Thursday, February 18, 2016

Thursday roundup (02-18-16)

'Puzzled' OECD Cuts Global Growth Projection for 2016: Estimates were revised lower Thursday as reality continues to diverge from economic theory. (U. S. News & World Report)

ECB expected to take further action to boost eurozone economy: Minutes of ECB governing council meeting indicate bank’s readiness to cut credit costs further to improve bank lending (The Guardian)

European Union Struggling With How to Keep Britain in the Fold (The New York Times) How the ‘Brexit’ Summit Will Unfold and Why You Should Care: Q&A (Bloomberg)

How mounting job cuts could threaten UK's economic recovery: Tens of thousands of workers are being laid off in key sectors, prompting fears of a ripple effect through the British economy (The Guardian)

Global downturn spurred Fed to consider changing rate path: minutes (Reuters)

Analysis Finds Structurally Deficient Bridges [in the United States] 'Need to Be Fixed' ASAP (ABCNews)

     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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