Wednesday, November 2, 2016

Wednesday roundup (11-02-2016)

Italy's Renzi says will hike deficit if needed for earthquake relief (Reuters)

Over half a million in UK have their debt written off over 'unfair practices': Motormile pulled up by City watchdog for the way it pursued customers for recovering payday and car finance debts (The Guardian)

China debt risks stoke internal debate over lowering 2017 growth goal (Reuters)

Marvell Technology to cut 900 jobs, sell assets (Reuters)

     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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