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Bernie Sanders possibly running against President Trump is starting to scare investors: strategist
Bernie Sanders possibly running against President Trump is starting to scare investors: strategist
There is a growing undercurrent in markets that say a battle this fall between self-described socialist Senator Bernie Sanders and President Donald Trump could be bad news for stock prices
First, it seems doubtful that Sanders even if he gets elected will be able to achieve most of his campaign promises with today’s Congress. Kochs et al will immediately go into high gear to take back the House and block him at every turn. So we’ll have deadlocks again. Second, every other developed nation in the world—Germany, UK, France, Canada, Sweden, Japan, Australia, etc. has some form of national health care and yet they still manage to have functioning stock markets and their own powerful rich people.
Trump will win no matter who is the Dem selection.
HC(health care) in the US is outrageous and there is no solution.
In the US MD(medical Doctor) are making 3-4 times more than abroad. In any other country, MD make a bit more than an engineer or high tech developer. US MDs claim they owe a lot ($200-250K), so what, they can pay it in 5 years but they still charge the same in the next 30 years, they employ PA(physician assistant) and pay them a quarter but still charge a full price, their malpractice is just 3-5%. MDs can accept only insurances they want while abroad they have to work under the country HMO and accept all patients. MDS abroad start to make more money when they open a private practice after they are established but there is a huge shortage abroad since they must study 2-3 time more than IT/Engineering and make about the same with a lot more pressure and working hours and why many don't want to be MDs anymore.
In the US. A friend of my kids finished her MD studies + residency and got a first real job as an ER doctor and works only 35 hours. Do you want to guess her salary? $300K. Most specialists with several years of experience are making $350K to a million. Most good Ortho and cardiologists make over $500-600K. See (link) Ortho Median compensation $643. Many of them go together and create their own company with MRI, Physical therapy and surgery departments inside hospitals and insist you use their own services. Even your family internist MD makes $200K annually (link)
Insurance companies also making lots of money by limiting their customers and denying and delaying procedures in the last 1-2 years much more than 3-4 years ago.
The pharma companies are making ridiculous money and inflate prices by stop making cheap generics, changing the same drug a bit and claiming another 15 years patents. The same pharma companies can't do it in any other country.
Hospitals and ER are charging, again, enormous fees to cover the above. Basically, the whole HC providers are vultures who take advantage of the American people and use the congress to make it happen. I have visited dozens of Europeans countries and asked many about their HC costs for retirees prior to retirement age. It's about $20-50 monthly. Americans who use Medicare and want to be 100% covered are paying at least $250-300 monthly for their HC.
I had a partial knee replacement 3 years ago, the surgery took about 2 hours, the bill was $50K(probably more expensive now), the negotiated price was $31K, then I had to do physical therapy 10 times at $150 per 40 minutes = $1500. How can you explain $32.5K when in Europe without insurance it will cost you $3-4K? wait, the Ortho Dr send you to his MRI and PA which means more money...wait, you want to know the MRI results you must see the Ortho again when many times you don't need surgery, the PA can easily call you and tell you the results for free. I had to argue about this with several MDs. If you harass a great MD he/she will just tell you to take your business to another place, after all, there is a huge demand for MDs and especially the best ones. So, just go with the flow and make your surgeon richer
In my last job I worked in IT healthcare, our company helped all healthcare providers to save(call it squeeze) more money. Our software was installed in 85+% of all US hospitals.
Most Americans don't realize that since we make more net income we must save even more than other countries because HC + higher education is extremely expensive. The burden is on us.
No modern candidate of either party will be able to do what they are pledging w/o also having the support of both houses of Congress...so this is just eveyone selling voters their "line" or "set of goods." Besides, even if Bernie might somehow win and even if the Dems retake the whole of Congress, I don't see his ideas coming to reality as currently proposed, if at all. But at this point given the circlej--k chaos of the Democratic environment @ the moment, frankly I'm girding my loins and preparing my liver to endure four more years of Tweety Amin's arrogant me-first grifting idiocracy.
Speaking of which, an interesting metric from last night:
Tweety Amin! HAHA. Right rforno, there is a long way to go. Your stats are a great indicator that we have no idea where this is heading. I am all for growing markets but no one would be happy if I was Caesar. Balanced budgets would be number one and that would mean big cuts and big taxes along with selling a few states off. As if.
We will have control of congress along with DT. Things will change in a dime. Remember last Income Tax legislation? We will see negative rates, I am piling into bond funds. Last 2 times we had Democratic President, was because of recession and Great recession. I don't see any recession happening on DT's clock.
You will soon get tired of hearing socialist and you don't want to be like Venezuela all over the air waves. They screamed socialist when they did social security, they screamed socialist when they did medicare. Not all programs to help people are bad. I would say most people LOVE social security and medicare...at least everyone I know on them does.
Oh yeah,,, add communist to the list and the stock market will crash like it's never crashed. It's already starting...LOTS of BIG BUCKS from ???? corporations, other countries, health insurance LOBBYIST (I can hear the world will end already from them) going to be spent.
Hospital A & Dr. A has to deal with 20 insurance companies and 100+ different plans. Hospital B & Dr B has to deal with medicare.
I dunno even where any of that interchange is heading. Maybe nowhere? It just doesn't read to me to be very cogent. A proofreader may be in order. Oops, sorry: I forgot that proper grammar and spelling today are like unicorns: gone. Anyhow, there are enough voters in the country who are dumb enough to fall for the "Red Scare" crap which the opponent will try to tie to Bernie's coattails. They will be fed what they want to hear, because it coincides with their false presuppositions. The US is not Venezuela or Communist China nor the old Soviet Russia. It is becoming a Banana Republic, the longer the Orange Abortion occupies the Executive Mansion.
What’s strange is the GOP’s wholesale embrace of election tampering by a hostile foreign power. What happened to patriotism and loyalty? The Nixon era GOP would have recognized this and put country first.
It's all about maintaining their power - over activity (DC gridlock unless they say otherwise) and the judiciary (rig the game in case Dems do manage to sweep back into the lawmaking majority). The country & citizens & long-held romantic American ideals come later.
What’s strange is the GOP’s wholesale embrace of election tampering by a hostile foreign power. What happened to patriotism and loyalty? The Nixon era GOP would have recognized this and put country first.
What’s strange is the GOP’s wholesale embrace of election tampering by a hostile foreign power. What happened to patriotism and loyalty? The Nixon era GOP would have recognized this and put country first.
Medical care and medical Insurance is legalized government run racketeering!!!
Gov't is the citizen's last line of defense against racketeering and predation by Big Pharma, Insurance and even the doctors--- who deliberately overcharge. But almost all of the elected leaders who are supposed to look out for OUR interests are instead taking LOTSA MONEY from those very same outfits. The Price gouging has been legalized. No one can tell me that Medicare for All wouldn't be better. I just got onto Medicare last year. I like it--- apart from the government-sanctioned rip-off regarding the Prescription Plan. I'm glad I found an alternative to the pre-cut, cookie-cutter "plan" offered by WellCare (in my case.) I don't mind paying zero co-pays or low co-pays for some of my drugs. The others, particularly the inhalers? 90DayMeds. Outa Canada.
@Simon Righteous indignation. Because so very many OTHER politicians are bought, sold and totally, utterly owned by mammon. Not to mention a very big pile of voters, for whom money is more important than anything else. They call the Orange Abortion "transactional." That's a euphemism for "not possessing any ethical code whatsoever."
Charlie Sykes: "...Well, yes. But actually, it’s more complicated than that. There’s no question [that] the Republican Party has been thoroughly Trumpified and that they’re bowing the knee to him … But the Republican establishment has gotten an awful lot of what it wants from Donald Trump, so that is at the heart of the bargain, this kind of Faustian bargain, that the Republicans have made with Donald Trump. Now, in a Faustian bargain, remember, you often get what you want. You get to appoint judges; you get regulatory reform; you get tax cuts. But then you find out that the price is way more than you were expecting." "What is the price?
The price is your soul. It’s accepting things you would have never accepted before, aligning yourself with somebody who, I think, has violated many of the most fundamental democratic norms and conservative principles that had once been taken for granted, including respect for the rule of law..." (Reference Mark 8:36.)
More Sykes: https://www.pbs.org/wgbh/frontline/interview/charlie-sykes/ Also from that interview: "..Donald Trump is neither a liberal or conservative, right-wing or left-wing. He’s a man with no fixed principles whatsoever, who has not thought long or deeply about any of these things, who basically is governed by his desire for praise and for victory."
Clearly, I was taking about Sanders. You know, the multimillionaire socialist who has got rich from other people's money. (Just like all socialists.)
Public or government ownership of various assets or services, i.e., socialism exists in every developed nation on earth as does private ownership and private profit-driven markets, i.e., capitalism. The two are not mutually exclusive but exist on a spectrum or a manner of degree, and you can have millionaires or billionaires in countries with healthcare systems Bernie and other European-style "socialists" admire--France, Sweden, Germany, UK, Japan, etc. Nor is there any evidence that a system of low taxation and little government services is optimal for capitalist markets. Before the stock market crash of 1929 and the Great Depression, the U.S.'s top marginal tax rate was a low 20% while subsequently after the New Deal passed in 1933 rates jumped as high as 60% in 1934 and peaked at about 90% in 1944. Simultaneously, GDP Growth, government, i.e, "socialist" spending and the stock market soared with a brief lapse in 1939 after conservative Republicans pushed back and insisted on reductions in New Deal government spending, which lead to another recession. World War II, which began in 1939 and the U.S. entered at the end of 1941 led to more government, i.e., socialist spending, putting your greatest generation to work building weapons, paying soldiers, etc., also stimulating GDP growth.
Moreover, in some respects to be anti-government spending is to be unpatriotic or anti-American. Do you hate our military or love it as conservatives claim? Well, the military is a government owned and operated, i.e., socialist institution. Do you hate the Social Security checks you or your relatives receive and use to pay for your Fox News cable subscription? Because those checks are from another "socialist" institution? How about public parks? Do you feel like a socialist when you walk through Yellowstone?
Yes. Other peoples money. Do you mean like when you drain the funds from charities or political donation pots to pump up your own buffoonery? That kind of other people's money? Or is that just good 'business' sense? Obviously my NDT has me so confused.
Bernie Sanders possibly running against President Trump is starting to scare investors: strategist
There is a growing undercurrent in markets that say a battle this fall between self-described socialist Senator Bernie Sanders and President Donald Trump could be bad news for stock prices
"An op-ed in The Wall Street Journal by Republican economist Michael Boskin, on March 6, 2009, carried a headline which said it all: 'Obama’s Radicalism Is Killing the Dow.' It was almost perfectly timed to the bottom of the market. The S&P 500 gained 232 percent from the time Boskin’s op-ed appeared to the day President Obama left office."
"On the day after the 2016 election, economist and Nobel laureate Paul Krugman called for economic and market disaster: 'If the question is when markets will recover, a first-pass answer is never.' Even though he has since recanted, we know what happened next, and how wrong he was."
Comments
HC(health care) in the US is outrageous and there is no solution.
In the US MD(medical Doctor) are making 3-4 times more than abroad. In any other country, MD make a bit more than an engineer or high tech developer. US MDs claim they owe a lot ($200-250K), so what, they can pay it in 5 years but they still charge the same in the next 30 years, they employ PA(physician assistant) and pay them a quarter but still charge a full price, their malpractice is just 3-5%. MDs can accept only insurances they want while abroad they have to work under the country HMO and accept all patients. MDS abroad start to make more money when they open a private practice after they are established but there is a huge shortage abroad since they must study 2-3 time more than IT/Engineering and make about the same with a lot more pressure and working hours and why many don't want to be MDs anymore.
In the US. A friend of my kids finished her MD studies + residency and got a first real job as an ER doctor and works only 35 hours. Do you want to guess her salary? $300K. Most specialists with several years of experience are making $350K to a million. Most good Ortho and cardiologists make over $500-600K. See (link) Ortho Median compensation $643. Many of them go together and create their own company with MRI, Physical therapy and surgery departments inside hospitals and insist you use their own services.
Even your family internist MD makes $200K annually (link)
Insurance companies also making lots of money by limiting their customers and denying and delaying procedures in the last 1-2 years much more than 3-4 years ago.
The pharma companies are making ridiculous money and inflate prices by stop making cheap generics, changing the same drug a bit and claiming another 15 years patents. The same pharma companies can't do it in any other country.
Hospitals and ER are charging, again, enormous fees to cover the above. Basically, the whole HC providers are vultures who take advantage of the American people and use the congress to make it happen. I have visited dozens of Europeans countries and asked many about their HC costs for retirees prior to retirement age. It's about $20-50 monthly. Americans who use Medicare and want to be 100% covered are paying at least $250-300 monthly for their HC.
I had a partial knee replacement 3 years ago, the surgery took about 2 hours, the bill was $50K(probably more expensive now), the negotiated price was $31K, then I had to do physical therapy 10 times at $150 per 40 minutes = $1500. How can you explain $32.5K when in Europe without insurance it will cost you $3-4K? wait, the Ortho Dr send you to his MRI and PA which means more money...wait, you want to know the MRI results you must see the Ortho again when many times you don't need surgery, the PA can easily call you and tell you the results for free. I had to argue about this with several MDs. If you harass a great MD he/she will just tell you to take your business to another place, after all, there is a huge demand for MDs and especially the best ones. So, just go with the flow and make your surgeon richer
In my last job I worked in IT healthcare, our company helped all healthcare providers to save(call it squeeze) more money. Our software was installed in 85+% of all US hospitals.
Most Americans don't realize that since we make more net income we must save even more than other countries because HC + higher education is extremely expensive. The burden is on us.
>> Trump will win no matter who is the Dem selection.
>> HC(health care) in the US is outrageous and there is no solution.
No modern candidate of either party will be able to do what they are pledging w/o also having the support of both houses of Congress...so this is just eveyone selling voters their "line" or "set of goods." Besides, even if Bernie might somehow win and even if the Dems retake the whole of Congress, I don't see his ideas coming to reality as currently proposed, if at all. But at this point given the circlej--k chaos of the Democratic environment @ the moment, frankly I'm girding my loins and preparing my liver to endure four more years of Tweety Amin's arrogant me-first grifting idiocracy.
Speaking of which, an interesting metric from last night:
IA Caucus
Bernie 2016--49%
Bernie 2020--26%
NH Primary
Bernie 2016--60%
Bernie 2020--26%
NV Caucus
Bernie 2016--47%
Bernie 2020--47%*
Oh yeah,,, add communist to the list and the stock market will crash like it's never crashed. It's already starting...LOTS of BIG BUCKS from ???? corporations, other countries, health insurance LOBBYIST (I can hear the world will end already from them) going to be spent.
Hospital A & Dr. A has to deal with 20 insurance companies and 100+ different plans. Hospital B & Dr B has to deal with medicare.
What costs more?
It's all about maintaining their power - over activity (DC gridlock unless they say otherwise) and the judiciary (rig the game in case Dems do manage to sweep back into the lawmaking majority). The country & citizens & long-held romantic American ideals come later.
we will see the extent of thug sliming's power over the next half-year
does not feel yet like 1968 to me only because no public murders
Was it cold in the ground this morning, Bernie?
Charlie Sykes:
"...Well, yes. But actually, it’s more complicated than that. There’s no question [that] the Republican Party has been thoroughly Trumpified and that they’re bowing the knee to him … But the Republican establishment has gotten an awful lot of what it wants from Donald Trump, so that is at the heart of the bargain, this kind of Faustian bargain, that the Republicans have made with Donald Trump. Now, in a Faustian bargain, remember, you often get what you want. You get to appoint judges; you get regulatory reform; you get tax cuts. But then you find out that the price is way more than you were expecting."
"What is the price?
The price is your soul. It’s accepting things you would have never accepted before, aligning yourself with somebody who, I think, has violated many of the most fundamental democratic norms and conservative principles that had once been taken for granted, including respect for the rule of law..." (Reference Mark 8:36.)
More Sykes: https://www.pbs.org/wgbh/frontline/interview/charlie-sykes/
Also from that interview: "..Donald Trump is neither a liberal or conservative, right-wing or left-wing. He’s a man with no fixed principles whatsoever, who has not thought long or deeply about any of these things, who basically is governed by his desire for praise and for victory."
how kind
any less of an ignorant and incompetent narcissistic psychopath.
-George Conway
Moreover, in some respects to be anti-government spending is to be unpatriotic or anti-American. Do you hate our military or love it as conservatives claim? Well, the military is a government owned and operated, i.e., socialist institution. Do you hate the Social Security checks you or your relatives receive and use to pay for your Fox News cable subscription? Because those checks are from another "socialist" institution? How about public parks? Do you feel like a socialist when you walk through Yellowstone?
"An op-ed in The Wall Street Journal by Republican economist Michael Boskin, on March 6, 2009, carried a headline which said it all: 'Obama’s Radicalism Is Killing the Dow.' It was almost perfectly timed to the bottom of the market. The S&P 500 gained 232 percent from the time Boskin’s op-ed appeared to the day President Obama left office."
"On the day after the 2016 election, economist and Nobel laureate Paul Krugman called for economic and market disaster: 'If the question is when markets will recover, a first-pass answer is never.' Even though he has since recanted, we know what happened next, and how wrong he was."
Link