US Markets, Yields in the US and Europe, and A Possible White Flag For Heathcare Reform?
Lots to discuss today with Chris Temple. The US markets are being bought back up after the drop in the second half of the day yesterday. Yields continuing to move up in the US and stabilizing in Europe after the big move yesterday. Also some rumors that Trump might wave the white flag on healthcare reform and move on to something else.
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This is a clear example that all democracies ultimately fail. The U.S. is no different.
When enough of the general public are feeding on the public teat, politicians are reluctant or unable to remove benefits and the overspending leads to a collapse of the system. A fact known to the founding fathers, having been pointed out by Alexander Tyler in the mid-1700s. Our founding fathers tried to circumvent the problem by creating a Republic as opposed to a democracy, but our incompetent politicians have modified the republic, by changing and/or ignoring the Constitution.
I wish our corrupt bureaucracy would place their country ahead of themselves and power.
I wish they would be wise enough to think of Rome; to think of Athens…..
Selfish and corrupt as they are, they might remember those of Rome that lost their lives as the Empire was failing; including Cicero.
We are clearly,it appears to me, under Trump is heading towards a single payer healthcare system. i.e. a nationalized system.
The politicians don’t care. They opt themselves out of any system.
Let me tell you, if you are sick or old, you should fight tooth and nail against such a system……..because for the sick and the old, such a system particularly works poorly.
There is always a shortage of funding for nationalized healthcare systems.
There are always built-in delays and rationing in such systems AND IT IS ALWAYS THE OLD and the MOST SICK that suffer as a consequence.
https://youtu.be/5uKIxhydUlM?t=32
epstein morning
interview with US Mint:
Salerno is right. Bob Hoye has also been wrong on this point and probably has not changed his view.
China Is About to Bury Elon Musk in Batteries
– Factories are adding enough capacity to power the equivalent of nearly 1.5 million Model S vehicles
By Joe Ryan – June 28, 2017
https://www.bloomberg.com/news/articles/2017-06-28/china-is-about-to-bury-elon-musk-in-batteries
What I want to know is where will they get their cobalt from and what will this add to the price of this commodity.
The price of cobalt is now $26.99/lb.
Agreed. I’m tracking about 30 Cobalt companies (although 3 are currently merging into 1). Normally it is a by-product of other base metals mining (mostly Copper & Silver) but unfortunately much of it comes from the conflict-ridden DRC. The Canadian, US, and Australian sources are much smaller, but there are a number I’m digging into a bit deeper.
The 3 way merger between First Cobalt, Cobalt One, and Cobaltech seems to be saying the market does not approve. Cobaltech which is still trading has been slipping in price since the announcement of the merger. FCC is still halted and if this halt goes on much longer it appears to me to be a bad omen, they should have done any due diligence before the merger and made a definite proposal. This could be good for investors because the opportunity for an alternate agreement with cobaltech will get the market focused. DT
$20-billion nuclear plant deal with bankrupt Westinghouse to be reworked
Pankaj Doval | TNN | Jun 29, 2017
Uranium industry seeks tax break
11 hrs ago (AP) —
Uranium industry representatives are in need of a tax break.
“The Casper Star-Tribune reports the Wyoming Mining Association, citing low prices and low employment, will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper.”
“The mining association is proposing a sliding scale for uranium severance taxes dictated by the spot price of uranium. If the price falls below $30, companies will not pay severance taxes. For every five- to six-dollar increase in the price above that, a 1 percent tax would be charged.”
Nuclear construction reaches 25-year high
28 June 2017 – WNN
“The nuclear industry brought more than 9 GWe of new plant on line last year, the largest annual increase in 25 years, according to a new World Nuclear Association report, putting it on track to achieve the Harmony goal of providing 25% of electricity in 2050 using 1000 GWe of new capacity. ”
http://www.world-nuclear-news.org/NN-Nuclear-construction-reaches-25-year-high-2806171.html
Uranium Prices: Spot Uranium Finally Breaks $20 Barrier
By Leia Toovey – June 28, 2017
http://www.economiccalendar.com/2017/06/28/uranium-prices-spot-uranium-finally-breaks-20-barrier/
https://youtu.be/5uKIxhydUlM?t=32stein morning
https://youtu.be/5uKIxhydUlM?t=32