Everyone is interested in an article on doctor scams

Kevin Drum has a take on the NYT column:

I finished reading Elisabeth Rosenthal’s An American Sickness a few days ago, so the depradations of the American health care system are even fresher on my mind than usual right now. Unsurprisingly, one of the things she talks about is the surge in hospitals surreptitiously employing doctors who are out-of-network and therefore not covered by a patient’s insurance. The result is gigantic bills for people who thought—quite reasonably—that if they went to an in-network hospital they had nothing to worry about.It turns out this scam is especially common in emergency rooms, precisely the place where patients are least likely to be thinking clearly

So, excuse me but Obama skipped the part about cost control. He skipped it under the bet that Hillary would win.  Thus, in front of us all, Obama and the Dems did a deliberate scam ton put the stress of Obamacare into the next regime.  This is exactly why recessions fall on regime boundaries.

Chinese dollar debt

The outstanding amount of dollar bonds issued by Chinese entities has grown almost 20 times since the 2008-09 global financial crisis to just over half a trillion dollars, according to data from the Bank for International Settlements. Since September 2015, it has grown almost 50 percent.
China's dollar bonds are now almost a third of the emerging market total dollar issuance, up from a quarter in September 2015 and less than 5 percent before the Fed first began printing money in December 2008.
A fifth of China's dollar bonds mature within a year, according to BIS data. More than half are due in the next five, Thomson Reuters data show.
If U.S. borrowing costs start rising as a result of the Fed's exit from its unconventional monetary policy, that debt would have to be rolled over at higher costs, chipping away at the real economy in China.

Rates lower in the US than China.

Note the debts are time payments.  The firms should be dumping their  term debts today at first hint.  Instead they will wait until the last moment and jam the debt machine. I call that time  plotting.

I like Putin

A new complaint filed with the Treasury's Office of Foreign Asset Control alleges that California Rep. Dana Rohrabacher and his staff director, Paul Behrends, violated the Magnitsky Act when they tried to get Russia's deputy general prosecutor, Victor Grin, removed from the US sanctions list last year.

Sure, he litters the place with dead bodies, but he is in the Middle East protecting me, not arming my enemies. 

Productivity growth sucks

lil Bush drove productivity down. We had a brief surge after the crash, but  Obamacare drove it back down.

It is not coming back up until we get regime change. That means recession soon. With zero productivity growth and zero population growth, where will congress get the extra $200 billion in interest charges?

Ron Paul trashes dumbass Congress

Congress Loves to Slap Sanctions on Foreign Regimes — But Do They Ever Work?

Waiting for Godot 

Markets on Tenterhooks for Fed Policy Decision, But Many Households Aren’t Paying Much Attention

No longer waiting for Godot

Japanese exchanges have resumed bitcoin deposits and withdrawals after suspending them on July 23. 

Bit coin wins everytime, rabbit vs turtle.

Obamacare id icky poo says Trumpster

Trump is not an Obamacare fan, says healthcare is in collapse.

One day before the Senate votes whether to begin debate on repealing the Affordable Care Act, President Trump called the 2010 law "death" and a "nightmare" that has wreaked havoc on the lives of Americans.

Speaking from the Blue Room in the White House Monday, Trump argued that Republicans who fail to support the motion to proceed on repealing the health care law will be supporting the existing law in essence.

"The question for every Senator, Democrat or Republican, is whether they will side with Obamacare's architects, which have been so destructive to our country, or with its forgotten victims," he said. "Any Senator who votes against starting debate is telling America that you are fine with the Obamacare nightmare."

Republicans want deficit fueled spending

WASHINGTON (Reuters) - Conservative Republicans in the U.S. House of Representatives are seeking to add an amendment this week to spending legislation that would slash the number of staff at the nonpartisan Congressional Budget Office.

The budget research office, known as the CBO, has drawn recent Republican criticism, including from the White House, after it concluded that Republican proposals to replace Obamacare would lead to 23 million more Americans being uninsured if they became law.

This is about Repubs spending the do-re-me on their favorite goodies and the interest charges be damned.  When you hear the term 'conservative Republican', just translate into 'welfare bum'.

Firms want the financial market monopoly licenses

Some of the largest companies in the US are speaking out against a proposal by Bats, the stock exchange recently acquired by the Chicago Board Options Exchange, to shake up end-of-day trading. FedEx, P&G, and Cardinal Health are among the NYSE-listed firms that have sent letters to the Securities and Exchange Commission opposing Bats Market Close. The new offering would allow NYSE and Nasdaq-listed securities to be matched on Bats at the end of the trading day. The proposal is a direct attack against the New York Stock Exchange and Nasdaq model, and it comes at a time when more and more trading is conducted at the end of the day. According to Bats, closing auction fees have increased by 16% to 60% at the NYSE and Nasdaq, and the exchange operator hopes that Bats Market Close will increase competition. 

In the central banking system government regulations require monopoly exchanges to clear closing prices.  Government gets a value added chain to distribute debt which requires that free entry and exit are closed.  Thus, government guarantees currency value.

Kanosians will tells us that we have to have insurance for wealthy people, as they pass the costs back onto us, without our knowledge.  That is why the wealthy get wealthier, little brown people believe Kanosians, a very bad bet.

Goldman on bitcoin

"Bitcoin could make a marginal new low –to ~1,786—but again, not much further than there. Anything above 3,000 (Jun. 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691."

A technical analysis on market dynamics.  No cause and effect.

The cause is the promise of central bank non equilibriating moves, each one of which advances the utility of bitcoin as a central bank neutral currency.   Beyond that, bitcoin is stuck waiting for branded side chains.