Saturday, May 16, 2015

Saturday roundup (05-16-15)

Greece Aid Accord Looks Elusive as Tsipras Sticks to Red Lines (Bloomberg)

Greek PM warned lenders of not repaying IMF debt in May - report (Reuters)

Will Britain fall into deflation?: Economists divided over whether Britain dipped into deflation in April, though analysts stress that any price falls are likely to be temporary (The Telegraph)

OREO MAKER MONDELEZ TO CUT UP TO 600 JOBS AT CHICAGO BAKERY (The Associated Press)

     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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