Thursday, March 12, 2015

Thursday roundup (03-12-15)

Commerzbank Pays $1.45 Billion To Settle U.S. Criminal Case, Defer Prosecution (Forbes) Commerzbank of Germany to Pay $1.5 Billion in U.S. Case (The New York Times blogs)

France in deflation as German prices rebound: Prices in Germany and France developed out of sync in February, reflecting a gap in growth levels for Europe's two largest economies. While Germany's recovery is gaining momentum, France looks increasingly stuck. (Deutsche Welle)

Serbia Cuts Main Rate to Fight Recession, Deflation Threat (Bloomberg)

Household debt hits new high [in Canada] as country's financial stability questioned (The Globe and Mail of Toronto) Canadians borrowing much more than their disposable income (Digital Journal)

Retail sales fall for third straight month [in the United States] (USAToday)

     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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