thestatedtruth.com | January 31, 2012
Looks like we have slow learners here, folks…..$100 billion in write downs, give me a break! Shipping Loans Now Go Bad For European Banks With China rolling over, the large ship containers are increasingly lined up and stacked in Asian harbors around the world. The IHT is out quoting industry observers stating that European banks may be […]
thestatedtruth.com | January 31, 2012
We ask Governor Brown of California, what happened to those Rosie optimistic solutions and improving tax receipts that you talked about not to long ago? Looks like we have the same skid marks on the road as last year…Can’t anybody come up with a conservative assumption going forward. Oh ya, that’s right… you were thinking that residents will vote for a tax […]
thestatedtruth.com | January 31, 2012
Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment! The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase […]
thestatedtruth.com | January 31, 2012
More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]
thestatedtruth.com | January 30, 2012
It’s all about demographics my dear Watson…Japan’s population of 128 million will shrink by one-third and seniors will account for 40 percent of it’s people by 2060. And NO, we didn’t make this stuff up, it came from Japan’s Health and Welfare Ministry! From AP: Japan’s population of 128 million will shrink by one-third and seniors […]
thestatedtruth.com | January 30, 2012
From ZeroHedge….. We already know that Israel is on edge……the fuse may be looking for a match like a bug looking for a windshield! Here’s a following of US naval developments and deployments in the Arabian Sea, which serve one purpose and one purpose only – to demonstrate US military strength in the Straits […]
thestatedtruth.com | January 29, 2012
Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness! Didn’t know there was such a thing? Well read on…. From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]
thestatedtruth.com | January 28, 2012
According to Freddie Mac, while the value of all housing is down 30%, and home equity is down 55%, we see that mortgage debt owed is only down a minestrone 3%. Bottom line, the U.S. housing market is back to the Armageddon high debt-to-equity ratio that was only ever seen during the Q1 2009 economic wipe out, and even worse, we […]
thestatedtruth.com | January 27, 2012
Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]
thestatedtruth.com | January 27, 2012
There has been an abundance of confidence in our system lately, so much so that an abnormal amount of spending has been come from savings, but history shows this often leads to disappointment. This will likely be reflected going forward in the first quarter or half of 2012….. Goldman On GDP: Warns Of Q1 Weakness The change in real private inventories added […]
thestatedtruth.com | January 26, 2012
Negative demographics as far as the eye can see. and it’s reflected in the median price for new homes, which just dropped from $215,700 to $210,300. According to the Census Bureau (not NAR data), December New Home Sales declined from 321K to a seasonally adjusted annualized rate of 307K in December, on expectations of a rise to […]
thestatedtruth.com | January 25, 2012
Bill Gross of PIMCO explains Fed decision on Tweeter www.zerohedge.com
thestatedtruth.com | January 25, 2012
The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)! FED Summary: No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]
thestatedtruth.com | January 24, 2012
Apple is the American success story of the century. This is one large pile of cash! After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities). The company’s total cash and equivalents horde is now just shy of […]
thestatedtruth.com | January 23, 2012
So…if your cell phone is a little bit edgy, now you know why! From Washington (AP) The sun is bombarding Earth with radiation from the biggest solar storm in more than six years with more to come from the fast-moving eruption. The solar flare occurred at about 11 p.m. EST Sunday and will hit Earth with […]
thestatedtruth.com | January 22, 2012
Yep, looks sort of like the European currency and economic predicament….half way over the edge but confused and still thinking everything’s going to be OK! Hmm…So far, so good!
thestatedtruth.com | January 22, 2012
This kind of reminds us of the dopes in Washington….clueless as to how to resolve anything in a logical way unless of course it costs us tax payers millions! A toothpaste factory had a problem: they sometimes shipped empty boxes, without the tube inside. This was due to the way the production line was set up, and […]
thestatedtruth.com | January 20, 2012
Confidence levels have been rising rapidly…and the government says things are getting better, people are starting to borrow again, using their credit cards more, and out and about in a spending mood….but the exhibit below tells a more realistic story of our current plight. So, are things really any better then they were? We’ll let you answer that one! Chart: […]
thestatedtruth.com | January 19, 2012
The six-month ahead outlook for Philly Fed shows a very high level of ‘hope’. Expectations for the data was a 10.3 and it came at 7.3, a definitive miss to expectations. Revisions rise to 7.3 (from 6.8 revised) is heralded (in a short-lived manner) as evidence of improvement. Under the covers though, things aren’t so rosy. New Orders […]
thestatedtruth.com | January 19, 2012
Same old same…..things are getting better, but are they really? Yes they are, but in 2008 we stopped on a dime. The Federal Reserve looks to be worried about deflation. We all should be too! Initial Claims: Initial claims drop from revised 402K (as expected) in last week, to 352K this week, 50K swing in one […]
thestatedtruth.com | January 19, 2012
It was going to happen sooner or later….a once mighty company, founded in 1880 by George Eastman and renamed Eastman Kodak in 1892, they controlled 90% of the film market by 1976, and were a part of the Dow Jones Industrial Average index for 74 years before being deleted in 2004. But before anyone gets any […]
thestatedtruth.com | January 18, 2012
Interesting new products from the (CES) Consumer Electronics Show in Las Vegas…… www.ingerletter.com
thestatedtruth.com | January 18, 2012
“I have never let my schooling interfere with my education.” – Mark Twain
thestatedtruth.com | January 18, 2012
We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday. In an other ominous sign […]
thestatedtruth.com | January 18, 2012
IMF: 2 Year “Funding Gap” Hits $1 Trillion IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN Fed Officials Open to Additional Easing as They Monitor Risks to Economy Federal Reserve officials are staying open to further monetary easing this year as they […]
thestatedtruth.com | January 17, 2012
www.thestatedtruth.com supports this important issue. Protest SOPA/PIPA For more information on this, click here: https://en.wikipedia.org/wiki/Stop_Online_Piracy_Act
thestatedtruth.com | January 17, 2012
No wonder the U.S. is telling Israel to cool they’re heals about Iran…if you want to make a bad situation worse, then start a war in the Middle East and watch oil go to $200 a barrel, then presto, a world depression that would make the 1930’s look like a picnic! World Bank Cuts Economic Outlook, […]
thestatedtruth.com | January 17, 2012
This points to a global slowing in the economies of the world….The index has fallen for 19 days in a row, down almost 50%, its largest drop since the harrowing period of Q4 2008…….Capice. By definition: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic […]
thestatedtruth.com | January 16, 2012
“The Senator” was an old friend to many, and besides being the tallest cypress tree in the United States, it was also the oldest of its kind in North America. Even more interesting, it was the fifth oldest tree in the world. Longwood, Florida A 3,500-year-old Central Florida landmark burned to the ground. A fire early Monday […]
thestatedtruth.com | January 15, 2012
Guess the idea is….why waste money on an exercise if the real think is coming? Or maybe not, as last week Europe wanted western countries to postpone an embargo against Iranian oil exports by 6 months because of poor european economies. The United States and Israel have agreed to postpone a large joint military exercise planned for this spring. The […]
thestatedtruth.com | January 12, 2012
So…..back in September Kodak said it was weighing options, then issued a statement saying it has “no intention of filing for bankruptcy” and that it is pursuing patent sales. It looks like Eastman Kodak has about $1.6 billion in debt according to Yahoo Finance. A Polaroid moment is close to being developed! Eastman Kodak Co. (EK) is […]
thestatedtruth.com | January 12, 2012
While most of the U.S. has had a very mild winter, that is not the case in Alaska. ANCHORAGE, Alaska The worst winter anyone can remember in Alaska has piled snow so high people can’t see out the windows. More than twice the normal snow has already been dumped on Anchorage! “The scary part is, we still have three […]
thestatedtruth.com | January 12, 2012
It’s all about demographics my dear Watson….here’s some food for thought! First up let’s study a graph of the Census Bureau historical and forecast data for the peak-spending cohort population in the U.S. from 1980 to 2050. The Age 45-49 cohort peaked in 2009 and will bottom out in 2022 after an estimated decline of […]
thestatedtruth.com | January 12, 2012
The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice. This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]
thestatedtruth.com | January 10, 2012
One more” bonus baby” and they’re sold out! Unbelievable…At the North American International Auto Show in Detroit, Aston Martin’s Julian Jenkins reveals that its One-77 model at a price point of about $1.9 million is one unit away from sold out.
thestatedtruth.com | January 10, 2012
This is truly a statement about the rich. Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records. Sales of […]
thestatedtruth.com | January 9, 2012
PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think. EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]
thestatedtruth.com | January 9, 2012
Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast. This will be double trouble. PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit data from the Fed shows a stunning November in which U.S. households borrowed […]
thestatedtruth.com | January 8, 2012
thestatedtruth.com | January 8, 2012
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