Tuesday, January 26, 2016

Tuesday roundup (01-26-16)

One Salmon Costs More Than Barrel of Oil as Slump Deepens: Chart (Bloomberg)

A Month After Raising Rates [in the United States], Fed Faces Darker Global Economy (The Associated Press) Did the Fed Make a Rate-Hike Mistake? (The Wall Street Journal blogs) The Federal Reserve may have made a huge mistake (The Washington Post blogs)




Hillary Clinton Laughs When Asked if She Will Release Transcripts of Her Goldman Sachs Speeches (The Intercept) Clintons's $200,000 an Hour Pay From Goldman Sachs is Nothing to Laugh At (The Huffington Post) Goldman Sachs is in the eye of the campaign storm (McClatchy Washington Bureau)

Posti [of Finland] to slash up to 860 jobs (YLE)

Alpha announces more mining layoffs, more than 850 could lose jobs (MetroNews, The Voice of West Virginia)

Software maker VMware to cut 800 jobs, sees weak 2016 (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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