• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Obamacare

Knave Dave's picture

Stock Share Buybacks Now Bought Out — American Enterprise in Decline





With so many American corporations on their sickbeds, it’s a good thing we have Obamacare. Almost all of the returns since 2009 have been due to stock share buybacks! Now buybacks are in decline.

 
Tyler Durden's picture

"Government Ain't Fixable But It Will Correct!"





Government as we know it is doomed. It will not recognize this reality until markets and/or citizens force it. This time is likely close and the process will not be painless. The more government ignores what is inevitable the greater the pain will be. One hopes that civilization does not enter an economic and anarchical Dark Ages. To the extent that government refuses to respond to the fantasy world they have created, the more likely that is to be the outcome.

 
Tyler Durden's picture

Illinois State Workers, Highest Paid In Nation, Demand Up To 29% Wage Hikes





Illinois state workers are the highest paid in the nation. Yet, despite the fact that Illinois is for all practical purposes insolvent, the AFSCME union demands four-year raises ranging from 11.5 to 29 percent, overtime after 37.5 hours of work per week, five weeks of vacation and enhanced health care coverage.

 
Tyler Durden's picture

Small Business Owner Explains The Unintended Consequences Of Obamacare





"I feel the burden of many new initiatives as they affect my company’s ability to operate profitably and to hire and retain employees. Many of these initiatives often have unforeseen consequences and cause small businesses additional expenses and burdens that can lead to less hiring, more expenses, and sometimes lead to businesses closing their doors."

 
Tyler Durden's picture

Insurer Sues US Government For $223 Million In Obamacare Related Back Payments





In yet another development in the train wreck that is Obamacare, while we know that the legislation is failing individuals and businesses, the government is now failing to live up to its obligations made to the insurers who chose to participate in the healthcare exchanges. "All we're asking is for the federal government to do what they promised" said Highmark Health CEO David Holmberg.

 
Fundist's picture

Fed Looks For Rate Rise; Small Businesses Could Struggle With Hike





With the Fed’s Lacker intimating there could be as many as four rate hikes this year, the already floundering small-business-economy could see an increase in SBA loan rates.

Why?

 
Tyler Durden's picture

Sculpting Public Opinion From Birth To Death: "Schools & Media Complicit In The Destruction Of This Nation"





“We must start with the children – the seed corn – in order to grow them into what we wish.” -Adolf Hitler speaking in the Nuremburg Rallies

 
Tyler Durden's picture

More Obama Job Distortions Loom: Overtime Pay Threshold Doubled





Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it. Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year. The Labor Department estimates the ruling will affect 4.2 million workers.

 
Tyler Durden's picture

Is Mitt Romney On A Suicide Mission?





“It’s a suicide mission,” said the Republican Party Chairman. The Romney-Kristol cabal is Hillary Clinton’s fifth column inside the Republican Party.

 
Tyler Durden's picture

As Insurance Losses Mount So Do Refusals: "Sorry, We Don't Take Obamacare"





A McKinsey study shows Obamacare insurers lost money in 2014 and the losses doubled in 2015. Amazingly, the study concludes there’s nothing to worry about because “30 percent of insurers nationwide were profitable.” Meanwhile, outright refusals to accept Obamacare mount. “Sorry, We Don’t Take Obamacare” is now a frequent response.

 
Tyler Durden's picture

Guest Post: The Stunning Parallels Between The United States And Nazi Germany





Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. Most Americans were raised to deeply love this country; but likewise, most citizens of this nation know that something has gone deeply wrong, and we suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. The truth is that all evil regimes eventually fall, and America is headed for a day of reckoning... And just like Nazi Germany, our end will be exceedingly terrible.

 
Tyler Durden's picture

Peter Schiff On Trump's "Realism" & Krugman's "Scruples"





The difference between Trump and his critics is that he must believe there is a cost in printing too much money. Modern economists do not appear to grasp this basic concept.

 
Fundist's picture

ObamaCare Employer Mandate Set to Cripple Small Businesses





With transition relief ending to the employer mandate for small businesses in 2016 (and their larger brethren in 2015 – though still classified as small businesses by the SBA) and the rise of employment costs, small businesses which account for ~70% of new private sector jobs and 50% of existing employment, are set to face a whole new level of costs.

 
Tyler Durden's picture

Drug Prices Soar Most In The 21st Century





While the 1998 Viagra "spike" came and went, in recent years, pharmaceutical preparation, i.e., drug prices have been soaring higher with every passing year, and according to today's PPI report, at the wholesale level, drug prices in April surged by 9.6% over the past year, the biggest increase since 1982 when excluding the Viagra outlier, and certainly the most in the 21st century.

 
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