Wednesday, April 27, 2016

Wednesday roundup (04-27-16)

EU Says Deal on Greek Bailout Reforms Needed Within Days (The Associated Press) Greek bailout talks stall on impasse over austerity measures: Raises prospect of default by Athens on debts due in July [The Wall Street Journal via] (Marketwatch)

Graduate debt 'higher in England than in US': Sutton Trust report warns finding is 'cause for concern' (Times Higher Education)

Fed signals no rush to raise rates as pace of U.S. recovery moderates (Reuters)

Clinton, Trump Win Big, Look Toward November (The Voice of America) Trump and Clinton: It's time (CNBC)

Puerto Rico poised for default, draws tough talk from governor (Reuters)

Brazil banks brace for fresh wave of loan refinancing deals (Reuters)

Lockheed Martin announces layoffs [of up to 1,500 positions] (WBNG)

     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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