Thursday, January 14, 2016

Thursday roundup (01-14-16)

Volkswagen likely to buy back 115,000 cars in U.S: German report (Reuters)

BOE Keeps Key Rate at Record Low as Oil Damps Inflation Path (Bloomberg)

A Towering Chinese Debt Mountain Looms Over Markets (Bloomberg)

The Fed’s Inflation Problem Just Got Worse: With overseas weakness likely to further chill U.S. inflation, the Fed’s rate-raising plans are in for a challenge (The Wall Street Journal)

Goldman Sachs in $5.1 billion toxic mortgage settlement (CNNMoney)

ATM and overdraft fees top $6 billion at the big 3 banks (CNNMoney)

More Than Half of Americans Reportedly Have Less Than $1,000 to Their Name: According to a new survey. (Esquire) Deeper Into Credit Card Debt With No Regrets This Holiday Season (Magnify Money)

Two dealers allege Fiat Chrysler falsifying sales (The Detroit News)

     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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