Saturday, September 20, 2014

Saturday roundup (09-20-14)

Now back to the big question: what's wrong with the eurozone?: There are worrying forecasts that the entire bloc  will show barely any growth for the next five years (The Independent)

Systemic risk in Europe: Too big to save (Vox)

ESM's chief says EU, IMF in no mood for a Greek debt haircut (Reuters)

Obama’s growth recession continues (Communities Digital News)

Unofficial Problem Bank list unchanged at 435 Institutions (Calculated Risk 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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