UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016...
There is nothing, nothing that strikes fear into a President like a comedian - especially a comedian that targets political correctness which is Obama's main tool (however pathetic, like Obama, it may be):
It's Venezuela, if you're handi-capable there's a pirana filled river immedeiately to your right. To your left is the most extreme whorehouse in town, second only to the US emassy.
You don't have to "pay" the "penalty" just set up your withholding so you owe forthe year - they can only garnish the penalty (tax) from your refund, which if you don't have one, you can tell them to fuck off when the IRS sends you a nastygram demanding payment.
Obamacare is pure rent extraction. It is not bubble economics.
Bubbles are caused by false pricing signals via the credit money system.
For example, housing bubble is hypothecating new credit aimed at houses. Since housing market is relatively sticky, then prices go up when new credit as demand chases after supply. New houses are slow to come on line, so the market cannot be considered elastic.
Houses in landlocked areas go up in price the fastest, proof the mechanism.
Student bubbles are students taking out loans to go to college. There is a future promise the contract, the assumption is that money is available in future to support the improved labor. However, the credit money in future will drain to nothing as it flys into the ledger. In other words, the student bubble is self defeating as it times shifts, demanding goods/services today, but the credit is vanished from money supply by the time Student graduates.
Today there is a subprime bubble in car loans. Subprime buble in cars creates new credit, which then drains into today's debt instruments.
Healthcare is not being put on double entry ledger, to then create new credit. OK - in death like situations, maybe people are desperately taking out loans.
Healthcare cannot be defined as a bubble mechanism.
Health care is mostly just predatory rent extraction, trying to extract money from ageing well off baby boomers (they are the only ones with money, along with Oligarchs.)
Even without obamacare, the U.S. medical costs are three times Japan, and two times Germany.
These numbers show that U.S. medical is a rent extraction system, which hides its thefts behind high prices.
Prices can go up due to money chasing after something. Or, prices can go up through other mechanisms, like monopoly.
In the U.S. drug prices are many times other countries, so there is collusion to get high prices. Drug companies then use their profits to pay off Doctors, to then prescribe the name-brand medicine.
They also use their profits to advertise, to then get you to ask the Doctor ..."please can I have X medicine."
This is an economics blog, just because something is 1760 a month for two people, doesn't make it a bubble.
It is rents. Rents are unearned income.
They are theives, but they are not creating new credit in a bubble mechanism.
You've absolutely nailed it. I realized this when I was at a seminar and the nitwit presenter openly wondered why hep drugs were so cheap overseas and so expensive here. They were being sold to boomers here so the price was set extremely high because the boomers have the money. Rent extraction/thievery/call it what you will.
@Chris Dakota -Look into Liberty HealthShare as an alternative to Obamacare. This is not an endorsement as I don't use it, but I have heard good things. Check them out, do some research and maybe it's a better choice than not having insurance. Anything is better than Barry's healthcare plans IMO....
You in CA? Me too. Bronze plan went up $120 / month. I wanted to go to the Gold Plan this year.... but the $680/ month is a little steep. WTF? I'm in favor of Single payer for all. This is just bullshit.
go ask people in Canada, UK or France how that singler payer thing works. I have lived in the UK...IT IS A DISASTER...friend came within hours of death from an appendix rupture...was sent home 3 times...ended up paying prive or would have died. Wait for operations YEARS! SINGLE PAYER IS A DISASTER.
No, but what you do see all the times are the JINO leftists creating plantations, getting other minorities onto their plantations, and then continually reminding their plantation slaves that the JINO leftists are their advocates, their providers, their friends.
JINO leftists have kept blacks under their thumb for most of the past 80 years. They do so because they fear them for what they see as their potential barbarism and they want to be able to aim that barbarism at the real enemy of these JINO leftists: white Christians and the Western Civilizations the white Christians created.
Yes, they are still trying to get others on their plantation. Their current prize is the east Indians and they are going for broke to get them on their plantation.
and then I said, Reggie, is that all you've got....and then it came out of my mouth.
I swear I'm a Christian.
"Dude, I'm so f**king high lolololo"
"lol me3p0."
So I got scholarships as a foreign student while decades later having a cert of live birth forged up by the US govt!
There is nothing, nothing that strikes fear into a President like a comedian - especially a comedian that targets political correctness which is Obama's main tool (however pathetic, like Obama, it may be):
http://www.hollywoodreporter.com/news/jerry-seinfeld-political-correctness-will-800912
O: If you tell the American anything that makes it free or cheaper they will buy it, it's how I got elected not once but twice
S: Ya I know they are so stupid, if you just make light of lifes everyday experiences they will make you the richest comedian of all time.
O: Wait if I lie to them and you make them laugh we could take all their money.
S: That is so sad, but true.
O: Let's do it
S: OK. LOL LOL LOL LOL
O: LOL LOL LOL
"But, I love having sex with the Wookie."
Kaiser (obamacare) kicked me off twice this year and never told me about it.
Now for 2016 they want $880 a month from me, one person.
Im going to pay the penalty.
They could never get this price without the gov paying a lot of it.
Same with the housing bubble, student loans, all of it.
Welcome to the Healthcare Bubble.
I used to like Jerry Seinfeld.
The "most admired American."
Proof of how *&$*%& up American voters are.
The mob is easy to brainwash. It's the 10% that cannot be tamed the establishment knows will take them out.
"and then, they thought I cared."
You too can rent out Jerry Seinfeld......if your career is utterly failing give us a call.
We also do Bar Mitzvahs.
“Just what is the handicapped parking situation at the Special Olympics? Is it still just the two spaces?”
It's Venezuela, if you're handi-capable there's a pirana filled river immedeiately to your right. To your left is the most extreme whorehouse in town, second only to the US emassy.
I never liked Jerry Seinfeld.
You don't have to "pay" the "penalty" just set up your withholding so you owe forthe year - they can only garnish the penalty (tax) from your refund, which if you don't have one, you can tell them to fuck off when the IRS sends you a nastygram demanding payment.
There is no other enforcement mechanism, yet.
It's worked for Al Sharpton since the 90's.
There are also 'hardship' exemptions. Check them out to see if any apply.
Welcome to the Healthcare Bubble.
Chris,
Obamacare is pure rent extraction. It is not bubble economics.
Bubbles are caused by false pricing signals via the credit money system.
For example, housing bubble is hypothecating new credit aimed at houses. Since housing market is relatively sticky, then prices go up when new credit as demand chases after supply. New houses are slow to come on line, so the market cannot be considered elastic.
Houses in landlocked areas go up in price the fastest, proof the mechanism.
Student bubbles are students taking out loans to go to college. There is a future promise the contract, the assumption is that money is available in future to support the improved labor. However, the credit money in future will drain to nothing as it flys into the ledger. In other words, the student bubble is self defeating as it times shifts, demanding goods/services today, but the credit is vanished from money supply by the time Student graduates.
Today there is a subprime bubble in car loans. Subprime buble in cars creates new credit, which then drains into today's debt instruments.
Healthcare is not being put on double entry ledger, to then create new credit. OK - in death like situations, maybe people are desperately taking out loans.
Healthcare cannot be defined as a bubble mechanism.
Health care is mostly just predatory rent extraction, trying to extract money from ageing well off baby boomers (they are the only ones with money, along with Oligarchs.)
Even without obamacare, the U.S. medical costs are three times Japan, and two times Germany.
These numbers show that U.S. medical is a rent extraction system, which hides its thefts behind high prices.
"I haven't told anybody yet but I'm going to declare martial law just before the election then stay in office another 10 years or so."
IT is a bubble.
I can't and won't pay $1760 per month for 2 people.
Most can't, but if the gov pays then I could, but I still won't.
Kaiser could never sell insurance for that much money to self employed people.
Prices can go up due to money chasing after something. Or, prices can go up through other mechanisms, like monopoly.
In the U.S. drug prices are many times other countries, so there is collusion to get high prices. Drug companies then use their profits to pay off Doctors, to then prescribe the name-brand medicine.
They also use their profits to advertise, to then get you to ask the Doctor ..."please can I have X medicine."
This is an economics blog, just because something is 1760 a month for two people, doesn't make it a bubble.
It is rents. Rents are unearned income.
They are theives, but they are not creating new credit in a bubble mechanism.
You've absolutely nailed it. I realized this when I was at a seminar and the nitwit presenter openly wondered why hep drugs were so cheap overseas and so expensive here. They were being sold to boomers here so the price was set extremely high because the boomers have the money. Rent extraction/thievery/call it what you will.
@Chris Dakota -Look into Liberty HealthShare as an alternative to Obamacare. This is not an endorsement as I don't use it, but I have heard good things. Check them out, do some research and maybe it's a better choice than not having insurance. Anything is better than Barry's healthcare plans IMO....
http://www.libertyhealthshare.org/
You in CA? Me too. Bronze plan went up $120 / month. I wanted to go to the Gold Plan this year.... but the $680/ month is a little steep. WTF? I'm in favor of Single payer for all. This is just bullshit.
You could have gotten your precious "single payer" long before ObamaCare.
BY BUYING YOUR OWN HEALTH INSURANCE!
Fucker.
Pay up sucker....that means you!
If you want to pay mine as well......go nuts....that's my idea of single payer.
go ask people in Canada, UK or France how that singler payer thing works. I have lived in the UK...IT IS A DISASTER...friend came within hours of death from an appendix rupture...was sent home 3 times...ended up paying prive or would have died. Wait for operations YEARS! SINGLE PAYER IS A DISASTER.
Hey Barack, you ever seen the episode where George has to show he has a black friend...?
You don't see that too often....a joo and a mussie laughing together.
Why?
The plan seems to be working beautifully.
Zorba...
No, but what you do see all the times are the JINO leftists creating plantations, getting other minorities onto their plantations, and then continually reminding their plantation slaves that the JINO leftists are their advocates, their providers, their friends.
JINO leftists have kept blacks under their thumb for most of the past 80 years. They do so because they fear them for what they see as their potential barbarism and they want to be able to aim that barbarism at the real enemy of these JINO leftists: white Christians and the Western Civilizations the white Christians created.
Yes, they are still trying to get others on their plantation. Their current prize is the east Indians and they are going for broke to get them on their plantation.
Most transparent administration evaah bitchez!
Then Biden said 'maybe I could play President next'
I know Joe, he's really not a bad guy. That's why they won't let him run. Don't believe the hype.
Joe is an asshole.
He is. But atleast he called bankers shylocks. That was a pretty funny slip of tongue... on camera...
...So I told Michelle "Of course your ass doesn't look too big baby"
"The little people..."
They gave me the Nobel Prize and I started to bomb the heck out of everyone.
Motherfucking Classic Observing
"yeah, they actualy believed THAT was my birth certificate...yeah, the one I bought on Ebay...."
They actually believe their votes matter!
Ive got three for y'all.
1. Then I said Saudi Arabia is heading up the world council for Human Rights.
2. Then I said Black Lives Matter
3. Then Reggie said you really have been more flexible in your second term dear el presidente.
You won't believe the shit I've got planned for white gun owners this last year in office....
Isn't it funny that these two clowns don't have to wear seatbelts?
Corzine didn't either.
Free Corzine!
R u referring to The Honorable Corzine?