Saturday, March 19, 2016

Saturday roundup (03-19-16)

Central banks are already doing the unthinkable - you just don't know it (The Telegraph)

Eurozone debt will barely fall by end of decade - Moody's (The Irish Independent)

Unease Over UK Austerity Flares as Prominent Minister Quits (The Associated Press)

Up to 13 Million Americans Are at Risk of Being Washed Away: New research highlights a threatened coastal region where attitudes capture the nuances of the climate change debate. (Bloomberg)

Tiny Vermont brings food industry to its knees on GMO labels (The Associated Press) See yesterday's post (Economic Signs of the Times blog)

     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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