Sunday, March 26, 2017

Sunday roundup (03-26-2017)

‘Marine Le Pen could WIN French election’, Goldman Sachs tells investors: A LEADING Goldman Sachs strategist has told investors to be wary of polls ahead of the French election amid suggestions that Front national leader Marine Le Pen could become the country’s next president. (The Express)

Spain's EU exit on horizon as ‘only a miracle’ can save nation from debt bubble BURSTING: SPANISH university professors and economists are calling on Prime Minister Mariano Rajoy to come clean over its debt burdens as calls for the country to leave the European Union (EU) grow. (The Express)

[In the United States,] Trump taps Kushner to lead a SWAT team to fix government with business ideas (The Washington Post)

Republicans turn fire on each other: Trump rips Freedom Caucus as GOP infighting explodes into the open. (Politico) OMB Director Mick Mulvaney: Washington’s ‘A Lot More Broken’ Than Trump Thought (NBCNews)

Fox News host calls on Ryan to step down, hours after Trump tweets about her show (The Washington Post) Judge Jeanine: Paul Ryan needs to step down as House speaker (Youtube)

White House looks past conservatives on tax reform - to Democrats (Reuters) Reince Priebus says it may be time to get Democrats "on board" (CBSNews) Some Lawmakers Now Look to Bipartisanship on Health Care (The New York 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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