Monday, November 21, 2016

Monday roundup (11-21-2016)

Citi and JP Morgan top regulators' list of [global] banks posing systemic risk: HSBC and Barclays move down Financial Stability Board’s rankings, meaning they are required to hold less capital (The Guardian)

Former CEO Of UBS And Credit Suisse: "Central Banks Are Past The Point Of No Return, It Will All End In A Crash" (ZeroHedge blog)

The Big Short: is the next financial crisis on its way?: Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film. Now he believes Europe’s banks, especially Italy’s, are at risk (The Guardian)

Donald Trump victory shows power is slipping from the hands of 'the elites': France's Le Pen (CNBC)

The other PM set to lose his job after calling a referendum: Italy's December vote spells trouble for Matteo Renzi (This is Money)

Thankful for Deflation: Thanksgiving Dinner Price Drops [in the United States]: Thanksgiving dinner prices, on average, are expected to be cheaper than a year ago (The Wall Street Journal blogs)

     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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