Saturday, November 12, 2016

Saturday roundup (11-12-2016)

[United States President-elect] Donald Trump is about to face a rude awakening over Obamacare (The Washington Post blogs) GOP feuds over how to kill Obamacare: Some want a quick end, while others fear throwing 20 million people off their coverage virtually overnight. (Politico) Republicans To Attack Obamacare Through Regulation: “We could confirm someone on Jan. 20 who could come in immediately and could be working right now on rewriting rules and regulations.” (The Huffington Post)

     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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