Tuesday, February 24, 2015

Tuesday roundup (02-24-15)

Deflation Is Overriding Theme in Global Economy: Harris: Bank of America Merrill Lynch Head of Global Economic Research Ethan Harris discusses the economy, central banks monetary policies and risks of deflation. He speaks on “Bloomberg Surveillance.” [VIDEO] (Bloomberg)

Deflation Threat Grows in Europe (Dow Jones Business News) Greece leads eurozone's slide into deflation: Inflation slumps to -0.6pc across the monetary bloc as 17 out of 19 countries record negative price growth (The Telegraph)

Euro zone backs Greek aid extension, seeks clearer reforms (Reuters) After Bailout Plan Approval, Greece Faces a Balancing Act (The New York Times)

The IMF Slammed Greece’s Proposed Overhaul to Its Bailout. Here’s Why It Matters (The Wall Street Journal blogs)

US housing market recovery 'faltering' (The BBC) U.S. existing home sales at nine-month low, supply limited [Feb. 23] (Reuters) Fewer Homes for Sale Pushes up US House Prices in December (The Associated Press)

The strong dollar is the biggest threat to the economic recovery (The Washington Post blogs)

[French steel pipe maker] Vallourec slips into net loss, to cut 1,400 jobs (Reuters)

     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