Saturday, April 14, 2012

Are We Facing The Biggest Bubble Since Housing?

April 14, 2012

We had the “dot com” bubble and then we had the housing bubble. You‘d think we’d learn our lesson, right? Apparently not.

Due to constantly rising healthcare costs, Citigroup economist Steven Wieting says the healthcare industry will be the cause of the next big bubble. And as if his analysis wasn’t scary enough, he also suggests it will be bigger than anything we’ve seen before.

“It’s not a single asset price that’s about to pop (like housing) and it doesn’t have a cyclical component,” he explains during a live interview on CNBC’s Fast Money.

“It’s a fundamental bubble that will have a large impact on the economy,” he added.

Watch Wieting explain the possible new bubble (via CNBC):

Wieting went on to explain that healthcare costs are growing at a pace too fast to support.

“Ultimately there will be a price to pay” he says.

Because companies and governments already try to support the rising cost of healthcare, Wieting predicts these costs will cut into budgets.

“We’ll either have to raise taxes or increase budget deficits in order to finance it. And it will crowd out other things. Already we’re starting to see it impact education and infrastructure spending,” he said.

Co-host Jon Najarian added to Wieting’s prediction by saying that it might get to the point where people will be forced to decide which healthcare products they can do without.

“This kind of thesis doesn’t bode well for medical device makers such as Intuitive Surgical the maker of daVinci. And it’s probably negative for implant makers like Stryker,” he said.

Impeach Obama: No Surrender of American Military to U.N

April 14, 2012
News with Attitude

By Eliana Benador
Right Side News

"You can always count on Americans to do the right thing – after they’ve tried everything else.” Sir Winston Churchill

America is taking time to wake up. But, the effervescence of the nation cannot be allowed to vanish when the enemy brings nothing that can contribute to make this a better world -nothing except aberrations such as beheading, stoning, mutilation, honor killing, terrorism against innocent civilians, and so much dreadfully more.

When such a low-life enemy wants to quietly enter our country, our cities, our towns and our homes, it means the time has come to make a choice.
And, therefore, one has to accept that there is no worse enemy than the one within, the one among us. That’s the one who, without wasting any minute, needs to be zapped, Read More

Dueling Economic Banjos Offer No Deliverance

April 14, 2012
By Brandon Smith

Americans have been listening to the mainstream financial media’s song and dance for around four years now. Every year, the song tells a comforting tale of good ol’ fashioned down home economic recovery with biscuits and gravy. And, every year, more people are left to wonder where this fantastic smorgasbord turnaround is taking place? Two blocks down? The next city over? Or perhaps only the neighborhoods surrounding the offices of CNN, MSNBC, and FOX? Certainly, it’s not spreading like wildfire in our own neck of the woods…

Many in the general public are at the very least asking “where is the root of the recovery?” However, what they should really be asking is “where is the trigger for collapse?” Since 2007/2008, I and many other independent economic analysts have outlined numerous possible fiscal weaknesses and warning signs that could bring disaster if allowed to fully develop. What we find to our dismay here in 2012, however, is not one or two of these triggers coming to fruition, but nearly EVERY SINGLE conceivable Achilles’ heel within the foundation of our system raw and ready to snap at a moment’s notice. We are trapped on a river rapid leading to multiple economic disasters, and the only thing left for any sincere analyst to do is to carefully anticipate where the first hits will come from. Read More