Tuesday, September 16, 2014

Tuesday roundup (09-16-14)

Italy employers slash GDP forecasts, hike deficit, debt (Reuters)

Dutch Ease off Austerity, Will Spend on Military (The Associated Press)

More austerity, reforms ahead for Finland, PM Stubb says (Reuters)

Russia needs government investment to avoid recession, says former finance minister (Reuters) Russia sanctions risk lasting damage to Europe’s shaky economy: Germany takes hit as U.S., EU target Moscow’s banks, defense and energy companies (The Washington Times)

New data shows Americans' incomes still stagnant after recession (Reuters)

Another US recession may be coming … sooner than you think: Economists warn contraction in emerging market economies could cause another economic slump in 2015 (Al Jazeera)

Third quarter US growth outlook cloudy: Survey (CNBC)

Pioneer to cut 2,000 jobs in bid to restructure (Kyodo)

     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