Monday, April 13, 2015

Monday roundup (04-13-15)

The Eurozone will remain mired in crisis unless it faces up to the facts (CityAM)

EU working with Italy to solve bad loan issue: EU official (Reuters)

Time running out on Greek debt talks, says top EU official (Reuters) Greeks quash snap election rumours as eurozone deadline looms: Athens denies reports it will hold an early election if creditors fail to rubber stamp bail-out extension (The Telegraph)

It's Not Obvious That The Greeks Are Taking This Debt Crisis Seriously (Forbes)

Greece prepares for debt default if talks with creditors fail [The Financial Times via] (CNBC)

BlackRock: Fed tightening to trigger market tremors as liquidity evaporates: Complacent investors will be hurt as Fed raises rates, says BlackRock, as managing director warns central banks are running out of ammunition to deal with next crisis (The Telegraph)

GM supplier Android Industries will cut nearly 600 jobs in Arlington (The Dallas Business Journal)

     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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