Monday, October 10, 2016

Monday roundup (10-10-2016)

Eurozone banks are in DEEP trouble: Wall Street top bankers issue warning to EU: EUROPE's biggest banks are vulnerable and pose a huge risk to financial stability, according to some of Wall Street's top bankers. (The Express)

Bayer chief promises no Monsanto GM crops in Europe (Agence France Presse)

Greece unlocks fresh bail-out funds as Athens completes demand checklist (The Telegraph) Sky-high debt, not just a Greek problem: Debt relief for Athens could benefit the entire South. [Commentary] (Politico)

[In the United States,] Buffett Calls Trump’s Bluff and Releases His Tax Data (The New York Times)

     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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