Tuesday, March 22, 2016

Tuesday roundup (03-22-16)

Euro-Area Deflation Risks Persist Even as Markit Sees Growth (Bloomberg)

Portugal rolls back austerity, how far can it go? (Reuters)

Osborne refuses to apologise for disability benefits cut plan: Chancellor makes first Commons appearance since fiasco that sparked resignation of work and pensions secretary (The Guardian)

U.S. manufacturers still treading water, Markit shows: Flash PMI barely changed in March at 51.4, growth remains soft (Marketwatch)

Why Voters Will Stay Angry (Bloomberg)

How Ted Cruz’s New Senior Economic Adviser Paved The Way For The Financial Crisis (Think Progress)

Michigan Senate approves long-term Detroit schools bailout (Reuters)

Candy Maker Mars Adding GMO Labeling to Its Products (ABCNews)

Download the True Food Shopper's Guide: How to Avoid Foods Made with Genetically Modified Organisms [GMOs] (The Center for Food Safety) Say "No" to GMOs (Non-GMO Project) THE GREAT GMA COVERUP INFOGRAPHIC (TheBoycottList) The Ultimate Guide to GMOs by Dr. Joseph Mercola (Mercola) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

     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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