Road to Depression

Southern Kalifornia home sales crash!

on . Posted in Road to Depression

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.

The state of Amerika's debt slaves!

on . Posted in Road to Depression

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 home sales decline 9.3%!

on . Posted in Road to Depression

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.

FPSA retail store closings hit a new record high as west coast homelessness soars!

on . Posted in Road to Depression

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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