Thursday, September 11, 2014

Thursday roundup (09-11-14)

Euro zone inflation, growth projections muted despite ECB stimulus: poll (Reuters)

China Inflation Stays Subdued as Producer Prices Extend Decline (Bloomberg) China May Soon Go the Way of Japan [Into an Asset-Deflation Phase], Says Merrill Lynch (Bloomberg)

Wilbur Ross: Deflation, Not Inflation, Is the Bigger Concern (The Wall Street Journal blogs)

Government Debt Isn't the Problem—Private Debt Is: The Roaring Twenties, the Japanese boom of the '80s, and the U.S.'s in the early 2000s have one thing in common: They were debt-fueled binges that brought these economies to the brink of ruin. (The Atlantic)

40 million Americans now have student loan debt (CNNMoney)

[US engineering consultant] CH2M Hill to axe 1,200 jobs worldwide in restructure (Waste and Wastewater Treatment)

     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.

No comments:

Post a Comment