Sunday, April 23, 2017

Sunday roundup (04-23-2017)

Debt levels [around the globe] are now back where they were when Jim Cramer had his prophetic TV meltdown 10 years ago (The Business Insider) Cramer: Bernanke, Wake Up (Youtube)



Le Pen faces Macron in final round of French presidential election (CNN) Macron faces Le Pen for French presidency as mainstream parties bow out early (France24)

Vijay Mallya's $1 BILLION debt is just the 'tip of the iceberg' of unpaid loans that are holding back India's economy (The Daily Mail)

[In the United States,] Trump and Congress eye shutdown showdown over border wall: The deadline to fund the government is fast approaching, and neither Democrats nor the White House is backing down. (Politico) White House budget chief floats trade on ObamaCare, border wall funding (The Hill blogs)

Trump’s Fake War on the Fake News: The president puts on a big show of assaulting his “opposition” in the news media. But inside the White House, it’s a different story. (Politico)

Stores are closing at an epic pace (CNNMoney)

     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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