Monday, August 7, 2017

Monday roundup (08-07-2017)

How Bad Will It Be If We [in the United States] Hit The Debt Ceiling? by Paul Krugman (The New York Times blogs) Fight over Trump wall could lead to shutdown (Axios)

Trump’s unprecedented hands-on messaging carries risks (The Associated Press)

Trump claims his base is ‘bigger and stronger,’ but the numbers say otherwise (The Daily Dot)

Sainsbury's cost-saving measures will cut 1,000 head-office jobs: McKinsey, the management consultancy, is looking for ways that [the UK] supermarket can reduce its headcount in next round of efficiency drive. (The Guardian)

CPS Lays Off Nearly 1,000 Employees Ahead of New School Year (NBCChicago)

     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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