Saturday, April 16, 2016

Saturday roundup (04-16-16)

Greece’s Creditors Weigh Extra Austerity Measures to Break Deadlock: Bid to bridge differences between Europe and IMF that threaten to unravel Greek bailout (The Wall Street Journal)

Anti-austerity protest: tens of thousands attend London march: Noisy crowd wielding banners, expletive-filled placards and pig effigies descend on capital from across the UK (The Guardian)

     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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