Tuesday, January 10, 2017

Tuesday roundup (01-10-2017)

Europe’s year of living dangerously (The American Enterprise Institute)

Desperate Eurozone to borrow BILLIONS to fund Greece rescue amid fears of crash: THE eurozone's bailout fund is borrowing tens of billions so it can fund a rescue plan for Greece, amid fears the country's debt crisis could once again send shockwaves through the bloc. (The Express)

Sir John Vickers: 'Bank of England stress tests not tough enough' (ITV)

[United States President-elect] Donald Trump’s ‘first attempt to ignore the law’ (The Washington Post)

CNN: Intelligence Report Indicates Russia Has Compromising Information On Trump (Crooks and Liars blog)

Hundreds of Colleges Saddling Students With Unaffordable Debt, Feds Say: Even some Harvard grads are leaving school with debt they can't repay. (Bloomberg)

Thoma: "Here's what really caused the housing crisis" (Calculated Risk blog)

What Is Driving The 'Unbanking Of America'? [National Public Radio's Fresh Air, via] (WUNC)

     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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