Saturday, August 27, 2016

Saturday roundup (08-27-2016)

Greece PM says EU sleepwalking toward cliff, wants debt relief by end 2016 (Reuters)

August 2016: Unofficial Problem Bank list declines to 184 Institutions (Calculated Risk blog)

Hundreds [= about 840] laid off at Ashley Furniture factory/warehouse in Colton (The Inland Valley Daily Bulletin of San Bernadino County, California)

     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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