Sunday, August 31, 2014

Sunday roundup (08-31-14)

Quote of the Day:

"Yes, eventually we’ll have a collapse or deflationary bust in asset markets. That’s inevitable. Printing money can postpone such a collapse but eventually the bust will occur. Every inflation, whether consumer price inflation or asset inflation, eventually comes to an end." -- Marc Faber, editor and publisher of The Gloom Boom & Doom Report (Global Gold)

World Inflation Makes 56-Month Low (GaveKal Capital blog)

[David] Stockman - Unprecedented Global Financial Wipeout Is Coming (King World News)

European bank officials weigh QE 'shock and awe' (CNBC) Investors' eyes pinned on ECB as Europe's health deteriorates (Reuters) Abenomics, European Style by Nouriel Roubini (Project Syndicate)

Germany must lead the way to eurozone growth: The country's establishment doesn’t seem to have grasped that what is good for one part of the system is not necessarily good for the system as a whole (The Telegraph)

IMF approves bailout payment to Ukraine (Marketwatch)

Is the Recession Really Over [in the United States]? (The Huffington Post)

Slow wage growth threatens California economic recovery, report finds (The Los Angeles Times)

Report: Recession isn’t over for many NC workers (The Charlotte Observer of Charlotte, North Carolina)

     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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