Saturday, February 18, 2017

Saturday roundup (02-18-2017)

ALAN GREENSPAN: 'The eurozone is not working' (The Business Insider)

Washington PR offensive fails to quell Europe's anxiety over Trump (Reuters)

Marine Le Pen could 'blow up' the European Union, and the fear's starting to show (CNBC)

‘From bad to worse’: Greece hurtles towards a final reckoning: With another bailout set to bring more cuts, quitting the euro is back on the agenda (The Observer)

Fed President Admits US Banks Have Only "Half The Equity They Need" (ZeroHedge 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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