Sunday, June 25, 2017

Sunday roundup (06-25-2017)

Great recession fears as bankers warn next global crash could arrive 'with a vengeance': Next major recession could be brewing in countries like China, a new report warns (The Independent)

Inflation Has More Than One Reason to Surge, Only It Won't (Bloomberg)

Gartman: The oil bear market has turned crude into a ‘worthless’ commodity (CNBC) Young people don't want to work for oil companies (CNNMoney)

Italy winds up Veneto banks at cost of up to 17 billion euros (Reuters) Italy Commits $19 Billion for Veneto Banks in Largest State Deal (Bloomberg) Italy Rushes to Approve Decree Law to Keep Two Veneto Banks Open (Bloomberg) Deal on Italian Banks Raises Questions about Eurozone Rules (Dow Jones Newswires)

Senate Republicans [in the United States] skeptical Obamacare repeal can pass this week: Senate GOP leaders face problems from seemingly every corner of the conference. (Politico) Rival Senate factions push competing agendas as healthcare measure hangs in balance (The Los Angeles Times) Senate Republicans face key week as more lawmakers waver in support for health-care bill (The Washington Post) Key Republican Collins has 'serious concerns' on healthcare bill (Reuters) Democrat and Republican senators say vote on GOP health care bill should be delayed (The New York Daily News) Koch network withholding support of Senate health-care bill, pushing for changes (The Washington Post)

The Senate Health Care Bill Is Crueler Than You Ever Imagined: The House plan to replace Obamacare was heartless. The Senate plan is even worse. (Cosmopolitan) GOP's Obamacare repeal bills threaten huge disruptions across the healthcare system (The Los Angeles Times)

On healthcare, GOP loss could be a win (CNN)

Trump Refuses To Blame Obama For Resistance To The Senate Health Care Bill Draft: Trump also said he thinks the several Republicans who are holding out support for the current health care bill draft can be convinced. (BuzzFeed News)

Illinois debt is about to be rated 'junk.' What that means (The Associated Press)

     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.

No comments:

Post a Comment