Thursday, May 19, 2016

Thursday roundup (05-19-2016)

The real problem with negative interest rates? They are a stealth tax: Someone has to pay for negative rates, either banks, borrowers or depositors (Marketwatch)

Portugal banks have to offload bad loans, assets, need EU waiver (Reuters)

It's Official. Bank of England Speeches Are Actually Impenetrable (Bloomberg)

[In the United States] A Former Banker’s Push to End ‘Too Big to Fail’ (The New York Times)

KCTCS cuts 500 faculty, staff positions (The Lexington Herald-Leader)

     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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