Tuesday, October 11, 2016

Tuesday roundup (10-11-2016)

Keiser Report: Bubble economy sins (Episode 977) [Interview with Jim Rickards, author of The Road to Ruin] (Youtube)

Europe Worries Portugal Is Prone to a Debt-Crisis Relapse: Souring investment climate, weak economic growth spark fears nation could need another bailout, as it did in 2011 (The Wall Street Journal)

Poor America: 7 In 10 Americans Have Less Than $1,000 In Savings (ZeroHedge blog)

We still haven’t recovered from the Great Recession (Vox)

Flooding after Hurricane Matthew swamps North Carolina towns (Reuters) Terrifying Photos From Hurricane Matthew: From Haiti to North Carolina, the storm left a trail of flooding and destruction. (Mother Jones)

Fujitsu to cut up to 1,800 UK jobs: Japanese technology firm to cut more than a tenth of UK workforce, affecting main sites including Belfast and Manchester (The Guardian)

     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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