Saturday, October 22, 2016

Saturday roundup (10-22-2016)

Quote of the Day:

"Well, the first thing you must understand if you’re about to enter into negotiations with the European Union is that the other side is not going to negotiate and you must be prepared for what happens when there are no negotiations." -- Yanis Varoufakis, former Finance Minister of Greece. (Youtube)

Fitch cuts Italy outlook on political uncertainty, weak growth [Reuters via] (CNBC)

28 Things Donald Trump Promises to Do as [United States] President (Breitbart)

     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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