Sunday, September 21, 2014

Sunday roundup (09-21-14)

Global Finance Chiefs Said to Warn of Growing Economic Risks (Bloomberg)

Europe Needs More Fiscal Stimulus, Canada’s Oliver Says (Bloomberg)

Italy debt burden is a problem for us all: We need extreme and co-ordinated policy to make it possible for Italy to ultimately stay in the eurozone (The Financial Times) Italy says inefficiency delays public sector debt repayments (Reuters) The solution to Italy’s woes is quite simple – leave the euro: Unless something big starts to change soon, Italy is on course for the mother and father of a sovereign default (The Telegraph)

Ukraine Is On The Brink Of Total Economic Collapse (The Business Insider)

     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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