Wednesday, April 8, 2015

Wednesday roundup (04-08-15)

Switzerland sells 10-year bonds at negative yield as deflation fears deepen (Reuters) IT'S OFFICIAL: You have to pay the Swiss government to take your money for the next 10 years (The Business Insider)

Greece has not asked Russia for financial aid: Putin (Reuters) Europe's manhandling of Greece is a strategic gift to Russia's Vladimir Putin: 'Greece is a sovereign country with an unquestionable right to exploit its geopolitical role,' says premier Alexis Tsipras in Moscow by Ambrose Evans-Pritchard (The Telegraph) [versus] No, Russia is not about to bail out Greece (The Business Insider)

Time and Cash Running Out for Greece: Greece says it will make its next IMF debt payment, but what next? (Foreign Policy) Greece has a major debt repayment to make in the next 24 hours and the situation is looking desperate (The Business Insider)

Japan's recovery is still weak after 2 years of monetary 'bazooka' (The Associated Press)

China’s Deflation Threat: What to Look for Beyond the Headlines (Bloomberg)

     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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