Friday, September 23, 2016

Friday roundup (09-23-2016)

Euro zone business growth hits 20-month low, Germany loses momentum (CNBC) Eurozone slows as German growth falls behind France (The Telegraph)

"Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt (ZeroHedge blog)

Greece needs substantial debt relief, surplus targets unrealistic: IMF (Reuters)

The Bank of England is sounding the alarm on Chinese debt (The Business Insider)

[In the United States,] 'We're beyond crisis': Oregon's public pension problem brings official to tears (KVAL)

Mulberry's Allied Bank closed by Arkansas Banking Department (The Associated Press) Allied Bank of Mulberry AR had a troubled assets ratio of 213.5 percent. (BankTracker)

VW's MAN to cut 1,400 jobs at diesel-engine unit (Reuters)

SolarWorld will lay off 500 in Germany (The Portland Business Journal 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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