Friday, August 26, 2016

Friday roundup (08-26-2016)

Viktor Shvets: ‘The Private Sector Will Never Recover’: The Macquarie strategist's brutal assessment of the world economy is fascinating, but not for the faint of heart (The Epoch Times)

Japan's deflationary spiral worsens as 'Abenomics' falters: Consumer prices fell by 0.5% in July – the biggest drop for more than three years – as markets await US hints on rate rise (The Guardian)

There Are Real Reasons to Bring Back Glass-Steagall [in the United States] by Marcus Stanley, policy director for Americans for Financial Reform (The American Banker)

     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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