Monday, February 29, 2016

Monday roundup (02-29-16)

The Central Bankers' Greatest Blunder Yet: Negative Rates = Deleveraging (ZeroHedge blog)

Euro zone dips into deflation, raising heat on ECB (Reuters) Deflation is back: Cue more money printing (CNNMoney) ECB under mounting pressure to step up eurozone support: Bloc slips into negative inflation for third time in a year prompting fears eurozone is heading for deflation (The Guardian)

Budget woes mount as Osborne struggles to control debt mountain (The Telegraph)

Britain in the red again as credit card debt soars by 9% fuelling fears of another bubble (The Daily Mail)

U.K. Retailers Could Cut 900,000 Jobs in Decade, Group Says (Bloomberg)

Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says (Bloomberg)

China’s PMI Deteriorated in February as Old Growth Drivers Slow (Bloomberg)

China plans to cut 1.8 million coal and steel jobs (CNNMoney)

[United States Presidential Candidate] Donald Trump Hits 49 Percent Support [Among Republicans] in New National Poll (ABC News)

With Donald Trump Looming, Should Dems Take a Huge Electability Gamble by Nominating Hillary Clinton? (The Intercept)

Stamp prices set to go down two cents in April [= first time prices have dropped in nearly 97 years] (CNNMoney)

Job cuts [totalling 1200 are] part of Sysco plan to boost its bottom line (The Houston Chronicle)

Venezuela is making 'surreal, suicidal' debt payments (CNBC)

Argentina Reaches Settlement With Hedge Funds, Ending 15-Year Dispute (National Public Radio) Argentina’s Debt Drama: How We Got Here: A guide to investors' 15-year battle over defaulted bonds (The Wall Street Journal blogs) Argentina’s Debt Settlement Ends 15-Year Battle (The New York Times blogs)

U.N. Warns the Declining Bee Population Is Going to Devastate Our Food Supply (Grub Street)

Senate GMO Labeling Bill Would Keep Consumers in the Dark: Like a House version, the bill would preempt state laws (Consumer Reports) The GMO Dark Act Cannot Survive the Light. The Labeling of Genetically Engineered Foods (Global Research) The DARK Act Puts GMO Labeling at Risk: The DARK Act is one step closer to becoming law. We need our senators to protect our right to know what we’re eating. (Food & Water Watch) THE DARK ACT STRIKES BACK (Center for Food Safety)

Download the True Food Shopper's Guide: How to Avoid Foods Made with Genetically Modified Organisms [GMOs] (The Center for Food Safety) Say "No" to GMOs (Non-GMO Project) THE GREAT GMA COVERUP INFOGRAPHIC (TheBoycottList) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

     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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