Saturday, December 17, 2016

Saturday roundup (12-17-2016)

Venezuela extends use of 100-bolivar bill following protests (The Associated Press) Venezuela postpones currency move after chaos, protests (Reuters)

[In the United States, President-elect Donald] Trump's pick for budget director has urged big spending cuts (The Associated Press)

Kroger offers buyouts to 2,000 workers: Analyst: Move could presage layoffs (SupermarketNews)

     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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