Sunday, June 11, 2017

Sunday roundup (06-11-2017)

Trump is starting to draw battle lines with [the United States] Congress on an issue [= the debt ceiling] with huge implications for the global economy (The Business Insider)

Supreme Court limits SEC's power to recover ill-gotten gains [June 5] (Reuters)

Trump interactions were 'very weird and peculiar,' former US attorney Preet Bharara says (The Associated Press) There's 'absolutely evidence' to begin obstruction of justice case on Trump: Bharara (ABCNews)

     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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