Sunday, June 5, 2016

Sunday roundup (06-05-2016)

Bank of England in preparations for potential Brexit [following June 23 vote]: Funding operations will ensure UK commercial banks have cash to cope with any turmoil caused by market uncertainty (The Guardian)

43% Of Federal Student Loans [In The United States] Are Not Being Repaid [MoneyTips via] (The Stamford Advocate)

     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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