Road to Depression

Homelessness and empty stores becoming the new normal in NYC!

NEW YORK (PNN) - July 8, 2015 - If you’ve been out and about in Manhattan over the past six weeks and you have eyes and ears, you know something’s happening — something worrisome.

The urban streetscape is degrading.

Road to Depression

Flood of Londoners take to boats to escape rising housing costs!

LONDON, England (PNN) - July 8, 2015 - Rocketing housing costs in Britain's capital have fueled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city's historic network of rivers and canals.

Road to Depression

Greek contagion across markets muted!

NEW YORK (PNN) - July 7, 2015 - Financial markets barely shuddered after Greek voters rejected austerity demands, with the euro slipping less than 0.4%, in a sign investors see the crisis there contained for now. Brent crude sank below $60 a barrel.

Road to Depression

FPSA debt headed toward Greek levels!

WASHINGTON (PNN) - June 30, 2015 - Fascist Police States of Amerika projected debt over the next 25 years looks a lot like Greece's over the past 25.

With all the chaos unraveling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek

Road to Depression

Puerto Rico says it can't pay its debts!

SAN JUAN, Puerto Rico (PNN) - June 29, 2015 - The governor of Puerto Rico says the island commonwealth cannot repay its public debt, which totals more than $72 billion.

“The debt is not payable,” said Governor Alejandro García Padilla in an interview Sunday night. “There is no other option. I would love to have an easier option. This is not politics; this is math.”

Road to Depression

Leading British bond fund manager says it is time to hold physical cash!

LONDON, England (PNN) - June 22, 2015 - The manager of one of Great Britain’s biggest bond funds, which has £4 billion under management, is now advising investors that the time has come “to hold physical cash,” along with gold and silver. He sees “systemic risk in the system” and is concerned that global debt, particularly mortgage debt, has been inflated to record levels by ext

Road to Depression

More financial insiders warn that a crash is coming!

NEW YORK (PNN) - June 21, 2015 - More and more insiders are warning of a potential systemic event.

The first sign of real trouble concerned a number of investment legends choosing to close shop and return investors’ capital.