Saturday, April 8, 2017

Saturday roundup (04-08-2017)

Greece Gets Another Bailout Extension But The Basic Problem Still Isn't Solved (Forbes)

Plastic fantastic? Why our [UK] debt frenzy may be catching up with us (The Telegraph)

The Emerging Trump Doctrine: Don’t Follow Doctrine (The New York Times) McMaster shows clout in Trump's first crisis (The Hill)

[US] Retail Store Job Cuts Deepen as More Buyers Migrate Online (The Associated Press)

     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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