Monday, February 8, 2016

Monday roundup (02-8-16)

What the ‘Chart of Doom’ is saying about a global recession (Marketwatch) This 'Chart of Doom' explains when a global recession will begin (The Business Insider) [See lead item posted here yesterday] (Economic Signs of the Times blog)

Southern European borrowing costs jump on banks, growth worries (Reuters)

CBO: [United States] Federal budget deficit, national debt to soar [Feb. 1 Editorial] (The Orange County Register)

Hillary Clinton won't rule out Wall St. Treasury Secretary (CNNMoney)

The Case for Breaking Up Too-Big-To-Fail Banks [-- "Capital is the first line of defense against bank failure"] (EconoMonitor)

Siemens to slash [more than 1,000] jobs at energy-related unit: Handelsblatt (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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