Wednesday, March 2, 2016

Wednesday roundup (03-02-16)

Fresh recession will cause eurozone collapse, warns Swiss bank [Credit Suisse] (The Telegraph)

Euro zone, IMF split over how much Greece needs to reform (Reuters) Greece's Creditors Said to Face Impasse Over Bailout Terms (Bloomberg) Greece Points Finger at the IMF for Holding Up Bailout Review (Bloomberg)

Moody's cuts China outlook on eve of NPC, cites reform, fiscal risks (Reuters)

S&P: Large Japan economic stimulus would raise concerns (Reuters)

Super Tuesday [in the United States Presidential Primary Elections]: Clinton, Trump win big; Cruz takes Texas; Rubio scores first win (CNN) Super Tuesday Results (The New York Times) US election 2016: Super Tuesday results (The BBC)

The Republican Party now has 14 days to stop Trump (Vox) The Republican Party is truly, profoundly broken (Vox)

Ben Carson to end presidential campaign: 'I do not see a political path forward,' the retired neurosurgeon says after Super Tuesday's results. (Politico)

After Super Tuesday Losses, Bernie Sanders Is in a Whole Lot of Trouble (Mother Jones) The cold, hard truth: it's game over for Bernie Sanders: Like Clinton in 2008, Sanders refuses to accept the reality of defeat. In contrast, Hillary now has her eyes on the prize, and a ruthless Republican opponent (The Guardian) A Big Night For Hillary—and for the Democrats: High turnout among black voters catapulted her to victory—and could send her to the White House. (Slate)

Stopping America’s Federal Debt Explosion (Project Syndicate)

Energy titan Aubrey McClendon dies in single-car crash a day after being indicted (The Los Angeles Times) [News of the indictment was posted here yesterday.] (Economic Signs of the Times blog)

Only the IMF can now save Brazil by Ambrose Evans-Pritchard (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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