Road to Depression
New home sales decline 9.3%!
NEW YORK (PNN) - January 19, 2018 - New home sales decline 9.3% in December and there were significant negative revisions in both October and November. Yet, Econoday labeled the report "solid".
The headline 9.3% decline in new home sales for December masks what is actually a solid new home sales report. December's 625,000 annualized rate is the fourth best of the expansion a
FPSA retail store closings hit a new record high as west coast homelessness soars!
SEATTLE, Washington (PNN) - November 6, 2017 - If the Fascist Police States of Amerika economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10% of total FPSA retail sales. No, something bigger is happening in our eco
Commentary: 1 in 4 Amerikans are completely broke and in no position to help themselves!
By J.D. Heyes
June 21, 2017 - With so many geopolitical variables taking place around the world while domestic unrest grows stronger every day, it’s hard to avoid that fact that we live in very volatile times.
Russian military provocations, Chinese expansionism in the South China Sea, the escalating Syrian civil war, and terrorism in Europe all make the world seem an
Illinois official says state is in massive crisis mode!
Says this is not a false alarm.
SPRINGFIELD, Illinois (PNN) - June 18, 2017 - In a last ditch attempt to resolve the ongoing budget impasse and prevent a potential crisis, which may culminate with an eventual default of the state, Illinois Governor Bruce Rauner ordered lawmakers to return for a special session this week, but the two sides still seem far apart. The Re
S&P and Moodys cut Illinois to near junk status!
Lowest ever rating for a FPSA state.
NEW YORK (PNN) - June 1, 2017 - The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody's downgraded Illinois to BB+/Baa3, respectively, bo
Five highly respected financial experts warn that a market crash is imminent!
NEW YORK (PNN) - May 29, 2017 - If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. At this point, you would have to be quite blind not to see that stoc
Greek debt deal collapses after 8 hours of negotiation!
ATHENS, Greece (PNN) - May 23, 2017 - After nearly eight hours of talks and multiple draft compromises, Athens and its creditors couldn’t reach an accord that would ease Greece’s debt and that would convince the International Monetary Fund to agree to help finance the country’s bailout.
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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