Friday, April 21, 2017

Friday roundup (04-21-2017)

Fitch cuts Italy's debt rating; cites weak growth, political risk (Reuters) I.M.F. Torn Over Whether or Not to Bail Out Greece Again (The New York Times blogs)

IMF applauds Greek surplus, wants debt strategy before joining bailout (Reuters)

[In the United States,] Trump says 100-day marker is ‘ridiculous.’ But he’s scrambling to show progress by then on taxes, health care. (The Washington Post) Donald Trump just pulled a major flip-flop on his first 100 days in office (CNN)

Trump, Republicans face tricky task of averting U.S. government shutdown (Reuters)

White House pressures GOP leaders on Obamacare showdown next week: ‘The question is whether it can get 216 votes in the House, and the answer isn't clear at this time,’ a senior GOP aide said. (Politico) Uphill battle looms as Trump seeks revamped healthcare plan (Reuters)

Wal-Mart is slashing prices and deepening deflation woes for retailers (FoodDive)

     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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