Two weeks ago we reported that after its November warning that it may exit certain Obamacare markets as a result of substantial losses, the largest U.S. health insurer UnitedHealth, did just that when it announced it would no longer sell plans for next year in Georgia and Arkansas.
Via AntoniusAquinas.com,
The Oppressed U.S. Taxpayer
This year, Americans’ day of tribute to their federal overlords falls on April 18. As calculated by the Tax Foundation, the average American will work from January 1 to April 24 (Tax Freedom Day) to pay his share of taxes to all levels of government with some $3.3 trillion to be forked over to the federal government and $1.6 trillion to state and local jurisdictions.
Despite the remarkable recovery in crude oil prices today, traders were not buying the bounce-back in one crucial market. Bets on the future devaluation of the Saudi Riyal surged by the most in 3 weeks today.
The 45 pips drop in 12-month forward USDSAR rates is the 2nd biggest jump in 2 months...
This weekend's biggest, and most shocking story, was the report that in response to a proposed Congressional Bill that would allow a probe into the Saudi role behind the Sept 11 terrorist attack, Saudi Arabia had threatened the US with dumping its roughly $750 billion in Treasury holdings.
Via MauldinEconomics.com,
You often hear me harping on the dangers of too much debt, and I keep my eyes peeled for significant work that backs up my concerns.
In my recent Outside the Box, good friend Dr. Lacy Hunt of Hoisington Investment Management gave us more ammunition to take on those who just don’t seem to get that the endless piling up of debt is not a sustainable way to run an economy.