Sunday, May 21, 2017

Sunday roundup (05-21-2017)

Greece's Bailout Review Stalls as Creditors Debate Debt Relief (Bloomberg) Euro zone, IMF to seek compromise on Greek debt deal Monday (Reuters)

A Quarter Of American Adults Can't Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash (ZeroHedge blog)

Russia meeting revelation could trigger obstruction investigation: President Donald Trump’s Oval Office boast to Russian officials will almost certainly prompt a more immediate legal development. (Politico)

West Wing aides brace for big attorney bills: Longstanding conflict-of-interest restrictions limit White House employees from taking free or discounted legal advice, but aides who need lawyers have some options for getting help. (Politico)

Cathay Pacific to cut 600 jobs, including 190 management staff: SCMP (Reuters)

     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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