Monday, June 13, 2016

Monday roundup (06-13-2016)

Greek central bank chief brands bail-out targets 'socially unattainable' (The Telegraph)

Fitch warns Japan ratings downgrade possible after tax hike delay (Reuters)

El Niño Is Dead And California Could Be “In A Drought Forever”: Forecasters say El Niño is now officially over and there’s a 75% chance of a La Niña forming. But “the real story is the Godzilla drought,” a NASA climatologist said. (BuzzFeed)

     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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