Wednesday, July 12, 2017

Wednesday roundup (07-12-2017)

I wouldn't rule out another financial crisis, says IMF’s Lagarde (CNBC)

Credit market a bigger systemic risk than during 2008 crisis: Bank of England (Reuters)

Post-crisis, US banks have recovered while their European peers are still looking for ways to survive (CNBC)

EU to closely watch France's reduction of deficit, debt: Moscovici (Reuters)

Brussels opens door to more budget flexibility for Italy (Reuters)

China's battle against debt to slow second quarter GDP growth to 6.8 percent (Reuters)

Canada's rate hike apt to jar heavily indebted consumers (Reuters)

[In the United States,] Yellen warns Congress to tackle debt in 'strongest possible terms' (The Washington Examiner)

Senate may vote on revised healthcare bill next week (Reuters) From hospitals, doctors and patients, a last gasp of opposition to the Senate health-care bill (The Washington Post)

Trump's choice to head FBI backs special counsel and promises independence (The Los Angeles Times)

White House aides feeling ‘helpless’ as Trump Jr. scandal explodes: As West Wing staff grapples with the latest Russia controversy, the president is fuming about the negative coverage. (Politico) ‘Category 5 hurricane’: White House under siege by Trump Jr.’s Russia revelations (The Washington Post) Trump Jr. delivers ‘smoking gun’ to Mueller: The email chain released by the president’s son shows an intent to collude with Russia, veteran prosecutors and white-collar defense attorneys say. (Politico) Donald Trump Jr. is an idiot [Editorial] (The New York Post) Did Donald Jr. Break the Law? (The New York Times)

How Kushner’s Security Clearance Form Led To The Russian Meeting Bombshell (Talking Points Memo) Trump-Russia investigators probe Jared Kushner-run digital operation (McClatchy Washington Bureau) Kushner under fire for role in meeting after Trump Jr. email release (CNN) Dem senator calls for Kushner to resign from White House (The Hill) Rancor at White House as Russia Story Refuses to Let the Page Turn (The New York Times)

Democrats Want to Know If Trump Quashed a Russian Money Laundering Case In Return for Dirt on Hillary Clinton (Mother Jones) Democrats Ask DOJ About Settlement Involving Trump-Linked Lawyer (Bloomberg)

Net Neutrality Day Of Protest: Tech Companies Come Together In Major Push To Save Internet Equality (International Business Times) SAVE THE OPEN INTERNET (NetNeutrality)

Illinois avoids downgrade to 'junk' -- for now (CNNMoney)

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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