Thursday, December 17, 2015

Thursday roundup (12-17-15)

Wage Growth Slows Sharply Across Eurozone: German workers received a sharp increase in the third quarter, but countries such as Spain and Portugal saw little benefit (The Wall Street Journal)

Chinese firms' profits hit record lows, face harmful deflation - survey (Reuters)

[In the United States,] Fed will have to reverse gears fast if anything goes wrong: Janet Yellen has taken a huge gamble raising rates alone in the world, with manufacturing in recession and the dollar already too strong for comfort by Ambrose Evans-Pritchard (The Telegraph)

Massive Downsizing In Oil Sector Brings Acute Pain For The Holidays (National Public Radio)

Hey, Republican establishment: it's time to panic (Vox)

     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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