A warning sign to the nation.
LOS ANGELES, Kalifornia (PNN) - July 25, 2018 - Southern Kalifornia home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8% year over year, as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.
Road to Depression
A warning sign to the nation.
NEW YORK (PNN) - May 9, 2018 - After the party, the hangover.
Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion (not seasonally adjusted), according to the Federal Reserve. This includes credit-card debt, auto loans, and student loans, but not mortgage-related debt. That 5.1% year-over-year increase isn’t setting any records - in 2011, year-over-year increases ran over 11%. But it does show that Amerikans are dealing with the economy and their joys and woes the Amerikan way: by piling on debt faster than the overall economy is growing.
NEW YORK (PNN) - January 19, 2018 - New home sales decline 9.3% in December and there were significant negative revisions in both October and November. Yet, Econoday labeled the report "solid".
The headline 9.3% decline in new home sales for December masks what is actually a solid new home sales report. December's 625,000 annualized rate is the fourth best of the expansion and follows November's revised 689,000 rate, which is the very best; and importantly, supply moved into the market, up 3.9% at 295,000 units. On a sales basis, supply improved to 5.7 months from November's 4.9 months.
SEATTLE, Washington (PNN) - November 6, 2017 - If the Fascist Police States of Amerika economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10% of total FPSA retail sales. No, something bigger is happening in our economy, and it isn’t receiving nearly enough attention from mainstream media.
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- 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 banks have 247 trillion dollars of exposure to derivatives!
- FPSA CEOs unleash Depression fears in earnings calls!
- Spending was at an all time low for Black Friday this year!
- FPSA services economy slumps to weakest in 13 months!
- Puerto Rico debt bomb about to explode!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- Baltic Dry Shipping Index drops to all-time low!
- The worst ever stock market start is just the beginning!
- Latest payroll jobs numbers are false and misleading!
- Brazil slides into the brink with industrial production down 12%!
- Markets are back at panic levels!
- Baltic Dry Index careens to fresh record low!
- 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!
- Fed official says there is no evidence that QE boosted the economy!
- Overwhelming waves of deflation will suck us further into Depression!
- Why do so many working age Amerikans choose not to enter the workforce?
- FPSA newspapers see more bad news as jobs decline!
- Emerging market currencies tumble to record low in violent selloff!
- Pension funds burn cities as $1 trillion shortfall set to grow!
- Homelessness and empty stores becoming the new normal in NYC!
- Flood of Londoners take to boats to escape rising housing costs!
- Greek contagion across markets muted!