Saturday, February 27, 2016

Saturday roundup (02-27-16)

Irish election: Ireland facing grand-coalition after no clear winner emerges from election: Fianna Fáil and Fine Gael are the country's traditional governing parties, however neither of them have gained enough votes to govern individually or as a coalition (The Independent) Irish PM Kenny Pleads for Time as Grand Coalition Pressure Grows (Bloomberg) Yanis Varoufakis: Electorate has rejected ‘dead-end policies’: Former Greek finance minister says ‘old regime is dead but the new regime is struggling to be born’ (The Irish Times)

Deepening default fears cast shadow over Venezuela's oil flows (Reuters)

Charles Koch: This is the one issue where Bernie Sanders is right (The Washington Post)

February 2016: Unofficial Problem Bank list declines to 228 Institutions (Calculated Risk 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.

No comments:

Post a Comment