Wednesday, August 6, 2014

Wednesday roundup (08-06-14)

Embry - The Most Dangerous & Frightening Period In History (King World News)

Is Europe heading for Japanese-style deflation?: The differences, parallels and implications for markets (Columbia Management)

Italy's economy slides back into recession (Reuters)

The Italian Conundrum (The Wall Street Journal blogs)

Italy's return to recession sparks fears of eurozone slowdown (Agence France Presse) Italy Falls Back Into Recession, Raising Concern for Eurozone Economy (The New York Times) Italy Recession, German Orders Signal Euro-Area Struggle (Bloomberg)

Italy shows euro zone may never have left recession (Marketwatch)

Will Sanctions on Russia Tip the World Into Recession? (Newsweek)

U.S. National Debt Now Stands at $1.1 Million per Taxpayer (KCSG Television) U.S. debt balloons to $7 TRILLION more than it was when Obama took office [Aug. 4] (The Daily Mail)

Obamacare rates to soar by as much as 23 per cent in 2015 (The Daily Mail)

U.S. Treasury to put public pensions under scrutiny (Reuters)

Consumer Spending Still Isn't Even Close To Making A Full Recovery (The Business Insider) Americans Keep Skimping Like the Recession Never Ended (Bloomberg)

Housing Market Now Clearly Rolling Over (The Mess That Greenspan Made blog)

BofA said to be near $16 billion deal with U.S. over mortgage bonds (Reuters) AP source: BofA nears $16-$17B settlement with US (The Associated Press) ["Bank of America has paid far more in penalties for conduct involving the financial crisis than other banks." [GRAPH]] (CNNMoney)

Wall Street's Too-Big-to-Fail Banks Still Trying to Get Taxpayer Bailouts (The Huffington Post)

Tennessee Valley Authority to Cut 2,000 Jobs (The Associated Press)

     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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