Wednesday, March 22, 2017

Wednesday roundup (03-22-2017)

Is Le Pen miles ahead in French polls? 'Secret polls' claim National Front candidate is actually far more popular with voters than official surveys forecast (The Daily Mail) But...What if she doesn't win? UBS' Gordon on the risks of Marine Le Pen losing the French election (CNBC)

Italy to test EU rules again with Veneto banks bailout (Reuters)

Trump Has a [United States] Debt Ceiling Problem: Like any real estate mogul, he loves spending other people’s money. He’s about to find out how painful that will be. (Slate)

Trump's Wall Street cop is a big defender of Wall Street (CNNMoney)

Only 3 in 10 Americans approve of how Trump is handling health care (The Washington Post)

Has Trump lost all credibility? The questions are growing. [Includes report on a "scathing" editorial in the editorially conservative newspaper The Wall Street Journal] (The Times-Picayune of New Orleans) Tom Brokaw Declares Trump White House 'Full Of Burning Fuses' (Crooks and Liars blog)

My Visit to Trump’s Washington: Republicans no longer believe Trump will give them cover to do what they want to do. by Robert Reich (Moyers & Company)

Yellen's Dangerous Glass-Steagall Repression (Daily Reckoning)

Sears Plummets After Filing Sparks Concern That End Is Near (Bloomberg)

PostNord cutting up to 4,000 Danish jobs in response to digitisation (ComputerWeekly)

Canada's Enbridge to cut 1,000 jobs after buying Spectra (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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