Wednesday, April 6, 2016

Wednesday roundup (04-06-16)




[World's] Biggest Banks to Face Tougher Debt Limits to End Too-Big-to Fail (Bloomberg)

Economy Sets Tone for Polish Rates as Deflation Worst in Decades (Bloomberg)

China's debt explosion threatens financial stability, Fitch warns (The Telegraph)

Millions of students [in the United States] may never repay their student loans: More than 40% of student borrowers aren’t making payments (Marketwatch)

Entitlements eat up almost two-thirds of U. S. taxpayer money (RNN)

Cruz win [in Wisconsin] moves GOP closer to contested convention (CNN)

Sanders wins big in Wisconsin, but barely dents Clinton delegate lead (The Hill)

Soros & Many Hedge Funds Pouring Money into Hillary by Martin Armstrong (Armstrong Eonomics blog)

6 Reasons I'm Worried Derivatives Could Take Down the Economy Again: Savers and investors should be concerned that another round of bank failures could happen anew. (Kiplinger) [Meanwhile] Regulators take softer line on bank capital for derivatives (Reuters)

The Coming Default Wave Is Shaping Up to Be Among Most Painful (Bloomberg) Default Tsunami Brewing (Bloomberg)

Nokia to cut thousands of jobs following Alcatel deal (Reuters)

Fiat Chrysler to cut 1,300 jobs in first layoff since 2009 (CNNMoney)

Spanish union says Santander plans to lay off 1,200 workers (Reuters)

     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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