Friday, December 4, 2015

Thursday-Friday roundup (12-03&04-15)

I took a break yesterday, but I am back today.

World food prices fall 1.6 percent in November: FAO (Reuters)

OPEC Unity Shattered as Saudi-Led Policy Leads to No Limits (Bloomberg) OPEC fails to agree production ceiling after Iran pledges output boost (Reuters) OPEC to keep pumping crude, sheds symbolic output ceiling (Fuel Fix blogs) OPEC is at war - and it's sending shockwaves around the world (CNNMoney) Paralysed Opec pleads for allies as oil price crumbles: The cartel is no longer able to steer prices and risks going the way of the Texas Railroad Commission. The oil market has become a jungle by Ambrose Evans-Pritchard (The Telegraph)

ECB to extend QE until at least March 2017, buy regional government bonds (CNBC) Draghi: 'No particular limit' to ECB policy tools (CNBC) Mario Draghi riles Germany with QE overkill: Markets threw a tantrum because they did not get instant gratification, but the ECB's radical stimulus is unprecedented by Ambrose Evans-Pritchard (The Telegraph)

ECB cuts interest rate, to unveil more eurozone stimulus (The Associated Press) Europe Could Derail America’s Economic Recovery: Central banks around the world are moving in different directions (Time)

Why Negative Interest Rates Are Becoming the New Normal (The New York Times)

Eurozone economic growth slows more than seen (Marketwatch)

Despite recovery, a big spike in U.S. poverty rates (CBSMoneywatch)

Housing Bubble 2 in One Chart by Charles Hugh Smith (of two minds blog)

We still haven’t gotten rid of too-big-to-fail banks by Simon Johnson (Marketwatch)

Superbug known as ‘phantom menace’ on the rise in U.S. (The Washington Post) End of Antibiotics Grows Near As Drug-Resistant Gene with Epidemic Potential Is Found in Animals, Meats, and Humans (Mercola)

Newport News Shipbuilding to lay off 738 workers (WGNT)

     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