Monday, April 25, 2016

Monday roundup (04-25-16)

Why Eurozone Inflation Expectations Are Going Up and Down at the Same Time: Investors believe in slightly higher inflation in the near term, but are increasingly gloomy about the central bank's power to stoke up prices over the longer run (The Wall Street Journal blogs)

Greece, EU/IMF lenders resume talks over bailout reforms (Reuters)

Discord Pushes Spain Into Fifth Month With No Government (The New York Times)

UK retailer BHS close to collapse with 11,000 jobs at risk (Reuters) The Collapse of BHS is a Warning for the U.K’s Faltering Pension Schemes: With thin yields, pension funds will struggle to find safe assets with yields high enough to meet their liabilities. (The Wall Street Journal blogs)

Clean water crisis threatens US (The Hill)

The Chicago Pension Scandal: $100,000+ Teacher Pensions Costing Taxpayers $1 Billion (ZeroHedge blog)

Puerto Rico Economy Worsens With Crisis, Most Anywhere You Look (Bloomberg)

     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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