Thursday, February 11, 2016

Thursday roundup (02-11-16)

Negative interest rates? Deflation risks mean they could be here to stay: Australia avoided quantitative easing thanks to Labor’s stimulus, but for other countries it has become the norm and now more rate cuts are a possibility (The Guardian)

Is the sovereign debt crisis coming back to haunt Europe?: "It is only the ECB that is holding Europe together. If the ECB was to step back you would have a massive sovereign debt crisis" (The Telegraph)

If there is another economic crash, Europe’s far right is ready for it: History should be warning enough: the left must prepare a coherent alternative to the slash and burn of austerity – and fast (The Guardian)

Sweden Cuts Rates Deeper Into Negative Territory, Says May Go Further (Bloomberg) Sweden cuts main interest rate further below zero (Marketwatch)

Spain May Ask EU to Relax Deficit Target: The country ended 2015 with a wider-than-projected fiscal deficit (The Wall Street Journal)

Global turmoil? Four things the Bank of England could still do if we were plunged back into a financial crisis (City AM)

Bank of Japan loses control as QE hits the limits: 'This could go down in the history books as the death of Abenomics' by Ambrose Evans-Pritchard (The Telegraph)

Yellen on negative rates [in the United States]: 'We wouldn't take those off the table' (CNBC)

U.S. oil bankruptcies spike 379% (CNNMoney)

University of Copenhagen to cut more than 500 jobs (Times Higher Education)

     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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