Monday, February 20, 2017

Monday roundup (02-20-2017)

Italy: Drowning not Wading (National Review) The European Union at a Crossroads (London School of Economics blog)

Greece's creditors dash hopes for quick deal as debt inspectors prepare to return to Athens (The Telegraph)

Pence: Trump White House supports 'free and independent press' (Politico)

Household debt to hit new record in 2017: All categories of debt increased in Q4 (HousingWire) Household debt is dangerously close to 2008 levels [Feb. 16] (CNNMoney)

Student Debt in America Has Hit a New Record: President Trump has called student debt an "anchor" weighing down young Americans. (Bloomberg)

     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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