Wednesday, June 1, 2016

Wednesday roundup (06-01-2016)

Brazil crisis: Economy spirals deeper into recession (Bloomberg)

Munich Re unit to dismiss 1,800 workers in restructuring (Businesss Insurance)

LSE and Deutsche Boerse set to cut 1,250 jobs to save costs after merger (The Telegraph)

     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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