Saturday, June 4, 2016

Saturday roundup (06-04-2016)

Euro zone factory growth remained tepid in May - PMI (Reuters)

Italy and France are urging caution over bank capital: minister (Reuters)

Italy economy minister says public debt will start falling this yr (Reuters)

Former McDonald's CEO: [In the United States,] We're in a small-business recession (CNBC)

PENSION PARALYSIS: Center City businessman and philanthropist Richard Vague continues to challenge economic orthodoxy. Now he’s got pensions in his sights—and, yes, it is a crisis (The Philadelphia Citizen)

     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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