Monday, August 22, 2016

Monday roundup (08-22-2016)

'Nobody believes in anything anymore': Why Greece's economic crisis is not over (CNBC)

Italexit: Is the Eurozone’s Third Largest Member on the Way Out? (The Fiscal Times) FINANCIAL WARNING: Italy will CRASH the eurozone if nation can’t take on more debt: ITALY's financial crisis could bring down the entire eurozone unless the nation’s crumbling economy is allowed to rack up more debt. (The Express)

More than 1.5 million UK households in extreme debt, says TUC report: Britain in the Red study finds that people are struggling to make repayments as wages have fallen since financial crisis (The Guardian)

China caught in 'dead money' trap as central bank pleads for fiscal stimulus by Ambrose Evans-Pritchard (The Telegraph)

$1.3 trillion in student loan debt is crippling retail sales growth [in the United States] (CNBC)

New Emails Show Top Clinton Aide Huma Abedin Setting Up Meetings with Major Foundation Donors (Breitbart) Emails reveal how foundation donors got access to Clinton and her close aides at State Dept. (The Washington Post) Clinton Foundation executive left 148 phone messages for Hillary Clinton's top aide (FoxNews)

Busting The Banksters—-The Case For Super Glass-Steagall, Part 1 by David Stockman (David Stockman's Contra Corner blog)

     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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