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IPFS News Link • Money Bomb

Are we on the verge of a “great, great depression?” (Video)

06-01-2011 • The Economic Spy

Economic data, Wednesday, June 1st does not paint a particularly pretty picture: Weak ADP jobs data, weak car sales data, very weak ISM manufacturing data, Greece downgrade with 50/50 chance for default predicted, horrendous real estate market news, all stock indices down more than 2% and the 10-year treasury yield below 3%! The employment report for May is due to be released on Friday, and after the ADP jobs number from today estimates for payroll growth are being slashed across Wall Street...

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Reported By Michael Haltman

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