Monday, August 1, 2016

Monday roundup (08-01-2016)

Debt is holding back the global economic recovery, say central bankers Dudley, Rajan and Zeti (CNBC)

'Lop-sided' euro zone factory growth slowed in July: PMI (Reuters)

Construction spending [in the United States] falls to one-year low in June (Reuters)

Kennametal to cut 1,000 jobs, cut global costs [The Wall Street Journal via] (Marketwatch)

     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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