Tuesday, June 14, 2016

Tuesday roundup (06-14-2016)

Financial markets are begging the US, Europe, and Japan to run bigger deficits (Vox)

Brexit panic and deflation drive German Bund yields below zero by Ambrose Evans-Pritchard (The Telegraph)

'Biblical' moth influx threatens to devastate crops [in the UK] (The BBC)

[United States Sen. Bernie] Sanders declines to endorse Clinton before their meeting, as D.C. primary winds down (The Washington Post)

Hillary Clinton’s VP pick: There’s really only one choice (CNBC)

Ericsson plans to lay off thousands [= "between 3,000 and 4,000 staff"] to cut costs - newspaper (Reuters)

     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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