Saturday, January 28, 2017

Saturday roundup (01-28-2017)

Former Soviet leader Mikhail Gorbachev warns, ‘It all looks as if the world is preparing for war’ (The New York Daily News)

Bank of England clampdown set to put the brakes on runaway levels of household borrowing (This is Money)

Google Recalls Staff to U.S. After Trump Immigration Order (Bloomberg) Trump immigration ban sends shockwaves through tech industry (USAToday) Chaos at airports as Trump’s immigration order goes into effect (McClatchyDC)

President Trump's Muslim ban excludes countries linked to his sprawling business empire (The New York Daily News) How Does Trump's Immigration Freeze Square With His Business Interests? (National Public Radio)

Fears That Trump’s Visa Ban Betrays Friends and Bolsters Enemies (The New York Times)

     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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