Thursday, March 3, 2016

Thursday roundup (03-03-16)

Negative Rates Strain Financial System (Bloomberg)

Services sector slowdown [in the UK] prompts speculation of more Bank of England stimulus: Markit/CIPS survey snapshot of the sector described as 'exceptionally weak' (The Independent) Struggling services growth could force an interest rate cut from Bank of England (The Evening Standard)

It's Official: Canada Has Sold All Of Its Gold Reserves (ZeroHedge blog)

Brazilian economy's steep slide raises specter of depression (Reuters)

Broadcom to cut 1,900 jobs globally (Reuters)

     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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