Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Possible Financial Alert, Bubble in Health Care in Financial markets Announced

Posted 2 years ago on April 13, 2012, 12:30 p.m. EST by Middleaged (5140)
This content is user submitted and not an official statement

Just out today. Financial Analyst on CNBC.

Economy Now Facing the Biggest Bubble Since Housing? Published: Thursday, 12 Apr 2012 | 6:25 PM ET, By: Lee Brodie

Citigroup economist Steven Wieting says the bubble is even worse than the dot com or the housing bubbles.

Wieting says "the trouble is spiraling health care costs that are growing at a fast and furious pace, a pace that will become all but impossible to support". "Already we're starting to see it impact education and infrastructure spending."

http://www.cnbc.com/id/47033343

8 Comments

8 Comments


Read the Rules
[-] 1 points by Nevada1 (4024) 2 years ago

Hi Middleaged, Thank you for post. Best Regards

[-] 1 points by Middleaged (5140) 2 years ago

Thanks. Nice to see you again.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

I think the healthcare markets are fine!

Sincerely,

Gas Prices, Tuition prices, credit cards, food prices, and .....

.....wait for it........

Zero Interest Rate Policies!

[-] 2 points by Middleaged (5140) 2 years ago

Well, I guess you are talking about inflation. yes, gasoline (petrol), food, tuition, health care cost, all are going up.

But we do have socialized medicine for congress and the US Senate. And I hear some state government workers don't even have copay and/or premiums for health care.

The problem that always first come to mind with Obama Care is that there are not cost controls of any kind. The pharma Lobby got a waiver quickly. And then there is little cross state or interstate competion for health care. And there are no standard insurance forms for health care.

So Health Care Stocks or Preferred Stock are up looking at prices in the S&P 500 or Dow Jones. In Fact We have a Stock Market Bubble with the S&P 500 right now.

[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

Yes, stock market right now is an even bigger bubble than it was in 06 and 07. I dont think the markets will allow for another massive printing spree either when it bursts.

[-] 2 points by Middleaged (5140) 2 years ago

Yes. And wow another big day for the stock market. Manufacturing, manufacturing, We don't NEED no stinking Manufacturing!

[-] 2 points by shooz (26733) 2 years ago

You forgot failed business model, coupled with inept leadership, and vicious investor demands.

You forget a lot of stuff, don't you? .

http://wendellpotter.com/2012/03/lack-of-leadership-at-the-top-of-corporate-ladder/

[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

I wont be forgetting about he innocent people that have died the last four years because of D/R policy when I go to vote though......

[Removed]