Saturday, August 23, 2014

Saturday roundup (08-23-14)

World getting 'super-aged' at scary speed: The world is graying at a break-neck pace and that's bad news for the global economy. (CNNMoney)

Declining food prices increase the risk of global deflation (ArabNews) [The following article quotes parts of the preceding article, saying that the analysis comes from the QNB or Qatar National Bank] (Gulf Times)

Why deflation is a real risk despite the growth of the UK economy (The Herald of Scotland)

Draghi at Deflation Gulch (The New York Times blogs)

US job market yet to recover from recession, says Fed Chair (France24)

Mass. economy still hasn’t rebounded from recession (The Boston Globe)

Unofficial Problem Bank list declines to 445 Institutions (Calculated Risk blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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