Sunday, November 1, 2015

Sunday roundup (11-01-15)

Eurozone banks still swamped with bad loans: British and American banks have acted fast to clean up their balance sheets, but European lenders are still weighed down with loans which are not being paid off (The Telegraph)

[In the United States,] The Congressional GOP is destroying itself: Why its reliance on extremists is slowly poisoning it to death: A new poll reveals how the Tea Party that helped it take Congress is now sullying whatever remains of its luster (Salon)

     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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