Friday, September 12, 2014

Friday roundup (09-12-14)

IMF's Lagarde Says Women Vital for Global Recovery [which is too tepid and too turbulent] (The Associated Press)

Global banks retreat as the US and China tighten in lockstep: The glory days of "maximum liquidity" we have enjoyed in the post-Lehman era are coming to an end, warns Bank of America by
Ambrose Evans-Pritchard (The Telegraph)

This Terrifying Black Swan To Collapse Global Financial System (King World News)

U.S. sees deflation risk in Europe, plans G-20 effort to boost global demand (Reuters)

ECB stands ready to take more measures if needed-Draghi (Reuters)

France to come under pressure for breaking budget promises (Reuters)

Italy industrial output falls unexpectedly in July (Marketwatch)

There's Something Very Wrong With Britain's Recovery (The Business Insider)

Weak industry and stubborn inflation hinder India's economic recovery (Reuters)

China May Be Heading for a Japanese-Style Economic Crisis (Time)

The debt deniers who threaten America’s future (The Hill blogs)

Six Years After Lehman’s Bankruptcy, Wall Street Is as Reckless as Ever (The Fiscal Times)

U.S. foreclosure activity rises for second straight month in August - RealtyTrac (Reuters)

American credit-card debt hits a post-recession high (Marketwatch)

Why Has Classical Capitalism Devolved to Crony-Capitalism? by Charles Hugh Smith (Of Two Minds blog)

RadioShack Bankruptcy Filing Could Be Near (The New York Times blogs) RadioShack stumbles down road taken by many failed U.S. retailers -- [= going out of business] (Reuters)

Owner of Dozens of Newspapers Seeks Buyers (The New York Times)

     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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