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Q4 GDP Revised Down To 2.2% From 5.0%: Full Breakdown

zerohedge.com / by Tyler Durden / 02/27/2015 08:46 -0500

There was much hope that when Q3 GDP soared to 5%, primarily on the back of Obamacare spending recalendarization and a massive consumption/personal saving data revision, that the US economy would finally enter lift-off mode. Those hopes were reduced by about 60% when moments ago the […]

Reforming the Fed: Who’s Right; Who’s Wrong?

wallstreetonparade.com / By Pam Martens and Russ Martens: February 26, 2015

Congressman Jeb Hensarling, Chair of the House Financial Services Committee

The Republicans are making good on their campaign pledge to turn up the heat on the Federal Reserve. Sparks flew in the House Financial Services Committee hearing room yesterday as Fed Chair Janet […]

U.S. Healthcare and the Tragedy of the Commons

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, FEBRUARY 25, 2015

When the system is set up to encourage maximizing self-interest, accountability for the whole is lost.

The lessons drawn from the U.S. healthcare system’s failures can be fruitfully applied to a variety of large-scale problems around the world. Let’s start with an insightful look at […]

Obamacare Mega-Oops: Nearly One Million Incorrect Tax Forms Sent Out

thedailysheeple.com / Lily Dane / February 23rd, 2015

Sometimes one can’t help but wonder if this whole Obamacare fiasco is ever going to end. It’s like a recurring bad dream…an infinite nightmare that keeps returning, with new plot twists and horrible surprises every evening.

The latest blunder (to put it mildly) involves tax forms.

[…]

Proof of the “Job-Sharing” Economy

schiffgold.com / BY MIKE FINGER / February 19, 2015

In his new Gold Videocast, Peter Schiff explained how Obamacare has created a “job-sharing” economy that is skewing the government’s employment data. As he put it:

Obamacare forces employers to provide insurance for full-time employees. As a result, employers are hiring more part-time workers than […]

Whah Whah Whah — Obamacare Rammeth You

market-ticker.org / by Karl Denninger / February 17, 2015

As they say, elections have consequences, and so do the lies told by both the Democraps and Rethuglicans.

Janice Riddle got a nasty surprise when she filled out her tax return this year.

The Los Angeles resident had applied for Obamacare in late 2013, when […]

Head-Banging Revisited; Obama’s ‘Have-It-All’ Budget; Mish Proposal

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, February 05, 2015 8:14 PM

Dead on Arrival

On Sunday, in More Obama Dead-on-Arrival Tax Proposals, a post regarding Obama’s proposed corporate tax hikes, I asked a simple question …

Is there a point to beating your head against a concrete wall? The answer would seem to […]

US Trade Deficit Soars In December As Strong Dollar Hurts Exports, Downward Q4 GDP Revisions Imminent

zerohedge.com / by Tyler Durden / 02/05/2015 08:51

And so after that epic 5.0% Q3 GDP print, driven largely by Obamacare, the payback begins, and the annualized Q4 GDP print, which came in at nearly half the previous quarter run rate, or 2.6%, is about to tumble by another ~0.5% following the just released […]

Obamacare House Passes Repeal – Supreme Court Could Overrule it by June

armstrongeconomics.com / by Martin Armstrong / February 4, 2015

While the Democrats are ranting that 8 million people will be thrown off of healthcare with the repeal of Obamacare as the House voted 239-186 to repeal this nightmare, it would have been far cheaper to just add those people to medicare than change everyone in […]

Obama Prefers to Talk About Health Care Than the Rise of The Islamic State

thedailysheeple.com / Chris Carrington / February 4th, 2015

When Barack Obama was asked how he felt about the horrific death of the young Jordanian pilot, Moaz al-Kassabeh, his face remained impassive. Once again, he referred to the Islamic State as ‘this organization”, missing yet another opportunity to refer to them as the terrorists they […]

Greece FinMin: “No U-Turn” In Our Position; “Write-Off Can Occur In Several Methods” Spokesman Adds

zerohedge.com / by Tyler Durden / 02/03/2015 06:39 -0500

Yesterday, when we reported on the FT’s take of the supposed Greek flip-flop, we said that contrary to the official interpretation of Greece ending its demands for a hard debt write-down and replacing it with a proposal for a debt exchange, we stated that “the Greeks […]

The Future of Medicine? Forget Private Doctor Appointments, Group Medical Visits are Coming

libertyblitzkrieg.com / Michael Krieger / Jan 30, 2015

According to the American Academy of Family Physicians, around 10 percent of family doctors already offer shared medical appointments, sessions that bring together a dozen or more patients with similar medical conditions to meet with a doctor for 90 minutes. With pressure from the government and insurers […]

Q4 Annualized GDP Misses, Tumbles To 2.6% From 5.0%; Surging Personal Consumption Pulled Forward From 2015

zerohedge.com / by Tyler Durden / 01/30/2015 08:44

Following last quarter’s upward revised 5.0% GDP, driven higher mostly as a result of even more mandatory Obamacare taxation, Q4 GDP had nowhere else to go but down, the only question was how much. Wall Street estimated 3.0%. Moments ago we got the first estimate for […]

Thanks Obamacare: This Is What Americans Spent The Most Money On In Q4

zerohedge.com / by Tyler Durden / 01/30/2015 – 09:37

If readers need clarification on what was the primary source of spending-based “growth” for the US economy in the fourth quarter, the same source that bumped up final Q3 GDP from 3.9% to 5.0%,please ping us: we will gladly explain the chart below. And just […]

STILL IN CONTROL? GREECE SAYS NO

blog.milesfranklin.com / by Bill Holter / January 29th, 2015

Can the dollar and gold continue to rise in tandem for long? The last three months have seen a very peculiar dollar/gold anomaly. Since mid November, gold (and silver) have “acted” very differently. We have seen “outside days” and even an outside week. Gold has moved […]

Oh, But They Were Successful

market-ticker.org / by Karl Denninger / 2015-01-19

Stop lying. Not only was Obama successful in scamming the American people, so have been the Republicans.

In a statement Rep. Issa declared, “She (Tavenner) presided over HHS as it deceptively padded the Obamacare enrollment numbers. It was a deplorable example of an agency trying to scam […]

Avoid the Next Global Financial Crisis by Investing in Gold

news.goldseek.com / Jeff D. Opdyke / 8 January 2015

The state of the world today requires one commitment from you — a commitment to gold.

When you look around the world, there is a hurricane of crosscurrents blowing across the investment landscape — the stock and bond markets, developed and emerging economies, monetary policies taking […]

Bad News Sparky: All Savings due to Cheap Gas Eaten up by Obamacare Insurance Increases

johngaltfla.com / by John Galt / January 6, 2015

As the American media regales in the rapid decline in oil prices and parallel drop in regular unleaded gasoline prices, the miniscule amount of savings for the average family on a weekly basis was already spent thanks to six years of Euro-socialism culminating with the […]

Service ISM Tumbles To Lowest Since June, Biggest Miss Since 2013, Prices Crash To 2009 Level

zerohedge.com / by Tyler Durden / 01/06/2015 10:18

Following a disastrous Manufacturing ISM report last week, today it was the turn for its Service cousin to report. And while it wasn’t quite the abysmal faceplant that some had expected the seasonally adjusted number to be, printing at 56.2, down from 59.3 and far below […]

Harvard Professors in “Uproar” After Learning Obamacare Applies to Them!

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, January 06, 2015 2:22 AM

In what has to be the funniest as well as most ironic post to date on Obamacare, the New York Times reports Harvard Ideas on Health Care Hit Home, Hard.

For years, Harvard’s experts on health economics and policy have advised presidents […]