Road to Depression

The worst ever stock market start is just the beginning!

Unprecedented chaos is coming.

NEW YORK (PNN) - January 8, 2016 - We have never had a year start the way that 2016 has started. In the Fascist Police States of Amerika, the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21% since September, and it has been an absolute bloodbat

Road to Depression

Brazil slides into the brink with industrial production down 12%!

SAO PAULO, Brazil (PNN) - January 8, 2016 - Brazil’s industrial production fell more than all analyst forecasts in November, underscoring the challenge that policy makers face in pulling Latin America’s largest economy out of its worst slump in decades.

Road to Depression

Baltic Dry Index careens to fresh record low!

NEW YORK (PNN) - January 7, 2015 - Another day, another fresh all-time record low in The Baltic Dry Index as Deutsche Bank's "perfect storm" appears ever closer on the horizon. Plunging 4.7% overnight to 445 points, this is 20% lower than the previous record low in 1986 and as one strategist warns, "It’s a brutal start of the year; there’s just nowhere to hide on the market."

Road to Depression

FPSA banks have 247 trillion dollars of exposure to derivatives!

Financial Armageddon approaches.

NEW YORK (PNN) - December 29, 2015 - Did you know that there are 5 “too big to fail” banks in the Fascist Police States of Amerika that each have exposure to derivatives contracts in excess of 30 trillion dollars? Overall, the biggest FPSA banks collectively have more than 247 trillion dollars of exposure to derivativ

Road to Depression

Spending was at an all time low for Black Friday this year!

Corporations lost billions.

NEW YORK (PNN) - November 29, 2015 - For years, Black Friday brawls and rampant materialism on the day after Thanksgiving have become a sort of twisted Amerikan celebration. However, each year the excitement continues to die down as people reject the Black Friday antics and instead do their shopping online or on other days. According to a

Road to Depression

Puerto Rico debt bomb about to explode!

Social unrest may be unavoidable.

SAN JUAN, Puerto Rico (PNN) - November 27, 2015 - Last week, we brought you the latest from Puerto Rico’s debt debacle. The commonwealth is desperately trying to restructure some $72 billion in debt while staring down a $354 million bond payment due on December 1.

Road to Depression

Baltic Dry Shipping Index drops to all-time low!

LONDON, England (PNN) - November 20, 2015 - The cost of shipping commodities fell to a record, amid signs that Chinese demand growth for iron ore and coal is slowing, hurting the industry’s biggest source of cargoes.