Monday, August 15, 2016

Monday roundup (08-15-2016)

U.S. Said to Uncover Evidence of Criminal Acts in [German carmaker] VW Probe: Justice Department hasn’t decided on specific charges; settlement talks under way with car maker (The Wall Street Journal)

GREEK NIGHTMARE: Athens' crippled economy could DESTROY the Eurozone and SPARK GREXIT: GREECE'S troubled economy remains crippled with its citizens paying the price - one year on from the financial meltdown which pushed the eurozone to the brink. (The Express)

Auto Lending: Last Week Tonight with John Oliver (HBO) [some vulgar language] (Youtube)

     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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