Sunday, May 29, 2016

Sunday roundup (05-29-2016)

Shell’s job losses now equal Facebook’s entire payroll (USAToday)

Don’t listen to the ruling elite: the world economy is in real trouble: Andy Xie says those attending the G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability (South China Morning Post)

France and Italy could be the next European economies to crash: Denied the option of devaluation, both countries have relied on debt-funded public spending to maintain economic activity and living standards. The people and their representatives refuse to face reality by Satyajit Das (The Independent)

Why France must accept reform or face disaster (The Telegraph)

Here's Why All Pension Funds Are Doomed, Doomed, Doomed by Charles Hugh Smith (of two minds blog)

     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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