Tuesday, November 15, 2016

Tuesday roundup (11-15-2016)

Dollar rise a threat to global financial stability: BIS (Reuters)

ECB's Constancio warns of political, economic risk from Trump's win (Reuters) ‘Trump's win poses DEADLY RISK to eurozone’ - Shock warning from European Central Bank: THE fragile eurozone could be blown apart by the economic policies of president-elect Donald Trump, the European Central Bank (ECB) has warned. (The Express)

[In the United States,] Ethics watchdogs call on Donald Trump to sever business ties (USAToday) Trump’s ‘blind trust’ is neither blind nor trustworthy by Richard Painter and Norman Eisen, former chief White House ethics lawyers for George W. Bush and Barak Obama, respectively (The Washington Post)

[Norway's] Postal service to cut another 550 jobs (News in English)

Boeing to cut 500 jobs in defence and space unit (Reuters)

     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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