Road to Depression
AMBROSE EVANS-PRITCHARD: Germany and Greece flirt with mutual assured destruction!
By Ambrose Evans-Pritchard
LONDON, England - September 11, 2011 - Bild Zeitung populism has prevailed. Germany is pushing Greece towards a hard default, risking the uncontrollable chain reaction so long feared by markets.
Wholesale stockpiles rose 0.8% in July!
WASHINGTON (PNN) - September 9, 2011 - Wholesale businesses boosted their stockpiles for a 19th consecutive month but sales were flat. Faltering demand could force businesses to cut back on orders while the U.S. economy continues to be mired in the Second Great Depression.
World's biggest economies grinding to a halt!
LONDON, England - September 8, 2011 - Chancellor George Osborne today blamed negative international factors for the slowdown in the British economy, as a respected global think-tank predicted UK growth will stutter to a near-halt over the coming months.
The Organization for Economic Cooperation and Development (OECD) forecast annualized growth of just 0.3% for the UK in the final qua
Unemployment claims continue to rise as Depression continues!
WASHINGTON (PNN) - September 8, 2011 - The U.S. economy may be stumbling, but it is still standing.
That was the message from two economic reports that pointed to a weak labor market but also a better performance on trade that should boost third-quarter gross domestic product.
Italy grinds to a halt as three million strike austerity package!
ROME, Italy - September 7, 2011 - Italy ground to a halt today as a general strike brought thousands - if not millions - on to the street in protest at a belt-tightening 45 billion euro austerity package.
The strike was organized by the Italian General Confederation of Labor (CGIL), the country's biggest trade union, and saw disruption to flights, buses, trains, hospitals, schools, p
Obama-backed energy firm goes bankrupt, even with stimulus!
WASHINGTON - September 6, 2011 - When Energy Secretary Stephen Chu announced a half-billion dollars in federal stimulus loans to solar panel maker Solyndra, he called the move part of an aggressive effort to put more Amerikans to work and end U.S. dependence on foreign oil.
But nearly two years later to the day, the bankrupt Solyndra needs help just to keep its own electricity servic
Illinois governor to lay off thousands!
CHICAGO, Illinois - September 6, 2011 - A decision made by Governor Pat Quinn may leave thousands of state workers without a job by the end of the week.
The cuts are coming in the face of a budget deficit that doesn't leave enough money to pay the workers, the governor says. Quinn also plans to close a prison, juvenile detention center and homes for the mentally ill.
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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