Sunday, April 19, 2015

Sunday roundup (04-19-15)

Caveat creditor as IMF chiefs mull unpayable debts: The Fund's Spring meeting has been dominated by the dangers of a toxic mix of sky-high debt ratios and old-age populations. The message? Something is badly out of kilter in the world by Ambrose Evans-Pritchard (The Telegraph)

Greece Flashes Warning Signals About Its Debt (The New York Times)

Europe braces for messy Greek endgame [The Wall Street Journal via] (Marketwatch)

Eurozone crisis: Grexit edges closer as markets brace for Athens default: As eurozone officials prepare for further talks on Greece, investors are sceptical that Athens can agree reforms that will unlock further bailout funds (The Guardian)

Greece's Varoufakis warns of Grexit contagion (Reuters)

New Zealand inflation at 15-year low, prompting rates move debate (The Syndey Morning Herald) New Zealand Posts Slowest Inflation Since 1999 as Oil Drops (Bloomberg)

U.S. economy isn't growing fast enough (CNNMoney)

Why hasn’t the economy fully recovered? Debt, debt, debt (The New York Post)

     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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