Road to Depression
Gold price hits new record!
LONDON, England - June 8, 2010 - The price of gold rose to an all-time high point above $1,250 an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal.
At about 09.25 GMT on the London Bullion Market, gold hit a record $1,251.85 an ounce.
"Gold rallied to a new all-time high this morning as worried i
Euro Zone nations set up trillion-dollar bailout fund!
BRUSSELS, Belgium - June 8, 2010 - Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe's currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the dollar.
The "shock and awe" financial rescue package from the European Union and the International Monetary
Medicaid cut places states in budget bind!
NEW YORK - June 7, 2010 - Having counted on Washington for money that may not be delivered, at least 30 states will have to close larger-than-anticipated shortfalls in the coming fiscal year unless Congress passes a six-month extension of increased federal spending on Medicaid.
Governors and state lawmakers, already facing some of the toughest budgets since the Great Depression, sa
Spain strike vents popular frustration!
MADRID, Spain - June 7, 2010 - Spain's public sector strike against a government austerity plan on Tuesday will allow the country's unemployed to vent their frustration but the real test will come in response to labour reform to be unveiled this week. Tuesday's work stoppage and planned marches, called after the government rammed through a plan to shave 15 billion euros ($17.91 billion) off the
Global share sell-off continues on Hungary crisis fears!
Asian shares and the euro plummeted Monday as traders took their lead from a slumping Wall Street and worries that Hungary's public finances face a Greece-style meltdown.
LONDON, England - June 7, 2010 - Fresh fears for the global recovery were stoked after the United States released worse-than-expected jobs figures at the end of last week.
In Tokyo,
Growing ranks of long-term jobless face tough odds!
WASHINGTON - June 5, 2010 - If you lose your job these days, it's worth scrambling to find a new one - fast. After six months of unemployment, your chances of landing work dwindle.
The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46% of the unemployed. That's the highest percentage on records dating to 1948. By late summer or
U.S. 13 trillion dollar debt poised to overtake GDP!
WASHINGTON - June 4, 2010 - Illegitimate President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output; a step toward what Bill Gross called a “debt super cycle.”
The Chart of the Day tracks U.S. gross domestic product (GDP) and the government’s total debt, which rose past $13 trillion for
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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