Road to Depression
U.S. home values down by 1.7 trillion dollars!
NEW YORK - December 10, 2010 - Homes in the United States were expected to lose more than $1.7 trillion in value during 2010, exceeding their $1.05 trillion loss in 2009, as foreclosures accelerated, real estate data firm Zillow said on Thursday.
Zillow estimated, based on the first 11 months of 2010, less than a quarter of the 129 markets it tracks will show gains in total home valu
U.S. fiscal health worse than Europe!
BEIJING, China - December 9, 2010 - The U.S. dollar will be safe for the next six to 12 months because global markets are focused on the euro zone's troubles, Chinese central bank adviser Li Daokui said on Wednesday, when asked about illegitimate U.S. President Barack Obama’s plan to extend tax cuts for all Americans.
Food Stamp rolls continue to rise!
WASHINGTON - December 8, 2010 - More people tapped food stamps to pay for groceries in September as the Depression has prompted more Amerikans to turn to government safety net programs to make ends meet.
AMBROSE EVANS-PRITCHARD: Global bond rout deepens on U.S. fiscal worries!
By Ambrose Evans-Pritchard
LONDON, England - December 8, 2010 - Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of U.S. Treasuries and bonds across the world, threatening to short circuit any benefits of stimulus. The bond rout raises concerns that the U.S. authorities may be losing control over events.
U.S. housing doldrums to last until 2013!
NEW YORK - December 7, 2010 - Some 58% of Amerikans expect the U.S. housing market to stay depressed for two or more years, a survey has found.
In the survey, 48% of respondents said they would consider walking away from their mortgage if they were in negative equity - up from 41% since May.
Top forecasters say the worst is yet to come for the euro!
NEW YORK - December 6, 2010 - The most accurate foreign-exchange strategists say the euro’s worst annual performance since 2005 will extend into next year as the region’s sovereign-debt crisis saps economic growth.
U.S. unemployment at its worst since World War II!
WASHINGTON - December 6, 2010 - As unemployment in the U.S. nears the dreaded 10% mark, it is a chart to chill the bones of any job hunter.
Comparing previous recoveries from all 10 Amerikan recessions since 1948 to the current financial crisis, the stark figures show almost no improvement in employment figures in the past year.
MORE ARTICLES
- Fascist Police States of Amerika regional bank stocks crash!
- FPSA pending home sales unexpectedly tumble in September!
- Which cities have the highest risk of a housing bubble?
- Gas prices fall below 90 cents a gallon at one Wisconsin gas station!
- Sixty percent of Amerikans won’t be able to cover basic necessities in a month or less!
- Southern Kalifornia home sales crash!
- The state of Amerika's debt slaves!
- New home sales decline 9.3%!
- FPSA retail store closings hit a new record high as west coast homelessness soars!
- Commentary: 1 in 4 Amerikans are completely broke and in no position to help themselves!
- Illinois official says state is in massive crisis mode!
- S&P and Moodys cut Illinois to near junk status!
- Five highly respected financial experts warn that a market crash is imminent!
- Greek debt deal collapses after 8 hours of negotiation!
- Crashing Canadian mortgage lender bailed-out by retired healthcare workers!
- Canada housing bubble explodes as its biggest mortgage lender crashes!
- FPSA home prices rise at the fastest pace since July 2014!
- Home sales crash to lowest level since 2008 as pricing reset gets underway!
- The number of new businesses in the FPSA is collapsing!
- Retail sales growth tumbles to 6-month lows!
- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA CEOs unleash Depression fears in earnings calls!
- FPSA services economy slumps to weakest in 13 months!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- The worst ever stock market start is just the beginning!
- Brazil slides into the brink with industrial production down 12%!
- Baltic Dry Index careens to fresh record low!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- Spending was at an all time low for Black Friday this year!
- Puerto Rico debt bomb about to explode!
- Baltic Dry Shipping Index drops to all-time low!
- Latest payroll jobs numbers are false and misleading!
- Markets are back at panic levels!
- Ailing global economy starts to weigh on FPSA job market!
- The truth about unemployment in Amerika!
- Record 94,031,000 Amerikans not in labor force!
- Canada officially enters recession!
- Dow plunges 531 points!
- S&P 500 drops below trading range as global selloff intensifies!
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FAMOUS QUOTES
Etienne de la Boetie
"It is incredible how as soon as a people becomes subject, it promptly falls into such complete forgetfulness of its freedom that it can hardly be roused to the point of regaining it, obeying so easily and willingly that one is led to say... that this people has not so much lost its liberty as won its enslavement."
—Etienne de la Boetie
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