Monday, April 3, 2017

Monday roundup (04-03-2017)

‘BE PREPARED’ ECB fires grave warning to Europe's most debt-ridden countries: EUROPE'S debt-laden countries have been warned to prepare for higher borrowing costs and an end to ultra accommodative monetary policies that have helped prop up economies in the aftermath of the financial crisis. (The Express)

A Le Pen-Led France May Be the Crisis That Draghi Can’t Fix (Bloomberg)

Bunga Bunga, American Style: Donald Trump and Silvio Berlusconi have a lot more in common than fake tans and lechery. (Slate)

Student Loans at $1.3 Trillion Shove Family Debt Toward Pre-Crisis Peak (TheStreet) Number of people who owe over $100,000 in student debt has quadrupled in 10 years: 20% of recent borrowers who owed over $100,000 in student debt defaulted within five years (Marketwatch) Debt load could snag students, hurt U.S. economy: Fed's Dudley (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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