Road to Depression
Mining chief say gold pushing towards $2000 an ounce!
JAKARTA, Indonesia - June 14, 2011 - The head of the world's largest gold producer, Newmont Mining, is tipping the rapid economic rise of China to push gold to the $2000 an ounce mark in the next five years.
Greece's credit rating cut again on higher risk of default!
ATHENS, Greece - June 13, 2011 - Greece's recovery plans have suffered another hammer blow after Standard & Poor's cut the country's credit rating because of "a significantly higher likelihood of one or more defaults".
The rating agency reduced the long-term rating on Greek sovereign debt from B to CCC - only four notches above default. It added that in its view the country's credit
Perfect storm may converge on global economy in two years!
NEW YORK - June 12, 2011 - A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring, and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.
There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini said in a June 11 interview in Singapore. Other possible
China ratings house says U.S. is defaulting!
BEIJING, China - June 10, 2011 - A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.
"In our opinion, the United States has already been defaulting," said Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gi
Food prices climb further at grocery stores!
SAN FRANCISCO, Kalifornia - June 9, 2011 - Shoppers paid 4% more for a basket of 16 food items at the supermarket in May compared to February, the American Farm Bureau Federation said Thursday in its latest informal survey.
The total average cost of 16 items used to prepare one or more meals was $51.17, up $2.10 from the previous survey, with sirlion tip roast, russet potatoes, slice
Amerikan equity in homes near record low!
WASHINGTON (PNN) - June 9, 2011 - Falling home prices have shrunk equity so much that the proportion of their homes that Amerikans actually own is near its lowest point since World War II.
The Federal Reserve says average home equity plunged from more than 61% at the start of 2001 to 38% in the January-March quarter this year. That drop comes as home prices in big metro areas have re
Jobless claims remain at high level as Depression continues!
NEW YORK (PNN) - June 9, 2011 - The number of Amerikans filing new claims for unemployment aid unexpectedly edged higher last week, stoking fears of a continuing Depression even as a separate report showed record U.S. exports in April.
Initial claims for state jobless benefits increased by 1,000, to 427,000, according to the U.S. Dept. of Labor. However, economists polled by Reuters
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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Dwight D. Eisenhower 1
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