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The Beginning Of The End For The Affordable Care Act? Largest US Health Insurer May Exit ObamaCare
Submitted by Tyler Durden on 11/19/2015 21:45 -0400Today we got confirmation that the spinning plates of the Affordable Care Act are finally falling down, when none other than the U.S.’s biggest health insurer, UnitedHealth, cut its 2015 earnings forecast with a warning that it was considering pulling out of Obamacare, just one month after saying it would expand its presence in the program.
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Over Half Of New Yorkers Struggle To Make Ends Meet As "Tale Of Two Cities" Deepens
Submitted by Tyler Durden on 11/19/2015 22:00 -0400Despite two years of liberal redistribution from Mayor de Blasio, the majority of New Yorkers continue to struggle to make ends meet mirroring his 2013 "tale of two cities" campaign theme. The NYTimes poll finds that only 20% are living comfortably while 51% are just getting by or finding it difficult to manage, and shows even greater disparities in quality of life across the city’s five boroughs.
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The Great Fall Of China Started At Least 4 Years Ago
Submitted by Tyler Durden on 11/19/2015 21:35 -0400China’s producers couldn’t get the prices they wanted anymore, as early as 4 years ago, and that’s where deflationary forces came in. No matter how much extra credit/debt was injected into the money supply, the spending side started to stutter. It never recovered.
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Subprime Auto Lending Soars As Fed Report Shows Spike In Loans To Underqualified Borrowers
Submitted by Tyler Durden on 11/19/2015 21:09 -0400In what amounts to evidence that the subprime auto problem is indeed growing, The New York Fed's Quarterly Report on Household Debt and Credit (out today) shows that lenders extended more than $110 billion in auto loans to borrowers with credit scores below 660 over the past six months alone.
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The Greatest Racket Of All Time
Submitted by Tyler Durden on 11/19/2015 20:45 -0400It seems it is high time for a strategic rethink in the Global War On Terror, but powerful forces are arrayed against it. Apart from the fact that a truly huge racket is at stake, the situation is also reminiscent of the proverbial guy with the hammer – everything looks like a nail to him. So we should reasonably expect more of the same, only in even grander style (as the so-called “surge” has shown, any successes tend not only to be temporary, but have a habit to soon give way to even greater disasters).
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China's "Minksy Moment" - $1.2 Trillion In Ponzi Financing
Submitted by Tyler Durden on 11/19/2015 20:20 -0400“Some Chinese firms have entered the Ponzi stage because return on investment has come down very fast. As a result, leverage will be rising and zombie companies increasing.”
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What Money Means
Submitted by Tyler Durden on 11/19/2015 19:55 -0400There's no doubt that money is important. There's good reason why most of us devote a huge percentage of our lives to pursuing it. But there's much about money that is misunderstood.
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American Police Kill 3 People Per Day, Over 1000 So Far In 2015
Submitted by Tyler Durden on 11/19/2015 19:05 -0400
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Dear Syrian Refugees: You Are Welcome In Baltimore, Mayor Says
Submitted by Tyler Durden on 11/19/2015 18:40 -0400"Welcoming immigrants and New Americans is a critical part of my strategy to grow Baltimore, and I hope that refugees from Syria will look to our city as a potential place to call home."
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Bonds & Bullion Bid As Fed "Policy Error" Fears Spark Dollar Drop, Stock Slop
Submitted by Tyler Durden on 11/19/2015 17:04 -0400- 21 comments
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"Devastated" Trader Crushed By Soaring Biotech, Starts Online Begging Campaign To Fund $106,000 Margin Call
Submitted by Tyler Durden on 11/19/2015 17:21 -0400"I hesitated on doing this but I literally owe Etrade $106,445.56 as of this moment what would you do if you were in my situation?"
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Fed's Fischer Unleashes Schrodinger's FedSpeak - We Dare You To Make Sense Of This
Submitted by Tyler Durden on 11/19/2015 18:06 -0400If you had any confidence in your ability to understand The Fed's future course of action, Fed vice-chair Stanley Fischer just destroyed it in a speech in San Francisco that beggars belief in its CYA hedgedness...
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The Stunning Visualization Of The World's 3 Billion Barrel Oil Glut
Submitted by Tyler Durden on 11/19/2015 17:50 -0400While talk of record backlogs of supertankers and an unprecented 3 billion barrels of crude oil stock-piles sound impressive - and are weighing on crude prices - the following stunning image provides some context for just what this means...
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Nike Just Did It
Submitted by Tyler Durden on 11/19/2015 17:29 -0400Having suffered a little recently on the heels of retailer concerns, Nike - the best performer in The Dow this year - is surging back towards all-time record highs after unleashing a new share buyback program (upping the limit from $8bn to $12bn), a stock split and a dividend boost.
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3 Things: Earnings, Profits, Rates
Submitted by Tyler Durden on 11/19/2015 17:25 -0400"If you just exclude all the bad stuff, earnings look quite good."
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