Wednesday, September 14, 2016

Wednesday roundup (09-14-2016)

Bond yields are surging despite deflation, and that is dangerous by Ambrose Evans-Pritchard (The Telegraph) [versus] The world’s safest investment just got more dangerous: Treasury bond ‘madness’ will end badly for yield-hungry investors (Marketwatch)

Eurozone Industrial Output in Big July Fall (The Associated Press)

Don’t look now: Donald Trump has all the momentum in the 2016 race [for President of the United States] (The Washington Post)

How 'Zombie' Oil Companies Stay Alive in Life-or-Death Debt Markets: 'Distressed exchanges' are on the rise and contributing to a jump in defaults, especially in the energy sector. (Bloomberg)

Moody's: Sears' and Kmart's shutdown is imminent (The Business Insider)

     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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