Friday, February 26, 2016

Friday roundup (02-26-16)

No Inflation In Sight [In The Developed World], Say Two Bond Masters: Hoisington’s bond managers doubt the global economy will rebound soon thanks to low industrial output, heavy debt, and the commodities collapse. (Barron's)

Euro zone economy hits wall of worry, deflation concern (Reuters)

Bank of England's Carney says lack of structural reforms to blame for weak growth (CNBC)

Chinese central bank chief hints at more stimulus for slowing economy: China still has more room and tools in its monetary policy to tackle the slowdown, People’s Bank governor Zhou Xiaochuan tells G20 finance meeting (The Guardian)

Anglo American to cut 2,000 platinum jobs in S.Africa (Agence France Presse)

Chicago State University sends layoff notices to all 900 employees (The Chicago Tribune)

     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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