Insurance Companies

The Lack Of EpiPen Competitors Is The FDA's Fault

A firm cannot just willy-nilly raise their prices without a competing firm leaping in to give consumers what they want at a lower price. As it turns out, Mylan has a great friend who keeps would-be competitors out of the market, or at least makes it so difficult for them that they eventually go out of business. That friend is the FDA.

The Return Of The Obamacare Death Spiral

This slow exodus of insurers from the health law's marketplaces represents a serious threat to the continued stability and existence of its exchanges. Obamacare is perched on the edge of a death spiral. The fundamental problem is simple: Insurers are losing money... was that the plan all along for the Affordable Care Act?

Bill Gross Warns "Central Bankers Are Destroying The Engine Of The Real Economy"

In the US the year-on-year trend for productivity has turned negative . Most central bankers dismiss this fact as a short-term aberration. But the Japanese economy provides an example of what interest rates at or near zero can do to a large, developed economy. The answer is not much: not much real growth; not much inflation - and, together, not enough nominal GDP growth to repay historic debt should yields on sovereign debt ever return to normal.

Frontrunning: August 17

  • Futures flat ahead of Fed minutes (Reuters)
  • Trump shakes up campaign staff (Reuters)
  • Univision Wins Bankruptcy Auction for Gawker Media for $135 Million (WSJ)
  • Congress receives FBI material on Hillary Clinton emails (CBS)
  • Traders Brace for More Turmoil in World’s Worst Stock Market (BBG)