Road to Depression

Fed notes economic weakness but takes no action!

WASHINGTON (PNN) - August 1, 2012 - The Federal Reserve said Wednesday that the economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn’t show sustained improvement.

Road to Depression

China manufacturing data call for easing!

HONG KONG, China (PNN) - August 1, 2012 - Manufacturing conditions in China offered glimpses of improvement in July as recent interest-rate cuts appeared to support the economy in a weak external climate, but data suggested further monetary easing may be needed to sustain the recovery.

Road to Depression

Growth in FPSA slows as consumers restrain spending!

NEW YORK (PNN) - July 28, 2012 - The world’s largest economy cooled in the second quarter as limited job growth prompted Amerikans to curb spending while state and local governments cut back.

Gross domestic product, the value of all goods and services produced, rose at a 1.5% annual rate after a revised 2% in the prior quarter, Commerce Department data showed today in Washington. H

Road to Depression

Unemployment could stay high as FPSA economy slows!

WASHINGTON (PNN) - July 27, 2012 - High unemployment isn't going away - not as long as the economy grows as slowly as it did in the April-June quarter.

Weak consumer spending held growth to an annual rate of just 1.5%, even less than the 2% rate in the first quarter; and few expect the economy to accelerate in the second half of the year, as Europe's financial woes and a Fascist Poli

Road to Depression

Police fire rubber bullets after huge Madrid protest!

MADRID. Spain (PNN) - July 20, 2012 - Spanish thug cops fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures.

The protest was one of over 80 demonstrations called by unions across the county against civil servant pay cuts and tax hikes, which drew tens of thousands of people, including cops and

Road to Depression

Canadians are now richer than Amerikans!

TORONTO, Ontario, Canada (PNN) - July 18, 2012 - While Amerikans might enjoy throwing politically charged barbs at their neighbors to the north, Canadians now have at least one reason to be smug.

For the first time in recent history, the average Canadian is richer than the average Amerikan, according to a report cited in Toronto’s Globe and Mail.

Road to Depression

Unemployment is much worse than we are officially being told!

Government lies about actual jobless rate.

WASHINGTON (PNN) - July 17, 2012 - Participation in the Supplemental Nutrition Assistance Program, or food stamps, continues to increase despite reported decreases in unemployment.

However, according to Connecticut Democrat Rep. Rosa DeLauro, the reason behind the swelling food stamp rolls is that unemployment is