Road to Depression
U.S. new jobless claims dip to 17-month low!
NEW YORK - December 31, 2009 - New U.S. claims for jobless benefits fell to the lowest level since July 2008, government data showed Thursday.
U.S. in fiscal peril with $12.1 trillion debt!
WASHINGTON – December 31, 2009 - After $787 billion in stimulus spending and $700 billion in bank bailouts, 2010 is fast shaping up to be the year of the federal budget diet.
Bipartisan support is growing in Congress for action to stabilize the nation's bulging debt, which is now $12.1 trillion. Influential experts from former Federal Reserve Board chairman Alan Greensp
READ MOREBipartisan support is growing in Congress for action to stabilize the nation's bulging debt, which is now $12.1 trillion. Influential experts from former Federal Reserve Board chairman Alan Greensp
Japan Air stock plunges as investors fear bankruptcy!
TOKYO, Japan - December 30, 2009 - The airline's shares closed down 24% at 67 yen, adding to a loss of 8% on Tuesday, as markets in Tokyo considered the prospect of Japan Air heading into bankruptcy.
READ MORETreasury claims majority stake in GMAC!
WASHINGTON - December 30. 2009 - The Treasury Department agreed to invest another $3.8 billion in Detroit-based GMAC and will own a majority of the auto finance company.
In all, the government will have invested $17.2 billion in GMAC and now holds 56.3% of the company, up from 35.4%. The latest infusion is less than the $5.6 billion forecast
READ MOREIn all, the government will have invested $17.2 billion in GMAC and now holds 56.3% of the company, up from 35.4%. The latest infusion is less than the $5.6 billion forecast
North Texas commercial foreclosures jump by 27 percent!
DALLAS, Texas - December 29, 2009 - Foreclosure postings for commercial real estate in North Texas are up 27% in 2009 compared to last year, according to George Roddy Sr., president of Foreclosure Listing Service, Inc.
READ MOREReal estate could be a red flag for smaller banks!
NEW YORK - December 28, 2009 - Illegitimate President Obama has said the world would have been better off if the entire financial system had been more like Amerika’s small banks.
Legislators tried to ease their burden, often at the expense of their bigger competitors. Community bankers even won a meeting last week with the illegitimate president to try to persuade him t
READ MORELegislators tried to ease their burden, often at the expense of their bigger competitors. Community bankers even won a meeting last week with the illegitimate president to try to persuade him t
Debt will continue to dominate in 2010!
LONDON, England - December 27, 2009 - It’s too early to say how history will remember 2009. Was it the year we cleaned up the wreckage of the crash, and began to move towards the sunlit uplands, or was it just some months of nervous calm before the real damage done to the economy in the boom years came crashing onto our heads?
READ MOREMORE 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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