Thursday, March 31, 2016

Thursday roundup (03-31-16)

Eurozone inflation falters for another month (The Telegraph)

Spain Misses 2015 Deficit Goal [For Eighth Consecutive Year] Adding to Pressure for Cuts (Bloomberg) Spain deficit miss serves up financial headache for next government (Reuters)

UK current account deficit at new high (The BBC) Britain courts fate on Brexit with worst external deficit in history by Ambrose Evans-Pritchard (The Telegraph)

We [in the United States] Could Be In for Another Recession, and We’re Not Ready for It (New York)

Higher Education Is Morally and Financially Bankrupt by Charles Hugh Smith (of two minds blogs)

     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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