Tuesday, December 29, 2015

Tuesday roundup (12-29-15)

In Russia, Recession Takes Bite Out of Holiday Feast (The Associated Press)

A dire thought: ‘Canada may never have escaped recession’ (The Globe and Mail of Toronto)

[In the United States,] Missouri and a dozen other states deal with flooding (CNN)

Which Are Death Spiral States? (Forbes)

Brazil primary budget deficit swells, debt seen climbing (Reuters)

DuPont to Cut 1,700 Delaware Jobs Before Dow Chemical Merger (Bloomberg)

     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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