Relevant and even prescient commentary on news, politics and the economy.

Healthcare and….

Via Naked Capitalism and Lambert Strether:

And now abideth faith, hope, charity, these three; but the greatest of these is charity. –Corinthians 13:13

I posted this letter in Links, but I found I could expand on it. Spectrum Health Care’s letter to Hedda Martin speaks for itself, and for what our health care system has become under neoliberalism:


View image on Twitter

Dan Radzikowski@DanRadzikowski

(The provenance: I started with AOC, who hat-tipped @DanRiffle, who linked to the original poster, @DanRadzikowski, quoted above. From Radzikowski’s thread, Hedda Martin: “This is me”; Martin’s GoFundMe, which was successful.) In this post, I’ll focus on two things: the intriguing backstory of Spectrum Health, the institution that denied Martin care until she could raise $10,000; and the weaknesses of GoFundMe as a solution. Before I get to the main part of the post, however, I’ll point out that Hedda Martin’s example is not exception…

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I disagree with Jennifer Rubin

(Dan here…lifted from Robert’s Stochastic Thoughts)

by Robert Waldmann

I disagree with Jennifer Rubin

Conservatives object to the Washington Post defining never-ever-ever Trumper Jennifer Rubin as a conservative. Reflecting, I had to admit that I hadn’t disagreed with anything she wrote for months. Now, finally, I do. But, sadly, this isn’t evidence that she is still a conservative. She has clearly become a radical centrist third way mugwump (RC3WM).She argues that the 2018 blue wave shows that Democrats should reject Bernie Sanders and rely on a poll conducted by “The Third Way”.

I think this is nonsense consisting entirely of setting up an oxymoronic straw man and pretending that values shared by conservatives, liberals, centrists, progressives, socialists, and fascists belong to conservatives.

Her column.

My comment

I don’t see any evidence that people rejected Sen Sanders’s policy proposals, which are actually fairly moderate. It is very easy to get issue poll results one wishes by choosing the questions. Notably, the ACA is only moderately popular (50% approval) while Medicare for all has 70% approval (recently including Donald Trump).

On entitlements the moderate centrist approach is to achieve trust fund solvency with balanced tax increases and benefit cuts. The vast majority of the public wants more generous pensions, expanded medicaid and an increased Medicare budget.

 

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Weekly Indicators for November 12 – 16 at Seeking Alpha

by New Deal democrat

Weekly Indicators for November 12 – 16 at Seeking Alpha

My Weekly Indicators piece is up at Seeking Alpha.

If my reference frames are well- constructed, economic trends ought to start out in the long leading forecast, then start to show up in the short leading forecast, and finally make it through to the coincident nowcast.

Almost 6 months ago, the long leading forecast changed from positive to neutral for the first time.  It’s been flirting with further deterioration ever since.  Well, this week ….

As usual, clicking through and reading is a way to help support my putting in the effort to describe and forecast the economy for you.

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Credit remains loose, but big borrowers aren’t interested; real consumer spending may be stalling

by New Deal democrat

Credit remains loose, but big borrowers aren’t interested; real consumer spending may be stalling

We interrupt this coverage of the ongoing Trump Boom (c) to advise you that two more long leading indicators, while still positive, are showing at least some weaknesses.  This story is up at Seeking Alpha.

As usual, reading the story over there is both informative for you and a little $$$ revwarding for me.

Also, as an aside, once corporate profits for Q3 are reported in two weeks as part of the revised GDP report, that will be a good time to do a comprehensive update of the long leading forrecast through 2019.

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Weekly Indicators for November 5 – 9 at Seeking Alpha

by New Deal democrat

Weekly Indicators for November 5 – 9 at Seeking Alpha

My Weekly Indicators post is up at Seeking Alpha.

Interest rattes rose even further this past week, portend further erosion in the housing market.

As usual, not only does reading this post give you of the up-to-the-moment view of the economy, but it also put a little extra $$$ in my pocket.

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