Wednesday, November 18, 2015

Wednesday roundup (11-18-15)

Finland's depression is the final indictment of Europe's monetary union: Finland has lost a quarter of its industry since 2008 even though it is the poster-child of EMU competitiveness by Ambrose Evans-Pritchard (The Telegraph)

[In the United States,] We’re Well Below Target Inflation…by Every Measure (CEPR blog)

More work to ensure large banks can be wound down: Fed's Dudley (Reuters)

U.S. pursuing criminal cases against RBS, JPMorgan executives: WSJ (Reuters)

Puerto Rico default nears as debt deadline looms (CNBC)

Teck Resources to slash 1000 more jobs, cut spending (Reuters)

Cloud software maker Citrix to spin off GoTo business, cut [about 1,000] jobs (Reuters)

     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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