Thursday, January 12, 2017

Thursday roundup (01-12-2017)

ECB extended QE with political shocks in mind (Marketwatch) Euro zone economic recovery seen on shaky ground ahead of elections: Reuters poll (Reuters)

'Positive momentum' in Greek debt talks but no clear agreement in sight (Reuters)

Euro zone finance ministers to discuss legality of Monte Paschi rescue - source (Reuters)

[In the United States, President-elect Donald] Trump’s Corporate Cabinet: Trump's Cabinet of billionaires, business moguls and entertainment personalities brings a new look to who runs our government. [The Huffington Post via] (Moyers & Company blog)

Most Americans are one medical emergency away from financial disaster: As income stagnates, people are struggling to put money aside (Marketwatch)

1930s-Like Demographic Headwinds Are Restraining the U.S. Economy: Echoes of the Great Depression. (Bloomberg)

U.S. Puts Bumblebee On The Endangered Species List For 1st Time (National Public Radio)

Lowe’s plans thousands of layoffs, will shift many workers’ duties: Employee reorganization comes after lower profit outlook [The Wall Street Journal via] (Marketwatch)

Aker Solutions to make up to 650 job losses in UK, Norway and India (EnergyVoice)

Boeing S.C. to offer voluntary layoffs to 600 (Charleston Regional Business Journal)

     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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