Thursday, August 25, 2016

Thursday roundup (08-25-2016)

Real World Shows Economics Has a Deflation Problem (Bloomberg)

The head of Germany’s largest bank says negative rates are ‘fatal’: Cryan says negative interest-rate policy could have ‘fatal consequences’ (Marketwatch)

Here Are the Signs That Deutsche Bank Is in Big Trouble: Investors should worry when government ministers and executives insist everything is OK. (TheStreet)

Italy Quake Seen Affecting Economic Confidence as Growth Stalled (Bloomberg) Italy quake toll hits 250 as rescuers search flattened towns (Reuters)

Japan remains entrenched in deflation as core inflation falls to a 3-year low (The Business Insider)

[In the United States,] States face a $1 trillion pension shortfall (CNNMoney)

     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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