Monday, February 13, 2017

Monday roundup (02-13-2017)

Eurozone debt crisis 2.0: French election and Greece panic markets: THE eurozone faces a toxic cocktail of risks that could create a second debt crisis and send the bloc into a meltdown worse than 2012, fear investors. (The Express)

Has Italy's Economy Hit Crisis Point? (ShareCafe)

[In the United States,] President Trump's National Security Adviser Michael Flynn has resigned (CNBC) Michael Flynn Resigns as National Security Adviser (The New York Times) Turmoil at the National Security Council, From the Top Down (The New York Times) Justice Department warned White House that Flynn could be vulnerable to Russian blackmail, officials say (The Washington Post)

Trump reviews top White House staff after tumultuous start: Michael Flynn is under fire, but he’s not the only one about whom Trump is voicing his doubts. (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.

No comments:

Post a Comment