Monday, March 30, 2015

Monday roundup (03-30-15)

MAULDIN: The world is on a debt binge, but there's no such thing as a free lunch (The Business Insider)

Fears of a new global crash as debts and dollar’s value rise: As Greece puts the finishing touches to its latest round of cuts, some economists are increasingly alarmed about the signals from the world economy (The Guardian)

Euro zone deflation top risk for world ratings: Fitch (CNBC)

Greece's bailout talks are still going nowhere as the country runs out of money (The Business Insider)

[In its annual stress test,] Bank of England puts global recession at heart of doomsday scenario (The BBC) Bank of England stress tests to include feared global crash: Scenarios to gauge UK banks’ ability to weather economic shocks include a dramatic slowdown in China and prolonged period of global deflation (The Guardian)

Russia’s oligarchs head for London as rouble collapses: Some of Russia's wealthiest individuals are looking to leave the country for London and Switzerland as the economy faces a sharp recession (The Telegraph)

Will China derail the global recovery? (The Hill blogs)

US economy stalled in first quarter: Economists (CNBC)

     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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