Saturday, October 29, 2016

Saturday roundup (10-29-2016)

How the politics of debt explains everything [Aeon via] (The Week)

Rajoy Takes Power in Spain Promising Dialogue and Job Creation (Bloomberg) Spain gets new government, but will it be able to govern? (The Associated Press)

[United States FBI Director] James Comey Broke with Loretta Lynch and Justice Department Tradition [in Friday's Clinton E-mail Announcement] (The New Yorker)

No clear path forward on Louisiana budget deficit [of at least $313 million] yet (The Times-Picayune of New Orleans)

October 2016: Unofficial Problem Bank list declines to 177 Institutions (Calculated Risk 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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