Sunday, August 21, 2016

Sunday roundup (08-21-2016)

Show of European unity: Merkel, Hollande, Renzi meet to discuss gameplan (Reuters)

Germany to tell people to stockpile food and water in case of attacks: FAS (Reuters)

Mission Impossible Looming for Italy’s 2016 Economic Growth Goal (Bloomberg)

Canada's inflation rate slows; retail sales post surprise decline [Bloomberg News via] (The Globe and Mail of Toronto)

I'm a Bernie backer and I refuse to support Hillary [Clinton for President of the United States] (The Hill blogs)

     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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