Thursday, February 9, 2017

Thursday roundup (02-09-2017)

‘AAA’ rated sovereigns plunge to 13 year low, says Fitch (CNBC)

Is It Getting To Be Time For Another Eurozone Crisis? (Mother Jones)

Greece’s Creditors Said to Prepare Proposal for Bailout Deal (Bloomberg)

Disenchanted and anti-euro Italy troubling for the future of the EU: Analyst (CNBC)

U.S. Economic Collapse Looms as Bankruptcy & Debt Rise, Savings Plunge (Lombardi Letter)

Federal appeals court [in 3-0 verdict] maintains suspension of Trump’s immigration order (The Washington Post) 'See you in court,' Trump tweets after 9th Circuit court refuses to reinstate his controversial travel ban (The Los Angeles Times)

Trump border 'wall' to cost $21.6 billion, take 3.5 years to build: internal report (Reuters)

Kellyanne Conway accused of federal ethics violation (CBSNews) White House says Conway has been ‘counseled’ after touting Ivanka Trump’s products (The Washington Post) Conway: Trump 'supports me 100 percent’ (The Hill) Pledge Allegiance to the Trump Brand: The new normal in the White House is Trump profits before country. (US News & World Report)

Humana to lay off 500 home-care workers in Ohio and Florida (Modern Healthcare)

     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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