Sunday, July 23, 2017

Sunday roundup (07-23-2017)

[In the United States,] Federal Reserve now faces prospect of global monetary policy tightening (Reuters)

President Trump to deliver statement on health care on Monday (CNBC)

GOP despairs at inability to deliver: The party’s failure to repeal Obamacare amid West Wing chaos has GOPers frustrated they’re squandering power. (Politico)

Can the President Be Indicted? A Long-Hidden Legal Memo Says Yes (The New York Times)

Trump is building a Cabinet ready for political, legal war (Axios)

Jeb Bush calls out Republicans silent on Trump's Russia probe (The Hill)

     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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