Sunday, February 28, 2016

Sunday roundup (02-28-16)

ECB's Villeroy Sees Deflation as Preeminent Danger for Euro Area (Bloomberg)

[Former Bank of England Governor] Mervyn King: the eurozone is doomed (The Telegraph)

Mervyn King: new financial crisis is 'certain' without reform of banks: The former Bank of England governor says in his new book that imbalances in the global economy makes a crash inevitable (The Guardian)

Vampire Attack: Debt-Laden Companies Imperil China's Growth (The Associated Press)

The case against Hillary Clinton: This is the disaster Democrats must avoid: She's not the candidate of economic fairness, peace or a genuine progressive agenda. She's also not more electable (Salon) Hillary Clinton is not the progressive she claims to be: Bernie Sanders is too much of a gentleman to tell the truth about his rival for the Democratic presidential nomination (The Star of Toronto)

     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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