Friday, November 18, 2016

Friday roundup (11-18-2016)

Eurozone Recovery Remains Reliant on ECB Stimulus, Says Mario Draghi: President sends strong signal that the bank is likely to extend its easy-money policies next month (The Wall Street Journal)

Bank sector regulation should not be rolled back: Draghi (Reuters)

The Guardian view on India’s demonetisation: Modi has brought havoc to India (The Guardian) India's Rs 500 And 1,000 Demonetization Is Lowering Interest Rates And Also Inflation (Forbes) What India Did — Other Countries Will Do — BEWARE by Martin Armstrong (Armstrong Economics blog)

[United States President-Elect Donald] Trump’s National Security Choices Reinforce His Unapologetic Views on Terrorism (The New York Times)

Walmart has another bad quarter, thanks to food deflation (The New York Post)

Volkswagen to cut 30,000 jobs (Reuters) Volkswagen axes 30,000 jobs as it bids to recover from emissions cheating scandal: Car maker is grappling with huge car industry changes and a $15bn fine over Dieselgate (The Independent)

     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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