Monday, May 15, 2017

Monday roundup (05-15-2017)

Greece slides back into recession at start of 2017 (The Telegraph)

Debt fears as county court judgments soar by more than a third: Year-on-year figures for first quarter follow warnings from Bank of England, MPs and charities over dangerous levels of debt (The Guardian)

Reports of Trump sharing classified info point to growing fear of him [in the United States] (CNBC) Ex-intelligence leaders: ‘Nightmare’ if Trump leaked to Russia: The president could have hampered the U.S. response to ISIS, security experts say. (Politico) Trump revealed highly classified information to Russian foreign minister and ambassador (The Washington Post) Trump Revealed Highly Classified Information To Russians During White House Visit: The president disclosed classified intelligence with the Russian ambassador and foreign minister last week, two US officials confirmed to BuzzFeed News. (BuzzFeed) Lawmakers express shock and concern about Trump disclosure of classified information (The Washington Post) GOP Senator: White House In A ‘Downward Spiral’: Trump ally Bob Corker said the administration “has got to do something soon to bring itself under control.” (The Huffington Post) Reckless, stunning, inexcusable: Democrats on report that Trump disclosed highly classified info (CNBC) White House Denies Reports of Classified Leaks to Russia (NBC Nightly News)

G.O.P. Senators Pull Away From Trump, Alarmed at His Volatility [May 14, before the intelligence story broke] (The New York Times)

Trump's quick to fire, but slow to hire, and that's creating a massive security risk [conservative National Review via] (CNBC)

American institutions are ‘under assault’ by Trump. But do people care? (The Washington Post)

     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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