The States Could Reform Obamacare If Only We Would Let Them

"The cause of the most serious problems in Obamacare can be summarized in a single word: Dumping. Group plans are dumping their sickest, most costly enrollees on the individual market. Within that market, health plans are dumping their most costly enrollees on each other. And individuals are dumping costs on other individuals by waiting to insure until they get sick."

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If The Fed Fears An Inverted Yield Curve, Why Is It Producing One?

"An inverted yield curve has been a great tool to predict U.S. recessions, with the yield spread between three-month bills and 10-year notes falling below zero before each of the past seven slowdowns. But it doesn’t usually happen immediately. That means a recession could come in late 2019, in 2020, or even later. That probably doesn’t come as a surprise to most investors after one of the longest economic expansions in history."

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Fund managers joining Buffett in preparing for an ‘ugly’ downturn

"Beinner highlights the increase of global debt, now upwards of $237 trillion and the way the debt has been dispersed as risks to the economy. Rather than banks holding most of the debt as it happened in the financial crisis, this time it’s hedge funds, private equity and investment managers holding most of it. Also worrisome, he says, ratings agencies are again being overly generous with their appraisals allowing for companies with very high debt levels to gain investment-grade ratings."

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