Thursday, October 27, 2016

Thursday roundup (10-27-2016)

Carmen Reinhart on Debt and the Global Economy (Youtube)



Negative-Yielding Debt [more than three-quarters of it has been issued by Japan, Germany, and France] (The Big Picture blog)

Eurozone lending up, but ECB may not be satisfied (Marketwatch)

China's slowing industrial profits show rising debt hampering economy (Reuters)

What a Hillary Clinton Presidency Means for Your Financial Future [in the United States]: Hint: It’s not looking good. by Nomi Prins (The Nation)

Inside the Trump Bunker, With 12 Days to Go: Win or lose, the Republican candidate and his inner circle have built a direct marketing operation that could power a TV network—or finish off the GOP. (Bloomberg)

Schools across the country are opting to cancel classes on Election Day: Polarizing campaign raises fear of violence at polling stations (Marketwatch)

Airbus Helicopters says plans to cut 582 jobs in restructuring (Reuters)

     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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