Wednesday, September 24, 2014

Wednesday roundup (09-24-14)

ECB to keep loose policy 'for long time': Draghi (Reuters)

In Germany, Business Indicator Falls, Raising Specter of Recession (The New York Times) German Business Confidence Drops for Fifth Month (Bloomberg) Slide in German business morale points to weak third-quarter (Reuters) Japanese-style stagnation in Europe: Why Deutschland Is Doomed (Oxymandias)

French economy flat-lines as business activity falters (Reuters)

Renzi's revolution running late as Italians seek action (Bloomberg)

[The US] Treasury let GM, Ally give bosses big raises during TARP [The Wall Street Journal via] (Marketwatch) U.S. Treasury denies allowing 'excessive' executive pay at GM, Ally (Reuters)

Americans Are O.K. With Big Business. It’s Business Lobbying Power They Hate. (The New York Times)

Why the U.S.’s biggest business group thinks new Obama anti-inversion rules are a sham (Marketwatch)

Howard Davidowitz – Living In a Debt Fueled Insane World (Financial Survival Network) (Audio)


     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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