Monday, July 10, 2017

Monday roundup (07-10-2017)

Central Bankers Think Their Job Is Done Fixing the Global Economy. Why Are They Still Letting Greece Suffer? (Slate blogs)

Bank of England warns it will go after firms looking to mask risks: Some lenders are taking more risks and are seeking to ‘circumvent the spirit’ of the regulations, says deputy governor (The Guardian)

[In the United States,] Consumers Ramp Up Borrowing as Outstanding Debt Hits $3.84T: American consumers ramped up borrowing in May, according to a new report from the Federal Reserve. (US News & World Report) US consumer credit up $18.4 billion in May, most in 6 months (The Associated Press)

Trump Jr. Was Told in Email of Russian Effort to Aid Campaign (The New York Times) Trump team met with Russian lawyer during campaign (CNN) Trump Jr. hires lawyer for Russia probes (The Hill)

Comey friend: Flynn memo was not classified (Politico)

ACLU sues Trump over election integrity commission (Politico)

Attack, Attack, Attack: Why does Trump double-down every time it seems like he should retreat? Because Steve Bannon is back in his boss’s good graces. (New York)

Big financial woes linger in Illinois' new budget (Reuters)

Give Us Back Google News Classic Design #googlenews (Economic Signs of the Times blog)

     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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