Monday, March 6, 2017

Monday roundup (03-06-2017)

CDS markets signal rising fear of euro breakup (Financial Times Alphaville)

China’s banking system overtakes eurozone to become the biggest in the world: Some analysts have said credit boom has led to wasteful investments, overcapacity in certain industries and unsustainable debt levels (The Independent)

Canada, China Flashing Warning Signs Of Financial Crisis: Report (The Huffington Post Canada)

Trump’s new travel ban still wouldn’t have kept out anyone behind deadly U.S. terror attacks (The Washington Post) Trump's 'Muslim Ban 2.0' is still the same flawed, un-American mess (The Hill blogs)

This former British lawmaker is at the heart of the Trump wiretap allegations (The Washington Post) If the Feds Did Wiretap Trump Tower, It’s Not Obama Who Should Worry (Wired)

Fed’s Kashkari: Bank CEOs are talking ‘complete nonsense’ to try to win less regulation: Claims they have too much capital are false, Minneapolis Fed President says (Marketwatch)

Trump Has Many Jobs Unfilled; Is He 'Deconstructing The Administrative State'? (National Public Radio)

GM to lay off 1,100 at Lansing Delta plant, cut third shift [The Lansing State Journal via] (The Detroit Free Press)

     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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