Sunday, January 24, 2016

Sunday roundup (01-24-16)

Why you should worry about cheap oil (CNNMoney)

French PM Manuel Valls says refugee crisis is destabilising Europe: Speaking at the World Economic Forum in Davos, Valls fears the flow of those fleeing war zones is placing the concept of Europe in danger (The Guardian) 'The EU has forgotten it needs borders': French PM says Europe 'could die very fast' unless 'destabilising' flow of migrants is stopped (The Daily Mail) Manuel Valls: 'Europe is in grave danger over migration crisis': The French prime minister has warned that Europe's migration crisis is putting the European Union at grave risk. [VIDEO] (The BBC) EU could go UNDER in 6 WEEKS, Dutch PM claims as France admits 'we weren't built for this': THE Dutch prime minister said the future of the European Union could be decided in just six weeks if the bloc doesn't get a handle on the migrant crisis, as panicking France begs Britain to stay in the union. (The Express)

France to Maintain ‘State of Emergency’ Until Islamic State Is Destroyed (Breitbart)

On borrowed time: Ireland's deceptive debt numbers: Government debt is back under 100pc of GDP, but with pensions and other liabilities excluded, Dan White asks, how realistic are the stats? (The Irish Independent)

Portugal’s new president demands financial discipline (The Associated Press) Center-right candidate wins Portugal presidential vote outright (Reuters)

[United States Sen. Elizabeth] Warren: $5.1B Goldman Sachs Settlement is a “Farce” (National Mortgage Professional Magazine)

     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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