Sunday, February 22, 2015

Sunday roundup (02-22-15)

Denmark ready to impose capital controls to protect currency: Central bank could take drastic measures to prevent flow of money into the country and maintain its peg to the euro [Feb. 20] (The Telegraph)

Ten days that shook the euro; how Greece came to the brink (Reuters)

Spain Said to Lead EU Push to Force Terms on Greece (Bloomberg)

     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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