thestatedtruth.com | April 30, 2012
And it’s likely to go even lower over the next few years! The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, said Scott Simon, the mortgage bond head of Pacific Investment Management Co. “It will be lower by 2017,” and “It will be lower in 2020.” The […]
Category: Commentary, Economy, National News, Real Estate |
61 Comments »
Tags: home ownership %, Ownership rate, Real Estate
thestatedtruth.com | April 30, 2012
To soon to tell, but we’ll leave a light on…just in case! From Bloomberg: Business activity in the U.S. expanded in April at the slowest pace since November 2009, a sign that manufacturing may be cooling as business investment eases. The Institute for Supply Management-Chicago Inc. said today its barometer decreased to 56.2 during the […]
Category: Commentary, Economy, National News |
63 Comments »
Tags: business, Forecast, ISM Number, Light On, Recovery, Slowdown
thestatedtruth.com | April 29, 2012
Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help! Not! There was a big fight in D.C. this past week over student loans. by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]
Category: Commentary, Economy, Education and Schooling, National News |
13 Comments »
Tags: Borrowed, education, Lights Out, Student Loans, university
thestatedtruth.com | April 27, 2012
Why are we not surprised? Maybe because the government sponsored mortgages only require less then 3% down! Hmm. From (Reuters) ….. More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a […]
Category: Commentary, Economy, National News, Real Estate |
77 Comments »
Tags: debt, Housues, Mortgage, Own Home, Real Estate, Underwater
thestatedtruth.com | April 23, 2012
So, the revenue grows but the ship still sinks….Inquiring minds want to know how it can be fixed? In Illinois, the backlog of unpaid bills has risen to more than $9 billion because of pension costs and falling federal aid, leaving the state “essentially treading water,” Comptroller Judy Baar Topinka said. While revenue grew from higher […]
Category: Commentary, Economy, National News, Pensions and Retirement |
4 Comments »
Tags: Costs, Illinois, Sinking, taxes, Unpaid
thestatedtruth.com | April 17, 2012
Out of the 143 million tax returns that were filed with the IRS in 2010, 58 million or 41 percent of those filers were non-payers. Hmm…. Americans making over $50,000 paid the majority of the federal taxes that were paid in the U.S. in 2010. According to statistics compiled from the Internal Revenue Service (IRS) by […]
Category: Commentary, Economy, National News, Personal Net Worth |
42 Comments »
Tags: Effictive Tax Rate, Real Deal, Taxes Paid
thestatedtruth.com | April 17, 2012
Quote of The Day From Ben Stein: “Fathom the hypocrisy of a Government that requires every citizen to prove they are insured…. but not everyone must prove they are a citizen.”
Category: National News, Quote of the Day |
1,271 Comments »
Tags: bEST qUOTES, Daily Quotes, Quote
thestatedtruth.com | April 11, 2012
Category: Charts and Graphs, Commentary, Economy, National News, Oil and Nat Gas |
3 Comments »
Tags: Biofuels, Conventional Oil, Corn Based Fuel, Deep Water Oil, Oil Alternatives, Oil Sands, Oil Shale, OPEC Oil, Petroleum Priceing
thestatedtruth.com | April 10, 2012
So…the real question is how do we fix this? As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]
Category: Charts and Graphs, Commentary, Economy, National News, Pensions and Retirement |
43 Comments »
Tags: Disaster, Lost Cause, pensions, Underfunded, Wipe Out
thestatedtruth.com | April 10, 2012
Oil refineries are closing all accross the United States with nearly half the refining capacity on the U.S. east coast set to disappear …so of course it’s no wonder gasoline prices are pushing all time record prices. Chart Courtesy Inteldaily.com (Added by EconMatters) We now have half the refining capacity on the U.S. east coast set to […]
Category: Charts and Graphs, Commentary, Commodities, Economy, National News, Oil and Nat Gas |
2 Comments »
Tags: Gasoline, Oil Refining, Petroleum
thestatedtruth.com | April 6, 2012
The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. www.zerohedge.com
Category: Charts and Graphs, Commentary, Economy, National News |
3 Comments »
Tags: Bad Numbers, labor force, Tricky Numbers, Un Accounted For
thestatedtruth.com | April 5, 2012
Fortune broke an interesting story on a private lunch that Bernanke had with some key bankers. FORTUNE — After completing a series of public lectures in Washington, D.C. last week, Federal Reserve Chairman Ben Bernanke quietly slipped into New York City for a private luncheon on Friday with Wall Street executives. Fortune has learned […]
Category: Commentary, Economy, National News, Wall Street |
3 Comments »
Tags: Fly On The Wall, Hello, Interesting, What's Up Doc
thestatedtruth.com | April 3, 2012
Nurses rank highest, and members of Congress and Lobbyists rank lowest along with Car Salesmen, for honesty and ethics. If you’re surprised, raise your hand! Nope, I don’t see any hands, just as I thought.
Category: Charts and Graphs, Commentary, National News, Wall Street |
1 Comment »
Tags: Ethics, Honesty, Rankings, Top to Bottom
thestatedtruth.com | April 2, 2012
Foodstamp usage for January is virtually unchanged at 46.5 million recipients. The actual number of recipients declined by a whisper, while the number of households receiving some sort of benefit increased to a new record of 22.2 million. www.zerohedge.com
Category: Charts and Graphs, Commentary, Economy, National News, Tid Bits, Wall Street |
3 Comments »
Tags: entitlements, food stamps, Free Money, Hand Outs