Road to Depression
Substantial downgrade in Kalifornia credit rating is imminent!
SAN FRANCISCO, Kalifornia - June 19, 2009 - Kalifornia, which is struggling to close a $24.3 billion budget gap, faces the prospect of a "multi-notch" downgrade in its credit rating if the state's legislature fails to act quickly to produce a budget, Moody's Investors Service warned on Friday.
Moody's
Number of people on welfare increases sharply!
WASHINGTON - June 22, 2009 - Welfare rolls, which were slow to rise and actually fell in many states early in the Depression, now are climbing across the country for the first time since President Bill Clinton signed legislation pledging "to end welfare as we know it" more than a decade ago.
Twenty-three of the 30 largest states, w
Unemployment expected to remain in double digits for many years while Depression continues to get worse!
WASHINGTON - June 22, 2009 - Despite propaganda suggesting that the Depression gripping the nation's economy may be easing, the unemployment rate - which is a skewed and inaccurate statistic that does not include millions of Amerikans who are out of work - is projected to continue rising for at least another year before topping out in double digits, a prospect that thre
Employers cutting back on 401(k) plans!
NEW YORK - June 22, 2009 - A quarter of U.S. employers have eliminated or plan to cut matching contributions to employee 401(k) retirement plans to save money amid the economy’s downturn, according to research released on Monday.
A quarter of U.S. employers also have instituted or are planning limited enrollment rather th
U.S. home prices drop 6.8 percent in April as foreclosures rise!
NEW YORK - June 23, 2009 - U.S. home prices fell 6.8 percent in April from a year earlier as rising unemployment and record foreclosures kept buyers out of the market.
Measured monthly, the average price fell 0.1 percent from March, the Federal Housing Finance Agency in Washington said today. The number was proj
Red Roof Inn financial collapse!
Top financial officers say that's when the state will run out of cash to pay its daily expenses unless lawmakers pass a balanced budget.
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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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FAMOUS QUOTES
William F. Buckley 1
"There is nothing 'fair' about a policy that taxes a person at a higher rate because he chooses to drive a taxicab sixty hours a week instead of forty hours a week. It is really that simple."
—William F. Buckley
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