Wednesday, June 15, 2016

Wednesday roundup (06-15-2016)

Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years (Marketwatch)

A Lost Decade? We Should Be So Lucky by Satyajit Das (BloombergView)

Bank of America to cut up to 8,000 jobs at its retail banking arm: FT (Marketwatch)

Wal-Mart to Eliminate 1,500 Back-Office Jobs at US Stores (The Associated Press)

     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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