Survival News Network

Notice how all the bad news is somehow unexpected.
Sales of previously owned houses unexpectedly slumped in January for the second consecutive month, raising fresh concerns about the housing market’s potential for rebound even as a new report showed that the economy expanded more than previously forecast at the end of last year.
Sales of [...]

 
In surprise news which sent the pound sliding on Thursday, official figures showed that the Government borrowed £4.3 billion last month.

It was the first time since 1993 that the public finances had gone into the red in January – a month in which tax revenues usually push the Exchequer into the black.

Economists said that the [...]

…So we can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs [...]

The stock market’s moving up and some economists are declaring an end to the recession. So, why are people still so pessimistic?
A new national survey says the reality has sunk in that true financial recovery for most people won’t come soon. As a result, consumers aren’t very interested in spending money, they’ve concluded retirement is [...]

Source: Truthdig
And we have few tools left to dig our way out. The manufacturing sector in the United States has been destroyed by globalization. Consumers, thanks to credit card companies and easy lines of credit, are $14 trillion in debt. The government has pledged trillions toward the crisis, most of it borrowed or printed [...]

Source: washingtonpost.com
On the eve of what is expected to be the clearest evidence yet of the nation’s deepening recession, bad news rolled in from across the economy and the world.
Sales of new homes in December plummeted, corporations announced plans to cut 13,000 more U.S. jobs, unemployment claims jumped, and a troubled icon of U.S. manufacturing, [...]

Source: FT.com
Japanese industry suffered a record fall in output in November as unemployment continued to rise and household spending kept sliding, the latest set of gloomy figures from the world’s second-largest economy showed on Friday.
November’s 8.1 per cent month-on-month decline in industrial output, which followed a long series of bad news from Japanese government [...]

Source: The Associated Press
Japan’s contracting economy got a slew of bad news Friday when government figures showed that industrial production plunged by its biggest margin on record in November, the jobless rate jumped and household spending fell.
Output at the nation’s manufacturers tumbled 8.1 percent from October, the largest drop since Tokyo began measuring such [...]