Tuesday, January 5, 2016

Tuesday roundup (01-05-16)

Why Too Big to Fail Isn’t Over in Europe: New resolution regime for European banks doesn’t solve all problems just yet (The Wall Street Journal)

[German automaker] VW faces billions in fines as U.S. sues for environmental violations (Reuters) Republicans Propose Volkswagen Bailout Right After the U.S. Government Sues Over Emissions Lies (Gawker)

Don't bet against deflation's return [to Britain]: Indebted households without asset wealth are particularly vulnerable to deflationary dynamics - and the UK has a lot of them (The Guardian)

Consumer borrowing [in the UK] rises at fastest rate since before the financial crisis: Economists warn that the scale of consumer borrowing is "reminiscent of the credit-fuelled era of the mid 2000s" as it rises at fastest rate for nearly a decade (The Telegraph) Consumer debt climbing out of control, charities warn: Official figures show we borrowed more before Christmas than in any month for seven years (The Independent)

"It's Coming To A Head In 2016" - Why Bank of America Thinks The Probability Of A Chinese Crisis Is 100% (Zero Hedge blog)

[In the United States,] Shrinking corporate margins raise recession concerns (USAToday)

Sanders Vowing to Break up Banks During First Year in Office (The Associated Press) Clinton and Summers are wrong on Sanders's Glass-Steagall proposal (The Hill blogs)

[Evangelist] Franklin Graham Launches 50 State ‘Decision America 2016’ Tour in Iowa (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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