Thursday, August 11, 2016

Thursday roundup (08-11-2016)

Euro zone economy outlook tepid, ECB near its limit: Reuters poll (Reuters) IMF analysts urge ECB to focus on QE rather than negative rates: U.K. gilt yields slip below zero (Marketwatch)

German economy expected to slow down in second quarter (CNBC)

Negative Rates for the People Arrive as German Bank Gives In (Bloomberg)

You May Be Broke and Not Know It: One in seven U.S. households has a negative net worth, as student loans and credit cards plunge a diverse group of people—including those with good jobs—into the red. (Bloomberg)

     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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