Submitted by Tyler Durden on 05/12/2016 - 14:52
Healthcare insurers are already taking it on the chin. Some insurers got out of the healthcare business entirely, others stopped coverage in multiple states due to mounting losses. What happened is healthy individuals, especially millennials decided to opt out of Obamacare. Those who opted in after having been denied coverage previously were high-cost individuals. Adding fat to the fire, a federal court ruled today that “cost sharing reductions” to insurers are unconstitutional payments.
Leaked Facebook Training Manual Confirms Allegations Of Conservative News Suppression
Submitted by Tyler Durden on 05/12/2016 - 15:10 It's turning out to be a bad week for Facebook. As we reported earlier, it was learned that Facebook's news feed routinely suppressed conservative news. Now, Recode is reporting that Facebook training documents given to its editors have leaked, and they reveal that editors select trending news topics from just ten editors, only one of which could be considered right-wing.
Following Rousseff's "Coup", Brazil's Problems Are Only Just Starting
Submitted by Tyler Durden on 05/12/2016 - 12:51 Meet Brazil's new 75 year old president and his 32 year old wife.
Milton Berg: "We Are On The Cusp Of A 30 Year Bear Market"
Submitted by Tyler Durden on 05/12/2016 - 14:39 "I think we're at the cusp of a bear market in both stocks and bonds that will last up to thirty years. This is on a real basis, not on a nominal basis, inflation adjusted basis."
Dear Homeowner, What Exactly Do You "Own"?
Submitted by Tyler Durden on 05/12/2016 - 14:19 If we understand property taxes as a lease from the local government for the right to gamble on another housing bubble arising, we see "ownership" in a different light. As the saying goes, buyer beware, especially if there's no limit on how high desperate local governments can jack up their lease fees, i.e. property taxes.
Texas Secession Looms As "Independence Resolution" Nears Vote
Submitted by Tyler Durden on 05/12/2016 - 14:11 If the nationalists get their way, this November might be the last time Texans vote for a US president. On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.
Algos Now Buy Oil On Both Production "Freeze" And "Boost" Headlines
Submitted by Tyler Durden on 05/12/2016 - 14:08 12:37 pm: IRAQ SEES RENEWED TALKS ABOUT OUTPUT FREEZE AT OPEC MEETING1:36 pm: IRAQ CRUDE OUTPUT IS 3.8M B/D, SAME AS IN APRIL: DEP. OIL MIN.
The Erosion Of The Middle Class Continues
Submitted by Tyler Durden on 05/12/2016 - 13:41 Economic inequality and the absolute destruction of the middle class is something that we've covered for many years (recently here), and being that central bank policies only exacerbate the issue, readers of Zero Hedge are undoubtedly well acquainted with topic. As usual, it took a while, but it does appear as though the mainstream media is finally catching up... While there are some families that have moved into the upper-income bracket, the fact remains that overall, middle-income households are lower in 203 of the 229 U.S. metropolitan areas studied, and there is no bias, the change has affected everyone.
Lousy, Tailing 30Y Auction Follows Yesterday's Recordbreaking 10Y
Submitted by Tyler Durden on 05/12/2016 - 13:12 Following yesterday's record-breaking, blockbuster 10 Year auction it would have been difficult to follow the unprecedented scramble for benchmark OTR paper, and sure enough it was. Moments ago the Treasury sold $15 billion in 30 Year paper in what may have been one of the weaker ultra-dated bond auctions in recent months, when it printed at 2.615%, tailing the When Issued by 0.7 bps, the first 30Y tail since February, and about 2 bps higher than the 30Y auction in April.
"What Could Have Possibly Raised Your Costs" - Hillary Can't Answer Why Obamacare Costs Are Soaring
Submitted by Tyler Durden on 05/12/2016 - 13:10 Hillary Clinton's strategy to get in front of voters and answer one-on-one type questions is not working out very well. First, Clinton couldn't explain to an unemployed West Virginian why she was promising to put a lot of coal miners out of work. Now, Hillary can't explain why Obamacare fees are higher than promised, and are set to explode even higher next year.
Destroying Fed Rosengren's Propaganda (in 1 Simple Chart)
Submitted by Tyler Durden on 05/12/2016 - 12:27 Does this look like a market that is "too pessimistic" about the US economy?
Buy, Hold, Or Sell? You Decide!
Submitted by Tyler Durden on 05/12/2016 - 12:11 We're sure it’ll be different this time. The Fed has our back. We’ve entered a new paradigm... Forget the 145 years of stock market history.
"We Are Unsure Whether To Wear A Helmet Or A Diaper" - Merger Arb Funds Crushed
Submitted by Tyler Durden on 05/12/2016 - 11:55 While company officers - who have given up on major stock upside as a result of busted M&A - and investment bankers are lamenting the bursting of the M&A bubble, some of the biggest losers are on the buyside, where merger arbs have seen billions in paper profits turn into billions in paper losses in moments upon the announcement of deal termination. Indeed, broken deals have whipsawed hedge funds that focus on merger arbitrage. As the NYT poetically puts it, according to one "arb" the current mood of the industry: "Every day is like showing up unsure of whether to wear a helmet or a diaper."
Exposing The Job Market Reality - Only Purple Squirrels Need Apply
Submitted by Tyler Durden on 05/12/2016 - 11:38 With job openings at near-record highs, according to the JOLTS data, some see an extraordinarily tight labor market. What they seemed to have missed amid the euphoric headlines was the drop in actual hiring.
Paul Ryan Signals "Unity" With Donald Trump: Live Webcast
Submitted by Tyler Durden on 05/12/2016 - 11:28 Following their much anticipated meeting first thing this morning, Donald Trump and Speaker Paul Ryan touted that they are "totally committed to working together" in a joint statement after their high-profile Thursday morning meeting, calling for "shared principles" and a "conservative agenda."
by Roger Stone via Lew Rockwell:
As Donald Trump prepares for an epic battle with “First Enabler”
Hillary Clinton, the media is too focused on party unity and are
oblivious to the fact that denunciation of Trump by failed elites like
the Bush’s as well as the prevarications of Paul Ryan only fuel his
rise, as did the opposition of Mexico’s ex-president, the Chinese
Communists, the Pope, David Cameron, the Saudis, and Mitt Romney. The
political class is discredited with voters hungry for change.
What they are missing are the millions of new voters and donors Trump has brought to the party, with the GOP contest drawing two million more voters than the rather boring Hillary v. Bernie bout. It is important to note that in 2012, a change in just 700,000 votes in five states would have changed the outcome of the election.
Read More
As Donald Trump prepares for an epic battle with “First Enabler”
Hillary Clinton, the media is too focused on party unity and are
oblivious to the fact that denunciation of Trump by failed elites like
the Bush’s as well as the prevarications of Paul Ryan only fuel his
rise, as did the opposition of Mexico’s ex-president, the Chinese
Communists, the Pope, David Cameron, the Saudis, and Mitt Romney. The
political class is discredited with voters hungry for change.What they are missing are the millions of new voters and donors Trump has brought to the party, with the GOP contest drawing two million more voters than the rather boring Hillary v. Bernie bout. It is important to note that in 2012, a change in just 700,000 votes in five states would have changed the outcome of the election.
Read More
But will Ryan stop moving against Trump behind closed doors?
by Kit Daniels, Infowars:
After Donald Trump and House Speaker Paul Ryan met in Washington, D.C., they released the following statement:
“The United States cannot afford another four years of the Obama White House, which is what Hillary Clinton represents. That is why it’s critical that Republicans unite around our shared principles, advance a conservative agenda, and do all we can to win this fall. With that focus, we had a great conversation this morning. While we were honest about our few differences, we recognize that there are also many important areas of common ground. We will be having additional discussions, but remain confident there’s a great opportunity to unify our party and win this fall, and we are totally committed to working together to achieve that goal. We are extremely proud of the fact that many millions of new voters have entered the primary system, far more than ever before in the Republican Party’s history. This was our first meeting, but it was a very positive step toward unification.”
Ryan called the meeting a “positive step” but was quick to say he hasn’t endorsed Trump yet.
Read More @ Infowars.com
by Kit Daniels, Infowars:
After Donald Trump and House Speaker Paul Ryan met in Washington, D.C., they released the following statement:“The United States cannot afford another four years of the Obama White House, which is what Hillary Clinton represents. That is why it’s critical that Republicans unite around our shared principles, advance a conservative agenda, and do all we can to win this fall. With that focus, we had a great conversation this morning. While we were honest about our few differences, we recognize that there are also many important areas of common ground. We will be having additional discussions, but remain confident there’s a great opportunity to unify our party and win this fall, and we are totally committed to working together to achieve that goal. We are extremely proud of the fact that many millions of new voters have entered the primary system, far more than ever before in the Republican Party’s history. This was our first meeting, but it was a very positive step toward unification.”
Ryan called the meeting a “positive step” but was quick to say he hasn’t endorsed Trump yet.
Read More @ Infowars.com
by Dave Kranzler, Investment Research Dynamics:
In
real terms, most international fiat currencies could come to be near
valueless when measured against gold and silver…And of course that
climate will cause the utter collapse of the global stock markets, not
to mention impact most severely our societal stability; all as direct
consequence of the delusionary monetary practices employed for decades. – Safewealth newsletter
Sell please. I’m buying. There’s a lot of analysis out there with highly flawed assumptions. The biggest problem with this analysis – Seeking Alpha link – is that the author assumes the Fed will raise interest rates. That won’t happen until the entire is system is forced into a reset from a collapse. The Fed knows this and has no interest in hastening that reset.
Just like the continuous threat of raising interest rates, there’s been a continuous threat of
Read More
In
real terms, most international fiat currencies could come to be near
valueless when measured against gold and silver…And of course that
climate will cause the utter collapse of the global stock markets, not
to mention impact most severely our societal stability; all as direct
consequence of the delusionary monetary practices employed for decades. – Safewealth newsletterSell please. I’m buying. There’s a lot of analysis out there with highly flawed assumptions. The biggest problem with this analysis – Seeking Alpha link – is that the author assumes the Fed will raise interest rates. That won’t happen until the entire is system is forced into a reset from a collapse. The Fed knows this and has no interest in hastening that reset.
Just like the continuous threat of raising interest rates, there’s been a continuous threat of
Read More
by Brian Hunt, Wolf Street:
Directly from your bank account.
“Negative interest rates” have become a phenomenon with economists and the media. But I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about, much like the Great Depression or the Cold War. It could send the price of gold much higher in the coming years.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement and barely getting by. And please remember this warning: Social Security will help even less than you think.
Read More
Directly from your bank account.“Negative interest rates” have become a phenomenon with economists and the media. But I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about, much like the Great Depression or the Cold War. It could send the price of gold much higher in the coming years.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement and barely getting by. And please remember this warning: Social Security will help even less than you think.
Read More
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