Barack Obama’s most cherished illusion during his first term was the possibility of co-operation with Republicans. Time and again, the president came to Congress bearing pre-emptive concessions – on his original economic stimulus package, his healthcare plan, and the 2011 debt ceiling fight – only to have the door slammed in his face by an obstructionist Republican party that viewed politics as a zero-sum game. Because Mr Obama has [...]
From Zero Hedge:
The VIX [the market volatility index] has only rarely traded below 15% during “new normal” times.
The period from 2004 to early 2007, the so-called “Great Moderation,” saw the VIX average 13.6% – at the time stunningly low (and notably where the VIX closed yesterday).
While looking at the VIX alone can be misleading, it is nevertheless a gauge of the market’s expectations of return volatility in the short-term – [...]
Foreign investment in Spanish public debt has decreased by 78.168 million in the first six months of the year, standing at 203.271 million euros, compared to 281.439 million which reached the end of 2011. This is a break of 27.7% over last year.
According to the General Secretariat of the Treasury and Financial Policy,foreign investors piled at the end of June the 35.24% of the Spanish sovereign debt, compared to 50.48% which amounted last year.
The largest decreases [...]
via google translate:
All against all in the European summit that must save the euro. Germany did not retreat, saying he wants more guarantees to open the Eurobonds, while Italy asks for financial support for moderation by the spread. In other words, a bailout indirect. And so, after the G20 summit in Cannes, Rome is to be observed in the special. In case of failure of the summit, HSBC offers “a windfall tax, as in [...]
A study finds that those who drink in moderation – no more than 14 drinks a week and no more than three a day for women and four a day for men – have better overall scores than those who abstain completely.
The quality of life was measured using the Health Utilities index, which looks at factors including dexterity, emotion, cognition and mobility.
Researchers from the Boston University School of Medicine studied [...]
I’ve often said that Mitt Romney running against ObamaCare is like Madonna running against Lady GagaCare. ObamaCare is a tribute to what worked in RomneyCare made national. It is already helping save many of the 45,000 Americans who die every year for lack of insurance.
Yep. When ObamaCare passed, 45,000 Americans were dying every year for lack of health care. A preventable 9/11 every month.
When it was signed into law 6 [...]
One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people “drop out” of the labor force for one reason or another. While there is some floating speculation that this is due to early retirement, this [...]
The Latvias Krajbanka was a formerly state owned bank where most old age pensioners still had their pension accounts. They can now withdraw $100/day max, and according to current plans I believe that all funds up to the guaranteed level are to be paid out by the state in 20 days. Anything above that level is probably lost. This simply guarantees that everyone in Latvia has been re-alerted to the [...]
Mitt Romney was firm and direct with the abortion rights advocates sitting in his office nine years ago, assuring the group that if elected Massachusetts governor, he would protect the state’s abortion laws.
Then, as the meeting drew to a close, the businessman offered an intriguing suggestion — that he would rise to national prominence in the Republican Party as a victor in a liberal state and could use his influence [...]
China’s HSBC Flash Manufacturing PMI was released earlier this evening and showed continued weakness at 49.4 (below 50 implying a majority of manufacturers saw conditions deteriorating). The continuing moderation of growth is weighing on the Shanghai Composite which is down around 2% but it is the CDS market that is really cracking. 5Y China CDS is now an additional 20bps wider than the 10bps [...]
WASHINGTON – First Lady Michelle Obama may have temporarily forgotten the lessons of her own anti-obesity campaign when she indulged in a sinfully caloric lunch Monday at a popular new hamburger restaurant.
A Washington Post reporter said the first lady ordered a cheeseburger, french fries, chocolate shake and Diet Coke at Shake Shack — a trendy hamburger spot that recently opened an outpost in [...]
Two and a half years ago, Christina Romer, then still employed by the Obama administration in the position of Chair of the Council of Economic Advisers penned “The Job Impact of the American Recovery and Reinvestment Plan” – a report predicting the impact of a fiscal “stimulus” that took out $787 billion from the pocket of American Taxpayers (subsequently discovered to cost even more) [...]
New Delhi: Food inflation shot up to 8.55 per cent for the week ended May 14, the highest level in four weeks, as prices of fruits, cereals and protein-based items escalated.
Food inflation, as measured by the Wholesale Price Index (WPI), was on a declining trajectory for the previous three weeks. The figure for the seven-day period under review was 1.08 percentage points higher than the [...]
“The Federal Reserve System has not lived up to its original promise. Early in its career, it presided over both the most severe inflation and the most severe (demand-induced) deflations in post-Civil War U.S. history. Since then, it has tended to err on the side of inflation, allowing the purchasing power of the U.S. dollar to deteriorate considerably. That deterioration has not been [...]
1) fat people and unhealthy people: Start exercising and take your health into your own hands.
2) Doctors: Take a lower pay. Okay, but only as long as Malpractice premiums go down, a “public malpractice insurance option” is made available and everyone else does their part!
3) Medicare recipients: Take fewer benefits
4) Pharmaceutical companies: Follow ethical pricing
5) Insurance Companies: Do what you were supposed to do to begin with! Your CEOs don’t [...]