Friday, September 2, 2016

Friday roundup (09-02-2016)

UBS: We are witnessing the end of the credit cycle, and a crash is coming (The Business Insider)

Preventing deflation is central task, ECB's Nowotny says (Reuters)

Italy says determined to cut debt despite growth setback (Reuters)

Third Election Looms for Spain as Rajoy Loses in Confidence Vote (Bloomberg)

Slower U.S. payrolls growth dims September Fed rate hike prospects (Reuters) U.S. economy may need much higher interest rates: Fed's Lacker (Reuters)

Brazil’s Petrobras Says 11,704 Employees Accept Voluntary Layoff: The state-run [oil] company is cutting costs amid lower oil prices and a corruption scandal (The Wall Street Journal)

     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