Sunday, January 8, 2017

Sunday roundup (01-08-2017)

No one can afford to stop the [UK's] new consumer credit crisis: The Bank of England is too complacent about rising debt in households with stagnant incomes. But government dare not risk any slowdown in spending (The Guardian)

[In the United States, President-elect Donald] Trump has taken few steps to disentangle from private empire (The Associated Press)

Trump confidants could face tangle of potential conflicts as presidential advisers (The Washington Post)

Report: During Trump transition, foreign policy matters relayed through Jared Kushner (Jewish Telegraphic Agency) Ivanka Trump and Jared Kushner: Israel’s insurance policy: For the first time in its history, instead of leaning on a world power, Israel is leaning on the marital relationship between the US president-elect’s daughter and her Jewish husband. We should hope and pray, therefore, that this marriage lasts many years, or at least until the end of the president’s term. (YNet) Jared Kushner, a Trump In-Law and Adviser, Chases a Chinese Deal (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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