Tuesday, May 3, 2016

Tuesday roundup (05-03-16)

Citi: Five Trends Keeping Us Worried About a Global Recession: The eye of the storm? (Bloomberg)

Debt: The Key Factor Connecting Energy and the Economy (The Energy Collective)

EU Commission sees euro zone growth slowing, urges more investment (Reuters)

EU forecasts France, Italy, Spain, to miss budget targets (Reuters)

France Requires Extra Austerity to Meet Targets (Dow Jones Newswires)

EU Expects Italy to Miss Debt-Reducing Goal on Slower Growth (Bloomberg)

EU Still Doesn't Believe Rajoy's Plan for Spain's Budget Deficit (Bloomberg)

Australia cuts interest rates to turn back global deflation tide (Reuters)

Kyle Bass: Japan will have to be even more unconventional (CNBC)

Janet Tavakoli: How to Spot a Fraud: The outspoken risk consultant talks to ThinkAdvisor about the biggest red flags for fraud and the two 'big shorts' she sees now (ThinkAdvisor)

Treasury Secretary Jack Lew: Puerto Rico crisis is 'immediate and real' (The Los Angeles Times) Lew Urges Congress to Act on Puerto Rico to Avoid Bailout (Bloomberg)

Puerto Rico is the Next Greece: It‘s the Same Old MO: Entice With Money, Then Foreclose (The San Diego Free Press)

     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