Road to Depression

Pump prices rise again while oil prices waver!

NEW YORK (PNN) - March 5, 2012 - The average price at the gas pump pushed toward $3.80 per gallon Monday while oil prices remained stubbornly high because of tensions tied to Iran's nuclear program.

The nationwide average for gasoline rose less than a penny overnight to $3.77 a gallon, which was the 27th consecutive day of gains, according to AAA, Wright Express, and the Oil Price In

Road to Depression

European Commission warns Spain deficit slippage is grave!

LONDON, England - March 5, 2012 - Spain risks being fined under new EU rules for a "grave" breach of budget limits, the European Commission warned on Monday, despite EU President Jose Manuel Barroso stating that he was confident the country would fulfill its commitments.

Road to Depression

Bank of America in trouble!

CHARLOTTE, North Carolina - March 2, 2012 - It looks like Bank of America might have started circling the drain before the Occupy movement even had a chance to launch its campaign against the company. For weeks now there have been ominous signs of trouble at the bank, and yesterday we heard yet another dark piece of news.

Road to Depression

Failed Fannie Mae asks government to steal more money from Amerikans!

Mortgage giant Fannie Mae asks government for almost $4.6 billion after posting 4Q loss.

WASHINGTON (PNN) - February 29, 2012 - Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit.

Road to Depression

Inflation much worse than official government and media reports claim!

NEW YORK - February 29, 2012 - Forget the modest 3.1% rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8% over the past year, according to the American Institute for Economic Research.

Road to Depression

Durable goods demand falls most in three years!

NEW YORK (PNN) - February 28, 2012 - New orders for Fascist Police States of Amerika manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Road to Depression

FPSA stocks tumble as oil prices increase!

NEW YORK (PNN) – February 27, 2012 - Fascist Police States of Amerika (FPSA) stocks sank Monday as traders worried about the high price of oil and after the Group of 20 major economies snubbed Europe’s call for more aid to fight the eurozone debt crisis.