Wednesday, September 17, 2014

Wednesday roundup (09-17-14)

Eurozone inflation weak as currency bloc stuck in ‘danger zone’: While stronger than analysts expected, weak price growth threatens to make the debts of eurozone countries much harder to pay (The Telegraph)

Fitch Warns That Europe Could Be Facing A 'Doom Loop' (The Business Insider) The Case For Worrying About European Deflation (The Wall Street Journal blogs) Why deflation is so terrifying for Europe (Global Post)

French economy is 'sick', says new economy minister (France24)

Bank of England: Ailing Eurozone Threatens UK Economic Recovery (International Business Times)

Afghanistan asks Washington for $537 million bailout (FoxNews)

Fed will end QE next month, 'considerable time' remains [before interest rate rises] (CNBC)

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months (ZeroHedge blog)

U.S. consumer prices post first decline in nearly 1-1/2 years (Reuters)

The economic recovery is historically terrible for the middle class (The Washington Post)

One in 10 Americans’ paychecks get docked to pay off debts (Marketwatch)

Citigroup Embraces Derivatives as Deals Soar After Crisis (Bloomberg)

Occupy Abolishes Almost $4,000,000 in Student Debt, Enrolls Campus Activists, Announces Nationwide 'Debt Collective' (The Huffington Post)

     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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