In the last 11 years, in each instance where the Healthcare “Bullish Percent” has dropped below 15%, when it rebounded back above 69%, it always dropped back again to at least 50% before resuming higher.
"This is one of the fundamental errors of socialism (take note, Bernie and Alexandria) - namely, the presumption that government planners have enough wisdom to overrule markets and set prices..."
Just in case US stocks needed some more shitty data to surge on, they got it this morning with first the Durable Goods print disappointing across the board and then the Philly Fed tumbled the most in almost 8 years.
The bill will raise the state minimum wage incrementally to $9.25 on Jan. 1, 2020, then to $10 an hour the following July, and it will continue to increase by $1 a year until 2025...
Governor JB Pritzker’s administration has now made clear it will seriously consider the latest idea to address Illinois’ pension crisis – transferring public assets directly to state pensions.
While it’s still incredibly difficult to estimate the ultimate impact of automation and AI on the economy, the picture is starting to become a bit clearer as projections begin to converge.
Reputed master of the clapback Alexandria Ocasio-Cortez just got a taste of her own medicine...dished out by Amazon senior vice president for worldwide operations Dave Clark.
"They buckled because we held firm on the values of New Yorkers - we told them that you cannot come to New York City and declare that you will crush the rights of workers to organize..."
"...no one was calling for a recession in early 2000, or 2007, either. By the time the data is adjusted, and the eventual recession is revealed, it won’t matter as the damage will have already been done."
