Financial topics

[aedens]

http://www.zerohedge.com/news/2013-11-0 ... ning-match

We unpacked the black box on credit creation. Brodsky indeed has a decent narrative above on relationship to ngdp as
noted for some who survived those "realities" on the transitory effects called the peso crisis ect and lock ups we are aware of as also the
Smithsonian accord on free float of FX which I rather avoid since policy is intent on zirp which in essense is nirp arm twisting for captial creation
since once you see what the BIS and WTO actually is you can avoid the trip wires of ngdp rhetoric on the funtion of fungible capital maintenence.
If you look into the demise of the natfta "loopholes" on flooding which we also covered here in context to bilateral observations to get a grip on
production flows.
Anyway as before it interferes in actual production in a most dangerous manner since it is impossible to mark and measure moral hazard malinvestments from a premise of credit collapse with out marked to market seeking stabilization. Basil Moore 1983, “Unpacking the post Keynesian black box: bank lending and the money supply”, Journal of Post Keynesian Economics 1983, Vol. 4 pp. 537-556; here Moore was quoting a Federal Reserve economist from a 1969 conference in which the endogeneity of the money supply was being debated. Consumption of fixed capital.

The concept of print it they will come is ngdp which is the back bone of aca also, but not the limbs. Please remember the maintenance of fixed capital exists for the net working capital and actual free cash flow existing in energy margin cluster. The market made a move and few understand implications we have warned of since that is what it is in this turning.
As he notes "However, even if they succeed in increasing NGDP, they will likely fail in pulling the global economy out of its current disequilibrium."
As with NAFTA the loop holes we noted before and the new agreements are no accident either.
As for the current ACA sector and the election cycle it appears they could actually care less with over 10 million votes gerrymandered as banked as "its free" and no point trying to explain any more the concept no accidents in Politics since FDR and political science. The or else structures will not change since the electorate is actually brain dead and lets be clear I am no R or D. To note is the the lefts ability to control the verbiage on how they screw you in Borgeville and the ability to watch the implants of pressitutes control FUD as the wasting continues. Ask The Swedes how much free cash flow after the statists parasites bleed them pale white and thus rendered servile wards. Key words here are wasting and veil since it coveys the contextual process since lets say 1796.

[aedens]

http://www.zerohedge.com/news/2013-11-0 ... blowing-it
http://www.nytimes.com/2013/11/03/magaz ... .html?_r=4&
http://canadafreepress.com/index.php/article/58854
http://gdxforum.com/forum/viewtopic.php ... 500#p21259 g links
http://gdxforum.com/forum/viewtopic.php ... 321#p21327 rc link

If you make 22.00 dollars over 46k per year it will cost you over $7500.00 I will look for that to relink.

"What is QE?" "You Republicans are all alike..." Sorry no r or d here just a small l watching sociopaths real time.

Rogers was right about baby with a hammer until 1989 then another picked it up and cannot even make a pencil.
http://www.econlib.org/library/Essays/rdPncl1.html
If the product is so good why is it backed up with a gun to your head guys.
Broken windows to broken skulls will lead to what is always does as it is walked to the dust bin of history.

One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.
I urge you to contact and sort out who are the scripted ward heelers upcoming in local election for city control and it is very easy to see what they are actually upcoming. Locally we are still in a spiral down the pipe as we say. We are actually making plans for the next exodus out since they all say they want a larger straw to stab in you to "fix the issues". They are factually challenged now on what has happened since Truman to be polite..
http://www.americanthinker.com/2008/09/ ... ategy.html
This issue alone as Stranded Costs on aging and abused workers will always be paid by Taxpayers so ask why the truly thinking and normal
http://www.zerohedge.com/news/2013-11-0 ... er-weekend
Democrats who may watch the ship go down on countless workers who already are, and have been abused as the Locust Republican also who are joined to the hip with the White Flags as Larry Summers knows they truly are in zones because Romney would not explain actual issues of needed structural reforms and the current illness of GOP group think that we must pay or else for miscreants who cannot cross there legs. A few cases are pending on paying by law for issues beyond the scope of decency and conviction of thinking people. Not all r or d are bad, as d and r are good in a sense of the air of simple realism called the Book and the Letter. I seen one who harmed many got a package from skynet and that is what we know as totalitarian political system masquerading as a religion and moderates understand confusion shelters corruption so it just that simple all over. For those circles to consider Toynbee's later goals of the over the pond Human Action or Modelski and Thompson fatalism I consider Annuit Coeptis the borrowed time as the nature to covet. As you ask the three levels indeed it does not reflect what was and the balances that should be.

[aedens]

I was considering John's note from the price control view and as always in GD we unfold grammer as logos
as conviction to logic and rhetoric to law as to convey however painfull. Bent of mind to summations from intent is a path already
worn. The moral orthodoxy is not social solidarity as known to build anything with a culture to imagine
nothing is diluted to a reputation being reversed as we are going to date from Nixon to this induced malaise.
Before the moral view noted was Lee surrendered on Plam Sunday and Lincoln taken on Good Friday.
In passing we watch a House Divided to this day and Washingtons actual warning applies to the unwary.

http://www.zerohedge.com/news/2013-11-0 ... d-guidance

http://shtfschool.com/

[aedens]

http://www.zerohedge.com/sites/default/ ... rnings.jpg

so til tuesday of them two quarters ago.

https://www.youtube.com/watch?v=lg8Q2Dvy9C0

[CrosstimbersOkie]

Obamacare was designed to deliver both affordable premiums and reduced costs, and as implemented it will do both if properly implemented as intended. Obamacare does provide cost savings to employers and insurance companies by permitting massive annual deductibles for Bronze level plans - this shifts the costs of getting sick from the insurance company, and from the employer, to the patient. The premiums to the patients for bronze level plans are also very affordable.

Platinum and Gold level plans provide marginally lower, but still very large, deductibles and co-pays, but the premiums sky rocket.

Nice bit of sarcasm! I love it. It almost sounds like the insurance companies are the actual force behind Obama Care... Surely not.

The insurance companies are facing financial disaster because the only
new people signing up are sick and have pre-existing conditions. The
state budgets are facing financial disaster because there are hundreds
of thousands of people signing up for free Medicaid. The web site has
no chance of working well by Dec 1. Nixon's wage-price controls were
a disaster for the economy, but this is much worse. The stupidity of
anyone who thought this would ever work is cavernous, and the people
who continue to push this program are nothing but criminals, and
deserve to be jailed or shot.

Do you think Obamacare is the destruction of the old order, or is it the establishment of a new order which may work when unforeseen 4th Turning circumstances arrive? The same things were said about social security in the 1930s. And they were true, except that it was made to work, for 80 years anyway.

[CrosstimbersOkie]

Generational divide on the Obamacare issue is striking.

Generation X Democrats, like those in the White House, have gone into attack and outright lies mode on this one.

Generation Xers are attacking those who have their insurance canceled, and complain about it to the press, as a moronic minority of a minority ( some part of 15 Million people - which is less than 5% of the total population ) so the press should ignore them.

Generation Xers have also labeled all the policies being canceled as "junk policies" that "sometimes" ( the sometimes is usually omitted from the attacks when repeated by the press ) do not even cover hospitalization. The owners of these policies being canceled are also too stupid to appreciate that Obamacare has saved them from these junk policies and too lazy to shop around and locate "quality insurance" policies to replace them.

The big lie in all this is that the policies being canceled are mostly junk policies. Insurance companies manage risk and some individuals do not abuse insurance, even if they have a chronic illness, and they are good risks, and their premiums are lower than the premiums of say a habitual drug addict might be. Replacement policies must accept drug addicts with many serious health issues and long time good customers at the same premium levels.

Older Democrats, like the talking head consultants on news programs, are admitting that the Obamacare is causing "disruptions" in the insurance market, and that it is "unfortunate" that the President of the United States misled this minority into thinking they could keep insurance policies that they liked and that worked for them. The President meant well, but he should have used more "precise" language. The Older Democrats are also admitting that when change happens sometimes good people get hurt. It is just "a price we have to pay" to get beyond these disruptions to the promised land of Obamacare.

Different ways to put lipstick on a pig.

This Gen Xer, and nearly all the ones he knows, are a bit Libertarian and have little use for Obama or his care.

[CrosstimbersOkie]

The insurance companies - and large employers with large historic employee health care costs - appear to be the winners in all this.

They had three years to prepare. They are still fee enterprise entities and they are free to take advantage - or make mistakes - when change is imposed. But both the large Employers and the Insurance Companies that were smart about managing this change are set to make huge profits off this.

Growth of small companies - the low cost competitors of large companies has been stunted by Obamacare.

Smart, productive, employee have stayed with the big companies due to fear of the unknown, and because small competitors were not hiring full time employees.

Obamacare has given large employers the excuse to massively increase annual deductibles and co-pays, thus shifting health care costs from the employer, to the employee, and driving most employees away from going to the doctor and hospital except when they are extremely sick, and in addition it has become acceptable for large employers to drop health care for part time employees, and cut the hours of part timers back to less than 29 hours a week. Taken together all these changes will cut large employer benefit costs drastically and boost the profits of large employers.

Insurance companies have been able to use this as an excuse to drop expensive hospitals and expensive doctors from their networks, not only for those on Obamacare, but also for those on Medicare, and also for those on Employer sponsored health care plans, and for those insurance companies who play in the Medicaid Market, they can do the same for Medicaid in some states.

At the same time insurance companies have been free to stop issuing policies on a selective county by county, and a state by state basis. Some will guess right and some will guess wrong on these actions. There will be winners and losers. Insurers were free to cancel policies and use Obamacare as an excuse. Their replacement policies being new policies, fall under a different set state rules, in those states where insurance premium rates are regulated, such as California, there will be no premium increase requests to be approved, limited, or disapproved ( the new Obamacare policies were different beasts with no history - and thus - no increase ).

State insurance regulators were out of their league on these changes. When the annual deductible goes up by a factor of five ( 5 ) times and the premium goes down by a couple of dollars a month - is that a rate decrease? Maybe under state rules, but it is a massive profit increase for the insurance company - and that is exactly what is happening in the individual insurance market.

The largest part of the insurance market, by far, is the employer plans ( 80% of the market ? ), many of these plans will keep the same premiums from last year while doubling or tippling the out of pocket costs for health care. Even after sharing some of those savings with some of the more savy employers, the profits of the insurance companies serving that huge section of the health insurance market will surge. As will the profits of the self insured employers.

Even though the insurance companies stand to lose some policies from people who they canceled , andjust go without insurance, the profit increases for the insurance companies should be massive.

My thought exactly. And these just happen to be the organizations that helped put Obama into office through massive campaign contributions. Obamacare has a wonderful Leftist appeal, on the surface. Until you start looking at who really benefits.

So, is it the destruction of the old order, or the creation of a new? I lean toward the former, but I'm willing to entertain the possibility that I'm wrong.

[aedens]

Russian-owned television station, the Rossiya 24 version of the I-Team found that Chinese-imported kettles and irons are equipped with “spy chips” that resemble “little microphones.” Apparently, the hidden buggers connect via unprotected Wi-Fi networks to a computer within 700 feet and spread viruses. Custom officials have found more than 30 products with the chips, including phones and dashboard cameras.

NWO is the same as the OWO wake up kids. I also saved the file when I was unbraided for political kill switches notations. The thought map was from others before us from the edict of Decius from the year 250 for political consolidation. People will simply learn the hard way since they always do. I think a few here see the darkness decending since the silent war was and is real. The wrong phone app is pb in the processor. The wifi light bulbs they have are decent tech also.

[aedens]

The EIA's International Energy Outlook 2013 report dated July 25, 2013 predicted, in its reference case, that global oil prices would soften over the coming 2-3 years, then edge back towards $106 by 2020. That reference case was built on a non-OECD GDP growth assumption of 4.7% per year. Their base case, using a lower GDP growth assumption, has oil going to about $70 in the next year or two before climbing very slightly over the following years to $75 long term.
The Shale Oil Boom: A U.S. Phenomenon
This report was published by Leonardo Maugeri of the Harvard Kennedy School, Belfer Center in June 2013. It's a top drawer report and is compelling reading. The report says that total U.S. shale oil production may reach 5 million b/d by 2017 and it uses WTI oil price assumptions of $80 in 2014, $75 in 2016 and $65 in the long term. At these prices U.S. shale oil production would still be profitable.
Futures market
WTI futures pricing on Nymex shows 2014 pricing at the mid to low $90s, dropping to the high $80s in 2015 then softening towards $80 over the next subsequent 4-5 years. As a predictor of oil prices in years to come, the futures market is pointing to an oil price significantly below today's levels.

Trending the content and the reality and FCF.
http://stockguy22.com/crack-spread-trade-it/

Best comment of the day: I recently dug an old beta tape out of a closet. Back in the day I used to tape the last hour of trading on the old Financial News Network, or as it was universally known, the Financial Fools Network. The shows were taped in 1990 to 1992 period when it was on cable. A few points:

1.) This was a few years after the 1987 crash. About 2 out of every 3 guests would say that the market was overpriced and headed for another inevitable crash. This was during a bull market that ran from 1987 to 2000. A great time to be in the market. Everybody fixated on the '87 crash the way people today fixate on the 2009 meltdown.
2.) Market timing was the key to everything. Follow the Fed. Only fools concentrated on stock selection.
3.) The dollar's days as world reserve currency were numbered. The Japanese yen would replace it. This viewpoint peaked about the time the Japanese market did.
4.) Hyperinflation was JUST AROUND THE CORNER. If you didn't buy gold you were an idiot.
5.) Damn Sue Herrera used to be a babe. Today not so much.
6.) At least half of the people on the show were obviously insane. Remember Andrew Lightbody, military commentator and former jet pilot. Jeez....
I guess my point is that the more things change the more they remain the same. Don't get locked into any position. Keep an open mind. ob1

[Reality Check]

This Gen Xer, and nearly all the ones he knows, are a bit Libertarian and have little use for Obama or his care.

Based on election returns from the 2012 Presidential election, Generation Xers as a whole, appeared to support Obamacare and it's author.