We are the home of the LEADING investment forecaster in the world. This claim is backed by a $100,000 guarantee. Have you ever heard of anyone back their claim with $100,000? So, who is the leading expert on the economic collapse? MIKE STATHIS, Author of America's Financial Apocalypse (2006) and Cashing in on the Real Estate Bubble (2007). as well as the Wall Street Investment Bible (2008). Those who followed the advice in these books made a fortune. We are #1 in Market Forecasting Mike advised investors to get out of the market before the collapse. In fact, he predicted the Dow would collapse to 6500 in his 2006 book. On March 9, 2009 Stathis recommended buying into the stock market. That would end up being the EXACT bottom. NO ONE else in the world made that call. Since March 2009, Stathis has kept his research clients in the US stock market. Mike has also nailed every market sell off since the financial crisis. Mike Stathis and AVA Investment Analytics... #1 in Distressed Securities Analysis #1 in Currency & Commodities Forecasting, #1 in Macroeconomic Analysis, #1 in Precious Metals Forecasting Yet, Stathis continues to be banned by the media...Why? Because the media intentionally airs jug heads and charlatans since they have been bought off by Wall Street. The "experts" in the media have terrible track records. By airing clowns and extremists, Main Street will be misguided. This will make it much easier for Wall Street to take your money. So if you pay attention to the media, you are going to get screwed. FACT: if you do not have our research, you are behind the curve.
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Is The Dallas Economy Really That Healthy?
Friday, May 21, 2010, by Stathis

A few weeks ago, I discussed the fact that the media has been fabricating signs of recovery in certain cities across America. 

Close to half of the cities on the road to recovery (according to the media liars) are located in none other than the state of Texas.

As you will recall, I set the record straight on this propaganda.  I

 ran across another piece several days later and couldn't resist emailing the hack reporter to set him straight.

But I failed to mention a couple of things. 

For many years, Dallas has had one of America's lowest consumer credit ratings.

Furthermore, as the report from Experian discusses, Dallas is second in the nation in consumer credit card debt per person, coming in at a whopping...are you ready? .....

$26,599!  That's an average figure per person!  

Anyone who has lived in Dallas for a period might not be too surprised at such a high level of credit card debt.

You see, everything is big in Texas -  the hair, the trucks, the guns, the bellies, the boobs, and of course the spending habits. And they certainly don't call it the Big D for nothin. 

Dallas is somewhat of a financial powerhouse, with the Dallas Fed as well as a host of huge hedge funds, most of which are clueless of course (some things don't change whether you're in NYC or Dallas, Texas). Overall, it's a very wealthy city; that is, for the few of the old families made rich from the old oil days.  Along with a a handful of billionaires, Dallas has a big pool in the 9-figure club. 

And Dallas certainly isn't lacking in the young "babes" department. Common law, old men with money, a lineup of gentleman's clubs difficult to rival anywhere in the U.S., and an endless supply of gold-diggers help explain Dallas' eye-popping divorce rate.

But for all others lacking the money to play the game, they spend what they don't have. In short. Dallas has a big supply of $30,000 millionaires looking to be part of the action.

The report from Experian lists Seattle as the city with the highest credit card debt per person, at $26,646. This is a bit more acceptible due to the much higher cost of living, as well as higher salaries. 

Experian reports that Seattle residents have a good history of repayment or fewer late payments. I know from history that Dallas residents have a poor repayment history (explaining in part, their poor credit score).

But what's most shocking is that the 65% of the metropolitan areas in the U.S. have an an average credit card debt of $24,775. 

It's clear that Dallas bears a close resemblence to the path taken by the U.S. - excessive spending, leading to a mountain of debt. As a result, anything positive from the Dallas economy needs to be adjusted for the debt spending, similar to the case with Washington's approach. In both cases, I see no improvements to the economy even with the high debt levels. After adjusting for debt, things look really bad.

I don't know whether or not you have any credit card debt, but let me give you some advice. If you do, you had better pay it off and keep it that way.

One of the best ways to put money in your pocket while increasing your intelligence, quality of life and becoming a more successful investor is to CUT THE CABLE.  No TV. Cutting the cable is likely to save you anywhere from $500 to $1000 per year; a decent chunk to add to an IRA. Others might want to use that amount to buy a subscription to the AVAIA investment newsletter. And of course, by cutting the cable, you won't be subjected to the trash and misinformation.





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