Sunday, October 9, 2016

Sunday roundup (10-09-2016)

China may be the one to bail out Deutsche Bank (The Business Insider)

China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief (The Telegraph)

660K lose power in SC, NC; Duke Energy to rebuild electrical systems (WSPA)

Industry Insider Speaks Out About the Hazards of Industrialized Agriculture (Mercola)

     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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