Friday, February 5, 2016

Friday roundup (02-5-16)

The World’s Most Famous Case of Deflation (Part 1 of 2) [The Visual Capitalist via] (Equities)

Toxic Loans Around the World Weigh on Global Growth (The New York Times)

Oil market spiral threatens to prick global debt bubble, warns BIS: An 'illusion of sustainability' has blinded borrowers and debtors, lulling them into a false of security. The BIS says liquidity is now drying up by Ambrose Evans-Pritchard (The Telegraph)

Citi: The Global Economy Is Trapped in a ‘Death Spiral’ (New York Magazine) Citi: 'We Should All Fear Oilmageddon': A feedback loop of the U.S. dollar, crude, capital flows, and emerging markets. (Bloomberg)

U.S. jobs growth slows to 151,000, but jobless rate hits 8-year low (Marketwatch) Chart of the Day: Net New Jobs in January (Mother Jones) Sluggish jobs report raises questions about the direction of U.S. economy (The Los Angeles Times) The big question: How long can our little-recovery-that-could keep chugging along? (The Washington Post blogs)

The Unemployment System Can’t Handle Another Recession (The Fiscal Times)

HSBC Reaches $470 Million Accord Over Foreclosure Abuses (Bloomberg)

Hillary Clinton and Bernie Sanders Brawl Over His “Insinuation” That She’s Corrupt (The Intercept) What Clinton and Sanders Are Really Fighting About: The Democratic candidates have revived an old progressive debate about whether big business can be regulated, or must be broken up. (The Atlantic) Sanders sounds like FDR on banks (The Hill blogs)

Hillary Clinton Losing Her National Lead Over Bernie Sanders, [a national Quinnipiac] Poll Shows (ABCNews) Presidential hopefuls Sanders, Clinton in dead heat - Reuters/Ipsos poll (Reuters)

The Conservative Playbook for Keeping ‘Dark Money’ Dark: In internal memos, groups opposing tighter state campaign finance rules coach their local supporters on how to battle disclosure of political donors. (ProPublica)

     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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