Thursday, April 13, 2017

Thursday roundup (04-13-2017)

Stop Pretending on Greek Debt [Editorial] (Bloomberg) Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes (Greek Reporter)

[In the United States,] GOP establishment sees Trump’s flip-flops as move toward a ‘conventional Republican’ (The Washington Post)

Gary Cohn’s Glass-Steagall Support Is a Trickle-Down Trojan Horse: Trump’s top economic adviser—our Trickle Downer of the Week—is veiling his support for more deregulation behind the rhetoric of financial reform. (The American Prospect)

Why It’s Going to Take Another Financial Catastrophe to Fix Wall Street (New York)

     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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