Friday, January 20, 2017

Friday roundup (01-20-2017)

‘None of us knows what is going to happen’: Trump’s presidency takes America into uncharted waters. (Politico)

Trump's policies are 'very, very favorable' to financials, former Wells Fargo CEO says (CNBC)

Here’s How Much Barack Obama Added to the National Debt (Fortune)

Brutal Austerity Is Coming to a Statehouse Near You: Most eyes are on federal politics, but big cuts could be coming to your state. [Jan. 15] (AlterNet)

     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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