Here Are The Internet’s Top Apps……….

| May 18, 2011

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Meredith Whitney Is Back In The News

| May 17, 2011

Ever hear the song…..”Here She Comes” ……… Meredith Whitney is back in the news saying that we are looking at an economic sink hole for state governments.  She says expenses are near the highest they’ve ever been. We have seen state and local government spending grow by 65% over the last 10 years but tax receipts have grown only by […]

U.S. Housing Starts Fell 11% in April

| May 17, 2011

U.S. Housing Starts Unexpectedly Fell in April Surprising Analysts…..We’re wondering what’s so unexpected about it? Work began on 523,000 houses at an annual pace, down 11 percent from the prior month and less than the 569,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Building permits, […]

Could The Government Be Stuck Like A Hound Dog?

| May 16, 2011

So here’s the real question…..is any kind soul going to bother pulling your stupid dumb ass out of this precarious spot you’ve put yourself in!  Sort of reminds us of the U.S. debt situation, kind of stuck between a rock and a hard place trying to raise the debt ceiling.

THE NEXT BAILOUT? How About The Post Office Which Has Lost Nearly $20 Billion In Four Years

| May 16, 2011

Announcing a $2.2 billion first quarter loss for 2011, the U.S. Postal Service warned it would  become insolvent unless Congress takes action……So, hey sunshine, how much do you need.  Answer: No end in site, how many billions can you give us?   So, we’ll go with this…why not package up the Post Office, Fannie Mae, Freddie […]

What Does This Tell Us About Unintended Consequences……

| May 16, 2011

It tells us that the Japanese nuclear reactor survived the quake some how, but surprisingly not the tsunami.     Maybe the U.S. economy survived the banking and real estate crisis, but gets crushed by the (floods,debt crisis,weather,currency crash, oil shortage, etc….?), we’ll likely know by fall!   TEPCO admits nuclear meltdown occurred at Fukushima reactor 16 hours after […]

Stanley Druckenmiller Calls Out The Treasury “It’s Not A Free Market, It’s Not A Clean Market”

| May 14, 2011

Haven’t  heard much from legendary investor Stanley Druckenmiller since last August when he decided to shut down his Duquesne Capital hedge fund  (Druckenmiller rarely does interviews). Until now that is!  He joins PIMCO on a crusade against the Fed and thinks that U.S. debt is soaring out of control…..the timing couldn’t be better!  From the WSJ:“Mr. […]

Geithner Predicts Double-Dip If Congress Fails To Lift Debt Ceiling

| May 14, 2011

Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,” . The Fed is trying […]

Why The U.S. Growth Story Is A Dead Man Walking…..

| May 12, 2011

Here is a picture that explains everything.  For the U.S. to grow its way out of current problems, it will require monumental new debt creation….from which we are already buried!  But by the looks of things, most governments are going to try anyway. To put things in perspective, in order for the 2010 decade to mirror, match, or in […]

NHK Reports Fukushima Reactor 1 Is Melting Down

| May 12, 2011

Tick Tac Toe, three in a row……NHK Reports Fukushima Reactor 1 Is Melting Down.. Haven’t the cores of reactors 2 and 3 already melted down?  Uh, we think so……. Following up on earlier reports that the fuel rods in reactor 1 were truly exposed, NHK now reports another speculation from long ago, finally confirmed by official […]

Eric Sprott Says Gold Is Now The World’s Reserve Currency, Says Silver Was Manipulated Lower

| May 12, 2011

Eric Sprott of Sprott Asset Management….. making headlines at SALT (Sky Bridge Alternatives  Conference) in Vegas: SPROTT SAYS GOLD IS NOW THE WORLD’S RESERVE CURRENCY SPROTT SAYS SILVER WAS `MANIPULATED’ DOWN IN PRICE SPROTT SAYS PEOPLE IN IRELAND, GREECE ALREADY FLEEING BANKS SPROTT SAYS SAVERS WILL FLEE BANKS TO PUT MONEY INTO GOLD

Here Are Some Tid Bits Out Of The SALT (Sky Bridge Alternatives Conference) In Las Vegas

| May 12, 2011

Among other things, Dinan says……“The lessons of ‘07 and ‘08 are totally forgotten,” Dinan warned. “The thinking that ‘I won’t be left behind when the music stops.’ That’s very dangerous thinking.”   Jamie Dinan, York Capital: Banks Jamie Dinan, founder of $17 billion hedge fund York Capital Management LP, talks about financial stocks. “The amount of […]

Falling Gas Demand

| May 12, 2011

Guess it’s starting to matter how much it costs to fill up all those old SUV’s still on the road……………….. U.S. demand for gasoline fell by the largest amount in seven weeks — a signal that consumers are conserving money as gas prices near a national average of $4 a gallon.

Mississippi River Flood Passes Record At Natchez

| May 11, 2011

So why do they call it the 100 year flood…..when it’s happened now 3 times (1927,1937 and 2011) in the last 84 years! MEMPHIS/NEW ORLEANS (Reuters) – The swollen Mississippi River set a record high water level at Natchez, Mississippi, on Wednesday — 10 days before its expected crest in the southern city. The level of […]

Stock Market Trouble Dead Ahead……

| May 10, 2011

We’re seeing the warning signs now…. www.ingerletter.com

A Look At The Governments U-6 Unemployment Rate

| May 10, 2011

So…..the U.S. has gone trillions, yes trillions of dollars in debt for what?  Uh….an economic recovery that has only matched inflation (yes we know, the government says there is no inflation), or let’s just call it an economy that has gone virtually nowhere.  And the only way to get more growth at this point is to add […]

The American “Zombie Consumer” Generation

| May 9, 2011

The U.S. is in the midst of a “zombie consumer” generation that will dent GDP growth for years to come, according to Citi and Yale’s Stephen Roach (via The Globe and Mail).   And who is responsible for leading the sheep down this road, yep……good old uncle sam! Speaking in Toronto, Roach said that the […]

Household Equity Broken Down Into Two Groups

| May 9, 2011

What this chart tells us is…..that household equity is 38.8% if we include all houses paid for and with a mortgage both combined in the mix…..but home equity for the sub group of “only houses with a mortgage, excluding paid for houses” is only 19.2%.

The Family Entitlement Plan

| May 9, 2011

Another interesting chart….are they lazy free loaders or just late bloomers? We’ll call them the un- motivated generation.

The FCC Says The United States Is Looking At A Spectrum Shortage By 2013!

| May 9, 2011

Interesting subject matter….exploding demand from smartphones will soon overwhelm the nation’s wireless capacity.  So, what’s the FCC’s plan to fix this imminent spectrum wipe out?   Something called “Incentive Auctions,” which lets the owners of old, under-used spectrum–TV and radio broadcast spectrum, for example–put the spectrum up for auction and get a portion of the proceeds. This […]

Zillow Says 27 Percent Of U.S. Homeowners Now Have Negative Equity On Home, An All Time Record!

| May 9, 2011

Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier.  In the first quarter of 2009 only 22% of homes were underwater, Zillow said.  Home prices slumped 8.2 percent on average over the past 12 months. Property […]

Housing Market Dropping Hard Again….

| May 9, 2011

Some of the smartest guys we know, the ones that use their own money to buy and sell houses…are thinking 15%-20% further down from here and 2-4  years to clear huge stealth inventories.  They say the banks have just started to get more realistic on pricing of bank owned properties, and will become very aggressive to get […]

Full Barack Obama “60 Minutes” Interview And Complete Transcript

| May 8, 2011

President Obama speaks on the secret operation to take out Bin Laden….President Obama: We know he was there at least five years.  The fact of the matter is, you will not see bin Laden walkin’ on this earth again.  As nervous as I was about this whole process, the one thing I didn’t lose sleep […]

2,500 Posts Here At The Stated Truth……………

| May 6, 2011

We just posted out 2,500’th post on www.thestatedtruth.com                  Thanks for coming on by!

Top 10 Cities For Job Seekers In 2011

| May 6, 2011

The nation’s capital continues to head a list of the top cities for finding work. The rankings are based on the latest job market competition ratings from www.Indeed.com. The ratings compare the number of people looking for work with the number of advertised positions in a given area. Here are the 10 cities with the […]

Obama Administration Floats Draft Plan To Tax Cars By The Mile

| May 5, 2011

This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]

Bin Laden Evidence Trove From Department Of Homeland Security

| May 5, 2011

Interesting to say the least! Watch ABC News’ full report on the bin Laden evidence trove tonight on “World News With Diane Sawyer”. A new bulletin issued tonight by the FBI and the Department of Homeland Security and obtained by ABC News describes the terror organization’s chilling desire to derail a train. “As of February […]

Houses May Be Down For 10 Or Maybe Even 15 Years…Here Is Why

| May 4, 2011

This long down period makes sense….everybody is hoping for the best, but demographics and many other things point to a very negative period ahead for real estate. Can Americans cope with a 10 to 15 year bear market in real estate?  On this front there is good news, and bad news.  The bad news is that we are likely […]

Nearly Half Of The Population Of Detroit Can’t Read!

| May 4, 2011

Not surprisd…… DETROIT (WWJ) – According to a new report, 47 percent of Detroiters are  ”functionally illiterate.” The alarming new statistics were released by the Detroit Regional Workforce Fund on Wednesday.

Panetta: Public Likely To See Osama ben Laden Picture

| May 3, 2011

Here is a must rerad transcript with  “NBC Nightly News” anchor and managing editor Brian Williams interviewing CIA director Leon Panetta……courtousy of TIME Magazine online.   This interview will air tonight on “NBC Nightly News.” CIA director tells NBC’s Brian Williams there wasn’t question that image would “ultimately” be released. More, on Gaddafi, Pakistan’s involvement in operation and […]

Food Stamp Recipients Hit 44.2 Million, A New Record

| May 2, 2011

The SNAP released the most recent food stamp numbers. Not surprisingly, we have another all time high of 44.2 million poverty-level Americans relying on government funding for day to day sustenance.  So you ask: When will this end?   Hmm…we wonder about that too!

The Killing Of Osama bin Laden

| May 2, 2011

From MSNBC……The interesting story of how it all happened……from start to finish!  First intelligence of a courier, then an extraordinary house with high walls — and no telephone or Internet. Bin Laden and a son are among five killed in a firefight. By Bill Dedman It started with an unnamed courier. Senior White House officials […]

Questions And More Questions About bin Laden

| May 2, 2011

If What We Are Told Below Is Right:  Big Question?  Does Anybody Truly Believe This….Yes he is dead, but buried at sea already?  U.S. says by Islamic practice burial must be with in 24 hours……and that no country would take him.  So…. 1) The order was to kill, not capture (which begs the question as to why not […]

Osama bin Laden Killed By CIA Special Forces In Pakistan

| May 1, 2011

The most wanted and hunted person in United States history gets his just reward…….Osama, may you rot in HELL!  The United States message is you can run but you can’t hide.  President Obama confirmed Osama bin Laden was killed by CIA Special Forces, with a short address to the nation and ended with this quote “ God Bless America”. […]

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