Saturday, February 7, 2015

Saturday roundup (02-08-15)

Global debt pushing Eurozone to ruin (The Scotsman)

[In Italy,] Finmeccanica poised to cut 3,000 jobs over two years-update: CEO tells Financial Times goal is to boost growth (Gazzetta del Sud)

Unofficial Problem Bank list [in the United States] declines to 387 Institutions (Calculated Risk blog)

     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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