyota, “We are bracing ourselves for the coming crisis.”.   Toyota Motor Corp., General Motors Co. and Ford Motor Co., […]
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thestatedtruth.com | September 1, 2010
Front Running the Fed September 1, 2010 “… the public is no longer investing in stocks, but rather in bonds. So far this year through July, bond mutual funds have attracted $224.4bn in net inflows including reinvested dividends.  Equity funds have attracted only $17.2bn ytd, with $32.2bn going into International funds while $15.0bn flowed out […]
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