Friday, April 15, 2016

Friday roundup (04-15-16)

IMF Says Greek Debt Numbers Don't Add Up as EU Defends Its Plan (Bloomberg) IMF could back away from Greek bailout if debt deal is not agreed (The Telegraph)

Household debt binge hits pre-crisis levels as Britons go mad for new cars and cheap loans, Bank of England warns (This is Money)

Chinese economy shows signs of debt-fueled recovery (Reuters) China's economy grows at weakest pace in seven years (The Telegraph) As China’s Growth Slows, Banks Feel the Strain of Bad Debt (The New York Times)

Intel plans to cut thousands of jobs: report (Reuters)

     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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