Wednesday, February 1, 2017

Wednesday roundup (02-01-2017)

Why ‘Grexit’ worries are back on the market’s radar: Tall order to wrap up Greece talks before a round of crucial eurozone elections (Marketwatch)

Italian banks make little headway in clearing out bad loans: ECB (Reuters)

Bank of Italy and ECB say euro exit would be disaster for Italy [Reuters via] (The Daily Mail)

[In the United States,] Fed Leaves Rate As Is, For Now: The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration. (The Associated Press)

Donald Trump’s Mission Creep Just Took a Giant Leap Forward: In just a few days the new president has upended the rules of democracy with a clumsy heavy-handedness worse than we imagined. (Moyers & Company)

Ignore the attacks on Neil Gorsuch. He’s an intellectual giant — and a good man.: Trump's nominee to the Supreme Court will be smeared. But those who know him know better. (The Washington Post) Trump's Gorsuch pick assures integrity of America's elections process (The Hill blogs) Why Liberals Should Back Neil Gorsuch (The New York Times)

Ohio Democrats want Donald Trump to make good on campaign pledge to rein in banks (Cleveland)

     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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