Monday, March 2, 2015

Monday roundup (03-02-15)

World's Largest Container-Shipper Warns Global Trade Is Slowing Down (ZeroHedge blog)

When Will The Debt Picture Implode? [Scary.. Charts] (ValueWalk)

Why negative interest rates could become the new normal: One still might think that it makes sense to hold cash directly, rather than holding an asset with a negative return. But holding cash can be risky, as Greek savers have learned by Nouriel Roubini [Project Syndicate via] (The Guardian)

Eurozone Prices Continue to Fall, Fueling Concerns (The New York Times) Eurozone's deflation fight remains 'uphill battle' despite February improvement: Eurozone prices fall by 0.3pc in February, though analysts say shallower deflation and better-than-expected jobless figures not enough to reduce fears of a deflationary spiral (The Telegraph)

Greece is negotiating a third bailout of up to €50 billion (The Business Insider) Greece May Need Third Rescue, EU’s Dombrovskis Says (Bloomberg) Euro zone not discussing third Greek bailout-Eurogroup head's spokeswoman (Reuters) Third Greece bailout 'discussed': Eurozone nations are negotiating a third bailout for financially strapped Greece that would give the country as much as 50 billion euro (£36 billion), Spanish economy minister Luis de Guindos said. (The Press Association) Mixed messages on third Greek bailout talks (Reuters)

Greece seeks negotiations on ECB bond repayment (Reuters)

Greece bailout: EU 'mediating' Greek row with Spain and Portugal (The BBC)

Greece eyes last central bank funds to avert IMF default: Syriza is not interested in emergency EMU funding if it means kowtowing to Troika demands by Ambrose Evans-Pritchard (The Telegraph)

To beat austerity, Greece must break free from the euro: We are deluded to think we can achieve real change within the common currency. Syriza should be radical (The Guardian)

David Blanchflower: Deflation is bad news - and Britain is likely to be next to get it (The Independent)

Deflation risk is now a worry even for China (CNNMoney)

Last Week Tonight with John Oliver: Infrastructure [in the United States] (HBO) (Youtube)

France to cut 22,000 hospital jobs to save €3b (The Local)

     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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