Sunday, January 29, 2017

Sunday roundup (01-29-2017)

Eurozone 'destruction' necessary if countries are to thrive again, warns former ECB hawk [Jürgen Stark] (The Telegraph)

Greece has three weeks to deal with 'potentially disastrous' debt, says IMF: Failure of Greece and the EU to reach compromise by 20 February ‘would bring back Grexit with a vengeance’. (The Guardian)

A DANGEROUSLY ISOLATED PRESIDENT (The New Yorker) Trump Elevates Bannon, Sabotages Himself: The new president really needs a strong National Security Council. It looks like he doesn't want one—not after putting his alt-right campaign CEO Steve Bannon on it. [Foreign Policy via] (The Daily Beast) Trump just made an unprecedented, 'radical' change to the National Security Council (The Business Insider)

Trump's Immigration Fiasco Might Be More Premeditated Than We Think (Mother Jones)

January 2017: Unofficial Problem Bank list unchanged at 163 Institutions (Calculated Risk blog)

     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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