Friday, August 5, 2016

Friday roundup (08-05-2016)

Monte Paschi Clean-Up Would Still Leave Bank in Danger Zone (Bloomberg)

PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge (Reuters)

Trump Names Wall Street And Real Estate Titans As Economic Advisers (National Public Radio) Trump unveils all-male economic advisory team (Politico) Donald Trump’s new team of billionaire advisers could threaten his populist message (The Washington Post blogs)

Trump, the Bad, Bad Businessman (The New York Times)

CPS lays off more than 500 teachers, another 500 school-based workers [but most expected to be hired elsewhere] (The Chicago Tribune)

     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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