Saturday, December 26, 2015

Saturday roundup (12-26-15)

What is stopping the Bank of England from raising interest rates in 2016?: Now that the Fed has pulled the trigger on an interest rate rise, all eyes are on Threadneedle Street to see when the UK will follow (The Telegraph)

A nation in debt: [UK] Households are paying off home loans at a sharply slower rate (This Is Money)

[In the United States,] Pennsylvania, Illinois Usher In The New Year With Record Budget Impasses (ZeroHedge blog) Illinois Record Budget Impasse Makes It Worse for the State's Pension Disaster (Bloomberg) Pennsylvania at Modern Record for Its Longest Budget Impasse (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.

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