Friday, May 1, 2015

Friday roundup (05-01-15)

Global Deflation & Credit Spreads by Christopher Whalen (ZeroHedge blog)

Albert Edwards On What Happens Next: "More QE - Everywhere!" (ZeroHedge blog)

Nepal quake death toll at 6,260 as rescue effort, recovery continues (The Associated Press) Nepal economy shattered by earthquake as tourists flee, recovery expected to take years (The Associated Press)

Greece Races to Bridge Gap With Creditors Ahead of May Debt Bill (Bloomberg)

U.S. manufacturing growth holds at low level in April, employment shrinks: ISM (Reuters) U.S. manufacturers freeze employment (Marketwatch) US jobs relapse raises fresh doubts on Fed tightening: Long-feared turning point in the global monetary cycle may be delayed yet again, offering another reprieve for dollar debtors across the world. by Ambrose Evans-Pritchard (The Telegraph)

Study: One In Four Americans Spending At Least Half Their Pay On Rent (The Associated Press)

Bernie Sanders out-raises Republicans in first day of campaign (MSNBC) Windfall at Bernie's: Sanders raises $1.5 million in 24 hours (CNN) [Position on Glass Steagall: "Of course I believe in reestablishing Glass Steagall."] (The Washington Post blogs) Hillary's Democratic Opponent & Dirty Donating: Corruption rumors arise after it's revealed that millions of dollars in foreign donations were made to the Clinton Foundation while Hillary Clinton was Secretary of State. (The Daily Show with Jon Stewart)

Elizabeth Warren is clickbait (CNNMoney)

One More Reason Why The Student Debt Bubble Is About To Get A Lot Larger (ZeroHedge blog)

     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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