Financial topics

[Reality Check]

OK, I will admit much goes over my head - but I believe I got that one.

Promise shoes for those who go barefoot - and get everybody to agree the government should create shoe stores - where the shoeless, if they want shoes, can get "good, government designed shoes".

Make, by force, all the shoe stores who sell non-government designed shoes - stop selling non-government designed shoes.

Take away the shoes of between 20% and 70% of the shod population, by force, just before the government shoe store opens, and at the same time that all the stores selling non-government designed shoes - stop selling non-government designed shoes.

Give Billions in free money - to people who buy from the government shoe store - but not to people who buy the same shoe from non-government shoe stores - ( even though the non-government shoe store is selling the same government designed shoes. )

Congratulate yourself on how popular your new government designed shoes are - millions are buying them - on the first day they are available - and congratulate yourself on how the government store took such a huge market share away from the non-government stores !!!

And finally, congratulate yourself on knowing that millions of those shoeless really wanted shoes.

How could the government possibly screw that up, it is a rigged deck, but yet they did

[aedens]

True RC in context also they cannot make a pencil to fill the order anyways since we linked the humble pencil here a few times.
Now scale this up.
http://real-economics.blogspot.be/2013/ ... hange.html

Consider the actual science admits this year alone with the new data just revealed they need at least a decade
is needed to model it. These people are simply lost on the "agenda" above and the cherful and useful are just that.
Simply understanding them does not change the facts of existance in the cosmos since truly we know less
and they know even more than less. The 900 of the thundering herd experts are the people who have no problem taking your money
as they watch others point guns at others in the truly parasitic role they are in. Even if you provide accurate data you will be eaten by that tribe.
Simply they are what we discussed as the proverbial fatal deceit as before. Hayek knew this as did Keynes since they only differed
on the entry point to sort out needed cartels on what you may remeber as the 1346 cluster nodes which keep these neo pagans
today from eating each other.

Also nurse goodbody will be allowed to prescibe presciptions from the earlier dilution edict.
http://michigan.gov/documents/mdch/MSA- ... 0556_7.pdf
http://www.mlive.com/business/index.ssf ... _drug.html

[Higgenbotham]

Higg they are pegging the stupidy meter on so many levels I cannot see how the wheels are staying on.

You got me. I just noticed today that the EMRATIO (employment population ratio) has dropped back near the 30 year low, yet we are told that "more QE" will get the unemployment rate down even further.
http://research.stlouisfed.org/fred2/series/EMRATIO/
Surely we know that the reason the EMRATIO never topped 59% until about 1977 was that ONE paycheck could support a household but generally has not been able to do that in the years after 1977.
And I guess if the wheels coming off means the EMRATIO takes another dive like it did 5 years ago, yeah, the wheels will really be coming off.

[Reality Check]

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Obama Generation X - Got Caught Telling big Lies - How to Fix IT ? - Tell More Lies
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New Obama lies:

• 1. I, President Obama, am acting today in an attempt to allow ALL Americans in the Private Insurance Market who have had their policies canceled, to keep those policies.
  
  2. I, President Obama, promised insurance companies that the President Obama Administration will not prosecute any insurance company if that insurance company breaks federal criminal law, and keeps ALL their canceled insurance plans around for another year.
  
  3. The insurance companies will break the criminal laws of the United States, and make their companies criminals who can be prosecuted any time my employees want to punish them, expose their shareholders to massive financial loss, risk losing their right to sell insurance, when my promise, President Obama's promise to not prosecute, does not apply to all canceled policies, but just to some very limited number, and that it will take months to figure out which policy re-reinstatements are criminal acts and are included in President Obama's promise not to prosecute, and which policy re-reinstatements are criminal acts President Obama WILL prosecute, and given that the President of the United States, and that President Obama's Administration, will NOT help out by pre-approving, or pre-disapproving, any given policy for re-reinstatement.
  
  
  4. That the insurance companies are going to jump right on this voluntary opportunity to commit federal crimes, to commit state crimes, and to be sued by policy holders and by share holders, that Obama has so graciously, offered them, and that the Insurance company's will volunteer to take all the risk associated with fixing this problem, that he, President Obama created.
  
  

Obama's Actions Speak Louder than his words:

• 1. President Obama, is taking actions that are, at best, intended to allow only a small percentage of the Americans in the Private Insurance Market who have had their policies canceled, to keep those policies. At worse Obama is making this attempt at a partial solution to the canceled policies "political problem" for the purpose of confusing the issue, preventing the Congress from acting to fix the problem, and allowing President Obama to blame the insurance companies.
  
  2. President Obama, at best, is allowing the insurance companies to take a huge risk of breaking federal and state law, and a huge risk of being sued for committing criminal acts ( it is still a crime even if you are not prosecuted for it ), for the sole purpose of saving Obama's immediate political problem. President Obama is taking no actions himself, and is merely allowing the insurance companies to take all the risk, receive all the blame, and absorb all the costs for what happens next. The insurance companies are, no doubt, going to decline this tempting opportunity.
  
  3. President Obama, promised insurance companies that the Obama Administration will not prosecute them if, and only if, the insurance companies can prove, after the fact, that all un-canceled ( re-instated ) insurance policies meets the qualifications of a grand fathered plan under the Obamacare law ( except for very minor changes to the policy after 2010 ), and the insurance policy was canceled only because of minor changes after Obamacare was passed, and only if the insurance company complies with a whole slew of new written notification requirements to person who had his insurance canceled, before the insurance is re-instated.
  
  
  4. President is requiring every insurance company who elects to break federal criminal law by reinstating a canceled policy holder's policy, to send written notice of all the things the insurance policy does not cover to the person being offered the opportunity to have their insurance back, before the insurance can be turned back on. This will of course delay re-in statements for weeks or months.
  
  
  5. President is also requiring every insurance company who elects to break federal criminal law by reinstating a canceled policy holder's policy, to send written notice of the great benefits of shopping around on the Obamacare Exchange where the Policy Holder may, or may not, find better deals, before the insurance can be turned back on. This will of course delay re-in statements for weeks or months.
  
  6. Each state must pass laws, or change regulation or issue state executive departments orders, to allow these fixes to go into effect. If they decline to do so, the insurance companies are blocked from extending the policies in that state by existing state laws and existing state regulations. Unless insurance companies want to break state laws as well, and hope for the best.

[aedens]

http://watchdog.org/97663/mi-economic-d ... -creation/
http://www.michigancapitolconfidential.com/18919
Recent audited information if the report was correct confirms the nerd Governor of Michigan has a problem in house. When I get time I will check our local numbers people and see if they confirm the "usual suspect" when it gets bad you have to attitudes. Taxpayers need reroute the river to flush the stables which long over due. Dimmcrats and Republitards are toxic again as always since profit and loss and law and contract are alien concepts to them and will just shift the vocabulary and bleat the same old drunken purple cool aid bi polar hubris. One needs to blow shit up and the other give it all away as we waste. Willfully ignorant kool aid free shit army kind pointing out the planet owes then a living is wearing thin as budgets strain and over 100000 jobs go unfilled in our area if the data is correct. Between the crack heads and meth minds stealing anything not nailed down it is going to get even more ugly very soon. I have to waste a Friday meeting because these semi functional retards cannot run a website and growth company's have one thought only about uncertainty and as we noted before unless we get there inside buy sheet we go black as before as will they as the pocket hit before will be the current pit of there own design.

Context: Sat Sep 12, 2009 5:35 pm
viewtopic.php?f=14&t=2&p=4156&hilit=socialist#p4156
Americans are still painfully clueless about needs to there economic survival anymore. Ask Pelosi or there mindless and clueless hordes and ilk about not in my back yard semantics bent on emotional blackmail and not fact of law or contract or proper funding. Yes some Company's are ruthless and follow the political chain to its ultimate conclusion of special interest's. Rent dissipation issue's in a mixed market is life or death now and the coruption will envelope more very soon it appears to wasted capital. As we are the Internal socialist's have destoyed more economic security than the free world competion had ever dreamed of which is only brought up to pacify the simple of mind dominating the population. Mr Obama nailed there ass to a board and each party cannot see the writing on the wall about fiscal sanity or walk out the room given avarice unabated with that board nailed to there ass with mind numbing greed. Currently the Fed still spews debt is wealth, I rest my case on these insular realities of elist rambling.

The Senate need to grow set as does Obama to get costs in line and that is not going to be solved hammering the ones we have who are trying
and the taxpayer for putting in mindless rent seekers. These people are not stupid nor are we.

[Reality Check]

Obamacare - what is Really in it - Obama Administration trickles out Confessions
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...This is why peoples current Health Insurance Policies THAT WERE CANCELED must STAY Canceled

In a letter to state insurance commissioners, ( the U.S. Government, Department of HHS, ) Center for Consumer Information and Insurance Oversight director Gary Cohen wrote on Thursday that one reason for the new Obamacare measures the president announced Thursday is that millions of consumers receiving cancellation letters from their insurers are learning the Affordable Care Act options ( Obamacare law health insurance policies offered on the Obamacare Exchanges) are in fact less affordable ( COST MORE ).

'Although affected individuals and small businesses may access quality health insurance coverage through the new Health Insurance Marketplaces,' Cohen wrote, 'in many cases with federal subsidies, some of them are finding that such coverage would be more expensive than their current coverage, and thus they may [be] dissuaded from immediately transitioning to such coverage.'

This is a message to the States who also have to approve the "fix" Obama proposed today: "Kill the fix.".

Washington sate received the message loud and clear, 2 hours after Obama announced fix, the Insurance Commissioner of Washington State announced he would not allow any people to keep their existing policies, once canceled, they stay canceled in Washington state.

http://blogs.seattletimes.com/healthcar ... -policies/

http://www.dailymail.co.uk/news/article ... -time.html
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[Reality Check]

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Obamacare Strong - More Details Coming Out - All about who controls the Money
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There is a dance going on with President Obama and the designers of Obamacare giving a wink and a nod to Insurance Companies about why they, the insurance companies, should spend huge amounts of money, to provide President Obama and the Democrats with Political Cover on these canceled insurance policies.

The insurance companies have hitched their wagon to Obamacare. But why?

One reason is that while Obamacare limits the excessive profits Insurance Companies can keep, there is no limit on the excessive profits the insurance companies can make, and the Obamacare law also promises to limit losses for insurance companies as well.

Another is that the Obamacare law allows the insurance companies to massively increase premiums and massively cut benefits on captive markets that are forced, by federal law and massive penalties, to buy their product. They have to share any price gouging profits with the federal government, but the insurance companies believe this will be a good deal in the early years - and insurance companies still in the individual market are betting the reward of huge short term profits are worth the risks of eventual government confiscation of their business. Each year they have the option of taking their money and running, so it is only a year to year risk.

How does the government promise to limit insurance company loses ? This is the part no one talks about, certainly not the main stream media, or the vast majority of the Republican party, or the vast majority of Democratic party. It would require them all to read and understand the thousands of pages of the law and the tens of thousands of pages of regulations. But the main way is by using those slush funds to keep an insurance company from going broke the first few years of selling the Obamacare regulated insurance policies. The law does not allow these funds to be used for grandfathered insurance plans that do not comply with with Obamacare Regulations - but Obama is hinting that he will do that by executive order if the Insurance Companies will help him out on his little political problems with canceled policies.

Obamacare has multiple wealth re-distribution mechanisms built into it.

These include the following Wealth Redistribution Mechanisms:

• 1. The largest, and virtually ignored, is redistributing wealth from ALL those buying ANY Obamacare regulated policies, into a U.S. government controlled slush fund, and through that fund to any player in the Obamacare market that the U.S. Government wants. The Obama administration has promised in the law noble goals for the use of this slush fund, but, the message President Obama, and the Obamacare architects, sent yesterday to the insurance companies was we can reward our friends, and punish our enemies, at our sole desecration, reward with cash - from this slush fund(s) - and punish with prosecution by the U.S. Justice Department of any individual insurance company that defies us, and punish with the denial of the ability of any individual insurance company to sell insurance by the decree of U.S. government regulators. Several people have pointed out that the law does not permit this use of the slush funds for these purposes, to which the Obama administration has replied that Obama was not bound by the law when he issued executive orders related to "The Dreamers Executive Order" and "Delaying the Obamacare Business Insurance mandate Executive Order", so does any one really want to bet against President Obama once again ignoring federal law and getting away with it?
  
  2. The other large redistribution mechanism is wealth from those who use health care services less, to those who use health care services more. Many describe this as the from the young and more healthy, to the older and less healthy, but that is really a conclusion, rather than a driving force, and is to a large degree wrong, and can also shift greatly based on year to year jiggering of health care regulations. This is also described as from those without terminal illnesses to those with terminal illnesses, and that has certainly been a correct conclusion in the past.
  
  3. There are many other,wealth redistribution mechanisms built into the Obamcare law, resulting from the ability of the U.S. Government to adjust regulations to pick winners and losers among patients. For example, wealth is transferred from smokers, men and the older U.S. citizens, and wealth is transferred to illegal drug addicts, the mentally ill, women, non-smokers and the younger U.S. citizens - that is based on the current effect of the regulations, but this is subject to change based on the year to year desires of U.S. Government executive branch employees and sometimes law makers.
  
  4. These different wealth redistribution methods can work at cross purposes, so for instance the large increases in insurance premiums and large increases in annual deductibles ( when premiums and annual deductibles are compared to comparable insurance policies being canceled ) for Obamacare regulated insurance policies, can be partially offset, by premium subsidies from the slush fund to the lowest income individual purchasers of insurance. Another example is that premiums for younger people are less than older people, for the exact same policy, yet the younger people virtually never exceed the high deductibles so young people still get less for their insurance dollar.

How is (are) the slush fund(s) funded ?

• These are by far the most interesting aspects of the Obamacare law which are never talked about together.
  
  Only Obamacare regulated policies may be sold by private insurance companies in the private market begining in 2014 - for some states like California, that date is January 1st, 2014, other states might be on different dates in 2014. All Obamacare regulated policies must contribute to the slush fund(s). Theoretically grandfathered, non-Obama care regulated, policies would only have to contribute to some, not all, of these slush funds. But as has become clear in the last few months it was not in the interest of the Federal Government nor the Insurance companies to keep these grandfathered policies around.
  
  All policies sold on the Obamacare Exchanges ( both the federal exchanges and the state exchanges ) are private insurance policies. The exact same policy can be purchased direct from the insurance company as can be purchased on the exchanges. The difference is only the Exchanges can offer discounts on premiums, also knows as subsidies, ( funded by the slush funds ). Regardless of where the policy is sold ( exchanges or direct from the insurance company ) the price paid the private insurance company in premiums is the exactly the same, high ( full ) price.
  
  Obamacare laws allowed the Insurance companies to increase premiums charged for Obamacare regulated insurance policies ( which are the only policies that may be sold in most private insurance markets now, such as California ), but at the same time it masked these premium increases by offering subsidies from the slush fund to some of the purchasers. This allowed the Media to report a policy selling on an exchange "for as low as the lowest net price after the largest possible subsidy was applied" for that specific policy, or to report "the average net price for a policy after all net price subsidies were applied", instead of the actual very high price the insurance policy was selling for before the subsidy coming out of the slush fund. Regardless of how low the premium price appeared to be in the media, or how low the net price appeared to be on the exchanges after subsidy, every single one of those policy premiums was paid to the private insurance company at full price, at the massively increased price [when compared to similar policies not subject to Obamacare regulations, which are now illegal to sell] - Only the buyer saw the discounted price - the seller, the private insurance company, received the full high premium ( for those purchasers buying with a subsidy - the slush fund made up the difference). The resulting price gouging profits are thus available to the insurance companies to split with the government via a number of profit sharing mechanisms. The governments portion goes into the slush funds.
  
  Obamacare law and Obamacare regulations also allow the private insurance companies to massively shift the cost of health care to the patient from the insurance company. The private insurance companies can take advantage of this cost shifting by increasing annual deductibles, and increasing co-pays, and shifting frequently used high expense diagnostics, such as MRIs from preventive not subject to deductibles, to treatment costs subject to to the high annual deductibles. This cost shifting massively increases private insurance company profits by massively lowering the portion of health care costs being paid by insurance companies for those people who are slightly sick, moderately sick and or become chronically sick after being healthy for years. There is the added benefit that low information health care purchasers will rely on the promise of the government that the Obamacare Policies provide better benefits and do not check out such things as MRIs and hospital co-pays when evaluating how much an Obamacare regulated policy costs.
  
  The U.S. Federal government ( tax payers ) will loan these slush funds any money they need to prime the pump and get the Obamacare regulated insurance market running. Once enough people are forced to buy very expensive Obamacare regulated policies the plan is to have the slush funds pay the federal government back for the loans. Because over time all policies, even employer sponsored and offered policies, will be Obamacare regulated policies. All grand fathered plans, including ERISA regulated employer grandfathered plans, will change enough to be forced to become Obamacare regulated plans.
  
  How does the money flow from the purchasers of these Ombancare regulated plans into the slush funds? There are many ways. The private insurance company must contribute a fix amount for each Obamacare regulated policy sold, so that is part of the price paid for the policy that provides no medical care to any patient. The private insurance must also pay a "tax" on it's "reasonable" profits. The private insurance company must also pay a confiscatory tax on any amount over "reasonable profits". The confiscatory tax is at least 40%, but may be higher. All of these taxes, or fees, or whatever you want to call them, go to the slush funds.
  
  It is important to remember that every policy sold on the Obamacare Exchanges is a Private Insurance Company policy re-sold through the Obamacare exchanges. Everyone of those policies sold on the exchange are subject to diverting part of the price of the policy paid to the private insurance companies through the exchange, to the slush funds. Built into the price of every Obamacare regulated policy, including those sold on the Obamacare exchanges, and also including those offered by employers, is the costs of the Slush Fund "taxes".
  
  How large is the extra cost paid into these slush funds ? Well the answer is in what they are intended to do. The entire cost of the subsidy program is expected to be paid by these slush funds - and pay back the loans to the Taxpayer funds.
  
  At the bare minimum the premium prices must be inflated so that those paying full price for the premiums, and those receiving the smaller subsidies, must be overpriced at least enough to cover the cost of all the subsidies. There are other purposes for these slush funds as well, such as limiting any individual private insurance company's losses, so the overpayment by all must be much larger than just enough to cover subsidies for those receiving
  
  These overcharges are represented by President Obama as charges on private insurance companies profits, not overcharges, but the bread and butter funding is structured as revenue taxes, so even if the insurance company loses money it must still pay the base fees into the slush funds.
  
  But profits for the insurance companies are determined by the difference between premiums paid, and health care costs paid by the insurance company. So by raising premiums only moderately and cutting insurance companies costs greatly ( by raising annual deductibles for comprehensive policies to the same as they use to be for catastrophic policies for example ) those profits can soar.
  
  These slush funds provide the key to understanding why premiums are increasing and and benefits are decreasing under all the new Obamacare regulated policies. Insurance companies understand less people are going to buy these less beneficial and more expensive policies - that is why the mandatory purchase is important - and also why eliminating any alternatives is also important - canceling old grandfathered policies is important to force people to buy the new less beneficial and more expensive policies - but in any event the insurance companies are taking as few chances as possible - thus they are shooting for "excessive net profits" on every policy sold. Sharing excessive profits with the government is better than losing money on every policy sold, and then after losing money on every policy sold, paying into the government slush funds an addition amount for each policy you lost money on.
  
  This also explains why the federal government is desperate to kill grandfathered policies so nobody has anything to compare costs and benefits with.
  
  Initial excess profits are also great for the government because they will fill up the slush funds and eliminate, or at least reduce the need for, federal taxes being diverted into the slush funds, thus allowing those taxes to be spent on other purpose those running the government are interested in. A side effect is the high deductibles will suppress moderately sick people going to the doctor which will make it appear that Obamacare drove down the cost curve for health care. Excess profits will also allow the federal government to blame everything on "bad apple insurance" companies.
  
  Penalties of 3% of GROSS INCOME ( before any exemptions or deductions for costs of living are deducted ) are charged to those who do not buy Obamacare regulated insurance policies - and this 3% of gross income also goes to the slush funds. This penalty starts out at 1% of gross income in 2014, goes to 2.5% in 2015, and finally to 3.0%. So a family of four making a modest $50,000 of income would be required to pay $1,500 per year into the slush fund, going forward ( if they decline to fund the slush fund by paying an intentionally over priced Obamacare regulated policy.)
  
  Finally, all the above slush fund, funding mechanisms are a regressive income tax, on gross income before any exemptions or deductions for living the costs of living are allowed. This regressive income tax will hit the lower middle class and middle class working families the hardest. After all, that is where the real money is, in the pay checks of the lower middle class and middle class that Obama promised to never raise taxes on. Their is over 200 Million of these potential blood donors. President Obama has found a way around his promise not to raise taxes on the poor and middle class.

[aedens]

Thanks RC, The administration is now the official kill switch tyrants and deserved.
PROBLEM - REACTION - SOLUTION And what did they tell 0bama today about to late.
Smoothing the edges is a cost channel. So 39 voted to get relected since
"oops these 20,000,000 illegals even without the Economic Costs of Alcohol and Drug Abuse.

http://www.drugabuse.gov/drugs-abuse/emerging-trends

http://www.zerohedge.com/news/2013-11-1 ... d-so-badly

I am glad I am not affiliated with a political party

[aedens]

http://www.coyoteblog.com/coyote_blog/2 ... oggle.html

The Washington Post has a very good article on failures of Obamacare exchange implementation. The Left is finding the article to be convincing evidence that the failures were all ... wait for it .. the Republican's fault. http://www.coyoteblog.com/coyote_blog/2 ... verup.html

"Instead of a scalpel, United is using a chain saw," said Michael Saffir, a rehabilitation specialist and president of the Connecticut State Medical Society, which estimates the insurer has cut 2,200 doctors across the state.

http://gdxforum.com/forum/viewtopic.php ... apse#p4119 Still agree

The line of the week was "well we have web site issue only".

PROBLEM - REACTION - SOLUTION , This is no accident and I have no reason to adjust the spring discussions from the earlier contextual observations.
I refuse to chase. As we note raising cash has not changed. Being very select on swing trades.

https://www.youtube.com/watch?v=HWuIu9N3vB4

[Reality Check]

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Obamacare Media Story Shifts - Nothing else Matters
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The media story is no longer about any of the following:

• 1. Will people lose their insurance under Obamacare ? Does not matter.
  
  2. Will people lose their doctor under Obamacare ? Does not matter.
  
  3. Will the website fully work on November 30th? Does not matter.
  
  4. Will cancer patients lose their hospitals, doctors and lives due to "the transition to Obamacare"? Does not matter.
  
  5. Will Obamacare insurance be cheaper than the policies being replaced? Does not matter.
  
  6. Will average Obamacare policy sold provide more health care benefits than the average policy people are being forced to replace? Does not matter.
  
  7. Will fewer people have insurance on January 1st, 2014 than before Obamacare was passed? Does not matter.
  
  8. Will people die all over the United States because they lost access to health care due to Obamacare? Does not matter.

None of the above matter. The effect of Obamacare on individual citizens no longer matters. People are no longer important.

Success of Obamacare will now be measured by a new standard.

Even Fox News has bought into this new narrative of success for President Obama:

http://www.foxnews.com/politics/2013/11 ... -be-saved/