Monday, December 7, 2015

Monday roundup (12-07-15)

Even Cheaper Gas? Oil Prices Are Dropping to Pre-Recession Levels (Time) Oil tumbles to lowest level in 7 years (CNNMoney)

French Far Right Victory Brings Eurozone Disaster Closer: Europe’s pivotal economy has less than 18 months to change its political course. (Fortune) Euro regime is working like a charm for France's Marine Le Pen: Marine Le Pen swept 55pc of the working class vote, stealing the Socialist base from under their noses with radical Left policies by Ambrose Evans-Pritchard (The Telegraph) The reason for the far right’s success in France? It’s the economy, stupid. (The Washington Post)

The French to Surrender ALL Rights [in Wake of Terror Attack]? by Martin Armstrong (Armstrong Economics blog)

Tsipras says IMF behavior in Greek crisis not constructive (Reuters)

SA edges closer to junk rating (The Sunday Times of Johannesburg, South Africa)

Hillary Clinton: How I’d Rein In Wall Street (The New York Times) Elizabeth Warren backs [at least in part] Hillary Clinton’s op-ed on Wall Street reform (Boston)

The Latest Revolving Door Farce: Bernanke, Trichet And Gordon Brown To Form Pimco Advisory Board (ZeroHedge blog)

Cuba nears deal with Paris Club on debt forgiveness (Reuters)

National Oilwell Varco to cut another 900 Norwegian jobs (Reuters)

Monsanto on trial for crimes against nature and humanity (The Ecologist)

Download the True Food Shopper's Guide: How to Avoid Foods Made with Genetically Modified Organisms [GMOs] (The Center for Food Safety) Say "No" to GMOs (Non-GMO Project) THE GREAT GMA COVERUP INFOGRAPHIC (TheBoycottList) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

     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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