Saturday, July 9, 2016

Saturday roundup (07-09-2016)

Another financial crisis? Soaring global debt since 2008 raises risk as world economy sputters (The Los Angeles Times)

Bank of England poised to slash interest rates to shore up economy (The Telegraph)

26 Million Americans Are Now "Too Poor To Shop" Study Finds (ZeroHedge blog)

Cuban economy minister details dire austerity measures (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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