Road to Depression

Global trend forecaster Gerald Celente on $2,000 gold!

NEW YORK (PNN) - June 20, 2015 - If there’s one thing everyone can agree on in an environment where economic data has been skewed, repeatedly revised and outright manipulated, it’s that we are seeing extreme volatility throughout the global marketplace.

Road to Depression

Greek depositors yank another 600 million euros from local banks!

ATHENS, Greece (PNN) - June 13, 2015 - One week ago Greece suffered a massive deposit outflow to the tune of €700 million, culminating a week of €3.4 billion in total outflows following the acrimonious failure by the Greek government to reach a deal with the Troika.

Road to Depression

Juncker spurns Tsipras request for meeting to stave off default by Greece!

ATHENS, Greece (PNN) - June 6, 2015 - On Friday, Greek Prime Minister Alexis Tsipras cancelled a meeting with eurozone officials in Brussels. He returned to Athens to address outrage from within his own party.

Road to Depression

Goldman Sachs warns too much debt threatens world economy!

NEW YORK (PNN) - May 29, 2015 - The debt burden - particularly in “developed” countries - along with aging populations, pose a risk to the economies of those countries, Goldman Sachs has warned. Andrew Wilson, Goldman Sachs Asset Management’s chief executive in Europe said, “There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate g

Road to Depression

Spain unemployment rate increases to 23.7%!

MADRID, Spain (PNN) - April 23, 2015 - The economic recovery in Spain has gone from jobless to job loss. Spain shed 114,300 jobs in the first quarter of 2015.

In the first three months of the year, the economy shed 114,300 jobs. The result has been a slight increase in the unemployment rate from 23.7% to 23.78%, according to the Labor Force Survey (EPA) published by the National Empl

Road to Depression

McDonald’s closing hundreds of restaurants as sales slide!

NEW YORK (PNN) - April 23, 2015 - McDonald’s plans to unwrap a plan next month that it says will help turn around sales declines around the world.

CEO Steve Easterbrook, who stepped into the role just last month, said Wednesday the company will share “initial details” of the plan May 4.

Road to Depression

Greek eurozone exit edges closer as markets brace for Athens default!

WASHINGTON (PNN) - April 19, 2015 - Eurozone officials meet for further crunch talks on Greece this week amid warnings that time is running out for the country to avoid defaulting on its debts and being jettisoned from the single-currency bloc.