Tuesday, September 6, 2016

Tuesday roundup (09-06-2016)

EU finance ministers, central bankers will consider a euro zone crisis fund (Reuters)

Greece crisis could topple Brussels project, top ratings agency warns: GREECE'S financial crisis could erupt once more in an economic cataclysm which would lead to the collapse of the eurozone, a top ratings agency has warned today. (The Express)

Interfering Brussels now ORDERS Spain to sort out public deficits or else...: EUROPEAN Union bureaucrats have stepped in on battered Spain AGAIN and ordered them to sort out their public deficit. (The Express)

[United States Republican Presidential Candidate Donald] Trump’s History of Corruption by Barry Ritholtz (The Big Picture blog)

Mercedes-Benz cuts over 1,500 Brazil jobs with layoffs, buyouts (Reuters)

Marks & Spencer to cut hundreds of jobs [= 525] at London HQ: Staff reduction will be achieved through redundancies, non-replacement of leavers and cutting contractors (The Guardian)

     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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