Friday, February 10, 2017

Friday roundup (02-10-2017)

Bank For International Settlements Warns Of Looming Debt Bubble (Forbes)

Fitch: Trump's economic plans represent a threat to the world (CNBC)

Trichet: “There Are Probably More Risks Than In 2007-2008” (The Corner)

EU Urges Trump Not to Turn His Back on Global Banking Rules (Bloomberg)

The European Central Bank is about to do something very stupid (The Week) [versus] European Central Bank head Draghi says stimulus still needed [Feb. 6] (The Associated Press)

Greek Bailout Talks Set to Drag Past February Amid Standoff (Bloomberg) [versus] Greece, creditors narrow their differences in bailout talks (The Associated Press)

Tough federal bank regulator [in the United States] calls it quits (CNNMoney) Fed resignation clears way for Trump candidate (USAToday)

Trump vexed by challenges, scale of government: The new president’s allies say he has been surprised that government can’t be run like his business. (Politico) Never Too Soon for a Functional White House (Bloomberg) Separation of Powers, Explained: Welcome to the first month of Democracy Apprentice. (Moyers & Company blog)

Backing away from a fight, Trump to honor one-China policy (The Washington Post)

Trump Administration Considering Shutting EPA’s Enforcement Office: Report: Critics say the move could imperil families across America. (The Huffington Post)

Trump rips court for ‘disgraceful decision’ (The Hill) Donald Trump just lost, bigly (The Washington Post)

U.S. Postal Service says it lost $200 million over holiday season (The Associated Press)

     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.

No comments:

Post a Comment