Monday, November 28, 2016

Monday roundup (11-28-2016)

Growth stalling would be biggest risk to Europe's economy: ECB's Draghi (Reuters)

ECB’s Mario Draghi Warns of Risks of Prolonged Low Interest Rates: A lengthy period of low rates has created ‘fertile terrain’ for financial-market risks, the central bank chief says (The Wall Street Journal)

Greece Needs Debt Relief, Eurozone Central Banker Says (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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