Wednesday, February 10, 2016

Wednesday roundup (02-10-16)

Eurozone concerns building again after period of calm (The Associated Press)

Greek central bank chief says delay in bailout review threatens recovery (Reuters)

Bank of England's recovery policies have increased inequality, finds S&P: QE and low interest rates have handed extra wealth to richest households by propping up stock markets and supporting booming house prices, says report (The Guardian)

Ukraine's huge bailout is at risk (CNNMoney)

Yellen: "Financial conditions in the United States have recently become less supportive of growth" (Calculated Risk blog)

Trump Win, Rubio Collapse in New Hampshire Primary Plunge GOP 2016 Race Into Chaos (NBCNews) Christie, Fiorina suspend 2016 campaigns (FoxNews)

What Bernie Sanders' Crushing Win in New Hampshire Means for the Democratic Race (ABCNews)

Chancellor Says UC Berkeley Faces Tough Decisions Amid $150M Deficit (CBS SF Bay Area)

Fitch Sees High Default Probability for 10 Latin America Issuers (Bloomberg)

Telecom Italia’s Tim Said to Cut 1,000 Brazilian Jobs by March (Bloomberg)

Broadcom to cut nearly 700 jobs at Irvine campus (The Orange County Register)

     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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