Road to Depression

IMF advisor warns of Eurozone meltdown in 2-3 weeks!

LONDON, England (PNN) - October. 6, 2011 - In a recent interview on the BBC, IMF advisor Robert Shapiro said some incredibly alarmist things.

He told broadcasters that if eurozone leaders don't address the crisis properly we will see a meltdown as soon as later this month.

Road to Depression

Unemployment claims rise amid wobbly economy!

NEW YORK (PNN) - October 6, 2011 - New U.S. claims for unemployment benefits rose less than expected last week, according to a government report on Thursday that hinted at an improvement in labor market conditions.

Road to Depression

Nearly half of all Amerikans receiving government dole!

NEW YORK - October 5, 2011 - Families were more dependent on government programs than ever last year.

Nearly half of the population - 48.5% - lived in a household that received some type of government benefit in the first quarter of 2010, according to U.S. Census data. Those numbers have risen over the last eighteen months of the Depression, when 44.4% lived in households receiving b

Road to Depression

20,000 demonstrate in Greece against austerity!

ATHENS, Greece - October 5, 2011 - More than 20,000 public sector workers demonstrated in Athens Wednesday, in a strike against deeper austerity cuts that shut down courts, schools and transport, including air traffic.

Road to Depression

Ireland is printing its old currency!

DUBLIN, Ireland - October 4, 2011 - Ireland's central bank reportedly is printing Ireland's old currency in case the country leaves the eurozone. At least that's the rumor circulating in Dublin, notes Alan McQuaid, chief economist at Bloxham stockbrokers in the city.

Road to Depression

Bernanke admits hopes of an economic recovery are faltering!

WASHINGTON - October 4, 2011 - Federal Reserve Chairman Ben Bernanke says that hopes of an economic recovery are faltering and the central bank is prepared to take further steps to support it.

The economy is growing more slowly than the Federal Reserve expected, Bernanke said Tuesday before the congressional Joint Economic Committee. He said the biggest factor depressing consumer con

Road to Depression

American Airlines parent corporation will file for bankruptcy!

NEW YORK - October 3, 2011 - American Airlines parent, AMR Corp., tumbled the most since April 2009 on growing concern the Second Great Depression will continue indefinitely, and that the carrier may be forced to seek bankruptcy protection.