Monday, February 16, 2015

Monday roundup (02-16-15)

G20 Leaders Plead with Fed Not to Raise Rates (Armstrong Economics)

Negative rates [in Europe] to shake up financial system, say experts [The Financial Times via] (CNBC)

Greece bailout talks break down after Athens rejects 'unacceptable' eurozone demands: Creditors present ultimatum as finance minister insists other members must water down austerity conditions if country is to reach ‘honourable agreement’ (The Guardian) Greek crisis talks collapse in acrimony as Syriza defies EMU: 'The only way to solve Greece is to treat us like equals; not a debt colony,' says Greek finance minister by Ambrose Evans-Pritchard (The Telegraph)

Japan beats recession but the good news ends there: Sluggish growth, lack of expansion and failing ‘three-arrow strategy’ in the world’s third largest economy may prompt a currency war (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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