Thursday, November 10, 2016

Thursday roundup (11-10-2016)

German FinMin urges reduction of high global debt levels (Reuters)

Trouble Ahead for the Global Economy (The American Enterprise Institute)

For Europe, Trump’s Election Is a Terrifying Disaster (The New York Times)

U.S. voters want leader to end advantage of rich and powerful: Reuters/Ipsos poll (Reuters) David Stockman: "The Jig Is Up: America’s Voters Just Fired Their Ruling Elites" by David Stockman (ZeroHedge blog)

Donald Trump's transition team unveils official website, Twitter account (CBSNews) Great Again (GreatAgain)  Transition 2017 (Twitter)

What Trump Means for the Economy: Donald Trump and congressional Republicans will be able to pass an agenda that puts middle-class Americans at risk. by Simon Johnson (Moyers & Company)

Liberal Warren throws down gauntlet to President-elect Trump (Reuters) Acceptance and Response (Calculated Risk blog)

Donald Trump advisors consider [JPMorgan CEO] Jamie Dimon for treasury secretary: Sources (CNBC)

Why Donald Trump's Election Is The Best Thing That's Happened For Banks In Years (Forbes) Warren Says She Would Work With Trump on Bank-Industry Policies (Bloomberg)

Trump’s conflicts of interest are without precedent in American presidential history (The Washington Post blogs) Trump's business empire poses unprecedented potential conflicts of interest (Reuters) Ethics laws don’t require Trump to give up control of his ‘unprecedented’ portfolio: President-elect Trump has no legal requirement to give up control of his business interests (Marketwatch)

Why We Need a New Democratic Party: The Democratic Party hasn't lived up to its promises to the working class for years. It's time to fix this. by Robert Reich (Moyers & Company)

     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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