Monday, November 9, 2015

Monday roundup (11-09-15)

World flirts with global recession as trade growth slows, warns OECD: Organisation for Economic Co-operation and Development trims global growth forecasts amid a "deeply concerning" slowdown in global trade and slower growth in emerging markets as economists urge the Chancellor to rethink cuts (The Telegraph)

Global GDP Worse Than Official Forecasts Show, Maersk Says (Bloomberg)

Global banks still too big to fail: Regulator (USAToday) 'Too big to fail' banks need $1.2 trillion (CNNMoney)

Creditors Withhold 2 Billion Euro Bailout Payment From Greece (The New York Times) Euro zone won't release new money for Greece until reforms done (Reuters)

Leftists ready to topple Portugal’s austerity premier: Markets rattled as Portugal poised to get Socialist-led government backed by far left. (Politico) Germany loses key ally in Portugal as austerity regime crumbles: 'We don’t have a coup here: we have democracy. Whoever lacks the votes in the national assembly cannot govern,' says the leader of the Left Bloc by Ambrose Evans-Pritchard (The Telegraph)

Britons face financial ruin as debts set to rocket when interest rates rise: BRITISH households are awash with debt and are in for a rude awakening when rates rise, experts have warned. (The Express)

Ex-GAO head [David Walker]: US debt is three times more than you think (The Hill blogs)

Presidential candidates need to discuss national debt by Scott McCallum, a former governor of Wisconsin (The Journal-Sentinel of Milwaukee, Wisconsin)

St. Louis Fed: There Is No Chance Inflation Will Be Out of Control Over the Next Year: A new inflation model suggests big price increases are still far away. (Bloomberg)

     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