Monday, January 23, 2017

Monday roundup (01-23-2017)

Here are the countries with the biggest debt slaves (The Business Insider)

China's growth boom could be threatened by debt levels says Fitch Ratings (CityAM)

Interest on U.S. debt is economy-killer, 2016 annual financial report shows (The Star-Telegram of Fort Worth, Texas)

Trump Abandons Trans-Pacific Partnership, Obama’s Signature Trade Deal (The New York Times) TPP, explained: What is the Trans-Pacific Partnership that President Trump is withdrawing from? (USAToday)

Trump tells business leaders he wants to cut regulations by 75% or 'maybe more' (CNBC)

Donald Trump threatens business leaders with border tax (CNN)

Trump names net-neutrality critic Ajit Pai as FCC chairman: Republican Pai beings free-market approach, seeks to end many regulations [The Wall Street Journal via] (Marketwatch) Ajit Pai, staunch opponent of consumer protection rules, is now FCC chair: Ex-Verizon lawyer Pai will take “weed whacker” to net neutrality under Trump. (Ars Technica) Meet the new FCC chariman, harbinger of doom for net neutrality (Mashable)

     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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