Sunday, August 6, 2017

Sunday roundup (08-06-2017)

Let’s not get carried away by the return in economic growth: There are definite signs of recovery but they are far from reaching a resolution (Project Syndicate)

This is what [Bank of England Governor] Mark Carney knows but dare not say out loud (The Business Insider)

China urges North Korea to be ‘smart’ and drop its missile tests (The Washington Post)

[In the United States,] White House Insists Trump Will Run in 2020 Amid Reports of Shadow GOP Campaign (Slate) Republican Shadow Campaign for 2020 Takes Shape as Trump Doubts Grow (The New York Times) Pence's sensitivity to talk of 2020 speaks to White House insecurity (The Los Angeles Times)

New Chief of Staff [John Kelly] Reins in White House Aides-and Trump's Tweets (Bloomberg)

Trump Is Definitely Not on Vacation, He Says as He Golfs, Crashes Weddings: Who are you going to believe: the president, or your own eyes? (Vanity Fair)

Watergate Veterans: ‘This Is History Repeating Itself’: ‘We wrote the book on what not to do’ with Watergate, says John Dean. Trump doesn’t seem to have any knowledge of what’s in that book. (The Daily Beast)

Diplomats Question Tactics of Tillerson, the Executive Turned Secretary of State (The New York Times)

     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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