Thursday, September 1, 2016

Thursday roundup (09-01-2016)

IMF's Lagarde says likely to cut [global] growth outlook as trade wanes (Reuters)

Eurozone Unemployment Is Still A Disaster - Time To Get Rid Of The Euro, Finally (Forbes)

Italy PM Renzi says tax cuts necessary as growth stutters (Reuters)

An Italian financial crisis poses huge threat to global economy (The Hill blogs)

Factory activity shrinks [in the United States] for 1st time since Feb. (USAToday)

Walmart to cut 7,000 back-office accounting, invoicing jobs (USAToday)

     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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