Sunday, August 14, 2016

Sunday roundup (08-14-2016)

Italy seeks new deal to scrap EU austerity as its economy stalls: Italian minister says country will seek to break an EU cap on government debt (The Independent)

Consumer spending is key to avoiding a UK recession: This week’s retail sales report from the ONS will show what’s happened to high street spending since the Brexit vote (The Guardian)

How Much Does [Billionaire United States Republican Presidential Nominee] Donald Trump Pay in Taxes? It Could Be Zero (The New York Times)

     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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