Saturday, March 18, 2017

Saturday roundup (03-18-2017)

Shadow Lending Threatens China’s Economy, Officials Warn (The New York Times)

Donald Trump says Germany owes 'vast sums of money' to NATO, US for defence (The Associated Press) Trump Tweets Suggest President (Still) Doesn’t Understand How NATO Works (Slate) Fact-checking Trump's tweets: Does Germany owe NATO 'vast sums of money'? (ABCNews) No, Germany doesn’t owe America ‘vast sums’ of money for NATO (The Washington Post)

Trump 1, free trade 0: G20 drops pledge to fight protectionism (CNNMoney)

GOP health plan would hit state budgets hard: Moody's (CNBC)

L.A. budget report warns of $224-million deficit next year (The Los Angeles Times)

     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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