Tuesday, January 17, 2017

Tuesday roundup (01-17-2017)

Eurozone banks see credit standards easing: ECB (Marketwatch)

EU asks Italy to cut back 2017 budget deficit: Treasury source (Reuters)

Deutsche Bank finalizes $7.2 billion settlement [with the United States Department of Justice] (CNNMoney) It's official: Deutsche Bank reaches $7.2 billion RMBS settlement: Largest RMBS settlement ever (HousingWire)

Morgan Stanley pays $13 million to settle overbilling charges: Company says the charges were the result of coding errors (ConsumerAffairs)

The restaurant recession turned even more damaging in December (Marketwatch)

As Trump Era Arrives, a Sense of Uncertainty Grips the World (The New York Times)

Airplanes, golf courses, trademarks and more: Trump’s government will oversee his businesses (The Washington Post)

Lowe’s cutting 2,400 full-time jobs as part of staffing overhaul (The Charlotte Observer)

     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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