Sunday, November 29, 2015

Sunday roundup (11-29-15)

Greek central bank chief says need political consensus to end debt crisis (Reuters)

Australia's budget deficit to blow out by additional $38bn by 2019, report finds: Deloitte Access Economics report calls for spending cuts and says the worsening bottom line is ‘90%’ the fault of the Chinese economy, but partly also down to the Senate (The Guardian)

GOP in panic over Trump (The Hill)

     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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