Saturday, March 7, 2015

Saturday roundup (03-07-15)

Juncker urges EU to face up to 'serious' Greek troubles (Agence France Presse)

Austria is fast becoming Europe's latest debt nightmare: A mini-Greece is about to go off in Europe's heartlands, and markets don't even know it (The Telegraph)

Lew to Congress: US hits debt limit on March 16, needs to be raised ASAP (CNBC)

Inside the Powerful Lobby Fighting for Your Right to Eat Pizza: Other corners of the fast-food industry have folded against public pressure for healthier choices. Not pizza (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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