We may see a broad market rout if President Trump levies more tariffs on China. Bloomberg looks into the possibility of a full-blown trade war. Is the US prepared for the next financial crisis? The policy makers who were in office during the last financial meltdown offer their views on our readiness to prevent another one. A new movement is underway among doctors to combat the high cost of health insurance by offering membership fees instead. Lisa Schencker explains how it works for the Chicago Tribune.
BlackRock CEO Says Tariff War Could Spur Broad Market Rout– BlackRock Chief Executive Officer Larry Fink said that intensifying global trade tensions may spur a broad market downturn and a slowdown in the U.S. economy. Stocks could drop 10 percent to 15 percent and U.S. gross domestic product would start slowing in 2019 if the Trump administration sees through its threat to levy tariffs on an additional $200 billion of Chinese imports, Fink said, adding that would elevate the current tensions to a full-blown trade war. Read more…
Bernanke, Geithner, Paulson Voice Some Concern About Next Crisis– Federal Reserve policy makers appear confident that they have the weapons they’ll need to fight the next financial crisis. Some of their predecessors on the front lines are not so sure. 10 years after they played prominent roles battling the last one, Ben Bernanke, Timothy Geithner and Henry Paulson all voiced varying degrees of concern about America’s ability to combat another financial meltdown. Read more…
More Doctors Embrace Membership Fees, Shunning Health Insurance– In recent years, many consumers have grown frustrated with the risings costs of health insurance, and many doctors have felt stymied by a system that expects them to see high numbers of patients. In response, a growing number of consumers and medical professionals are seeking alternatives, including direct primary care. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller