Friday, June 10, 2016

Friday roundup (06-10-2016)

Bill Gross: $10 trillion negative yield 'supernova' will 'explode' (CNBC)

ECB may need to ease more if inflation stalls: OECD (Reuters)

Eurozone banks hit by bad debts: Investment in the eurozone remains far below pre-crisis levels, partly due to problems in the banks, the Organisation for Economic Co-operation and Development (OECD) has said. (The BBC)

Americans’ Total Wealth Hits Record, According to Federal Reserve Report: Boost to wealth driven by increase in residential real-estate values around the U.S. (The Wall Street Journal) [And yet ...] 76 million Americans are struggling financially or just getting by (CNNMoney)

Warren Endorses Clinton, Saying She’ll ‘Get Into This Fight’ (Bloomberg)

Brazil to cut over 4,000 jobs in effort to cut spending (Reuters)

Lufthansa's cargo unit to cut 700-800 jobs worldwide (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.

No comments:

Post a Comment