Friday, April 1, 2016

Friday roundup (04-01-16)

10 demographic trends that are shaping the U.S. and the world (Pew Research Center)

Euro zone factory growth stays weak in March despite deep discounting: PMI (Reuters)

UK manufacturers cut jobs and prices amid economic slowdown: Respected Markit/CIPS survey suggests sector recorded one of its weakest performances for three years as exports market toughens (The Guardian)

Families in worse shape as income lags since recession, study says (The Chicago Tribune)

Thousands Could Lose Food Stamps as States Restore Pre-Recession Requirements (The New York Times)

Brazil's largest oil company Petrobras to slash 12,000 jobs (Xinhua)

     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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