Sunday, November 6, 2016

Sunday roundup (11-06-2016)

Euro founding father Otmar Issing warns about project's future: A founding father of monetary union has given a damning assessment of the euro bloc, saying that not incorporating an exit strategy was a mistake. (The BBC)

Volkswagen Emissions Scandal Inquiry Widens [in Germany] to Top Levels (The New York Times)

Greek prime minister reshuffles cabinet to boost bailout reforms: Alexis Tsipras says time has come to speed up measures agreed with the country’s international creditors (The Guardian)

Is China Repeating Japan’s Missteps?: Beijing may seem dynamic, but it’s heading down a path we’ve seen before. (Bloomberg)

     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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