Wednesday, January 18, 2017

Wednesday roundup (01-18-2017)

Italians’ Public-Debt Load Up 2,617 Euros Each on Renzi Miss (Bloomberg)

DBRS cuts Italy's credit rating, posing problems for its banks (Reuters)

Federal watchdog: U.S. government spending "unsustainable" (CBSMoneywatch)

Credit Suisse Resolves U.S. Mortgage Probe for $5.3 Billion (Bloomberg)

The Trump lobbying purge that wasn’t: The transition made a big show of sidelining lobbyists, but they found ways to stay involved anyway. (Politico)

     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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