Monday, May 16, 2016

Monday roundup (05-16-2016)

OPEC signals greater oil glut in 2016 as its output surges (Reuters)

Greek parliament to vote on bailout reforms on Sunday (Reuters)

China Slowdown Shows Debt Addiction Will Be Tough to Shake (Bloomberg)

China’s debt bubble is getting only more dangerous (The Washington Post blogs)

The map is tough for any Republican. It's completely daunting for Donald Trump. (The Washington Post)

Memo to Hillary: Do Not Put Bill in Charge of the Economy (Time)

Ghost of Andrew Jackson Looms Over Too-Big-to-Fail Banks: A speaker at a Fed event partly defends the controversial former President's legacy. (The Wall Street Journal blogs)

HSBC axes 840 IT jobs in Britain in first big wave of planned cuts (Reuters)

Chevron Thailand to cut 800 jobs under $500 million cost-savings plan (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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