Thursday, March 17, 2016

Thursday roundup (03-17-16)

Next Financial Crisis Could Overwhelm World's Defenses, IMF Says (Bloomberg)

Eurozone deflation ruins quantitative easing's first birthday (CityAM)

IMF warns high debt, bad loans and unemployment still pose risk [for Ireland] (The Irish Independent)

More than 8m UK adults have ‘problem debt’: Figures from the Money Advice Service show younger adults, larger families, single parents and renters particularly at risk (The Guardian)

To defend our [United States] democracy against Trump, the GOP must aim for a brokered convention [Editorial] (The Washington Post)

McKesson Falls After Saying It Will Cut 1,600 Jobs in U.S. (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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