Friday, December 9, 2016

Friday roundup (12-09-2016)

France to Stumble on Deficit Pledge Says Bank of France (Dow Jones Newswires)

IMF tells Italy to push on with economic reform (Agence France Presse)

ECB won’t give world’s oldest bank [Italy's Monte Paschi di Sienna] extra time to raise cash (CNBC) Can the world's oldest bank survive Italy's upheaval? (CNNMoney)

Greek crisis could erupt AGAIN as eurozone is too unrealistic, IMF warns: EUROZONE chiefs MUST lower Greece's financial targets to prevent crippling Athens and falling into ANOTHER crisis, the International Monetry Fund (IMF) has warned. (The Express)

Europe's peripheral markets are warning of trouble ahead (The Business Insider)

Do [United States President-elect Donald] Trump’s Cabinet picks want to run the government — or dismantle it? (The Washington Post)

Gold Headed Lower Under $1,000 into the Abyss by Martin Armstrong (Armstrong Economics blog)

US 30-Year Bonds — the Party Is Over by Martin Armstrong (Armstrong Economics blog)

     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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