Monday, July 31, 2017

Monday roundup (07-31-2017)

After the Eurozone Crisis: Causes, Consequences, and Lessons for European and US Policymakers (The American Enterprise Institute)

The world's third-largest economy [= Japan] may be derailed by a rising political crisis (CNBC)

The next global recession might be triggered by China’s ‘shadow banking’: The problem lies in the unreported debt that’s fueling economic growth (Marketwatch)

[In the United States,] Centrist lawmakers plot bipartisan health care stabilization bill (Politico) Finally, a real plan to fix Obamacare [Editorial] (The Washington Post)

John Kelly, Asserting Authority, Fires Anthony Scaramucci (The New York Times) Anthony Scaramucci out as White House communications director (CNN) Scaramucci ouster a 'sign that someone is willing to spill a little blood,' analyst says (CNBC) Source: Scaramucci escorted out of White House (Youtube)

Kelly Tries to Impose Order at the White House (Time) Take it from this former colleague: John Kelly will bring order to the White House chaos (The Washington Examiner) Five things Gen. John Kelly must do to right the ship at the White House (CNBC) Scaramucci had to go. Now, it's time to discipline Trump (CNBC)

The Downsides of John Kelly's Ascension: It's not a signal that the president is preparing to moderate his White House—it's a signal he's going to the mattresses. (The Atlantic)

White House says Trump was probably 'joking' when he said police should be rough with suspects (CNBC)

President Trump reportedly 'personally dictated' Junior's misleading Russia statement (CNBC)

Trump drops to new low in Rasmussen poll (The Hill)

When will Trump supporters wake up? [Foreign Policy via] (The Chicago Tribune)

South Africa's Pick n Pay cuts 3,500 jobs, warns on H1 (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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