Monday, February 22, 2016

Monday roundup (02-22-16)

The World's Debt Is Alarmingly High. But Is It Contagious?: Welcome back to a familiar anxiety: global debt contagion. (Bloomberg)

Why According To One Bank, Massive Central Bank Intervention Is Imminent (ZeroHedge blog)

Trouble ahead? Euro zone business activity declines further (CNBC)

Japan February flash manufacturing PMI shows growth slowing sharply as export orders shrink (Reuters)

Global clouds darken U.S. economic outlook (CBSMoneywatch)

     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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