Friday, December 11, 2015

Friday roundup (12-11-15)

Oil skids toward 11-year low as IEA warns of worse glut (Reuters) 4 reasons crude-oil prices are in a nasty death spiral—again (Marketwatch) Russian Finance Ministry sees oil price around $40-$60 for next 7 yrs (Reuters) Russia plans $40 a barrel oil for next seven years as Saudi showdown intensifies: 'We will live in a different reality,' said a top Kremlin official. The message is aimed squarely at Saudi Arabia in a war for market share by Ambrose Evans-Pritchard (The Telegraph) The Fed oil deflation problem (ResourceInvestor)

Hope for eurozone’s smooth recovery is fading fast: Policy decisions leave economies weak and deeper in debt by Satyajit Das (Marketwatch)

Greece, EU/IMF lenders agree on reforms to unlock new bailout funds: minister (Reuters)

A New Glass-Steagall Would Be Too Good for Banks to Pass Up (American Banker)

DuPont to cut 5,000+ jobs ahead of Dow merger (The Philadelphia Inquirer blogs)

     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