Medicare

"Helicopter Money" Won't Fix What's Broken

The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But, central banks funding fiscal spending (i.e. helicopter money) will only have a weak and entirely indirect effect on profits or stock market valuations. The problem with helicopter money is that it cannot fix what's broken in the economy - and even worse, it perpetuates every inefficient, corrupt, bloated and unsustainable system in the status quo.

Full Text Of Bernie Sanders' Endorsement Of Hillary Clinton

I have known Hillary Clinton for 25 years. I remember her as a great first lady who broke precedent in terms of the role that a first lady was supposed to play as she helped lead the fight for universal health care. I served with her in the United States Senate and know her as a fierce advocate for the rights of children.

Frontrunning: July 12

  • Stocks Advance on Stimulus Bets (BBG)
  • Japan to craft stimulus by end-July, may issue construction bonds (Reuters)
  • May ally says Britain to trigger EU divorce 'when we're ready' (Reuters)
  • Last Woman Standing, Theresa May Offers Calm on Brexit Road (BBG)
  • Merkel urges Britain to quickly clarify relationship with EU (Reuters)

S&P 500 To Open At All Time Highs After Japan Soars, Yen Plunges On JPY10 Trillion Stimulus

S&P 500 futures are set to open at new all time highs, with global stocks rallying as the yen weakened and the Nikkei soared on speculation Japan is about to unveil the first instance of "helicopter money"-lite, as well as due to a continuation of better-than-expected U.S. jobs data. Further speculation that Italy's (and Europe's) insolvent banks will be bailed out has further boosted sentiment.

Krushing Krugman? Lacy Hunt On The Negative Multiplier Of Government Debt

The trap is listening to Keynesian economists like Krugman because doing so only digs deeper and deeper debt holes. The real solution is a writedown of unproductive debt, not increased fiscal stimulus. Instead central banks attempt to cram more and more debt into a system clearly overloaded with debt.

The End: Theranos CEO Elizabeth Holmes Banned For 2 Years From Entering A Lab

We appear to be entering the final chapter of the fraud known as Theranos which at one point captured Wall Street's eye with the promise of unwarranted character affiliations and humorous magazine photo shoots. Theranos founder and chief value pillager Elizabeth Holmes, who saw her net worth vanish from $4.5 billion to zilch, has been banned for two years from owning or even operating any sort of medical laboratory.

The 'New' DNC Platform Includes $15 Minimum Wage & Free College

If the Democrats plan to defeat Donald Trump in the general election, Hillary Clinton needs to win over all of those voters who supported Bernie Sanders throughout the Democratic campaign. Based on the "new" DNC Platform, her strategy iis the same as Bernie's - moar free shit!

The Curse Of "Wealth Effects" Central Banking

The robo-machines and perma-bulls are at it again, delivering another volumeless dead-cat bounce in a market that has churned sideways for 600 days now. Nevertheless, there is a reason for the churn and there is a culprit behind the abortive rallies.

ObamaScare Looms - Health Insurers Are Looking For A Taxpayer Bailout

Insurers helped cheerlead the creation of Obamacare, with plenty of encouragement – and pressure – from Democrats and the Obama administration. With the prospect of tens of millions of new customers forced into the market for comprehensive health-insurance plans, whether they needed that coverage or not, underwriters saw potential for a massive windfall of profits. Six years later, those dreams have failed to materialize. Now some insurers want taxpayers to provide them the profits to which they feel entitled - not through superior products and services, but through lawsuits.

"The British Woke Up!" Paul Craig Roberts Asks "Can The Americans?"

If no one knows or respects truth, the world is lost. But it only takes a few to change the world. The cultural anthopologist Margaret Mead said: “Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.” Change can be for better or worse...Americans need to decide that they, like the British, do not appreciate being led backward to worse times.

Scathing New Report Shows Just How Bankrupt Social Security Really Is

The government is publishing this data in black and white. They’re telling anyone who’s willing to listen that Social Security has dug itself into an impossible hole. More importantly, they’re telling us there’s a 0% chance that the government will be able to honor its existing commitments. They’ll either have to radically raise taxes, or simply reduce (or eliminate) the Social Security benefits that they’ve been promising taxpayers for decades.

Here Is Why Biotech Stocks Just Exploded Higher

On the back of extremely heavy volume, Biotech and Pharma stocks soared moments ago, following yesterday's surprising weakness. What was the catalyst? As it turns out, Medicare spending didn’t trigger initiation of the Independent Payment Advisory Board to slash costs, a relief for the beleaguered drug industry whose shares have slumped since the start of the year.