Friday, November 13, 2015

Friday roundup (11-13-15)

Slower-than-expected euro zone growth likely to seal more ECB stimulus (Reuters) Eurozone recovery loses steam as Germany slows: French economy grows 0.3% in third quarter but Germany, Finland, Greece, Netherlands, Italy, and Portugal all undershoot market expectations (The Guardian)

France runs out of cash until end of the year (The Local)

Italy Economy Slows, Making Return to Sustainable Growth Harder (Bloomberg)

Britain's economic recovery is precarious and an economic storm could be coming: Rising debt, a house price bubble, cheap money - does any of that sound familiar? (The Independent)

Treat rogue bankers like shoplifters and throw them in jail, says Osborne as he rejects pleas to 'move on' from the crash (The Daily Mail)

China's Troubled Credit Swells to Sweden-Sized $628 Billion (Bloomberg)

Weak retail sales [in the United States] suggest moderate fourth-quarter economic growth (Reuters)

Roche to take $1.6 billion charge to close sites in Europe, U.S. [= up to 1,200 job losses] (Reuters)

Tribune Publishing is buying out 500 employees (Crain's Chicago Business)

     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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