Monday, March 14, 2016

Monday roundup (03-14-16)

Global recession risk rises to 30pc this year, warn Morgan Stanley (The Telegraph)

Shipping rates hit new lows on excess supply (CNBC)

Obama to visit UK, warn on 'Brexit': Report (CNBC)

Saudi Arabia orders 5 percent cut in contract spending (Reuters)

Bank of Japan in a bind after negative-rates backfire: Policy makers could steal page from Draghi's ECB (Marketwatch) Souring mood, global headwinds keep Bank of Japan on edge as it debates policy (Reuters) Mario Draghi's Lesson for Kuroda: Loose Lips Sink Policy Ships (Bloomberg)

Layoff Warning Notices Sent To 45,700 State Of Connecticut Workers (Fairfield Daily Voice)

Avon Plans to Move Headquarters to U.K. and Cut 2,500 Jobs (Bloomberg)

FNB to cut 600 jobs, close branches: FNB plans to close branches and cut jobs in South Africa, with roughly 600 positions affected. (mybroadband)

Dish Network to cut 550 jobs in Alvin (The Houston Chronicle)

     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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