Thursday, June 2, 2016

Thursday roundup (06-02-2016)

Legend Warns The Coming Crisis Will Be Totally Devastating For The World Economy And Humanity (King World News)

IMF says not recanting on neoliberalism, austerity (Agence France Presse)

ECB keeps rates steady as deflation fears ease: The European Central Bank (ECB) has left its benchmark interest rates on hold at historic lows. ECB President Mario Draghi said the central bank expects improving inflation figures and GDP growth in coming years. (Deutsche Welle)

Thousands evacuated as France declares emergency over floods (CNBC) Louvre moving some artwork as floodwaters rise in Paris (CNN)

Negative Interest Rates Forcing Japanese to Stuff Cash Under Mattresses (Fortune)

Credit Card Debt Set to Reach All-Time High In U.S. (KNWA)

     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