Wednesday, April 19, 2017

Wednesday roundup (04-19-2017)

Markets Start to Ponder the $13 Trillion Gorilla in the Room (Bloomberg)

The Great Western Economic Depression (Sprott Money)

They want to kill the euro: Why many Europeans want their money back (CNNMoney)

Nobel-winning economists attack Le Pen’s plan to leave Euro (The Connexion)

Brexit’s unpredictable outcome poses risk to global stability, says IMF: Organisation also says financial stability is threatened by US corporate debt, China’s credit bubble and weak EU banks (The Guardian)

China expands bad loan securitisation scheme to include more banks - state media (Reuters)

The US could see a 'significant' rise in public debt-to-GDP ratio: IMF fiscal affairs director (CNBC)

How Trump's First 100 Days Could End in a Government Shutdown: The historical marker on April 29 will coincide with the expiration of federal funding unless Congress can strike a bipartisan deal in time. (The Atlantic) White House eyes harder line on shutdown talks: The push for tighter border security is risky and comes amid pressure for a win. (Politico)

     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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