Sunday, December 18, 2016

Sunday roundup (12-18-2016)

Greek PM tries to unlock debt freeze to avoid another crisis (CNBC)

Thousands march in Madrid against labor policies: Spain's labor unions have taken to the streets of Madrid to protest government austerity measures. With the country emerging from an economic downturn, the protesters have demanded an increase in salaries and pensions. (Deutsche Welle)

Australia's budget deficit deepens, top credit rating at risk (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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