Wednesday, March 30, 2016

Wednesday roundup (03-30-16)

Flood of Central Bank Moves Can't Lift World Out of Rut (Bloomberg)

Eurozone Economic Confidence Falls to 13-Month Low (The Associated Press)

Euro zone 'flying on one engine': S&P (CNBC)

The U.S. Economy Has Stalled, Again (The Fiscal Times)

Americans are spending more, but earning less (CNNMoney)

U.S. judge strikes down MetLife designation of 'too big to fail' (Reuters) Metlife’s escape of ‘too big to fail’ label is defeat for Obama administration (The Washington Post)

Brazil's Budget Deficit Swells to Record as Economy Shrinks (Bloomberg)

Boeing plans to cut up to 8,000 airplane jobs: sources (Reuters)

State Street Corp. eyes 7,000 layoffs by 2020 (The Boston Globe)

BP to cut hundreds of jobs in Houston [= at least 500] (The Houston Business Journal)

     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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