Thursday, December 24, 2015

Thursday roundup (12-24-15)

Can Spain weather its post-election political transtion? (The Washington Post)

Debt splurge: UK households, shoppers and big firms are borrowing more: Credit card lending surges as Britain's consumer-led recovery gathers steam (The Telegraph)

Puerto Rico edges back towards default precipice (Reuters) Puerto Rico needs debt restructuring authority: U.S. Treasury Secretary (Reuters) Expecting Bailout, Puerto Rico Pays $120 Million in Christmas Bonuses (Breitbart)

     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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