Friday, December 2, 2016

Friday roundup (12-02-2016)

Italy, Not France, Could Be The Next Chapter In The Brexit-Trump Saga: While everyone obsesses over the future of France, the seeds of an “Italexit” are being sown. (The Huffington Post)

Italy has requested possible Monte dei Paschi bailout: paper [= Corriere della Sera] (Reuters)

Here's Why Italy's Zombie Banks Should Be Terrified About a 'No' Vote In Renzi Referendum (Fortune)

Spain Raises Taxes to Try to Meet EU Deficit Target (The Associated Press)

These are the 16 CEOs who’ve agreed to serve on [United States President-elect Donald] Trump’s new “Strategic and Policy Forum” (Quartz)

Sarah Palin: Trump's Carrier deal is 'crony capitalism' (Politico)

     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.

No comments:

Post a Comment