Thursday, March 19, 2015

Thursday roundup (03-20-15)

Eurozone wage growth slows, raising deflation fear (Marketwatch)

Fears of Greek Debt Default Overshadow European Union Gathering (The New York Times) EU leaders say Greece commits to listing specific reforms soon in exchange for more money (The Associated Press)

Why Are the Germans So Hellbent on Austerity?: If Germany doesn’t loosen up, the euro might not survive. (The Nation)

Interest rates may be cut, suggests Bank of England chief economist: Andrew Haldane’s view on tackling deflation risk strikes markedly different tone to governor Mark Carney, who said it would be foolish to cut rates now (The Guardian) [Indeed,] Minutes to last meeting show Bank of England policymakers were unanimous in keeping rates low (The Associated Press)

Ireland sells debt at negative yields for the first time: The Government is being paid for the first time to borrow on the markets. (The Irish Independent)

Japan’s Recovery Is Complicated by a Decline in Household Savings (The New York Times)

Japan's Sharp to cut 6,000 jobs in global restructuring: source (Reuters)

10 Charts [Drawn From Federal Reserve Economic Data (FRED)] Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis (The Economic Collapse blog)

     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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