Sunday, May 15, 2016

Sunday roundup (05-15-2016)

Household debt binge could compound [any future UK] downturn, warns [Bank of England Governor Mark] Carney (The Telegraph)

American Capitalism’s Great Crisis: How Wall Street is choking our economy and how to fix it (Time)

For The American Farmer "It's Death By A 1,000 Knives”- US Farmland Values Plunge Most In 30 Years (ZeroHedge 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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