Saturday, July 16, 2016

Saturday roundup (07-16-2016)

The diversity of life across much of Earth has plunged below ‘safe’ levels (The Washington Post)

Italy hires JP Morgan to hammer out €50bn bad bank bailout plan (The Telegraph)

Why Italy's banking crisis will shake the eurozone to its core (The Telegraph)

Turkey rounds up plot suspects after thwarting coup against Erdogan (Reuters) US-Turkish tensions rise after failed coup attempt (US News & World Report)

     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.

No comments:

Post a Comment