Sunday, July 17, 2016

Sunday roundup (07-17-2016)

Debt is a 'financially-enhanced drug' (The Business Insider)

Diesel Emissions: EU Commission Has Known for Years about Manipluation: The European Commission insists that it knew nothing about diesel emissions manipulations perpetrated by Volkswagen and other automobile manufacturers. Documents obtained by SPIEGEL ONLINE show otherwise. (Spiegel Online)

The chief economist of the Bank of England said too few people are benefiting from the economic recovery (The Business Insider)

Japan flirts with helicopter money (The Financial Times)

Georgia Power announces [about 570] layoffs, opening new payment locations across state (WTVM)

     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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