Thursday, March 5, 2015

Thursday roundup (03-05-15)

The Global Problem: Monetary Policy Can't Fix an Economy's Structural Problems by Charles Hugh Smith (of two minds blog)

This is what happens when countries default on their debts (The Business Insider)

Global Crude Oil Production Growth Grinding To A Halt (OilPrice)

Why oil will be rangebound for the time being: Jim Rickards, chief global strategist at West Shore Funds, expects oil prices to trade between $50-60 for a year or two as Saudi Arabia attempts to put the U.S. shale frackers out of business. (CNBC)



Eurozone QE Is Here. What Could Possibly Go Wrong? (The Wall Street Journal blogs)

How banks may have rigged the Bank of England scheme built to keep them alive: In 2007, the Bank of England introduced a liquidity programme to help the banks. The SFO is now investigating whether this was manipulated (The Telegraph)

U.S. factory orders fall for sixth straight month (Reuters)

No, the Banks Aren’t Losing (Pro Publica)

Small Quaker Group Takes Aim at Big Bank and Wins (The Huffington Post)

We don’t know for sure that pesticides are killing the bees. But we know enough to worry. (The Washington 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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