Until the notion that wealth and prosperity can come from a printing press is eradicated from the thinking of policymakers, economies around the world will remained mired in this malaise. Jobs created through government money creation and heavily protectionist laws and regulations will not meet the needs of consumers, will add nothing to productivity, and ultimately will not last... economic stagnation is the unfortunate but predictable result.
For those who have already lost their job, their home or the secure structure that once defined their life, the collapse is already here. And those slowly bleeding out clearly see the collapse just around the corner.
If Obamacare enrollments continue their current trend and insurers continue to hike premiums at alarming rates then Republicans may not have to worry about "repealing and replacing Obamacare" as it might just work itself out "naturally".
With less than 90 days left until the presidential election, Citi's Dana Paterson writes that the "election risks clock starts now." Here is how Citi previews the upcoming US election which "may generate extremely high uncertainty that likely will impose a significant drag on economic growth", and Citi's breakdown of Black Swans, mostly associated with a Trump presidency.
Unfortunately, it appears too late to reverse the tidal wave of system failure that has been brewing for three decades now.But there is a sliver of hope.If Donald Trump is elected, eschews a law and order crusade and does not capitulate to the destructive policies of the Wall Street/Washington/bicoastal establishment, there is a way forward..
Moments ago the CRFB scored Trump's adjusted proposal, and found that as a result of the revisions to his tax plan, total US debt would increase by only $2.55 trillion over a decade, nearly five times less than his original proposal, and certainly a far more realistic number to pitch to America's conservatives.
Despite the fact that competition keeps prices low, the socialists think they can run education, health care, and the entire economy better than the free market. Here are two charts that show how successful, government solutions are for the citizens of this country....
After every other major US health insurance provider admitted to generating substantial losses on Obamcare, earlier today Aetna became the latest to report that its annual loss on Obamacare plans would be more than $300 million. More ominously, Aetna joined the biggest US health insurer UnitedHealth in reviewing how, if at all, it would continue providing ACA services in the 15 states it's currently in.