Road to Depression
Spain bank transfers reflect broader fears!
MADRID, Spain (PNN) - May 24, 2012 - Ángel de la Peña, a Spanish government worker, is seriously considering the once unthinkable: converting some of his savings from euros to British pounds.
It is only a trickle so far, and not nearly enough to constitute a classic bank run. But these growing transfers of deposits out of troubled Spanish banks reflect a broader fear that the count
Half of Detroit streetlights may go out due to Depression!
DETROIT, Michigan (PNN) - May 25, 2012 - Detroit, whose 139 square miles contain 60% fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating almost half its streetlights.
Secret central bank aid props up Greek banks!
FRANKFURT, Germany - May 21, 2012 - There has been no official announcement; no terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated 100 billion euros of emergency liquidity provided by the country’s central bank - approved secretly by the European Central Bank in Frankfurt. If Greece were to leave the eurozone, the immediate cause might b
Greeks withdraw close to a billion dollars in one day!
Is this beginning of a run on banks?
ATHENS, Greece (PNN) - May 16, 2012 - Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as Greeks withdrew almost $900 million in a single day, fearing their country could crash out of the euro currency by the end of the week.
Most Amerikans don't think the FPSA should bailout Europe!
NEW YORK (PNN) - May 10, 2012 - While the European economy remains troubled, most Amerikans feel the Fascist Police States of Amerika should not intervene, but they do believe poor economic conditions overseas directly affect the FPSA economy.
Foreclosure case could slam banks!
TALLAHASSEE, Florida (PNN) - May 10, 2012 - The Florida Supreme Court is set to hear oral arguments Thursday in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure fraud litigation.
Postal Service abandons plans to close thousands of post offices!
WASHINGTON (PNN) - May 9, 2012 – The U.S. Postal Service said Wednesday it is abandoning plans to close thousands of post offices and instead will drastically reduce hours at most of its rural outposts, a change that will affect about a third of the country’s retail mail network.
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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