Thursday, March 23, 2017

Thursday roundup (03-23-2017)

Italy is Europe’s leaden-toed boot: The host of the EU’s 60th anniversary party is the country most likely to bring it down (The Economist)

'Grexit' is back (The Business Insider) Leaving the euro would be devilishly difficult: It would not, however, be impossible (The Economist)

[In the United States,] Trump Ultimatum: Vote on Health Care Friday or Obamacare Stays (NBCNews)

Why Donald Trump is a terrible leader: The president has forgotten the people he promised never to forget [owned by Dow Jones, publishers of the editorially conservative newspaper The Wall Street Journal] (Marketwatch)

Is the Republican party about to implode?: As Donald Trump makes more enemies inside his own party, a Republican civil war seems inevitable (MacLeans)

With no emerging leaders, no clear message, Democrats flounder (The Hill blogs)

Teva to Cut Undisclosed Number of Jobs [as many as 6,000?] as It Seeks to Pare Costs (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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