Thursday, April 21, 2016

Thursday roundup (04-21-16)

Eurozone will face negative rates for years [; inflation 'could turn negative again'], says Mario Draghi (The Telegraph)

Greek talks with lenders fraught as fears grow of default: Crisis returns to Greece as unemployment reaches 30% and debt repayment deadlines loom (The Guardian) Greece, EU/IMF lenders make progress but still no deal (Reuters) The crazy reason we might be facing a huge crisis in Greece again (The Washington Post)

The Germans are revolting over ECB policy (CNBC)

Spain, Portugal miss budget deficit reduction targets in 2015 (Reuters)

Osborne misses target for UK deficit, downturn signals grow (Reuters)

Volkswagen Owners [in the United States] Will Get a Choice: a Buyback or Repairs (The Associated Press)

"This Is Going To Be A National Crisis" - One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits (ZeroHedge blog)

Sears closing 10 stores and 68 Kmarts (CNNMoney)

Lloyds to axe 625 jobs and shut 21 branches amid cost-cutting: Banking group will move some roles to India as it continues process of shedding 9,000 posts as announced in 2014 (The Guardian)

What Are Tangible Assets? by Martin Armstrong (Armstrong Economics blog)

     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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