Friday, December 18, 2015

Friday roundup (12-18-15)

International Energy Agency sees 'peak coal' as demand for fossil fuel crumbles in China: 'The golden age of coal seems to be over. Given the dramatic fall in the cost of solar and wind, the question is whether coal prices will ever recover' by Ambrose Evans-Pritchard (The Telegraph)

The Inside Story of Syriza’s Struggle to Save Greece: Exclusive interviews with the party’s top players shed light on the eurozone showdown. (The Nation)

Taiwan central bank cuts interest rates again (Marketwatch)

[United States] Congress clears bill averting shutdown (CNN) Congressional Republicans deflect attacks from their own presidential candidates (The Washington Post)

Money Velocity Is Crashing--Here's Why (of two minds blog)

Giving: A look around the globe at people in need and the help that many have given to try to make their lives better. From donations to volunteering time, many contribute hoping to make a difference. (The Boston Globe)

Citigroup Plans at Least 2,000 Job Cuts Next Month (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