Monday, April 18, 2016

Monday roundup (04-18-16)

QUOTE OF THE DAY: "Negative interest rates are fueling deflation." -- Martin Armstrong, head of Armstrong Economics (Armstrong Economics blog)

Time to face the piper by Judd Gregg (The Hill)

Britain 'set for BANKRUPTCY amid £1.85trillion of hidden debt': FUTURE generations will inherit a bankrupt country, as the Government hides a staggering £1.85trillion of debt, a think tank has warned. (The Express)

A plodding [United States] dollar: The recent decrease in the velocity of money (The Big Picture blog)

How Lobbying by Tax Preparers Helps Keep Tax Day Complicated: Companies like H&R Block and Intuit are big spenders in Washington — and they're not trying to make our tax returns easier. (Moyers & Company blog)

Centrica [owner of British Gas] to slash 3,000 jobs this year as customer numbers fall and CEO faces investor backlash at AGM (The Telegraph)

     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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