Office, Mall and Lodging Investment Continues Crash in 3rd Quarter

11-01-2010 • CalculatedRiskBlog.com

Investments in offices and malls as a percentage of GDP fell to a 51 year low in the 3rd quarter of 2010.

Indiana Braces For Violence: Armed Guards To Unemployment Offices

11-01-2010 • ZeroHedge.com

The official explanation if a benign one: "Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent."

UK headline: Surprise rise in US jobless raises spectre of Great Depression

1-10-09 • Timesonline.co.uk/

Anxieties over the scale of the recession now gripping the whole Western economy were intensified by a further decline in European industry. Germany, Spain, Sweden and France joined Britain in reporting the worst collapse in their manufacturing secto

Cemex: Nations largest cement plant will shut down for six months

1-09-09 • santacruzsentinel.com/

This is the first time the company has called for a temporary halt in operations with layoffs since 1992, Borgen said. That closure lasted three weeks, she said.

Bush Prepares Request for Rest Of Bailout Funds

1-10-2009 • Washington Post

Under the emergency rescue legislation approved by Congress in October, the administration must inform lawmakers that it wants access to the second installment of $350 billion. Unless Congress passes a resolution rejecting the request within 15 days,

Feb. 10 scheduled for National Bankruptcy Day

1-9-2009 • LewRockwell

The regulations could force thousands of businesses – especially smaller ones that cannot afford the cost of lead testing – to throw away truckloads of children's clothing, books, toys, furniture and other children's items and even force them

Peter Schiff on the coming Economic Collapse 1/7/09

1-9-2009 • Youtube

Listen...take in the harshness of what this man says. He makes our predicament seem so simple but no one is listening.

Peter Schiff predicts Imminent Doom - Fear And Loathing In America

1-9-2009 • Youtube

Peter Schiff (former Ron Paul financial advisor) predicts Dollar Crash. American Economic Crash. Fear and loathing in the American Empire.

U.S. Payrolls Post Biggest Annual Drop Since 1945

1-09-09 • Bloomberg.com

The U.S. lost more jobs in 2008 than any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama takes office.

Boeing Cuts 4,500 Commercial Jobs as Economy Weakens

1-09-09 • Bloomberg.com

The company yesterday said it booked orders for 662 planes in 2008, down from 1,413 a year earlier.

Over 8 Million Part Time Workers

1-09-09 • CalculatedRiskblog.com

Not only has the unemployment rate risen sharply to 7.2%, but the number of workers only able to find part time jobs (or have had their hours cut for economic reasons) is now over 8 million.

Ron Paul/Dick Armey on Cavuto (FOX) on Obama's Economic Plan

1-8-2009 • Youtube

FreedomWorks Chairman and former House Majority Leader, Dick Armey, and Congressman Ron Paul, discuss Barack Obamas stimulus plans on Fox News.

WaMu’s New 'Bend Over Fool' Mortgage Modification Program

1-08-09 • Mrmortgage.ml-implode.com

This mod takes exotic lending to level I have never witnessed in my 20-years of mortgage banking. This makes a Pay Option ARM looks safe and cozy

Obama Warns of Dire Consequences Without Stimulus

1-8-2009 • AP

President-elect Barack Obama said the recession could "linger for years" unless Congress pumps unprecedented sums from Washington into the economy. "I don't believe it's too late... but it will be if we don't take dramatic

Continuing jobless claims rise more than expected

1-8-2009 • AP

The number of people continuing to seek unemployment benefits has risen sharply, according to government data indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.

Asia Stocks Tumble on U.S. Jobs, Earnings

1-8-2009 • Bloomerg

Asian stocks declined, wiping out the benchmark index’s 2009 gains, as the deepening global recession reduced profits and drove down oil and metals prices.

Pensions Underfunded

1-8-2009 • Washington Post

The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion, reversing a $60 billion pension surplus at the end of 2007, according to a study released yesterday.

The $8 TRILLION bailout that's 12 zeros folks

1/8/09 • money.cnn.com

Sitting down? It's time to tally up the federal government's bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driv

Ended Dollar Dead Bounce

1-07-09 • news.goldseek.com/

The rally on weakness has run its course. Meaningful efforts to prevent a USEconomic and US Financial System collapse will assure degradation, devaluation, and a semblance of destruction for the beleaguered USDollar. It is on its last legs after 37 y

Nassim Nicholas Taleb Angry with Economists

01-07-2009 • YouTube

Nassim Nicholas Taleb angry with economists. The interviewer was just a journalist clueless about his ideas but he got them across anyway by ignoring her questions.

Restaurant Performance Index at Record Low - After Falling for 17 Months

1-07-09 • CalculatedRisk.blogspot.com

“A solid majority of restaurant operators reported negative same-store sales and traffic levels in November, while nearly one-half expect their sales in six months to be lower than the same period in the previous year.”

Paul Craig Roberts: Will There be a Recovery?

1-05-09 • CounterPunch.com

Only a government totally oblivious to reality would imagine that Russia’s Putin, whose nose is rubbed in excrement every day by the US government, will permit America to transit Russian territory to resupply US imperial legions in Afghanistan.

Analyst Predicts 40% Unemployment, No Recovery until 2015

1-07-09 • PrisonPlanet.com

Unemployment nationally in the USA is now touching 16%. The officially posted number is somewhere near half of that. By the fall of 2009, American real unemployment will be near the all time 1930′S Great Depression high of 25% unemployed. Sadly

Predictions Justin Raimondo: Save your candles – the Dark Ages are coming

1-07-09 • Antiwar.com/justin/

The trillions President-elect Obama plans on spending to "cure" our economic malaise will prove poisonous to the dollar, with hyperinflation an inevitability. Whether this reaches Weimar levels remains to be seen, but one can easily imagine

ADP Says U.S. Companies Cut 693,000 Jobs in December

1-07-09 • Bloomberg.com

Companies in the U.S. eliminated an estimated 693,000 jobs in December, the most since records began in 2001, a private report based on payroll data showed.

December Alert - US To Be Cut Off From The World !

12-16-2008 • Catherine Abbitt

The Baltic Dry Index (BDI) has dropped 93% as a result of the economic conditions world-wide. Very important information that is not being made public in the United States! (You Should know this stuff)