Wednesday, September 3, 2014

Wednesday roundup (09-03-14)

Mario Draghi cannot launch QE without German political assent: It is surely wishful thinking to suppose that the ECB is ready to launch full-fledged QE at its meeting this week, given its political make-up by Ambrose Evans-Pritchard (The Telegraph) If ECB Does QE, It’s Another Sign of Western Governments’ Failures (The Wall Street Journal blogs)

[Italian Prime Minister] Renzi slows reform pledge frenzy as criticism mounts (Reuters)

Falling wages threaten Spain's recovery: OECD (The Local)

[In the United States] Market Basket Shows Power Of Organized Labor Without Unions (WBUR)


     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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