Monday, January 11, 2016

Monday roundup (01-11-16)

"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt" (ZeroHedge blog) Rail Freight Shipments [In The US] Are Collapsing (Investment Research Dynamics)

RBS cries 'sell everything' as deflationary crisis nears: Clients told to seek safety of Bunds and Treasuries. 'This is about return of capital, not return on capital. In a crowded hall, exit doors are small' by Ambrose Evans-Pritchard (The Telegraph)

Alarm bells sound in [British] manufacturing over global economy: Worldwide economic risks threaten UK manufacturing, with a third of companies considering 'across the board' cuts (The Telegraph)

Scrap Bank of England's powers after century of boom and bust, says think-tank: UK should return to historic system of "free banking", the Adam Smith Institute argues (The Telegraph) Sound Money: An Austrian proposal for free banking, NGDP targets, and OMO reforms (Adam Smith Research Trust)

Is Deflation Coming To China? (Forbes)

Half of US shale drillers may go bankrupt: Oppenheimer's Gheit (CNBC)

​Arch Coal's bankruptcy: More gloom for the industry (CBS Moneywatch) Arch Coal Files for Bankruptcy in Latest Blow to U.S. Miners (Bloomberg)

Trump & Taxation by Martin Armstrong (Armstrong Economics blog) Donald Trump is getting much better as a candidate (The Washington Post)

Sanders and Trump both get treated like rock stars. But similarities end there. (The Washington Post)

What If Bernie Sanders Is the Democrats' Best Bet?: The Vermont senator now argues that he’s more electable against a Republican than his leading rival. (The Atlantic) Here’s exactly how Bernie Sanders can beat Hillary Clinton (The Washington Post)

     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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