Wednesday, March 8, 2017

Wednesday roundup (03-08-2017)

The era of global cheap money is coming to a timely end (South China Morning Post)

The European Debt Bomb Fuse Is Lit! Target2 Imbalances Hit Crisis Levels [Feb. 26] (ZeroHedge blog)

ECB to sit tight ahead of potential election upsets (Reuters)

Italy's Target 2 liabilities hit new record high in February (Reuters)

Greek farmers clash with riot police in Athens over austerity: Windows smashed and stones hurled at police firing teargas as more than 1,000 people travel from Crete to protest against tax hikes (The Guardian)

American Medical Association Opposes Republican Health Plan (The New York Times) Doctors, hospitals and insurers oppose Republican health plan (The Washington Post)

Meet the hundreds of officials Trump has quietly installed across the government [ProPublica via] (CNBC)

Illinois' deficit grows to $9.6 billion in fiscal 2016: audit (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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