Tuesday, August 12, 2014

Tuesday roundup (08-12-14)

Crisis stalks Europe again as deflation deepens, Germany stalls: Data from Germany, Italy and Portugal put pressure on ECB to act by Ambrose Evans-Pritchard (The Telegraph) Ukraine Crisis Takes Toll on Germany’s Economy, Powerhouse of the Eurozone (The New York Times) Russia, Ukraine Turmoil Takes a Toll on Europe’s Powerhouse (FoxBusiness) German Investor Confidence Slumps on Ukraine Crisis (Bloomberg)

German Yields Falling Toward 1% Shows Japan-Style Risks Building (Bloomberg)

The Outlook For Germany In One Word: 'Grim' (The Business Insider)

'Elephant in the Eurozone': Ailing French Economy Threatens to Break Apart Currency Area (International Business Times) Stagnating France heads towards fiscal targets miss (Reuters)

Rome, other Italian cities hit by deflation in July (Reuters) Da Torino a Bari, dieci grandi città in deflazione (Il Sole 24 Ore)

Most Italians worried about money: survey (The Local)

Ukraine’s Currency Drop May Swell Emergency Bailout Needs (The Wall Street Journal blogs)

Japan GDP set to fall sharply; may increase stimulus expectations (Reuters)

Sovereign Debt: Eroding Japan’s National Security: Japan’s rising public debt has implications that go beyond its economy. (The Diplomat of Tokyo)

International banks struggling to cut Argentina debt deal - sources -- ["'These are not fully-baked proposals,' [said] a source ..."] (Reuters)

Market Basket protests a victory for capitalism for all, not some: Market Basket CEO Arthur T. Demoulas worked to keep prices low and pay his employees more. No wonder that when the board moved to oust him in favor of someone who would increase profitability for shareholders, managers, employees, and customers of Market Basket were outraged. by Robert Reich (The Christian Science Monitor) Lessons (so far) from the Market Basket battle (The Boston Business Journal blogs) Game Theory Expert Analyzes Market Basket Conflict (WBUR)

It's Not Just Healthcare That's Bankrupt--It's Our Legal System, Too by Charles Hugh Smith (Of Two Minds blog)

     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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