Saturday, January 16, 2016

Saturday roundup (01-16-16)

Global slump 'will force UK factories into deeper recession’: Manufacturers expected to cut investment as oil prices head towards $20 a barrel mark (The Telegraph)

China’s avalanche stokes fears of global recession (The Times of India blogs)

[In the United States,] Economists and Financial Experts in Favor of Sen. Sanders' Wall St. Reforms [including Robert Reich and William K. Black] (Bernie Sanders)

     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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