Saturday, October 31, 2015

Saturday roundup (10-31-15)

Greek banking system needs €14.4bn after ECB finds capital black hole: European Central Bank finds shortfall in country's four biggest banks to be plugged before the end of the year (The Telegraph)

Irish central bank governor warns government over growth, spending (Reuters)

[The United States] Congress OKs bipartisan budget deal, but road ahead not easy (The Associated Press)

US consumer spending records weakest gain in 8 months (The Associated Press) Weak U.S. data clouds December rate hike possibility (Reuters)

October 2015: Unofficial Problem Bank list declines to 264 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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