Tuesday, December 15, 2015

Tuesday roundup (12-15-15)

Greek parliament approves reforms to unlock bailout funds (Reuters)

Bank Runs In Italy (Cliff Küle's Notes blog)

Spain: 2 Upstart Parties Set to Rock Spain's Political Boat (The Associated Press)

Portugal's New Govt Starts Reversing Austerity Measures (The Associated Press)

China's Economic Growth Rate Is Seen Falling Until at Least 2018 (Bloomberg)

[In the United States,] Fed opens meeting [expected] to put an end to crisis era policy [Wednesday afternoon] (Reuters) Here's how long it's been since the Fed raised rates [9 1/2 years] (CNNMoney) This will be the biggest question when the Fed starts raising rates (The Washington Post blogs)

Will A Fed Interest Rate Hike Slow The Housing Recovery? (National Public Radio)

Volkswagen to shed 600 temporary jobs at German plant to cut costs (Reuters)

     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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