Sunday, March 29, 2015

Sunday roundup (03-29-15)

Greek Bailout Proposals Lack Necessary Detail, Officials Say: Eurozone finance ministers unlikely to meet before mid-April to give Athens more cash (The Wall Street Journal)

Greek Markets Show All at Risk Should Mistake Trigger a Default (Bloomberg)

Weak capital ties Italian banks to bad debts (Reuters)

Deflation Danger Rings Wake-Up Call to East Europe Central Banks (Bloomberg)

David Blanchflower: Don’t believe those who tell you deflation [in the UK] is good news (The Independent)

The U.S. economy is showing cracks (CNNMoney)

Half of Americans are saving next to nothing (CNNMoney)

     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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