Wednesday, November 30, 2016

Wednesday roundup (11-30-2016)

Italian banks hold nearly a third of euro zone's bad loans - ECB (Reuters)

[United States President-elect Donald] Trump announces he will leave business ‘in total’ — leaving open how he will avoid conflicts of interest (The Washington Post) Trump faces challenges in separating from business: legal experts (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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