Friday, April 14, 2017

Friday roundup (04-14-2017)

Consumer prices dropped in March [in the United States] by the largest amount in more than 2 years (CNBC)

Senators See Trump Support Giving Glass-Steagall Bill a Chance: Warren, McCain push for reinstating wall between commercial and investment banking (RollCall)

Borrowers must fight for themselves as student loan reforms are rolled back (The Chicago Tribune)

Yes, all debt is bad debt (The Washington Post)

     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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