Mike "Mish" Shedlock US healthcare system needs a fundamental revamp ...

If no one will deposit gold with Russia, India, et. al., then they are not moving towards a 'gold standard' no matter how many rubles or rupees they borrow to buy gold.

A gold standard is characterized by gold deposits, not gold purchases.

Hospitals Turn to Pay In Advance, In Full

If you are in the hospital emergency room, and that’s where most people without insurance go, then you get treated. Otherwise, many hospitals are turning to pay in advance for services.

mishtalk.com/economics/hosp…

The Prosecution Targeted Trump, Now They Search for a Crime

Generally, there’s a crime and the prosecution makes a case. With Trump, the order is reversed. New York prosecutors picked their man, now they search for a crime, after a trial has started.

mishtalk.com/politics/the-p…

Trump Completely Obliterates Prosecution With Timely Use Of Reverse Card buff.ly/3wg3Nmc

Mike "Mish" Shedlock Rob McNealy Keith Weiner I’d say 70° and sunny😂

What is the Optimal Temperature for Global GDP Growth?

Phil Flynn Rob McNealy Keith Weiner

A group of climate alarmists have concluded that global GDP will be 23 percent lower on the current path.

mishtalk.com/economics/what…

themindhaus.com Mike "Mish" Shedlock Mark Mish is correct

Where Are 10-Year US Treasury Yields Headed?

Jim Bianco at Bianco Research thinks there is one more push higher in long-term yields. Then if sentiment is extreme, he will go long.

h/t Jim Bianco 👇

mishtalk.com/economics/wher…

Mike "Mish" Shedlock Squawk Box Rudy Havenstein, Senior Markets Commentator. Richard Field Michael Kao Keith Weiner Great thoughts Mike. It’s housing/rent relative to wages that will make locked out sour. Only way out I believe is liberalizing land use/zoning.

Mike "Mish" Shedlock Squawk Box Rudy Havenstein, Senior Markets Commentator. Richard Field Michael Kao Their guidance may be chicken bones, but their central planning rubric is sheep entrails.

E.g. hike the cost of financing production to push down consumer prices.

Mike "Mish" Shedlock Squawk Box Rudy Havenstein, Senior Markets Commentator. Richard Field Keith Weiner 1000% yes.

I was so flabbergasted and flummoxed by the December Rhetorical Pivot that I figured there must have been an ulterior motive.

cowboystatedaily.com/2024/05/07/cus…

Forward Guidance: The Fed Sounds Like a Wizard Reading Chicken Bones

h/t Squawk Box Rudy Havenstein, Senior Markets Commentator.
Richard Field Michael Kao Keith Weiner

Stanley Druckenmiller says the Fed should get rid of forward guidance and just do their job. Anyone disagree?

mishtalk.com/economics/forw…

Michael Green Mike "Mish" Shedlock It’s even deeper than what Mish is saying. A surprising number of people, mostly Gen X age, not only refi’d their existing home in 2021, but they then bought a new home at the bottom in rates, and kept the old one as a rental. I had dozen of lunches bought for me by these…

The Blame Game in Gaza With Innocent Civilians Held Hostage

A twisted setup in Gaza allows both Israel and Hamas to play the blame game for Israel’s attack on Rafah. 👇

mishtalk.com/economics/the-…

Biden Reiterates Clear Position, Israel Attack on Rafah Begins Anyway

Hamas accepted a deal, but it was not a deal that Israel would take. Also see a chilling video conversation that I want you to play (bottom Tweet), and explain how it makes any sense.

mishtalk.com/economics/bide…

Hat tip to @mishgea for consistently excellent economics writing. Check out his blog at MishTalk.