Tuesday, April 12, 2016

Tuesday roundup (04-12-16)

IMF cuts global growth outlook again, warns of political risks (Reuters) Fears of global slowdown as Japan is latest to stutter with debt now estimated at around 250% of the country's income (This is Money) There's no room for mistakes if the global economy is in as much trouble as the IMF thinks (The Telegraph)

IMF says Greek debt 'highly unsustainable', debt relief 'essential' - draft memorandum (Reuters)

Italy's Bank Plan Should Be Given Benefit Of The Doubt But Drastic Overhaul Still Needed (Forbes)

China to post worst quarterly growth in 7 years (CNNMoney)

Bernanke's Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned" (ZeroHedge blog)

Nomura to slash up to 1,000 jobs in US, Europe (Nikkei Asian Review)

UC-Berkeley to cut 500 positions in next two years (The Washington Post)

     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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