Friday, May 15, 2015

Friday roundup (05-15-15)

Next Greek bailout will be all about protecting Italy from contagion (The Globe and Mail of Toronto)

Ukraine Recession Deepens as GDP Falls 17.6% (The Dow Jones Newswires)

Factory Production in U.S. Stalled on Machinery Cutbacks (Bloomberg)

Weak U.S. data point to modest second quarter economic rebound (Reuters)

F. A. O. Schwarz to Close Its Doors on Fifth Avenue (The New York Times)

Blue Bell will lay off 1,450 employees: Move follows recall after listeria outbreak (Marketwatch)

     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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