Thursday, March 2, 2017

Thursday roundup (03-02-2017)

'EU is a dead man walking' Le Pen promises 'FREXIT' referendum in anti-Brussels tirade: MARINE LE PEN has promised French voters “a referendum on Frexit” if she is successful in the upcoming presidential elections. (The Express)

Greece Debt Relief Going Directly To Hedge Funds As Greek Poverty Rates Soar (ValueWalk)

Australian housing market crash could lead to broader downturn, OECD warns: Paris-based economic organisation says boom may end in ‘significant downward correction’ and government policy should limit investor lending (The Guardian)

Who Runs Trump's White House? (BloombergView)

Trump’s speech was a broadside attack on the values of a free society (The Washington Post)

Debt ceiling "X" date to hit in October or November (CNNMoney)

Trump’s team nixed ethics course for White House staff (Politico)

TRUMP THREATENS DRINKING WATER FOR ONE IN THREE PEOPLE: Earthjustice President Trip Van Noppen: “President Trump’s reckless order is an assault on each and every one of us, our health, and our well-being.” (EarthJustice)

Illinois faces continued economic downturn, think tank reports (Chicago City Wire)

Boeing gets 1,880 union workers to take voluntary layoffs (Reuters)

     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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