Sunday, December 6, 2015

Sunday roundup (12-06-15)

Terrorist threat will force countries to tear up EU budget laws: Pierre Gramegna says "challenging and long lasting" impact of the terrorist and refugee crises means countries have "no choice" but to ramp up spending (The Telegraph)

Schengen Agreement on the Verge of Extinction by Martin Armstrong (Armstrong Economics blog)

French far-right makes major breakthrough to top regional elections (Reuters) Polls put far right National Front on top in French elections (The Associated Press)

Greek parliament approves austere budget for 2016 (Reuters) Shortage of trust threatens Greece's comeback (Reuters)

Real Estate has Peaked by Martin Armstrong (Armstrong Economics 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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