Tuesday, March 31, 2015

Tuesday roundup (03-31-15)

Consumer Prices in Eurozone Decline Again, but So Does Unemployment (The New York Times)

Greece fails to reach initial deal on reforms with lenders (Reuters) Merkel, Hollande say time short for Greek economic plan (ekathimerini) Here's the 'ugly scenario' that's about to happen if Greece doesn't get a bailout deal (The Business Insider)

Angela Merkel faces euro rebellion as senior official resigns over Greek bail-out support: Deputy leader of Angela Merkel's sister party steps down over financial aid for Greece (The Telegraph)

Guess What Happened When JPMorgan's CEO [Jamie Dimon] Visited Elizabeth Warren's Office [at the US Senate] (The Huffington Post)

US Steel to Idle Part of Minntac; 680 Layoffs Expected (The Associated Press)

     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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