Saturday, December 24, 2016

Saturday roundup (12-24-2016)

Euro zone to unblock Greek short-term debt relief deal in Jan (Reuters) Eurogroup chief says Greece short term debt relief talks to resume: Eurogroup chief Jeroen Dijsselbloem has said talks about initial Greek debt relief measures are to resume. Discussions were halted after Athens decided to pay pensioners a Christmas bonus. (Deutsche Welle)

Are American Consumers Taking On Too Much Debt? (The Big Picture blog)

Trump to dissolve Trump Foundation to avoid conflict, but NY Attorney General says 'you can't' (CNBC) Donald Trump plans to shut down his charitable foundation, which has been under scrutiny for months (The Washington Post)

     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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