Saturday, March 4, 2017

Saturday roundup (03-04-2017)

Italian Debt: What To Do Next? (The Market Mogul)

China cuts growth target as it pushes through reforms, builds 'firewall' against risks (Reuters) China's economic concerns mount as thousands gather for congress: Premier Li Keqiang will deliver his annual report against the backdrop of a falling currency and an ever-growing housing and debt bubble (The Guardian)

Fish under threat from ocean oxygen depletion, finds study: Oxygen levels in oceans have fallen 2% in 50 years due to climate change, affecting marine habitat and large fish such as tuna and sharks (The Guardian)

     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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