Thursday, October 6, 2016

Thursday roundup (10-06-2016)

ECB signals intention to push on with stimulus as growth sluggish (Reuters)

Deutsche Bank Said to Weigh Capital-Raising Options With Banks (Bloomberg) Deutsche Bank’s Long Shadow: The German bank's crisis will have serious effects on the eurozone. (US News & World Report)

Deutsche Bank is cutting 1,000 extra jobs in Germany (The Business Insider)

Nobel laureate Stiglitz sees Italy, others leaving euro zone in coming years (Reuters)

[United States] Senators Call for Criminal Investigation of Wells Fargo (The Associated Press)

     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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