Tuesday, August 30, 2016

Tuesday roundup (08-30-2016)

Hoarding Cash [Around the Globe] Prelude to the Crash and Burn by Martin Armstrong (Armstrong Economics blog)

Euro zone monthly economic sentiment falls more than expected (Reuters)

EU staff petition attacks Barroso over Goldman Sachs job: More than 75,000 people sign petition denouncing former president of European commission and calling for him to lose his EU pension (The Guardian) Goldman Sachs is at it Again by Martin Armstrong (Armstrong Economics blog)

Why A Record Number Of College Grads [In The United States] Are Working Minimum Wage Jobs (ZeroHedge blog)

Tunisia's state-owned carrier to cut 1,000 jobs (AfricaNews)

     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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