Road to Depression
Home prices heading for triple-dip!
NEW YORK - October 31, 2011 - The besieged housing market has even further to fall before home prices really hit rock bottom.
According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next June, pushing them to a new low of 35% below the peak reached in early 2006 and marking a triple dip in prices.
Survivalists fear currency crash!
TORONTO, Ontario, Canada (PNN) - October 29, 2011 - To survive a feared currency crash, some people are going for gold.
"People are frightened, pensions are at risk because of this devaluation and printing that's (occurring), and the debt thing is a monster," said John Budden, a veteran market analyst based in Ottawa. "Have some gold - physical gold. By that I mean bullion or coins,
Whirlpool to cut 5,000 jobs to reduce costs!
NEW YORK - October 28, 2011 - Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10% of its workforce in North America and Europe, as it faces soft demand and higher costs for materials.
Merkel wants permanent oversight of Greece and warns of war!
BRUSSELS, Belgium - October 26, 2011 - Peace should not be taken for granted if the euro fails, German chancellor Merkel told MPs Wednesday, ahead of the eurozone summit where an increase of the bailout fund firepower may lead to Germany's own state assets being taken as collateral.
Italian government about to collapse!
ROME, Italy - October 25, 2011 - Italy’s prime minister was fighting on Tuesday night to stave off a collapse of his center-right coalition government over European Union demands for more concrete economic reform measures, in time for Wednesday’s highly anticipated summit of eurozone leaders.
The demand came as European officials attempted to reach a final agreement on giving the
Moody's downgrades Russian banking system!
MOSCOW, Russia - October 25, 2011 - International credit rating agency Moody's lowered its outlook on the Russian banking system Monday to negative on the back of global economic fears.
Addressing the credit conditions in the market for the next 10 to 18 months, the report suggested that the poor performance of the world economy
Europe looks grimmer by the minute!
NEW YORK - October 25, 2011 - European leaders insist they are making progress on a comprehensive plan to tackle the eurozone's debt and banking crises.
But the details are foggy and last-minute delays suggest that significant disagreements remain unresolved.
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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