Monday, July 24, 2017

Monday roundup (07-24-2017)

Eurozone recovery may have peaked, PMIs suggest (Marketwatch)

European Real Estate Is Entering Bubble Territory, Fidelity Says (Bloomberg)

Italy Delivered a Gargantuan Bank Bailout: Why It’s Time to Worry (Fortune)

Debt-ridden [UK] households 'risk a new credit crisis': Bank of England’s dire warning over mortgage lending, credit cards and car finance deals (The Daily Mail) Bank of England warns of complacency over big rise in personal debt: Banks, credit card companies and car loan providers told they face action against reckless lending (The Guardian)

Here We Go: McConnell Schedules Leap-Into-the-Unknown Health-Care Vote [in the United States Senate] for Tuesday (New York) In 24 hours, the Senate will vote on a mystery health care bill (Vox) Senate Braces for Health Showdown With McCain on Hand but a Plan Unclear (The New York Times) Former GOP senator: Resist the bullying. Don't vote for a mystery health care bill. (USAToday) Senate Republicans take cynicism to a horrifying new level (The Washington Post blogs)

Troubles deepen for Atty. Gen. Jeff Sessions as White House spokesman questions the 'future of the relationship' (The Los Angeles Times) Trump leaves Sessions twisting in the wind while berating him publicly (The Washington Post)

If President Trump fires Robert Mueller, we're headed for a constitutional crisis (The Los Angeles Times)

Rexit? Rex Tillerson 'to quit as Donald Trump's secretary of state before the end of the year' (The Telegraph) A chill emanating from the White House reaches State Department (CNN)

Scaramucci a candidate to replace Priebus: report (The Hill) Priebus sidelined as Washington outsiders' power grows: Trump's decision to bring on Anthony Scaramucci as communications director shows the diminished influence of establishment figures — which Priebus epitomizes. (Politico)

Molina Healthcare to cut about 1,400 jobs: memo (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.

No comments:

Post a Comment