Sunday, February 7, 2016

Sunday roundup (02-7-16)

The Chart of Doom: When Private Credit Stops Expanding... by Charles Hugh Smith (of two minds blog)

German, French central bankers call for euro zone finance ministry (Reuters)

Volkswagen to offer generous compensation for U.S. customers - fund head (Reuters)

China's economy: slowing distorted and debt-addicted (RBS Economics)

Capital flight, not debt, could shock China's economy: BTIM's Gor warns (The Sydney Morning Herald)

Starting 2016 With A Bang [in the United States]: Challenger Reports Highest January Layoffs Since 2009 [Feb. 4] (ZeroHedge blog)

Is Democracy Broken? (The Brennan Center for Justice) Election Spending 2014: Outside Spending in Senate Races Since Citizens United (The Brennan Center for Justice)

Lloyd Blankfein charges for investment advice — but his political wisdom is free by Matt Taibi (Rolling Stone) Election 2016: Elizabeth Warren Defends Bernie Sanders From Goldman Sachs Criticism (International Business Times) The Vampire Squid Tells Us How to Vote Insiders: Bernie scored in debate with Wall Street slams: But 2 out of 3 Democrats in the POLITICO Caucus think Sanders would suffer a landslide defeat as party nominee. (Politico)

     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.

No comments:

Post a Comment