Friday, March 4, 2016

Friday roundup (03-04-16)

Ex-Bank of England chief: 'Debt will be at the heart' of the next crisis (The Business Insider)

Era of zero, negative interest rates could last for years: Barclays (Reuters)

Dry bulk shipper Golden Ocean sees lots of bankruptcies in coming months - CEO (Reuters)

Migrant crisis deepens: 'Do not come to Europe' (CNBC)

Deeper Negative Rates Could Squeeze Banks in Southern Europe Hardest: A greater proportion of floating-rate mortgage debt in Italy and Spain puts bank profitability under increasing pressure (The Wall Street Journal blogs)

[United States] Congressional watchdog to review Fed's bank oversight (USAToday) U.S. watchdog to probe Fed's lax oversight of Wall Street (Reuters)

The End of Big Banks?: "Too big to fail" may soon be a thing of the past. by Simon Johnson [Project Syndicate via] (Moyers & Company)

I voted for Trump to destroy the GOP by Bruce Bartlett, former Treasury official (CNBC) “My goal is to destroy the Republican Party”: Former Reagan adviser Bruce Bartlett explains his vote for Donald Trump: The GOP is "just a coalition of cranks, and racists and bigots and religious kooks" that will lose big with Trump (Salon)

GOP at war with itself (CNN) Taking a Stand—Sort Of—Against Trump at CPAC: Tensions over the Republican presidential front-runner are running high at the annual conservative gathering. (The Atlantic) Trump runs away from angry conservatives (The Washington Post blogs) Mitt Romney and John McCain Denounce Donald Trump as a Danger to Democracy (The New York Times) Romney Says He’s Not a Candidate — Don’t Believe Him (New York magazine) Mitt Romney's anti-Trump strategy may well double as a Romney nomination strategy (Vox) Conservative national security experts unite to oppose Trump (The Associated Press) Trump is ‘fundamentally dishonest,’ say GOP national security leaders in open letter (The Washington Post) Trump needs to unify the GOP to win in November. This week suggested he can’t. (Vox) The Republican Party is already dead – they just don’t know it yet (The American Thinker)

Bill Clinton’s Secretary of Labor Puts Endorsement Behind Sanders: Robert Reich backs Bernie's plan to break up banks: 'He understands politics' (Observer)

My Case Against Hillary Clinton: As Is, She Could Set Up Progressives for Electoral Disaster: She's not the candidate of economic fairness, peace or a genuine progressive agenda. She's also not more electable. (Alternet)

DuPont Plucks a Top USDA Official to Lead "Government Affairs Strategies" (Mother Jones)

Brazil’s economy heading for depression after slumping 3.8% in 2015 (euronews)

     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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