thestatedtruth.com | June 29, 2012
The use of Eminent Domain to rewrite underwater mortgages would be catastrophic to the future of the housing industry. It would guarantee that private capital would have no interest in writing future loans for property that could be seized. Any idea that has no homeowner skin in the game should be dead on arrival! Officials in San Bernardino […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street, World News |
11,637 Comments »
Tags: Eminent Domain, Lost Cause, Morgages, Real Estate, Under Water
thestatedtruth.com | June 26, 2012
Hmm… Survey: More Than 25% of Americans Have No Emergency Savings! By Nancy Stanley While nearly half of Americans don’t have enough money saved to cover emergencies, one-quarter don’t have any money saved, according to Bankrate.com’s Financial Security Index survey. The general rule of thumb is to have enough cash saved to cover at least […]
Category: Commentary, Economy, Finance, National News, Pensions and Retirement, Personal Net Worth, Wall Street, World News |
2 Comments »
Tags: Cash, Emergency, Expenses, Finanial Security, Retirees, Savings
thestatedtruth.com | June 26, 2012
Ray Dalio: Don’t Assume That Germany Will Bail Europe Out; Consider The “Fat Tail” A Significant Possibility…….Dalio’s Bridgwater is one of the highest rated hedge funds anywhere, so naturally we highly value their opinion! From Bridgewater’s Daily Observations: Be Careful When Betting Against Human Nature Alliances are shifting in a logical manner. The German-French alliance is breaking down […]
Category: Commentary, Economy, National News, Wall Street, World News |
42 Comments »
Tags: Big Problem, Ray Dalio;Europe, Wipe Out, World Economy
thestatedtruth.com | June 24, 2012
At least somebody has this figured out! Ministry of [Un]Truth By Eric Sprott & David Baker Speaking at a Brussels conference back in April 2011, Eurogroup President Jean Claude Juncker notably stated during a panel discussion that “when it becomes serious, you have to lie.” He was referring to situations where the act of “pre-indicating” […]
Category: Commentary, Economy, National News |
45 Comments »
Tags: Conference, Economy, Figured Out, Official, Srott, Un Truth
thestatedtruth.com | June 11, 2012
Fed Says U.S. Wealth Fell 38.8% in 2007-2010 because of Housing….Duh! The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. Median net worth declined to $77,300 in […]
Category: Commentary, Economy, National News, Personal Net Worth, Real Estate, Wall Street |
14 Comments »
Tags: Investment, Lost, Money, Poor, Rich, Wealth
thestatedtruth.com | June 7, 2012
It sounds like things are really rolling, but are they really? Since reaching a five-year low of $51.3 trillion in the first quarter of 2009, net worth has improved by $11.6 trillion. That leaves it $4.6 trillion below the record high of $67.5 trillion reached in the quarter ended September 2007, three months before the […]
Category: Commentary, Economy, Finance, Personal Net Worth |
1 Comment »
Tags: debt, net worth, Persoal net Worth, Real Estate Holdings