Thursday, November 24, 2016

Thursday roundup (11-24-2016)

The Termination of Cash Approaching Rapidly by Martin Armstrong (Armstrong Economics blog)

ECB sees rising risks to euro zone financial stability, watching for Italian vote fallout (Reuters)

Austerity Rules Brexit Britain as Hammond Refuses to Splurge (Bloomberg)

How Donald Trump, debt and slowing construction industry threatens China’s economy (News AU) Why Trump’s Policies Will Probably Result in a Trade War with China (ZeroHedge blog)

Airbus Poised to Cut 1,000 Jobs in Drive to Streamline Business (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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