Tuesday, June 28, 2016

Tuesday roundup (06-28-2016)

Volkswagen agrees to record $14.7 billion settlement over emissions cheating (CNNMoney)

U.K. Rating Cut Two Levels by S&P, One by Fitch After Brexit (Bloomberg)

Dow Chemical to cut 2,500 jobs as part of Dow Corning deal (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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