Thursday, August 18, 2016

Thursday roundup (08-18-2016)

World’s Biggest Banks Still Pose Too-Big-to-Fail Risk, FSB Says (Bloomberg)

Italian Banks Continue to Lend to Stagnant Companies as Debt Pile Mounts (The New York Times blogs)

The wealthy [in the United States] have nearly healed from recession. The poor haven’t even started. (The Washington Post)

The National Debt is Costing You Big Time (FoxBusiness)

Louisiana flooding is worst disaster since Sandy, but people aren’t talking about it (USAToday) Louisiana floods: One of the worst US disasters in recent years (The BBC)

     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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