Sunday, February 26, 2017

Sunday roundup (02-26-2017)

Think-tank warns fourth bailout for Greece ‘inevitable - as Germany refuses to offer relief (This is Money) No debt relief for Greece, says German deputy finance minister Jens Spahn: Fear of sending wrong signal to countries such as Spain among reasons for Germany’s strict line on Athens (The Independent)

[Former United States Budget Director David] Stockman: "After March 15 Everything Will Grind To A Halt" (ZeroHedge blog) Giant Fiscal Bloodbath Coming Soon-David Stockman (USAWatchdog) (Youtube)

     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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