Saturday, March 28, 2015

Saturday roundup (03-28-15)

Eurozone can't survive in current form, says PIMCO: Single currency area must become a "United States of Europe" in order to secure its future, says manager of world's largest bond fund (The Telegraph)

Portugal pushes for closer euro zone integration (Reuters)

Janet Yellen: U.S. economy not good enough yet (CNNMoney)

Unofficial Problem Bank list decline to 349 Institutions in March, Q1 2015 Transition Matrix (Calculated Risk blog)

     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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