Tuesday, September 9, 2014

Tuesday roundup (09-09-14)

The World Is Facing A Global Job Crisis (Agence France Presse)

Poll: People around the globe sour on economic recovery (USAToday) Global Public Downbeat about Economy: Many Wary of the Future (PewResearch)

David Rosenberg: Why the holy grail of escape velocity still eludes the global economy (The Financial Post)

Reform key to eurozone growth (The Japan Times)

How incompetent policymakers have kept the Eurozone in perpetual crisis (CityAM)

Europe's Austerity Policies Continue Negative Impact (The Progressive) Germany hits back at austerity critics: German Finance Minister Wolfgang Schaeuble said economic growth cannot be boosted by easing the bloc’s budget rules or cutting interest rates (Agence France Presse)

Ex-chief economist Stark: ECB turning into European 'bad bank' (Reuters)

Italy PM Renzi says growth will be around zero this year (Reuters)

Bank of England's Carney says spring rate hike possible (Reuters)

Bank of Japan Buys Government Debt at Negative Yield (The Wall Street Journal blogs)

Fed ramping up pressure for biggest US banks to shrink to become less risky for system (The Associated Press)

[Sen. Elizabeth] Warren Faults Banking Regulators for Lack of Criminal Prosecutions (The Wall Street Journal blogs)

How Are American Families Doing? A Guided Tour of Our Financial Well-Being (The New York Times)

Last Week Tonight with John Oliver: Student Debt (Youtube)



     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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