Monday, May 23, 2016

Monday roundup (05-23-2016)

Euro-Area Growth Seen Slowing as Outlook Clouds Amid Weak Orders (Bloomberg)

Failed Greek bailout forces more rescue talk from Europe (CNBC)

While euro zone banks regain footing, Italian lenders still in shambles (The Globe and Mail of Toronto)

Austria rejects far-right presidential candidate after cliffhanger election (CNBC) The Guardian view on the Austrian presidential elections: disaster narrowly averted [Editorial] (The Guardian)

‘Massive Bailout’ Needed in Debt-Saddled China, Analyst Chu Says (Bloomberg)

Markit PMI shows U.S. manufacturers stagnant: May Markit flash index dips to 50.5 from 50.8; production declines (Marketwatch)

The ‘scariest chart out there’ looms over pivotal week for markets (Marketwatch) ["I predict that the current level of household net worth is not sustainable."] (Hedgeye)

The college debt crisis is even worse than you think: We tell students they need a bachelor’s degree to get ahead. But for too many, the numbers no longer add up. (The Boston Globe)

Why Trump Might Win: Some Americans welcome the presumptive GOP nominee's brand of anti-politics, which rewrites everything we thought we knew about the process. by Robert Reich (Moyers & Company)

No, Paul Ryan, Austerity Will Not Fix the Starving Puerto Rican Economy: House Republicans want to let an unelected “control board” impose brutal cuts on people who have already suffered enough. (The Nation) [versus] Chapter 9 bankruptcy isn’t the only option for Puerto Rico (National Review)

     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