Saturday, April 23, 2016

Saturday roundup (04-23-16)

ECB's Nowotny says negative rates necessary to avoid deflation (Reuters)

Sovereign-Debt Debate Divides EU as Schaeuble Pushes for Limits (Bloomberg) Schaeuble Sees No Greece Debt Relief as Long as Debt Sustainable (Bloomberg)

5 Signs [United States Republican Presidential Candidate] Donald Trump Is Having a Full-Blown Identity Crisis (Vanity Fair) Trump Says He Doesn't Like Toning Down Rhetoric Amid Calls to be Presidential (NBCNews)

[Democratic candidate] Hillary Clinton isn’t picking Elizabeth Warren for vice president. Here’s why. (The Washington Post) Hillary Clinton Hasn’t Ruled Out Elizabeth Warren As a Running Mate (Vanity Fair) Why Elizabeth Warren Would Have More Clout As Hillary Clinton’s VP: Even Warren’s Senate power can’t beat White House influence. (The Huffington Post) The Most Focused and Effective Democratic Messenger We Have Is Elizabeth Warren: The senator from Massachusetts is delivering a well-developed and stinging critique of Republican extremism—and Ted Cruz’s whining. (The Nation)

Three Reasons Why "Too-Big-to-Fail" Banks Need to Be Broken Up (Truthout)

     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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