Monday, March 7, 2016

Monday roundup (03-07-16)

Rising Global Debt and the Deflation Threat: Years of deficit spending and near-zero interest rates have led to massive borrowing but little growth. (The Wall Street Journal)

Economists at global bank body warn of risks from negative interest rates (CNNMoney)

"We're In The Eye Of The Storm" Rothschild Fears "Daunting Litany" Of Problems Ahead (ZeroHedge blog)

Eurozone Ministers Seek To End Greece Bailout Row (Agence France Presse) Lenders to return to Greece, pave way for debt talks - Dijsselbloem (Reuters)

Italy risks breaking EU fiscal rules even with all leeway granted - Eurogroup (Reuters)

The $5 Trillion Quandary as Negative-Yielding Japanese Debt Doubles (Bloomberg)

Japan central bank to cut next fiscal year's growth, price estimates (Reuters)

     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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