Sunday, April 10, 2016

Sunday roundup (04-10-16)

Global recovery ‘in danger of stalling’ [The Financial Times via] (CNBC)

Meanwhile In Germany, An Unexpected Ad Appears ["... what this ad does is scream deflation."] (ZeroHedge blog)

Greece Points Finger at IMF for Bailout Delay as Talks Continue (Bloomberg) Tsipras demonizes IMF to rally troops for bailout sacrifices (Reuters) Solution on Greece will be found soon but without debt relief: German finance minister (Reuters)

Spain to ask Brussels for extra year to meet deficit target (Reuters)

Italy govt calls meeting Monday to finalise bank fund plan - sources (Reuters) Italy facing a £4bn bank bailout after country's lenders lose nearly half their stock market value since start of the year (This is Money)

Beijing risks 'ERM-style' currency crisis as deflation persists by Ambrose Evans-Pritchard (The Telegraph)

Sanders wins Wyoming Democratic caucuses, Cruz takes Colorado delegates (FoxNews) Cruz outmaneuvering Trump in behind-the-scenes battles for delegates (The Los Angeles Times)

     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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