Thursday, May 26, 2016

Thursday roundup (05-26-2016)

Eurozone RUPTURE: Now SPAIN threatens to tear EU apart as banks LOSE €1.4BILLION in a day: PANIC over the stability of Spanish banks hit fever pitch today, exposing yet another rupture in the financial system holding the eurozone together. (The Express) Banco Popular capital hike sparks renewed Spanish bank fears (Reuters)

Corporate Japan much more downbeat about escape from deflation: Reuters poll (Reuters)

Earnings fall [in the United States] at fastest rate since the Great Recession: S&P 500 first-quarter earnings declined for the fourth straight quarter, and more sharply than in any quarter since 2009 (Marketwatch)

Clinton's E-Mail Shenanigans Sure Don't Look Like an Honest Mistake (Bloomberg)

     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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