Road to Depression

Portugal economic crisis sends stock markets tumbling!

LONDON, England (PNN) - July 3, 2013 - Stock markets were spooked by Portugal’s descent into political chaos on Wednesday as the threat of a government collapse sent the country's borrowing costs into critical territory and threatened a new phase in the eurozone crisis.

The FTSE fell 74 points, or 1.2%, while the German Dax and French CAC tumbled 1.5% as markets digested rumo

Road to Depression

Jobs move out and hunger takes root in factory town!

THOMASVILLE, North Carolina - July 3, 2013 - It is difficult to ignore the six abandoned and crumbling factories that dot the landscape surrounding Main Street in Thomasville, North Carolina. Less than a half mile away from the faded storefronts, children race in the shadows of broken windowpanes, past the empty lumberyards that once brought the town to life.

Road to Depression

FPSA economy grows at slower 1.8 percent rate in Q1!

WASHINGTON (PNN) - June 27, 2013 - The Fascist Police States of Amerika economy grew at an annual rate of 1.8% in the first three months of the year, significantly slower than first thought. The steep revision occurred mostly because consumers spent less than previously estimated, a sign that higher taxes could be dampening growth.

Road to Depression

Gold premiums jump as physical demand outstrips supply!

DELHI, India (PNN) - June 26, 2013 - Gold premiums doubled in India on Wednesday as suppliers struggled to meet surging demand after a ban on consignment imports, but futures prices fell to their lowest in more than a month as international gold prices fell due to a strong dollar.

Road to Depression

Markets tumble as China enters bear market!

NEW YORK (PNN) - June 25, 2013 - Fascist Police States of Amerika stocks stumbled again Monday, extending losses that some market analysts fear may accelerate this month as investors adjust to expectations that the Federal Reserve could soon begin scaling back its bond-buying program.

Road to Depression

Silver at less than 19 dollars an ounce!

NEW YORK (PNN) - June 24, 2013 - The day that silver traders have been waiting for has arrived. On Wednesday, the price of silver dropped another 5%. As I write this, it is sitting at $18.55 an ounce. On Wednesday it hit a low that had not been seen in three years. Overall, the price of silver has declined by 34% this quarter. That is the largest quarterly move in the p

Road to Depression

FPSA stock markets slump after Bernanke drops hint on ending stimulus!

NEW YORK (PNN) - June 20, 2013 - Fascist Police States of Amerika (FPSA) stock markets plummeted Thursday amid fears that the Federal Reserve was preparing to scale back its $85 billion-a-month stimulus program.