Tuesday, May 31, 2016

Tuesday roundup (05-31-2016)

Eurozone stuck in deflation for fourth straight month (The Telegraph)

EU gives budget leeway to France "because it is France" - Juncker (Reuters)

Bank of Italy chief warns Italy's debt may not fall this year (Reuters)

Chart shows China’s debt bubble bigger than subprime bubble: ‘Unproductive’ debt up sharply since 2009: Deutsche Bank (Marketwatch)

Austin Reed to cut 1,000 jobs after administrators fail to find buyer: [UK] Tailoring brand will close 120 outlets as Edinburgh Woollen Mill owner Philip Day opts to buy the brands but only five concessions (The Guardian)

     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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