Tuesday, August 26, 2014

Tuesday roundup (08-26-14)

Is Europe's Central Bank Finally Getting Worried About Deflation? (Mother Jones)

New French Cabinet Ousts Prominent Leftists (The New York Times) Ex-banker replaces rebel minister in French cabinet shake-up (Reuters)

Italy not alone in failing to recognise its competitiveness problem: Political leaders are avoiding discussing Europe's underlying loss of competitiveness because it can't be solved by talking [Project Syndicate via] (The Guardian)

Russian Economy Nears Recession Amid Ukraine Sanctions (Agence France Presse)

[In the UK] 'We have educated our youth into debt’: Mr Money Saving Expert, Martin Lewis, has finally got financial numeracy put on the school curriculum (The Telegraph)

Have taxes your way: Why Burger King wants to become a Canadian citizen (The Washington Post 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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