Tuesday, July 12, 2016

Tuesday roundup (07-12-2016)

The Debt-Deflation Theory of Great Depressions (The Big Picture blog)

Here's What Deutsche Bank's Huge Problems Mean for It and for the Global Economy: Deutsche Bank's stock has been hammered, and global banking experts have issued worrisome assessments of the bank's health. Here's what you need to know. (TheStreet)

Italy isn't the only European country with 'a systemic banking crisis' (The Business Insider)

Opting for credibility over leniency, EU presses for deficit sanctions: Europe's financial ministers have agreed to move towards unprecedented sanctions against Spain and Portugal for overshooting EU deficit limits. Both countries then immediately set out to convince the EU to reconsider. (DeutscheWelle)

Japan’s Abe Tells Bernanke He Wants to Speed Up End of Deflation (Bloomberg)

[In the United States,] Bernie Sanders Endorses Hillary Clinton at New Hampshire Rally (NBCNews)

Will 'Too Big to Fail' Ever Go Away? It Hasn't Yet.: The government's classification is a reminder of what led to the Great Recession. (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.

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