Monday, April 4, 2016

Monday roundup (04-04-16)

Prosecutors open probes as world's wealthy deny 'Panama Papers' links (Reuters) Panama bombshell spells demise of shadow finance, and privacy by Ambrose Evans-Pritchard (The Telegraph)

IMF says insurers pose risks to the global economy (Marketwatch)

Persistent deflation increases pressure on ECB (The Times of London) ECB prepared to do more if necessary to achieve inflation target (Reuters)

Greece, Creditors Resume Bailout Talks Amid Leak Dispute (The Associated Press)

Bank of England to leave Bank Rate at 0.5 pct until early 2017 (Reuters)

Has a Secret International Deal Been Made to Drive the Price of the US Dollar Down? (Economic Policy Journal)

At Minneapolis Fed forum, controversial ideas emerge for safeguarding structure of U.S. banks: The too-big-to-fail topic produces vigorous debate in first forum. (The Minneapolis Star-Tribune) Regulators seen as exhausted in effort to end too-big-to-fail banks: Experts seek to reenergize effort to rein in biggest banks (Marketwatch)

Why Bernie’s Right About Glass-Steagall: Sanders believes that the repeal of the act in 1999 led to the formation of banks that became "too big to fail" -- and will lead to another crisis without corrective legislation. (Moyers & Company)

Illinois on the Brink of Bankruptcy by Martin Armstrong (Armstrong Economics)

     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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