Tuesday, November 8, 2016

Tuesday roundup (11-08-2016)

The Road to Ruin by James Rickards - Book Summary (Youtube)

Debt: Use It Wisely [The International Monetary Fund via] (The Big Picture blog)

Italy row with Brussels escalates, PM lashes 'diktats' (Agence France Presse) ‘Italy must obey’ Juncker threatens Italian PM as he scrambles to hold failing EU together: BRUSSELS bigwigs have warned Italy to respect pacts with the eurozone after the nation’s Prime Minister chose to support earthquake sufferers instead of balancing its books under EU regulations. (The Express)

Portugal still has work to do to boost our credit ratings: Economy minister (CNBC)

There's a £1.5 trillion reason why [Bank of England governor] Mark Carney cannot raise interest rates any time soon (The Business Insider)

Bank of England sets new rules to end bank bailouts (Reuters)

In Surprise Move, India Voids 500 And 1,000 Rupee Bills To Fight Corruption (National Public Radio)

Fed’s Evans says not confident U.S. central bank will hit its 2% target: Chicago Fed President Evans says December interest rate hike looks reasonable (Marketwatch)

Fate of 'too big to fail' rule and Sen Warren's consumer watchdog riding on Senate outcome (CNBC)

Elizabeth Warren Isn't the Only Risk to Bankers in a Democratic Senate: Sherrod Brown would take the helm of the Banking Committee if Democrats retake the Senate, a real possibility that poses a high risk to the biggest U.S. financial institutions. (TheStreet)

UK cheque clearing firm iPSL to cut jobs; union says 600 at risk (Reuters)

Why You Should Care About ‘Big Ag’ Companies Getting Bigger (Flatland blog)

     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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