Saturday, June 18, 2016

Saturday roundup (06-18-2016)

Regardless of ‘Brexit’ Vote, Experts Say, E.U. Must Rethink Status Quo (The New York Times)

Indian central bank chief to step down in surprise move (Reuters) Raghuram Rajan's letter makes it clear – leaving the RBI wasn't his decision: The RBI governor said he was open to continuing in the role. (Scroll) Rajan shielded Indian banks from a Lehman-like crisis. And how! (The Economic Times of India)

     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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