Friday, June 9, 2017

Friday roundup (06-09-2017)

Greece approves reforms in return for loans, debt relief (Reuters)

UK's Theresa May will not resign after losing majority, seeks permission to form government (CNBC) May adopts contrite tone after Tory MPs vent anger over election: Prime minister apologises to Tories who lost seats and reaffirms top cabinet posts in DUP-backed minority government (The Guardian)

[In the United States,] After weeks of uncertainty, Trump endorses NATO’s collective defense (The Washington Post) Trump Discovers Article 5 After Disastrous NATO Visit: Trump’s public performance in Brussels was a disaster. Behind closed doors, it was even worse. (Foreign Policy)

Trump accuses Comey of lying, says he’d ‘100 percent’ agree to testify in Russia probe (The Washington Post) ‘The president’s new at this’: Other views: A roundup of what people are saying about James Comey's testimony. (USAToday)

Conservatives near revolt on Senate health care negotiations: Republicans are increasingly pessimistic that key conservative senators will vote for the eventual bill. (Politico)

Americans are suddenly defaulting on their credit cards (The Business Insider)

More retailers are in danger of bankruptcy now than during the Great Recession (The Business Insider)

     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.

No comments:

Post a Comment