Tuesday, December 1, 2015

Tuesday roundup (12-01-15)

Oil Resumes Decline as OPEC Ministers Gather for Policy Meeting (Bloomberg) Oil Plunge Raises Fears of Societal Unrest [in countries such as Algeria, Iraq, Libya, Nigeria, and Venezuela] (FoxBusiness)

China factory activity slumps to three-year low (CNNMoney)

For third consecutive quarter, U.S. CEOs cautious on economy: poll (Reuters) CEO Confidence Goes From Bad to Worse (FoxBusiness) Economic expectations of top U.S. CEOs sink to three-year low (The Los Angeles Times)

Some Express Skepticism of Fed Limits on Next Bailout (FoxBusiness)

The Coming Great Recession, Brought to You by the Healthcare Cartel by Charles Hugh Smith (of two minds blog)

More Atlantic City casinos may close, says Moody's (CNNMoney)

As debt crisis deepens, Puerto Rico's fate in the balance (CBSMoneywatch)

Brazil recession deepens, worst annual drop on record (Reuters) Brazil dives deeper into recession (CNNMoney)

Gulfstream laying off 1,100 employees (The Savannah Morning News of Savannah, Georgia)

Volvo to lay off 734 workers at plant in Pulaski County (The RoanokeTimes of Roanoke, Virginia)

     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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