Category Archives: Financial News

Methinks It’s Time for a Market Correction

I’m one of those people who gets nervous when the market hits new highs amidst what looks like a deteriorating economy for the middle class…but I’ll try not to be a Debbie Downer so, “Happy New Record for the Dow Day!”

Dow Power! Iconic stock gauge tops 17,000 for 1st time | Americas Markets.

NASDAQ:WFM: 38.27 -9.68 (-20.19%) – Whole Foods Market, Inc.

Feeling bad for anyone who went long on Whole Foods recently…quite a pullback today.

 

NASDAQ:WFM: 38.27 -9.68 (-20.19%) – Whole Foods Market, Inc..

A mortgage is a terrible investment – The Week

Herding the incomes of the young into deteriorating assets like housing is a dangerous misallocation of capital and investment. Investing heavily in housing means those incomes are not being invested in productive opportunities in other sectors of the economy, whether that is investment in the stocks of other companies, or individuals starting their own businesses.

via A mortgage is a terrible investment – The Week.

Despite expanded coverage, hospitals may see more bad debt – Nashville Business Journal

I definitely don’t want to harsh on anyone’s mellow about Obamacare, but this is the part that worries me:  the bad debt that hospitals are going to take on.  This issue is going to have to be reconciled somehow.

Despite expanded coverage, hospitals may see more bad debt – Nashville Business Journal.

The Perils of Out-of-Pocket Health Costs – WSJ.com

The good news:  once Obamacare kicks in, out of pocket health costs will be capped at about 6 K for individuals and 12 K for families.  The bad news:  you could still end up in bankrupcty if you don’t have that kind of money.  But I believe most hospitals and health care providers can put you on an extended payment plan.

The Perils of Out-of-Pocket Health Costs – WSJ.com.

The Insane World of Health Care Pricing

The money-shot quote from this article:

Francois de Brantes, executive director at the Health Care Incentives Improvement Institute, said high-deductible plans are exerting a Trojan horse effect, “awakening the general public and individual plan members to the absolutely insane way in which health care prices are being set today and in which health care services are being paid for today.”

via The Pulse on Health Care Pricing | 2013-09-15 | Workforce.com.

Virginia universities cut staff hours due to Obama health law – World Socialist Web Site

Ahhh, the unintended consequences of change…

Virginia universities cut staff hours due to Obama health law – World Socialist Web Site.

More High-Deductible Plan Members Can’t Pay Hospital Bills – Capsules – The KHN Blog

Shocking news:  providers and hospitals suffer when everyone has high deductible health plans and little cash on hand to pay the bills.

More High-Deductible Plan Members Can’t Pay Hospital Bills – Capsules – The KHN Blog.

ODI: Health insurance premiums to increase 41 percent | wkyc.com

Then again, maybe not.

ODI: Health insurance premiums to increase 41 percent | wkyc.com.

Rhode Islands Scary State Treasurer – Forbes

Just what kind of fees are we paying in Rhode Island under the current treasurer’s “alternative” investments?

Rhode Islands Scary State Treasurer – Forbes.

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