Kunstler.com/clusterfuck-nation/welcome-to-world-war-three/

If they would stick their heads together, they could hammer out a single payer plan for less than what this competition in incompetence costs. Senate version kunstler.com/clusterfuck-nation/welcome-to-world-war-three/ the controversial healthcare reform bill that passed the House in May. Regretfully, it is now apparent that the effort to repeal and immediately replace the failure of Obamacare will not be successful. Senate would vote on repealing the Affordable Care Act with a two-year-delay.

Obamacare without a replacement would result in 32 million people losing insurance by 2026, including 19 million who would lose Medicaid coverage. Premiums would nearly double over a decade. Companies refusing to invest in themselves. Why do anything useful if you can simply borrow your share price higher? While significant cash remains on the sidelines, investors have begun to put more of their assets to work.

In fact, according to a chart from Credit Suisse, Fink may be more correct than he even knows. Why this rush by companies to buyback their own stock, and in the process artificially boost their Eearning per Share? Stock buybacks enrich the bosses even when business sags. 2 trillion into capital markets in 2017 alone, finally stop doing so before passing judgment.

Real estate across the globe is on the edge of a cliff. Entire economies will follow it down. The reality of it smacks them in the face, however, when they start reconciling their monthly budget. Here is a statement I have not heard discussed by the media. With this in mind let’s review how home buyers are affected. However, this is not just a solitary effect. Home prices will have to come down enormously to cover this issue.

College tuition hikes and the resulting increase in student debt burdens in recent years have caused a significant drop in homeownership among young Americans, according to new research by the Federal Reserve Bank of New York. 4 trillion—on the decline in homeownership among Americans ages 28 to 30. American homeownership from 2007 to 2015 is due to higher student debt loads, the researchers estimate. There’s a good chance the number of millennials kept from buying homes because of their student loans has only grown since the period the economists studied. The consequences could reverberate for decades as more young Americans are locked out of purchasing property, the primary way that U. Who gets stuck with the empty bag here? Shouldn’t try to pay them off at all.