Friday, October 7, 2016

Friday roundup (10-07-2016)

Europe May Finally End Its Painful Embrace of Austerity (The New York Times)

French budget deficit widens (Marketwatch)

U.S. job growth slows; markets bet on December rate hike (Reuters)

FEC Must Investigate Unprecedented Violations of Campaign Finance Laws by Clinton, Trump (The Campaign Legal Center)

Here's What Closing Sears and Kmart Would Look Like (Bloomberg)

     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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