Tuesday, February 23, 2016

Tuesday roundup (02-23-16)

Is the sovereign debt crisis coming back to haunt Europe[?] (The Telegraph)

Carney: Bank of England could cut interest rates to zero, but not below: Bank governor dismisses setting negative interest rates even in the event of an economic downturn (The Guardian)

Bank of England poised to act if household debt spirals (The Telegraph)

[Canada Prime Minister] Trudeau Drops Campaign Promises and Goes All In With Deficits (Bloomberg)

[In the United States,] Donald Trump is on course to win the 1,237 delegates he needs to be the GOP nominee (The Washington Post) President Donald J. Trump—It Could Happen: His promise to protect jobs and change trade policies could win over blue-collar workers, especially in the industrialized swing states. (The Nation) Why I'm more worried about Marco Rubio than Donald Trump (Vox)

Bernie Sanders will take it all the way to the convention. Here’s why. (The Washington Post blogs)

Bank Whistleblowers United to Issue Corporate Crime Challenge To Presidential Candidates (Corporate Crime Reporter)

Fife Council [in UK] to cut up to 2000 jobs (Fife Today)

     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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