Sharp fall in ISM service index confirms US depression
Sam Adelton
Feb. 5, 2008

This is no recession. This is pure and simple depression. The service side of the economy has almost stopped. The service side constitutes 90% of the economy and is falling sharply.

The manufacturing weakness dominated the economic stagnation for decades. But now finally the economy has gone into deep depression, as people just cannot pay their mortgages. The cost of gasoline, healthcare and higher education has plagued the economy for a long time. People are giving up using their credit cards and are just not caring to repay loans.

The grim faces in the financial institutions is scary. 70% of the staffs in banks and financial institutions will be laid off this year. The last hit will be healthcare staff and education including.

The unemployment rate rise very rapidly. But more importantly, the employers are asking employees to work half time for half pay increasing underemployment – the root cause of this depression.

Bill Clintons’s strategy now is to win the super delegates by hook or crook - the Clinton machine ready to rig the election with sweet talk
Anil Rane
The top Democratic officials are now worried that there is a corrupt match fixing game plan in play. The process is simple. You vote for me and I will get you what you need.
READ MORE>>

Sharp fall in ISM service index confirms US depression
Sam Adelton
This is no recession. This is pure and simple depression. The service side of the economy has almost stopped. The service side constitutes 90% of the economy and is falling sharply.
READ MORE>>

American Federation of Teachers using automated phone call systems to spread Hillary Clinton’s message invading cell phone and individual privacy
Special Correspomdemt
I understand how AFT got my number. I was a union member before when I taught as adjunct faculty in a state university. First, they did not update their list. I am no longer their member since I do not teach in the same university.
READ MORE>>

The underemployment changing to increasing unemployment – the US depression becoming more intense
Karen Zuba
Let us look at the reason of the economic depression. Since 1980, America deprived its middle class by exporting jobs, allow illegal immigration, bring in H1b well paid technicians fro India and other countries.
READ MORE>>

US long term Treasuries now risky investment as inflation probability skyrockets
Sam Adelton
Bush faced the mess Bill Clinton left. But his answer to the entire problem was a band aid – tax cut for the rich and lowering standard of borrowing.
READ MORE>>

Indian Americans support Obama rejecting Clintons
Kiran Chaube
New Jersey will be the test between Robert Menendez and Indian Americans. It is possible Indian Americans will tilt the final outcome in some crucial states like NJ, NY and CA.
READ MORE>>

Gold and Oil will fall sharply in the next several months to mark the era of deflation
Fred Day
We were in the period of economic stagflation. The stagflation is slowly changing to deflation driven depression. In that environment gold can fall below $600 an ounce and oil below $50 a barrel over the next twelve months.
READ MORE>>

MORE ARTICLES >>