Sunday, August 28, 2016

Sunday roundup (08-28-2016)

Global central bankers, stuck at zero, unite in plea for help from governments (Reuters) Central Bankers Hear Plea: Turn Focus to Government Spending (The New York Times)

Bill Gross: Yellen's Economy "May Never Walk Normally Again, This Is Not Capitalism" (ZeroHedge 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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