Monday, May 1, 2017

Monday roundup (05-01-2017)

U.S. inflation retreats in March from 5-year peak (Marketwatch)

U.S. Manufacturing Expanded Less Than Forecast in April (Bloomberg)

Consumer Spending in U.S. Stalls in March (Bloomberg)

Trump Says He’ll Sign Congress Spending Deal That Jettisons His Goals (Bloomberg) Congress claws back power from Trump: The budget agreement includes several provisions designed to rein in the president. (Politico) Democrats confident they can block Trump’s agenda after spending-bill win (The Washington Post)

GOP faces make-or-break moment on Obamacare repeal: This week may be the last, best chance to get it done in the House. (Politico) GOP struggles to find ObamaCare repeal votes (The Hill) Pushing for Vote on Health Care Bill, Trump Seems Unclear on Its Details (The New York Times) An interview suggests Trump doesn't know what's in his health bill: Either the president doesn’t understand the proposal — or isn’t telling the truth about it. (Vox)

Trump is considering new Glass-Steagall-style bank rules (The BBC) Trump mulling breakup of Wall Street banks (The Hill)

U.S. regulators to delve into 'too big to fail' designation (Reuters)

Why Paul Volcker fears Trump’s push to roll back Dodd-Frank: Former Fed chairman has concerns about plan to junk bank reform law (Marketwatch)

Trump keeps praising international strongmen, alarming human rights advocates (The Washington Post) Trump Follows Instincts, Not Establishment, With Overtures to Kim and Duterte (The New York 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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