Retail expectations low for holiday season!
WASHINGTON - November 24, 2009 - Unemployment and tight credit have sapped shoppers' willingness and ability to spend freely as retailers enter their crucial holiday season. Additionally, Amerikans are expected to grow more cautious about spending next year.
U.S. growth downgrade weighs on world markets!
NEW YORK - November 24, 2009 - European and U.S. stock markets fell Tuesday after government figures showed the U.S. economy did not grow as fast in the third quarter as previously estimated, stoking fears that the recovery in the world's largest economy will be slow.
Early data suggest suicides are rising!
NEW YORK - November 23, 2009 - Early signs suggest the number of suicides in the U.S. crept up during the worst Depression in decades, according to a Wall Street Journal survey of states that account for about 40% of the U.S. population.
Gold hits another record!
LONDON, England - November 23, 2009 - Gold prices extended gains in Europe on Monday to hit record highs at $1,170.55 an ounce as the dollar slipped further, boosting interest in the precious metal as an alternative asset.
Actual jobless rate at 17.5%!
NEW YORK - November 23, 2009 - As we continue to travel along the Road to Depression, one figure looms large but is often overlooked: nearly 1 in 5 Amerikans is either out of work or underemployed.
Wave of debt payments facing U.S. government!
WASHINGTON - November 22, 2009 - The United States government is financing its more than trillion-dollar-a-year borrowing with debt notes on terms that seem too good to be true.
But that happy situation, aided by ultra low interest rates, may not last much longer.
But that happy situation, aided by ultra low interest rates, may not last much longer.
Closed Florida bank makes 124 failures this year!
WASHINGTON - November 21, 2009 - Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.
More Articles ...
- Jobless claims remain at record levels!
- Housing slump may worsen next year!
- Record numbers of mortgage loans are late!
- AMBROSE EVANS-PRITCHARD: Société Générale tells clients to prepare for global collapse!
- Most believe New York will run out of cash next month!
- Mortgage delinquencies hit another record!
- Simmons bedding company files bankruptcy!
- Falling dollar sends gold to another record high!
- One in six Amerikans goes hungry!
- Foreclosure filings surpass 300,000 for eighth straight month!
- Dollar trouble could prolong Depression!
- Applied Materials to cut jobs!
- Poorest town suffers from Depression!
- Ten most economically troubled states!
- Lloyds announces 5,000 job cuts!
- Big Kalifornia bank with branches in China fails!
- Actual unemployment rate is 17.5%!
- Seven ways to survive the lack of jobs!
- U.S. jobless rate surges to 10.2 percent!
- Grim reality grips U.S. commercial real estate!
- Half of U.S. children will get food stamps!
- Could Amerika go broke?
- Economist claims world risks Depression if stimuli are not continued!
- U.S. dollar continues to fall!
- Small business lender CIT declares bankruptcy!
- Nine banks seized in largest one-day haul!
- Billionaire sees coming huge commercial real estate crash!
- U.S. Airways cutting 1,000 jobs and reducing flights!
- CIT Group receives $4.5 billion from creditors!
- Number of foreclosures double in Washington area!
- New home sales fall faster than expected!
- Current economy at 26-year low!
- U.S. Steel posts third straight quarterly loss!
- Big commercial lender Capmark files for bankruptcy!
- AMBROSE EVANS-PRITCHARD: Food will never again be so cheap!
- Bank failures hit 106 for year!
- Higher jobless rates could be the new norm!
- Revised formula puts 1 in 6 Amerikans in poverty!
- School's out for Depression!
- More State government layoffs expected soon!
- City managers to take off five weeks!
- Financial Armageddon proves parable for local governments!
- Foreclosures force former owners to turn to shelters!
- U.S. bank failures top 100!
- Latin America bloc to stop using dollars in trade!
- Foreclosures level over past three months worst of all time!
- Fed warns of commercial real estate collapse!
- CIT bankruptcy looms as debt swap struggles!
- Continuing Depression now being blamed on low demand!
- Commercial real estate to drive bank failures!