Wednesday, June 28, 2017

Wednesday roundup (06-28-2017)

The split between doves and hawks in the Bank of England is intensifying (The Business Insider)

We [in Ireland] must cut dangerous debt levels to lessen risk of crisis (The Irish Independent)

China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks (CNBC)

[In the United States,] McConnell is trying to revise the Senate health-care bill by Friday (The Washington Post) McConnell is known as a deal-closer, but he’s never done policy this big (The Washington Post)

Technology is the hidden driver of low inflation: BlackRock’s Rieder (CNBC)

[The decision by Google to destroy the format of their news pages and to make them virtually unreadable has depressed me immeasurably and is having a severe impact on the production of this blog. I am unsure what to do.] (Google blogs)

     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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