Wednesday, October 5, 2016

Wednesday roundup (10-05-2016)

Quote of the Day:

"In terms of the average pace of GDP growth, this is the slowest expansion on record." -- Lakshman Achuthan, co-founder of the Economic Cycle Research Institute (CNNMoney)

Global Inflation Falls to Seven-Year Low: Big drops in the largest and most populous developing economies, particularly China and India (The Wall Street Journal)

Global debt hits all-time high of $152 trillion as IMF warns of world-wide economic stagnation (The Telegraph)

Forget too-big-to-fail, new concern is that many banks are too-weak-to-survive: Firms with over $11 trillion in assets would remain troubled even if interest rates rise, IMF says in new report (Marketwatch)

Euro zone business growth at 21-month low in September (Reuters)

Deutsche Bank Brings Too-Big-to-Fail Quandary Home to Merkel (Bloomberg) How Deutsche Bank Could Trigger a Global Financial Crisis (etfDailyNews)

Keiser Report: Haters or Losers (E974) [interview with Christopher Whalen] (Youtube)

Cypress Semiconductor to cut 8% of workforce [= about 500 jobs] (Marketwatch)

     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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