Monday, April 24, 2017

Monday roundup (04-24-2017)

Don’t assume Marine Le Pen is beaten: it’s delusional and dangerous: Leftwingers and ultra-conservatives could yet hand the French presidency to the Front National candidate – by refusing to back Emmanuel Macron on 7 May (The Guardian) Macron and Le Pen are now in a battle for the soul of France (The Los Angeles Times) Win or lose, Marine Le Pen is a nightmare for the EU (CNN)

French Election Results Provide Little Hope To Spur Country's Dismal Economy (Forbes)

Italy situation is bigger elephant in room than French and German elections: UBS chairman (CNBC)

Fitch cuts Italy's debt rating; cites weak growth, political risk (Reuters)

IMF says Greece needs to dig even deeper (Marketwatch)

[In the United States,] Trump seeks 15 percent corporate tax rate, even if it swells the national debt (The Washington Post)

Forget the critics, Mr. President. Your first 100 days have been just fine. (The Washington Post)

The makings of the next credit crisis could be in your driveway (CNBC)

     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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