Tuesday, August 2, 2016

Tuesday roundup (08-02-2016)

Big Spending Makes a Comeback While Austerity Starts to Fade (Bloomberg)

Satyajit Das Slams Policymaker Ignorance: "QE-Forever Cycle" Means Catastrophe Is Inevitable (ZeroHedge blog)

Spain's Prime Minister Rajoy warns of consequences of ongoing political deadlock: Spain's acting Prime Minister Mariano Rajoy warned that the country may be forced to hold a third round of elections within a year. He accused his Socialist rival of refusing to cooperate in forming a government. (Deutsche Welle)

Prices keep falling as [UK] stores get trapped in discount war (The Times of London) Retail prices still falling [in Britain] although deflation is decelerating (AOL)

     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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