Road to Depression

Food prices set to hit record!

NEW YORK - April 26, 2011 - Global food prices may rise 4.4% to a record by the end of the year, driven by demand for meat, oilseeds and grains used to make ethanol, adding to costs that mean inflation is accelerating from the U.S. to China.

The United Nations Food Price Index may climb to 240 points from 229.84 last month, said William Adams, a fund manager at Zurich-based Resilienc

Road to Depression

Coffee prices hit 34-year high!

CHICAGO, Illinois - April 25, 2011 - That morning cup of coffee is going to cost you more. Coffee prices are at a 34-year high - $3 a pound.

Road to Depression

Weak U.S. dollar is here to stay!

WASHINGTON - April 25, 2011 - Weakness in the U.S. dollar, which is causing everything to go up in price - including gas prices, food and stocks - is unlikely to go away soon as a selling frenzy hits the currency market.

Road to Depression

Amerikans raiding retirement funds early!

NEW YORK - April 25, 2011 - Nearly one-fifth of full-time employed Amerikans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey.

Despite politically expedient, if not truthful claims of a stabilizing U.S. economy, 19% of Amerikans - including 17% of full-time workers - have been compelled to take money from their retirement

Road to Depression

U.S. economy just a notch above Greece!

MELBOURNE, Australia - April 23, 2011 – U.S. finances are in almost as troubled a state as the worst hit members of the euro zone, economists say, underscoring the pressing need for Washington to reach agreement on how to reduce the deficit.

Road to Depression

Killer combo of high gas and food prices at key tipping point!

NEW YORK - April 22, 2011 - The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the U.S. economy further into Depression, according to Craig Johnson, president of Customer Growth Partners.

Road to Depression

Detroit library project a symbol of waste amid budget crisis!

DETROIT, Michigan - April 22. 2011 - Detroit Public Library officials say finances have grown so bad they could close most neighborhood branches, but in a few weeks plan to unveil a revamped wing of a main library that even administrators say spares few expenses.