Sunday, April 12, 2015

Sunday roundup (04-12-15)

Global recovery at risk of stalling (The Financial Times)

The eurozone’s economic crisis is far from over: As the eurozone has continued to disappoint, more and more commentators have come to see it as resembling, or in danger of coming to resemble, Japan, writers Roger Bootle (The Telegraph)

Greece may have blown best hope of debt deal (Reuters) Greece defends bailout tactics as latest deadline looms: Athens has rejected German reports that Greece acted ‘like a taxi driver’ and just kept asking for money at recent talks (The Guardian)

Why Europe Needs to Save Greece (Project Syndicate)

China Growth Last Quarter Seen as Worst Since Global Recession (Bloomberg)

The Fed Has Not Learnt From The Crisis by Steve Keen (Forbes)

Hillary Clinton’s Soft Populism Is Not Enough (The Nation blogs) Don't Expect Hillary Clinton to Stand Up to Wall Street (The New Republic) Hillary Clinton's Wall Street dilemma (CNN)

Even Flowers Know When to Follow the Sun by Martin Armstrong (Armstrong Economics)

     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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