Saturday, December 10, 2016

Saturday roundup (12-10-2016)

OPEC, non-OPEC agree first global oil pact since 2001 (Reuters)

Greek parliament approves 2017 budget projecting return to strong growth (Reuters)

US government shutdown averted, Senate backs stop-gap spending bill (The Associated Press)

A month into the transition, the country remains deeply divided over Trump (The Los Angeles Times)

The March of the Billionaires: On Trump’s Bait and Switch: How to swamp Washington and double-cross your supporters big time by Nomi Prins (CommonDreams)

Majority of Americans Say Trump Can Keep Businesses, Poll Shows (Bloomberg)

High student debt hurts millennials, economy: [Fitch Ratings] Study finds an indebted generation could hurt all of us (The Houston Chronicle)

[California's Santa Barbara] County facing projected $12M budget deficit (Santa Ynez Valley News)

     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