Sunday, November 13, 2016

Sunday roundup (11-13-2016)

Barack Obama calls for 'meaningful debt relief' for Greece: US president says it is in world’s interest for Greece to stay in eurozone and praises EU as ‘one of greatest political and economic achievements of modern times’ (The Guardian)

[United States President-Elect Donald] Trump Taps Reince Priebus As Chief Of Staff, Steve Bannon As Chief Strategist (National Public Radio)

     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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