Wednesday, September 7, 2016

Wednesday roundup (09-07-2016)

Central Banks Around the Word are Dovish (The Big Picture blog)

Will the next [United States] president face a full-blown eurozone crisis? (The Hill blogs)

Banks’ Bad Loans Declared Systemic Challenge for European Banks (Bloomberg) ECB to unveil guidelines for banks to work down bad debt: Nouy (Reuters)

ECB is set to extend QE well into next year as it struggles to kickstart inflation (CNBC)

China’s Big Debt Worries George Soros. Should It Worry You? (The New York Times blogs)

Tens of Thousands of Jobs Go as China’s Biggest Banks Cut Costs (Bloomberg)

US recession jitters stoke fears of impotent Fed and fiscal paralysis by Ambrose Evans-Pritchard (The Telegraph)

"It's Worse Than The Great Depression" - One In Six Prime-Aged Men Has No Job (ZeroHedge blog)

     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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