Sunday, March 6, 2016

Sunday roundup (03-06-16)

Faith in central banks' healing powers faltering: BIS (Reuters)

"There Is No Clear Way Out" - Richard Koo Says "The Price For QE Has Yet To Be Paid" (ZeroHedge blog)

The ECB’s Mario Draghi to the Eurozone’s Rescue Again: The pressure is on Draghi to prove the European Central Bank has tools left to fight deflationary forces, Simon Nixon writes (The Wall Street Journal) Why is eurozone inflation so persistently low?: Here's how oil prices, exchange rates, wages, and corporate investment affect inflation (Agence France Presse)

Germany rejects calls to give Greece more time for budget goals (Reuters) Grexit back on the agenda again as Greek economy unravels: After three emergency bailouts and the biggest debt restructuring in history, talk has again turned to the country dropping out of the currency union (The Guardian)

Super Saturday results show Rubio collapsing, Trump stoppable and Cruz gaining momentum (The Washington Post) Super Saturday Results (CNN) [However] Marco Rubio Wins Puerto Rico Primary (The New York Times) Puerto Rico Results Election 2016 (ABCNews) How Donald Trump broke Fox News' debate rules (CNNMoney)

Bernie Sanders gets 2 wins over Hillary Clinton -- but Clinton grabs the biggest prize of the night (AOL News) The Hillary Clinton-Bernie Sanders race is becoming very predictable (The Washington Post)

[Energy supplier] Npower to cut 2,500 jobs as losses deepen (The Telegraph)

     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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