Sunday, March 8, 2015

Sunday roundup (03-08-15)

Creditors Reject Greece's Reform Proposals (Bloomberg)

Greek warning: With no rescue funds, 'there could be problems' (The Los Angeles Times)

Early Greek election, referendum possible if EU rejects debt plan: Varoufakis (Reuters)

Japan’s Emergence From Recession Weaker Than First Thought (Bloomberg) Japan growth revised down as business investment drops, keeps BOJ pressured (Reuters)

This is not a democracy: How the 1 percent rigged the game: Money is speech, dollars have more influence than people -- it's time to be honest about the plutocracy we live in (Salon)

     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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