Wednesday, August 10, 2016

Wednesday roundup (08-10-2016)

REVEALED: Desperate EU bosses splurge €1TRILLION on bonds to prop up ailing eurozone: THE European Central Bank (ECB) has splurged almost €1trillion on bonds in the last 18 months in a desperate bid to prop up the ailing eurozone. (The Express)

Study: Brexit will hit German economy harder than rest of eurozone: Uncertainty about Brexit fallout will harm German companies more than those in the eurozone overall. (Politico)

An epic Middle East heat wave could be global warming’s hellish curtain-raiser (The Washington Post)

SunPower drops 30% amid layoffs [of 1,200 workers], power plant struggles (USAToday) SunPower CEO joins the $1 salary club to boost investor confidence (CNBC)

     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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