Wednesday, November 23, 2016

Wednesday roundup (11-23-2016)

These countries are saddled with the most debt per person, in one chart (Marketwatch)

Europe is shaking up its banking industry and post-Brexit Britain could get frozen out (The Business Insider) EU Commission proposes adopting global rules on bank capital, with tweaks (Reuters)

UK debt set to climb to levels not seen since 1964 following Brexit vote (CNBC) Britain’s debt mountain set to hit £2 trillion in the 2020s (The Telegraph)

U.K. Shelves Austerity in First Spending Plan Since ‘Brexit’ Vote (The New York Times)

Singapore Consumer Prices Remain in Deflation (Dow Jones Newswires) Is Singapore's economy headed for a technical recession? (CNBC)

China’s economic problems will come to a head in 2017: Faced with a heavy debt load, the Asian nation would find it difficult to absorb an eternal shock such as a U.S. trade war (Marketwatch)

These new plans for bank reforms in Europe could hit Wall Street lenders (CNBC)

     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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