WaPo begins to get at the real issue but the Medical-Industrial Mafia Is Winning By Dividing The American People Against Itself
by Lee Adler, Wall Street Examiner
The Washington Post begins to pull the covers back on the real problem of the new 0-care law. It punishes and penalizes good people and doesn't solve the basic problem of the US medical services delivery system.
They are not eligible for subsidies, but they found a cheaper plan than the one being offered by their insurer. However, there was another problem: It would have required the couple to switch from the doctors they have seen for more than 16 years and travel more than 100 miles from their home to the nearest major hospital center for treatment - in Green Bay, Wis.
"I pay my taxes. I'm assistant chief of the volunteer fire department here in Cedar River and a first responder for Mid-County Rescue," Prestin said. "You try to be personally accountable and play by the rules, but the more you play by the rules, the more you get beat up on."
Closing Market Commentary For 11-05-2013
Markets closed on time - that is about the best we can report on today. Volume was low and any gains were mostly because of the HFT computers. Today investors were still sitting on their hands trying to figure out what the Fed has up its sleeve.
By 4 pm the averages had slipped a little from the sessions highs completing another session sliding sideways and going nowhere. Looked like a traffic jam in Los Angeles, going nowhere fast.
by Felix Richter, Statista.com
It's been two and a half years since the New York Times Company introduced the controversial metered paywall for its online content. In the face of declining print revenues, the company felt it had no choice but to stop giving away its content for free. By the end of September 2013, the New York Times had 727,000 paying digital subscribers, which is remarkable given the reluctance of many people to pay for digital news content.
Midday Market Commentary For 11-05-2013
The morning melt up has been progressing nicely and not unexpected. Many investors, including Wall Street insiders, are wondering why the this market still has legs, but understand the Viagra effect the continuing Fed's intervention of QE. The last 7 sessions have done nothing except slide sideways as few are willing to speculate on this casino's future.
By noon the averages were in flat land, red, but unlikely to see any green today as volume falls to anemic levels.
Opening Market Commentary For 11-05-2013
Premarkets were down -0.35% from yesterday's close because of Fed's Rosengren, speaking on CNBC this morning, warned that while inflation was not a problem, the costs of QE were a potential problem and risk to financial stability. Gold went up, the oils melted down and the SP500 futures slid.
Markets gaped down and very much in the red with some heavy buying activity from the BTFD crowd. The DOW, along with most of the other averages, left an unusual 7 point gap on the opening bell a good sign the markets will at least melt back up sometime in the very near future.
At 10 am the all important US ISM Non-Manufacturing Composite for October came in at 55.4 up form the previous 54.4 and higher than the 54.0 expected.
Written by Steven Hansen
The October 2013 ISM non-manufacturing (aka services) index continues its growth cycle improving from 54.4 to 55.4 (above 50 signals expansion) - and were positive but mixed on direction of growth.
Read more >>
Why I'm Investing $117,238 In This Stock
- Jeremy Phillips, Motley Fool Chief Technology Officer
This company is growing faster than Apple, Amazon.com, and Google combined. In fact, I'm so confident about its profit potential that I officially promised our legal team I would invest five times more than I own in any other stock. And hold it until at least January 2018. But I'd rather not go on my million-dollar quest alone... so I'm inviting you to join me! You don't have to invest $117,238. But whatever amount you choose to put in, I advise you to do it NOW.
Click here to discover my favorite stock!
Econintersect: CoreLogic's Home Price Index (HPI) shows that home prices in the USA in September 2013 are up 12.0% year-over-year (reported up 0.2% month-over-month). The year-over-year growth decelerated 0.4% compared to the August growth reported last month.
by Vice President of Asia-Pacific Analysis Rodger Baker and Asia-Pacific Analyst John Minnich
The Central Committee of the Communist Party of China will convene its Third Plenum meeting Nov. 9. During the three-day session, President Xi Jinping's administration will outline core reforms to guide its policymaking for the next decade. The Chinese government would have the world believe that Xi's will be the most momentous Third Plenary Session since December 1978, when former supreme leader Deng Xiaoping first put China on the path of economic reform and opening.
Read more >>
A AEROCON Fairchild metro 23 plane crashed in northeastern Bolivia kills at least nine people including three government officials. It had trouble landing at the Riberalta Airport in Beni Province.
Because cigarette and alcohol taxes are built into the prices of these products, many people don't even know they're paying them. But what if dot-dot-dot there were no taxes on those products?
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on an astounding interview quote from 2013 Nobel Prize winner Eugene Fama ........ and the last article is by PIMCO's Bill Gross who says if the elite don't save and invest their wealth it should be taxed away from them. These are two most remarkable public expressions from most unexpected sources.
by Larry Doyle, Sense on Cents
"The message is simple: Wall Street crime pays and there is no downside."
Will there be another market crisis and if so what will precipitate it?
In what is an instant Sense on Cents classic, noted attorney and former SEC whistleblower Gary Aguirre takes us on a walk down the path that seems self-evident to me will cause our next market crisis.
Can you imagine if you discovered a businessman went about selling a product, collecting revenues on those sales, but never actually delivered the product sold?
by Menzie Chinn, Econbrowser.com
This article appeared originally in Econbrowser 30 October 2013. From CBPP (10/24 - with illustration below added by
Econintersect):
The 2009 Recovery Act's temporary boost in Supplemental Nutrition Assistance Program (SNAP) benefits ends on November 1, 2013, which will mean a benefit cut for each of the nearly 48 million SNAP recipients - 87 percent of whom live in households with children, seniors, or people with disabilities.
The November 1 benefit cut will be substantial. A household of three, such as a mother with two children, will lose $29 a month - a total of $319 for November 2013 through September 2014, the remaining 11 months of fiscal year 2014. (See Figure 1.) The cut is equivalent to about 16 meals a month for a family of three ...
Read more >>
by Asif Suria
Insider buying increased sharply with insiders purchasing $114.05 million of their stock last week compared to $14.71 million in the week prior. Selling also increased with insiders selling $1.51 billion of stock last week compared to $1.09 billion in the week prior.
One of the more interesting insider transactions on the sell side that did not make the cut because it was an indirect sale through a fund was the $122.73 million sale of Netflix (NFLX) by top technology VC and founder of Technology Crossover Ventures (TCV) Jay Hoag. TCV has invested in Netflix over the years including the purchase of a $200 million convertible note from Netflix in 2011.
Econintersect: The October Eurozone PMI (Purchasing Managers' Index) was 51.3, up slightly from September's reading of 51.1. Ireland surged into the lead of the EU-17 parade with a reading of 54.9 , edging the Netherlands, Septembers leader, which dropped to 54.4. Ireland achieved a 30-month high. The only two countries below the 50 level, which marks the boundary between expansion and contraction, were France (49.1) and Greece (47.3). Both countries have been slipping lower in recent months.
Click on graph for much larger image.
Econintersect: The latest Blogger Sentiment Poll released 04 November 2013 byTicker Sense shows the bloggers have a fairly bullish market sentiment.
This blogger poll is very noisy.
by Felix Richter, Statista.com
Worldwide tablet shipments grew 36.7 percent to 47.6 million units in the third quarter, as Apple's competitors are finally gaining a foothold in the tablet market. The market leader itself saw iPad shipments stagnate at 14.1 million units.
by Allan M. Malz - FRBSF Economic Letter, Federal Reserve Bank of San Francisco
Certain financial instruments provide information on expectations of future interest rate movements. One relatively new instrument is yield curve options, which allow investors to take financial positions on a range of possible future interest rates. These options can shed light on the views of financial markets regarding future monetary policy at a time when short-term interest rates are near zero.
Monetary Policy Week in Review - Oct 28-Nov 1, 2013: India raises, Hungary cuts as Fed boosts global liquidity
by Peter Nielsen, Central Bank News
Last week India raised its main policy rate but cut its overnight borrowing rate as it finished unwinding extraordinary measures taken in July while Hungary continued its easing cycle, illustrating how many emerging market central banks are taking advantage of the ample global liquidity that is being fueled by the Federal Reserve's ongoing asset purchases.
Gas Prices: Week Ending 04 November 2013: Just Under 3 Cents A Gasoline Price Decline
Econintersect: Gasoline prices fell an average of 2.9 cents nationwide this past week following last week's rise of 6.3cents from the week before. Since September 2nd, gas prices have declined 33.5 cents.
Average prices by region and a breakdown by grade follow after the "Read more>>".
Written by Mitchell Clark, Profit Confidential
As evidence of the continued growth in three-dimensional (3D) printing machines, 3D Systems Corporation (NYSE:DDD) out of Rock Hill, South Carolina reported very good financial results in its latest quarter.
Investors went into the quarter with high expectations, and in spite of some difficulty in translating revenue to the bottom line, 3D Systems looks well-positioned for more capital gains on the stock market.
Econintersect: Over the past thirty years the cost of computer storage has come down by 3 x 10^6. What cost $3 million in 1981 cost $1 in 2012. Or, for those who are impressed by a lot of zeroes, what cost $1 in 1981 cost $0.0000003 in 2012.
