thestatedtruth.com | December 31, 2011
At the close of 2011, U.S. natural gas prices sat at their lowest point in more than two years and the lowest winter price in ten years. All the while natural gas production in the lower 48 states hit an all time record of 71.3 billion cubic feet a day in October, according to the latest U.S. Department of […]
thestatedtruth.com | December 31, 2011
Unusual weather patterns are creating an interesting twist to normally harsh winter areas in the United States….Just 19.6 percent of the continental United States is covered in snow, according to the latest snow analysis by NOAA, compared with 50.3 percent this time last year. From the Washington Post: At the National Arboretum, the white petals of […]
thestatedtruth.com | December 29, 2011
Here is one of the reasons for slow world growth dead ahead, and from the looks of things, it will last a long long time! The baby boomer generation was the last of the demographic growth cycles and that was back from the 1950’s thru the 1970’s. Now the baby boomers are debt ridden as they enter retirement age, […]
thestatedtruth.com | December 28, 2011
The message is clear…. Reuters: U.S. FIFTH FLEET SAYS ANY DISRUPTION OF NAVIGATION IN HORMUZ STRAIT “WILL NOT BE TOLERATED” The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the strategic oil route. “The free flow […]
thestatedtruth.com | December 23, 2011
thestatedtruth.com | December 22, 2011
The head of the world’s biggest bond fund said he sees a more than 1 in 3 chance that the euro zone will break apart and trigger a financial crisis akin to the one that devastated the global economy in 2008. From Bloomberg: “It would be the equivalent of a sudden stop in which financial markets seized […]
thestatedtruth.com | December 22, 2011
NAR proving what most everyone knew:………. the sales numbers are inflated. NAR: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 NAR: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN
thestatedtruth.com | December 22, 2011
PIMCO’s latest thoughts are highlighted below…..rather sobering to say the least! Here are the just released 2012 forecasts by Bill Gross, via Bloomberg and the WSJ: PIMCO SEES RISK-OFF PHASE IN FIRST PART OF 2012, EL-ERIAN SAYS PIMCO: U.S. TO GROW BETWEEN 0% AND 1 % IN 2012 PIMCO SEES GLOBAL ECONOMY GROWING 1.0%-1.5% IN […]
thestatedtruth.com | December 22, 2011
PIMCO’s Bill Gross has become very negative on the U.S. and World economies growth rates. Todays tweet from him……..dissing the European LTRO (Long Term Repo Operation) to save European banks….the hope is that the banks take this money and leverage it up many times to buy Piigs (five Eurozone nations, Portugal,Ireland,Italy, Greece and Spain) sovereigns HIGH risk debt, presto…debt problems […]
thestatedtruth.com | December 18, 2011
Extend and pretend, benefit extentions looked all set to go….but not so fast, they may not get approved after all. On Sunday House Speaker John Boehner flatly ruled out approval of a Senate agreement to temporarily extend the payroll tax cut through February. But, Senate Majority Leader Harry Reid (D., Nev.) said if Mr. Boehner rejected the Senate […]
thestatedtruth.com | December 18, 2011
A new recession is coming, as we’re seeing all the signs of it ahead of time. “The U.S. gasoline market continues to receive down pressure from falling gasoline demand.” according to Trilby Lundberg, president of Lundberg Survey in Camarillo, California. Gasoline demand at the pump in the week ended Dec. 9 was 8.76 million barrels a […]
thestatedtruth.com | December 17, 2011
The U.S.consumer debt situation remains a major problem and is far from its normal boundaries. It will remain so for some time to come, and we mean years! Here’s an updated look at the U.S. consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Even after all the […]
thestatedtruth.com | December 16, 2011
Here are 50 significant stats for 2011…. #1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty. #2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished. #3 If the number […]
thestatedtruth.com | December 16, 2011
Uh, so how do you underestimate your sub-prime loans number by 238 billion dollars from 2006 to 2008 and then allow yourself nice bonuses off those false numbers. Lucky for us tax payers some of those bonuses were clawed back’ by the government. Anybody out there think these guys missed the numbers by accident? No, it was no accident! […]
thestatedtruth.com | December 15, 2011
According to the Australian Finance Review, banks down under “have been given 1 week by regulators to stress test how they would handle a spike in joblessness and a plunge in home prices spurred by EU debt crisis.” Bloomberg First Word describes for us what the article says: Australian Prudential Regulation Authority envision worst-case scenario of […]
thestatedtruth.com | December 14, 2011
A sharp decline in withholding tax receipts signals an imminent recession is dead ahead! The forward indicators that produce the most reliable signals with respect to recession forecasting continue to indicate that a return to economic contraction is highly likely in early 2012. Our computer models have been predicting the likely start of a new recession […]
thestatedtruth.com | December 13, 2011
Here we go with today’s Fed release….. Fed Headline Summary: FED: FINANCIAL STRAINS STILL POSE `SIGNIFICANT DOWNSIDE RISKS’ FED REPEATS `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST MID-2013 FED SAYS ECONOMY `EXPANDING MODERATELY’ AS GLOBAL GROWTH SLOWS FED LEAVES OPERATION TWIST PROGRAM UNCHANGED FED SAYS CONSUMER SPENDING `HAS CONTINUED TO ADVANCE’ FED SAYS UNEMPLOYMENT RATE TO […]
thestatedtruth.com | December 12, 2011
The President says…”We want our Drone back!” But… It’s more likely that the clone masters in China have already bought the original and built a million cheap imatation drones. ABC reports in connection with President Obama’s handling of this embarrassing predicament, “”We’ve asked for it back. We’ll see how the Iranians respond,” the President said at a news conference. He wouldn’t comment […]
thestatedtruth.com | December 5, 2011
A picture is worth a thousand words, especially on this subject! Rutgers University Working Paper Categorizing the Unemployed by the Impact of the Recession By Dr. Cliff Zukin, Dr. Carl E. Van Horn, and Charley Stone In August 2009, the John J. Heldrich Center for Workforce Development at Rutgers, The State University of New Jersey […]
thestatedtruth.com | December 5, 2011
thestatedtruth.com | December 5, 2011
The latest update from the Supplemental Nutrition Assistance Program (SNAP) shows 423,000 more Americans just found their way to the Food Stamp train from Uncle Sam. This should be good for Walmart.
thestatedtruth.com | December 4, 2011
Banks are a moving target for a reason in the new World normal… Pressure is growing on Berlin over the weekend as there are rumors that COMMERZBANK, Germany’s second largest bank, will have to be nationalized. It means that the solvency of GERMAN banking is being challenged. If COMMERZBANK fails then one of the most levered banks in […]
thestatedtruth.com | December 3, 2011
Robert Reich, President Clinton’s Secretary of Labor says not so fast about the big positives on the Friday jobs report. The jobless rate fell partly because around 315,000 people who had been looking for jobs dropped out of the job market in November. Remember: If you’re not actively looking, you’re not counted as unemployed on the […]
thestatedtruth.com | December 2, 2011
Bill Gross of PIMCO says (despite today’s positive unemployment news) things continue to be bad, and interest rates will likely stay at record lows for another four years. From Bloomberg: Pacific Investment Management Co.’s Bill Gross said U.S. employment growth won’t prevent the Federal Reserve from signaling that borrowing rates will remain lower longer than policy makers have already indicated. […]
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