Thursday, November 5, 2015

Thursday roundup (11-05-15)

Deflation Risks May Warrant Radical New Central-Bank Thinking, the IMF’s Chief Economist Says (The Wall Street Journal blogs)

EU predicts economic recovery at 'modest pace' next year; too much debt, not enough investment (The Associated Press) EU Cuts Growth and Inflation Outlook as ECB Decision Looms (Bloomberg)

Dovish BoE dampens rate hike expectations (CNBC) Bank of England shies away from early 2016 rate rise (Reuters)

Fed would consider negative rates if economy soured - Yellen (Reuters)

Compass Point: Fannie Mae, Freddie Mac will need another bailout: It’s no longer a question of if. It's a question of when (HousingWire)

Clinton, Warren Still at Odds on Banking Policy: Warren continues to make the case for reinstating Glass-Steagall provisions separating commercial and investment banking. (NationalJournal)

Telus to cut 1,500 jobs but hike dividend 5% (The Canadian Broadcasting Corporation)

     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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