Sunday, January 17, 2016

Sunday roundup (01-17-16)

Weak U.S. data deluge points to sharply slower growth (Reuters)

Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears (ZeroHedge blog)

Bank Failures by Year (Calculated Risk blog)

A recession worse than 2008 is coming (CNBC)

Tata Steel to cut 1,050 jobs in Britain - Sky News (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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