Saturday, August 13, 2016

Saturday roundup (08-13-2016)

Billionaires [around the world] are holding $1.7 trillion in cash (CNBC)

A year after the crisis was declared over, Greece is still spiralling down: The historic third bailout awarded to Athens after weeks of brinkmanship last year was supposed to have secured its future in the EU. But little has changed (The Observer)

There's a £400 billion problem lurking in Britain's future — and the Bank of England is making it worse (The Business Insider)

More adult Americans live with their parents and grandparents: Multigenerational households have reached an all-time high (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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