Friday, September 16, 2016

Friday roundup (09-16-2016)

Elliott Management founder Singer: Low rates, radical monetary policy have not led to sustainable growth [in the United States] (CNBC)

Grocery bills noticeably cheaper (Milwaukee Journal Sentinel)

Raymond to cut 10,000 jobs in three years as robots to replace workers [in India] (FirstPost)

     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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