Tuesday, March 7, 2017

Tuesday roundup (03-07-2017)

France leaving euro will NOT be 'catastrophe' - and Italy will follow, says Marine Le Pen: FRENCH presidential candidate Marine Le Pen has assured voters leaving the eurozone would not result in the economic “catastrophe” her rivals have predicted as she anticipated other countries would follow. (The Express) Le Pen Promises to Resign If EU Exit Vote Fails, AFP Says (Bloomberg)

[In the United States,] Millions Risk Losing Health Insurance in Republican Plan, Analysts Say (The New York Times) Right revolts on ObamaCare bill (The Hill) The Conservative Uprising Against the Republican Health-Care Bill: The new GOP proposal drew immediate criticism from lawmakers who argued it doesn’t go far enough in erasing the Affordable Care Act. (The Atlantic) If you thought the Obamacare backlash was bad, Trumpcare will give Democrats a whipping boy for the ages (The Los Angeles Times)

GOP refuses to back Trump's wiretap claim: Several Republican senators said the president again stepped on his messaging with an unfounded accusation. (Politico) GOP Hill leaders back away from Trump on wiretap allegations (CNN)

Trump surprises group of kids on the first day of White House tours since inauguration (USAToday) President Trump Surprises Children on White House Tour (The New York Times)

Brazil's worst-ever recession unexpectedly deepens in late 2016 (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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