Friday, October 28, 2016

Friday roundup (10-28-2016)

France ekes out meagre growth, accepts may not meet 2016 target: Economy grows by just 0.2 % in the third quarter, new figures out today show (The Irish Times)

Iceland's Pirates head for power on wave of public anger (Reuters) How Hacker and ‘Pirate’ Birgitta Jónsdóttir Revolutionized Iceland’s Politics (Fortune)

Parent company of Luminant, TXU Energy expanding layoffs [to about 500, up from 158] (KLTV)

     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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