Wednesday, February 15, 2017

Wednesday roundup (02-15-2017)

Derivatives Could Explode Like A Bomb! (Seeking Alpha)

Eurozone reports sluggish growth, failing to meet expectations: Geopolitical uncertainties surrounding Brexit, US economic policy and European elections are likely to stunt economic expansion in the year ahead (The Guardian)

Le Pen is on course to be France's next president, fund manager says from AI analysis (CNBC)

Nexit, Frexit or Grexit? The countries that could leave the EU next after Brexit: ANTI-EU politicians could triumph in French and Dutch elections, while cash-strapped Greece could crash out of the eurozone. Which country will leave the EU next? (The Express)

[In the United States,] Andrew Puzder withdraws labor nomination, throwing White House into more turmoil (The Washington Post) The Rejection of Andy Puzder (The New Yorker)

With Trump in the limelight, Congress has been quietly working to undo Obama-era regulations (The Los Angeles Times)

Doubts grow that GOP can repeal Obamacare: Probably only Donald Trump can whip the party's warring factions in line, but so far he's sent vague and conflicting messages. (Politico)

[3,200] Layoffs announced at Toledo's Jeep production plant (13ABC)

     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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