Wednesday, October 26, 2016

Wednesday roundup (10-26-2016)

Swiss cenbank could cut [its negative interest] rates more if needed - SNB's Jordan (Reuters)

China capital flight flashes warning as authorities forced to prick property bubble by Ambrose Evans-Pritchard (The Telegraph)

China's Banks Are Running Out of Ways to Keep Profits Growing (Bloomberg)

Growth in [UK] debt fastest since the crash: Record low interest rates fuelling biggest credit binge in a decade (The Daily Mail) More than six million UK families struggle to survive after losing their jobs as they are on brink of debt and lack savings: Research found half of all UK households would be unable to pay the bills if they lost they unexpectedly lost their job (The Sun)

Trump calls for '21st century' Glass-Steagall banking law [in the United States] (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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