Friday, May 12, 2017

Friday roundup (05-12-2017)

Manager of the world's biggest hedge fund [Ray Dalio] says the long-term economic picture 'looks scary' (CNBC)

IMF, euro zone say need more time to reach Greek debt relief deal (Reuters)

[In the United States,] Trump Interview With Lester Holt: President Asked Comey If He Was Under Investigation (NBCNews)

In a Private Dinner, Trump Demanded Loyalty. Comey Demurred. (The New York Times)

Trump's warning to Comey deepens White House crisis (The Hill) Bob Schieffer On Trump: 'He’s Making Fools Of His Own Staff' (Crooks and Liars blog)

5 Questions About James Comey’s Firing, Answered: A former FBI special agent weighs in. (Politico)

The one little number that — so far — is all the protection Donald Trump needs (The Washington Post)

Something Trump and Elizabeth Warren agree on: Bringing back Glass-Steagall to break up big banks (The Los Angeles Times)

     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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