Wednesday, December 2, 2015

Wednesday roundup (12-02-15)

Near zero eurozone inflation hands ECB 'green light' for fresh stimulus boost: Mario Draghi, president of the European Central Bank, expected to announce new measures to promote growth and fight low inflation (The Telegraph) Eurozone inflation data raises prospect of fresh ECB stimulus: European Central Bank could expand quantitative easing and cut deposit rate further, while Fed is expected to raise US rates after strong job growth figures (The Guardian)

Black Friday was a debt disaster [in the UK]: On Black Friday we got it all wrong - buying on a whim, spending too much, and going into debt (AOL Money UK)

Look Out Below: the Real Economy [in the United States] Just Hit Stall Speed by Charles Hugh Smith (of two minds blog)

Watch for U.S. recession, zero interest rates in China next year, Citi says (Reuters) Citigroup: The Best Predictor of a U.S. Recession Will Resurface Sooner Than You Might Think: A U.S. recession is more likely than not in 2016, according to some strategists at the bank. (Bloomberg)

"Time To Hike Rates?" The Last 2 Times ISM Manufacturing Was Here, The Fed Unleashed QE1 & QE3 (ZeroHedge blog)

[Corporate] Defaults soar to recession levels, fueled by cheap oil (CNNMoney)

America's poor are still heavily in debt (CNNMoney)

Goldman Warns of Brazil Depression After GDP Plunges Again (Bloomberg)

The world’s favorite fruit is slowly but surely being driven to extinction (Quartz)

     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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