Friday, May 13, 2016

Friday roundup (05-13-2016)

Eurozone economy growing slower than thought [The Wall Street Journal via] (Marketwatch)

Greek Bailout Deal Must Have Concrete Debt-Relief, State Minister Says: Comments follow German discussion of potential Greek debt relief (The Wall Street Journal)

Italy Growth Lags Below Euro-Area Average, With Record Debt (Bloomberg)

Italy's Public Debt Hits New Record in March: Italy's public debt broke a new record in March, reaching a historical maximum of 2,228 trillion euros ($2,522 trillion), the Bank of Italy revealed Friday. (Sputnik)

Wall Street Bets on a Democrat for the First Time Since 2008: Contributions from bankers to Republican presidential candidates dried up in the first three months of the year. (Bloomberg)

Symantec to lay off 1,200 amid restructuring (Marketwatch)

     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.

No comments:

Post a Comment