Saturday, February 11, 2017

Saturday roundup (02-11-2017)

China’s debt could cause economic disaster ‘worse than 2008’: CHINA'S mounting debts are a huge cause for concern and could blow up into a financial crisis worse than 2008, experts have warned. (The Express)

This is going to be harder than Donald Trump expected (CNN)

Thus far, President Trump has been the con-man-in-chief (The Hill blogs)

‘A Sense of Dread’ for Civil Servants Shaken by Trump Transition (The New York Times)

Angry Constituents Swarm GOP Town Halls Across Country Over Proposal [To Repeal Obamacare]: The protests are reminiscent of seven years ago when Obamacare was put in place. This time, however, the anger isn't aimed at Democrats but at Republicans who want to repeal the law. (NBCNews)

Trump And Republicans' Timeline For Obamacare Repeal Getting Longer (National Public Radio)

The stealth Republican force behind Obamacare repeal: Lamar Alexander is preaching patience as much of the GOP demands quick action. Will his deliberate, bipartisan approach do the trick? (Politico)

Andersons files official notice of [920] store layoffs (The Blade of Toledo, Ohio)

     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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