Sunday, June 14, 2015

Sunday roundup (06-14-15)

Greek default fears rise as '11th-hour' talks collapse [The Financial Times via] (CNBC) Fears of Greek Default Rise as Weekend Talks on Debt Payment Break Down (The New York Times) Default dangerously closer after Greece debt talks collapse (Agence France Presse) Syriza Left demands 'Icelandic' default as Greek defiance stiffens: Greek premier Alexis Tsipras threatens Europe's creditors with a "big no" unless they yield on debt servitude by Ambrose Evans-Pritchard (The Telegraph) Greece says it will never accept wage, pension cuts (The Associated Press)

Germany warns of Grexit with EU patience "running out" (CityAM)

Greece running out of options in debt crisis (The Daily Star of Beirut, Lebanon)

Greece's debt drama: the possible scenarios (Agence France Presse)

Nearly 2,000 military roles [in the UK] to go in cuts: NEARLY 2,000 military jobs are set to go as the result of defence cuts, it has emerged. (The Express)

[US Presidential Candidate] Hillary Clinton calls on Obama to negotiate a better trade deal (The Washington Post blogs) Hillary Clinton Urges Obama to Listen to Democrats on Trade Deal (The New York Times) Hillary Clinton Goes Populist—Up to a Point (The New Yorker)

Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable" (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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