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    Daily Digest 2/20 – The Crumbling Chinese Market, Americans Buying Insulin In Mexico

    by saxplayer00o1

    Wednesday, February 20, 2019, 6:58 AM

Economy

Americans’ ‘right to shop’ takes them into Mexico to buy insulin at 1/3 the cost

The list price of the modern generation of insulin has skyrocketed since his diagnosis. On one trip to the pharmacy last year, Fenner was told that a three-month supply of insulin would cost her $3,700.

That same supply would cost only about $600 in Mexico.

Second Illinois policy group pushes to tax retirement, AARP pushes back

“Illinois has the highest property taxes in the nation, the sales tax in many communities is nearing 10 percent,” said Ryan Gruenenfelder, director of advocacy and outreach for AARP Illinois. “We have notified our members and many of them are responding, saying ‘if this happens, I am going to leave the state of Illinois.”

Governor creates task force to study pension issues (New Mexico)

The Public Employees Retirement Association, which covers roughly 50,000 active workers and 40,000 retirees, had an unfunded liability of $6 billion as of the end of the 2018 budget year. That figure represents the difference between assets and future benefits owed.

Italy starts talks with EU over bank bad loan scheme renewal: source

Rising risk premiums on Italian assets have made the “GACS” scheme more costly, but renewal remains important for the country’s banks which still hold 100 billion euros ($113 billion) in bad debts, a legacy of the financial crisis of 2007-2009 which had a major negative impact on Italy’s economy.

Federal student loan payments could soon be automatically taken from your paycheck

If you have federal student debt, a new proposal headed through the Senate could mean 10 percent of your discretionary income is automatically withdrawn every month…………Right now, nearly 40 million Americans owe a collective $1.5 trillion. And, experts say that number is expected to grow to $2 trillion by 2022 if we continue down the same path.

The Risk of Fallen Angels in Asia’s Bond Market Is Rising

As worsening global macro-economic conditions put firms under pressure, concerns over so-called fallen angels, or investment-grade companies that are cut to junk, are mounting in Asia and globally. Man Group Plc, the world’s largest publicly traded hedge fund manager, warned investors in December of the “astonishing bubble” in BBB level debt.

The Crumbling Chinese Market (thc0655)

China has not shown much capacity for developing high technology on its own, but it has been quite effective at stealing such technology from trading partners and applying it through its own system of state-owned enterprises and “national champions” such as Huawei in the telecommunications sector.

Scientist says some pollution is good for you — a disputed claim Trump’s EPA has embraced (tmn)

Denouncing the Obama-era EPA as an agency beholden to environmental extremists, the administration has not only dismissed mainstream science but embraced widely discredited alternatives that critics say are not consistent with the agency’s focus on improving public and environmental health.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/19/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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