Tuesday, April 26, 2016

Tuesday roundup (04-26-16)

Obama should tell Merkel to let Greece restructure its debt: U.S. should pressure IMF to refuse to go along with the same old failed austerity (Marketwatch)

Greece is asking for an emergency Eurozone Summit (euronews)

Lessons from Japan: Decades of Decay, Unavoidable Collapse by Charles Hugh Smith (of two minds blog)

Last Week Tonight with John Oliver: Puerto Rico (HBO) [includes some vulgarity] (Youtube)



     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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