Monday, March 20, 2017

Monday roundup (03-20-2017)

Here’s where the next financial crisis is lurking: Five places where animal spirits are running too high (Marketwatch)

Euro zone's Dijsselbloem wants bailout fund turned into a European IMF (Reuters)

Spain, Italy and Greece owe massive debt of €1 TRILLION to ECB: EURO states owe the European Central Bank (ECB) a staggering €1trillion as they teeter on the verge of bankruptcy amid warnings a debt bubble is on the horizon. (The Express)

Default Fears Resurface Over Singapore's Looming Debt Wall (Bloomberg)

[In the United States,] Will Donald Trump Keep His Campaign Promise To Reinstate Glass-Steagall? (Fortune) The Main Reason Why We Had the Financial Crisis Of 2008 (Lombardi Letter)

Overshadowed executive order sets stage for threatened federal programs, workforce. Layoffs loom. (The Washington Post)

Russian elite invested nearly $100 million in Trump buildings, records show (Reuters)

Comey Confirms Russia Inquiry, Rejects Trump Wiretap Claims (Bloomberg)

Say Hello to $3 Trillion in Forgotten Debt (Bloomberg)

     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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