Tuesday, October 4, 2016

Tuesday roundup (10-04-2016)

IMF cuts forecast for U.S., advanced economies (USAToday)

Eurozone Producer Prices Fall in August: Fall suggests inflationary pressures remain weak (The Wall Street Journal) Disappointing Eurozone Producer Prices Underline ECB's Inflation Challenge: August producer prices slip more than expected, with energy prices leading the decline. (TheStreet)

EU appeals to Greece to meet bailout conditions by Monday (The Associated Press) EU Commission would like Greek debt deal by year-end (Reuters) FinMin sees dire consequences if there is no debt deal by year-end (eKathimerini)

Deflation sticking around grocery, headed to restaurants [in the United States] (SupermarketNews)

Ericsson to Cut 3,000 Jobs in Sweden as Network Demand Wanes [-- rumor posted here yesterday indicated 4,000 job losses were possible] (Bloomberg)

     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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