Half of Americans canât afford their house http://www.marketwatch.com/story/ov...h-home-affordability-2014-06-03?siteid=yhoof2 just got our health insurance numbers at wife's work(that company was considered as an excellent company with great benefits)- policy for 3 people-12K a year. yep, you got that right. 12 f***thousands dollars for a medical insurance alone. and it was fairly shitty insurance. with copays,referrals etc.now-median income in US is probably 60K or so-subtract taxes and such health insurance. add property taxes. and what's really left for an average family?
Yes, health insurance will spiral out of control in the next several years. Most companies now have a "reason" to drop health insurance and force everyone onto the exchanges. There will be subsidies for some, but even those that get some subsidies aka welfare, there they will come out far worse, with crappier insurance and more out of pocket expenses. A lot of that is due to Obamacare. Over the next couple of years, we'll see how much it costs to pay for all the extra people covered by Obamacare.
i think obamacare is a farce, an illusion where "everyone is insured". i don;t know what they were buying at those exchanges(cause we aren't even allowed to get thru front page. one of the family members have insurance at work?-automatic denial for all of us. what i do expect that the policies at those exchanges will be either with huge premiums and shitty coverage OR looks cheap,but with huge deductibles and not really an insurance. just an illusion of it. where for example-it cost you $15 a months,great! but first 10K expenses is on you. end of story. and eventually one will end up in same s***.
Now , right before ECB meets to fix low inflation, does the media credit falling european sovereign debt yeilds to an ailing European economy and low inflation. A few weeks ago it was equity risk appetite, risk complaceny and easy monetary policy forcing people to European stocks. Same story line in the US. So , are there several different narratives , each one correct? And yeah, no , i dont beleive there are select few who can discount the future accurately . Probably price trend followers who claim to do such when their actions ae correct.
%%%%%%%%%%% Well its better than the alternative, probably.LOL Since the FED does disclose it does not include food+ fuel; Janet + Ben [Fed head] probably bought or home grow thier tomatoes from the country, price is cheaper /less inflation
Yes indeed. Emerging markets continue to want to manufacture stuff inexpensively. They are deathly afraid of letting their currencies rise for fear of losing some of their export market share. As long as they continue to finance our consumption, I'm not sure there will be much inflation at all. So far, I see no end in sight for a change in what EM's want to do relative to current account imbalances.