thestatedtruth.com | May 23, 2012
Warning from the Congressional Budget Office…don’t raise taxes! The Congressional Budget Office warned that the country could be thrown into a recession if Congress tries to reduce the nation’s deficit quickly with a combination of budget cuts and higher taxes scheduled to take place at the end of the year. The nonpartisan budget office laid […]
thestatedtruth.com | March 2, 2012
Here we go….it feels like we could be at the peak of the good feeling time for this economic rebound. Things are getting hot everywhere we look. People are feeling better and the talk is that things are headed back to the good old times, which many consider to be normal. But gasoline prices are sky high, and prices are rising on […]
thestatedtruth.com | February 10, 2012
Gasoline deliveries have in the past reflected recession or growth. If so, the recent drop in retail gasoline deliveries may signal a sharp economic contraction dead ahead. Or… a new normal because of rising fuel economy? Note that petroleum usage is back to 1997 level and gasoline usage is back to 2001 level. Moreover, two out of the last three weeks gasoline […]
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 | August 31, 2011
The Fed is caught by its tail in a mouse trap. Charles Evans, president of the Chicago Federal Reserve Bank told CNBC television the labor market, with its 9.1 percent jobless rate, looks to be in a recession. (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help […]
thestatedtruth.com | August 28, 2011
The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]
thestatedtruth.com | May 21, 2011
Lakshman Achuthan, founder and managing director of the Economic Cycle Research Institute (ECRI), is calling for a slowdown in global economic growth by this summer. Based on our Long Leading Index of global industrial growth, we expect a downturn to start by summer. Beforehand, prominent shorter-leading indicators of industrial growth, like JoC-ECRI industrial commodity price […]
thestatedtruth.com | April 28, 2011
Reality check for the government talking heads……are things really as good as they think. From Reuters: An April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. 29 percent said the economy is in a depression and 26 percent said it is in a recession, with another […]
thestatedtruth.com | April 15, 2011
President Obama has interesting but harsh words out of the White House…..Let’s look at his record, looks like the old saying, do as I say, not as I do! “Failure by Congress to raise the U.S. debt limit “could plunge the world economy back into recession,” President Barack Obama declared Friday, and he acknowledged that he […]
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