Wednesday, March 29, 2017

Wednesday roundup (03-29-2017)

Lenders do not confirm preliminary deal on Greek bailout (Reuters) Grexit showdown: ‘High’ chance of Greece CRASHING out of eurozone amid bailout deadlock: GREECE could crash out of the eurozone and leave the EU as bailout talks reach deadlock once again sparking fears Greece or Germany could pull out of the deal. (The Express)

Portugal Calls for EU Reform Push as Britain Starts Divorce (Bloomberg)

Italy privatization drive peters out as 2018 election moves closer (Reuters)

Three charts that show Britain's borrowing binge isn't over as growth in credit card debt hits 11-year high (The Telegraph)

[In the United States,] The scary statistic that shows why Trump needs to fix Social Security now (CNBC)

     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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