Sunday, May 22, 2016

Sunday roundup (05-22-2016)

Saudi financial crisis 'could leave oil at $25’ as contractors face being paid in IOUs by Ambrose Evans-Pritchard (The Telegraph)

Greek Lawmakers Narrowly Approve Austerity Legislation (The New York Times)

Results of Austrian presidential vote too close to call: Direct ballots have been counted but absentee votes are still to come from Austria's run-off vote for a president. Far-right leader Norbert Hofer and former Greens politician, Alexander Van der Bellen are neck and neck. (Deutsche Welle)

How corporate America bought Hillary Clinton for $21M (The New York Post)

     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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