Wednesday, March 23, 2016

Wednesday roundup (03-23-16)

German government advisers trim economic growth forecast (The Associated Press)

U.S. Treasury chief: all Puerto Rico debt needs restructuring (Reuters)

In One Year The US Mining Industry Lost More Money Than It Made In The Prior Eight (ZeroHedge blog)

Primary results: Front-runners score key Western victories (CNN)

Layoffs loom large as Connecticut lawmakers join in call for concessions (New Haven Register)

Credit Suisse to slash another 2,000 jobs (The Telegraph)

     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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