Road to Depression

Lloyd's of London warns of major threat to insurance market!

LONDON, England - May 18, 2010 - The head of the Lloyd’s of London insurance market warns today that one more major disaster could plunge the insurance industry into the red this year.

Road to Depression

Stocks slide after euro falls to new four-year low!

NEW YORK - May 18, 2010 - Investors uneasy about the news coming out of Europe Tuesday went back to selling stocks sharply lower. The falling euro and news that German regulators plan to limit some kinds of short selling fed the drop.

Road to Depression

AMBROSE EVANS-PRITCHARD: Banks dump Greek debt on the ECB!

By Ambrose Evans-Pritchard

LONDON, England - May 17, 2010 - The Bank of New York Mellon said its custodial data showed a "sharp acceleration" of net sales of debt from the two countries after the European Central Bank (ECB) began purchasing €16.5 billion of bonds from southern Europe and Ireland in bid to halt market panic. "It rather suggests that investors lea

Road to Depression

Euro plunges to four-year low against dollar!

LONDON, England - May 17, 2010 - Nervous trading sent the euro into a nosedive early today, as fears of further debt crisis contagion and stalling growth crept across dealing rooms.

Road to Depression

Fears intensify that euro crisis could snowball!

NEW YORK - May 16, 2010 - After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies.

Road to Depression

Large majority believes U.S. still in Depression!

NEW YORK - May 14, 2010 - Public attitudes toward the economy have created ominous political problems for the Democrat Party and Wall Street, according to the new NBC News/Wall Street Journal poll.

Road to Depression

UK next European country to experience massive debt crisis!

LONDON, England - May 13, 2010 - Now that the Greek debt crisis has been "fixed" by a gigantic pile of more debt, many are wondering which European nation will be next to experience a massive debt crisis.