Sunday, July 27, 2014

Sunday roundup (07-27-14)

Eurozone Must Brace for New Shocks (The New York Times)

ECB backs Bundesbank call for higher German wages - Der Spiegel (Reuters)

The Typical [US] Household, Now Worth a Third Less (The New York Times) WEALTH DISPARITIES BEFORE AND AFTER THE GREAT RECESSION by Fabian T. Pfeffer, Sheldon Danziger, and Robert F. Schoeni, University of Michigan (Russell Sage Foundation)

My party has lost its soul: Bill Clinton, Barack Obama and the victory of Wall Street Democrats: A former Clinton aide on how Democrats lost their way chasing Wall Street cash, and new populism the party needs (Salon)

     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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