Sunday, October 2, 2016

Sunday roundup (10-02-2016)

Germany's Merkel cannot afford to bail out Deutsche Bank: media (Reuters) Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage" (ZeroHedge blog)

Chinese authorities need to guard against bad debt crisis (The Telegraph)

Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades [in the United States], The Times Found (The New York Times) The most shocking part of Donald Trump’s tax records isn’t the $916 million loss everyone’s talking about (The Washington Post blogs) Trump Foundation lacks the certification required for charities that solicit money (The Washington Post) HOW DONALD TRUMP’S COMPANY VIOLATED THE UNITED STATES EMBARGO AGAINST CUBA (Newsweek)

     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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