Obamacare

Tyler Durden's picture

Nationalist Group Takes Responsibility For Murders In Ukraine





Politics in Ukraine continues to be characterized by the East/West divide that was so clearly visible in maps of Ukrainian elections and the distribution of the Ukrainian and Russian language (see “Mapping the Conflict in Ukraine” for details on this). While the new government wants to be seen as embodying Western values in contrast to the kleptocracies that previously governed the country, both its actions and omissions very often seem at odds with this aspiration, to say the least.

 
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Corporate Profits Vaporizing





"...the ladder that has supported the move to record high U.S. corporate profit margins is beginning to snap. It may be a long way down."

 
Tyler Durden's picture

Frontrunning: April 20





  • Just How Leaky Is the Fed? More Than You May Realize (BBG)
  • Republican Presidential Candidates Spar Over Party’s Future (WSJ)
  • Euro Area Seeks Greece Roadmap to May Agreement (BBG)
  • The $320 Billion Bogey Needed to Placate U.S. Stock Market Bulls (BBG)
  • Seeking Obamacare alternative, Republicans eye tax credits (Reuters)
  • Gundlach Says Market Hasn’t Seen Full Impact of Fed Moves (BBG)
  • EU meets on migrant crisis as shipwreck corpses brought ashore (Reuters)
  • Canada’s Own Oil Pipeline Problem (WSJ)
 
Tyler Durden's picture

What Bernanke's New Employer Had To Say About Him Just 2 Years Ago





Having previously explained the 175,846,629,768 reasons why former Fed Chair Ben Bernanke would join Citadel - the most-levered hedge fund in the world and alleged conduit of fed put protection; we thought it intriguing to note what billionaire Citadel Ken Griffin had to say about Bernanke and his policies just 2 years ago...

 
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The one chart that proves Obamacare really is working (for the fascists)





The only surefire way to dramatically reduce healthcare costs is to remove the middlemen and allow market forces to return to healthcare.

 
Tyler Durden's picture

More Unofficial Capital Controls In The US: PFIC Rules





It ranks at the very top of potential tax nightmares, especially if you invest internationally.  This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.  PFIC rules amount to unofficial restrictions on investing in certain foreign assets and are yet another indicator of the disturbing trend of creeping capital controls in the US.  Capital controls are used by many countries and come in all sorts of shapes, sizes, and labels. The purpose, however, is always the same: to restrict and control the free flow of money into and out of a country so that the politicians have more wealth at their disposal to plunder.

 
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US Savings Rate Jumps To Highest Since 2012 As Spending Continues To Miss Expectations





For the 4th month in a row, personal spending growth missed expectations. With a 0.1% gain in February (against expectations of a 0.2% rise), this growth rate remains below all of 2014's growth. Income rose slightly more than expected at 0.4% (against +0.3% exp) but this is the same growth as January's upwardly reviused +0.4%. That leaves the powers that be very disappointed as the savings rate jumps to the highest since 2012... not exactly the Keynesian pump-primed, low gas prices tax cut spendfest all the smartest people in the room promised...

 
Tyler Durden's picture

A Tale Of Two Streets: Main Street Lagging, Wall Street Booming





At the end of the day there is a considerable irony. The Fed has now become the tool of liberal Keynesian do-gooders - exemplified by the school marm who heads it. But its policies are exclusively benefiting Wall Street and the top 1%. They are redistributing income and wealth to the top, not the bottom of society as liberals have always claimed. Needless to say, main street does not need that kind of “help”. And it would do far better on its own hind legs if the monetary politburo joined its Soviet colleagues in the afterlife of mistaken ideologies.

 
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It's Official: Americans Spent All Their "Gas Savings" On Obamacare





We have solved the mystery of why US households did not spend all those billions in "dropping gas price" windfalls - the answer is that they did spend all this money. On Obamacare.

 
Tyler Durden's picture

Why There Is No Wage Growth In America





Over the past 2 years the Obama administration has been desperate to boost minimum wages, usually over tedious bickering with republicans and corporations who have resisted such an increase, with neither party realizing that such a measure would not do much to actually boost aggregate spending. Instead, what Obama should have been focusing on was to limit the maximum number of hours worked per week, because as the following chart shows, the reason why weekly pay is rising and aggregate earnings is not due to an increase in hourly wages but because Americans are simply working longer hours every week: not quality but quantity.

 
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President Obama Explains Why Life's "Better With Obamacare" -Live Feed





Some folks were propagandizing... Life's #BetterWithObamacare... because what else would you do with your low gas price savings...

 
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Income, Education and Inequality in the "Recovery": Prepare to be Surprised





In other words, wages are declining even in fields where advanced degrees are supposed to inoculate the highly educated from declines in earnings. This is not entirely surprising to anyone who has first-hand knowledge of the tremendous glut in workers with advanced degrees, but it does drive a stake in the heart of the argument that the solution to income inequality is more education.

 
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One Last Look At The Real Economy Before It Implodes - Part 2





In the first part of this article series, we discussed the true state of global demand, along with the unstable situation within numerous indicators from exports to retail. Swiftly falling global demand for raw materials as well as consumer goods is an undeniable reality. This is a distinct problem in terms of the U.S., which has been, up until recently, the primary consumption driver for much of the world. As we will show, U.S. demand is about to fall even further into the abyss as real unemployment and personal debt take their toll.

 
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Greek Minister Threatens Europe With Flood Of Jihadists And Immigrants If Greece Fails





It wasn't even a full 24 hours after Greece raided at least some of the funds of its pension and other public entities in order to make a €310 payment to the IMF, the first of four this month (the balance is 350 million on March 13, 580 million on March 16 and another 350 million on March 20), that the insolvent country resumed doing what it does best: dispensing hollow threats. This time it was its foreign minister and leader of the Independent Greeks party - Syriza's junion coalition partner - Nikos Kotzias, who showed how to bluff like the best of them, when he threatened that "there will be tens of millions of immigrants and thousands of jihadists, if you take out Greece" the minister said on before EU foreign ministers meeting in Riga.

 
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JPM Cuts Q1 GDP: Warns "Here We Go Again" As "It Is Feeling Eerily Like Q1 Of Last Year"





"In light of the data we've received this week – January reports for real consumer spending, construction spending, and net exports that varied from disappointing to downright weak, as well as a softer February print for car sales –-- we are marking down our tracking for annualized real GDP growth in Q1 from 2.5% to 2.0%. Even after this revision risks are more skewed to the downside than upside. By way of comparison, the Atlanta Fed's tracking estimate of Q1 recently came down to 1.2%. It's still relatively early in the quarterly data flow, even so, it is feeling eerily like Q1 of last year. In both cases the quarter began with high expectations, estimates were brought down as the quarter progressed, weather was blamed, but most forecasts remained upbeat on the medium-term outlook."

- JPM

 
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