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    Daily Digest 4/3 – 'Fear' And Health Care, Global Debt Edged Up In 2018

    by saxplayer00o1

    Wednesday, April 3, 2019, 8:45 AM

Economy

Fewer Illinoisan enroll in Obamacare as costs increase, penalties disappear

In 2017, there were 334,979 consumers in Illinois who selected an exchange plan, numbers from the federal government show. In 2018, there were 312,280, a decline of 6.77 percent.

Health-care costs for retirees climb to $285,000

A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis, released Tuesday. Broken down by gender, the estimate is $150,000 for women and $135,000 for men.

‘Fear’ and health care: Gallup survey finds Americans skipped treatment, borrowed $88B to pay for costs

Americans borrowed an estimated $88 billion to pay for health care last year and one in four people skipped care because of costs, according to a new Gallup survey funded by a nonpartisan health group.

Global debt edged up in 2018, debt ratio little changed: IIF

Debt ended the year at about $243.2 trillion from $239.9 trillion at the end of 2017, after hitting a nominal record high of $248 trillion at the end of the first quarter. The year-end figure was little changed when compared with gross domestic product globally, ending close to the 2017 figure at 317% of GDP, though “still very high by historical standards,” according to the report.

Here are three times when the Fed denied the yield curve’s recession warnings, and were wrong

The 10-year Treasury yield TMUBMUSD10Y, -0.89% fell below the three-month bill TMUBMUSD03M, +0.63% on March 22, its first such inversion since 20017. An inversion by that measure has signalled the nine last recessions since 1955.

Italy’s Recession Set to Extend to Early Months of 2019

A Bank of Italy indicator of economic activity fell in March to the weakest level since July 2013. The OECD predicted last month that the economy will shrink 0.2 percent this year, which would mark its first full-year contraction since 2013.

ECB Doesn’t Know How to Get Out of Negative Rates, AXA’s Page Says

Steven Major, global head of fixed income research at HSBC, and David Page, senior economist for U.S. and U.K. at AXA Investment Managers, discuss the damage done in Europe by negative interest rates.

Raconteur Report: Ebola Update (thc0655)

IOW, this one will escape the jungle eventually, to a metaphysical certainty, five minutes after it gets to a city with an international airport. And you won’t know until it’s well and truly out. First notice of a case may come 5-40 days after it arrives. Now imagine how many contacts there are by Day 40, unknown and untraced. This is playing Six Degrees of Bacon with the Black Death.

The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed (Adam)

The Energy Information Administration, a U.S. government body that provides statistical information and often is used as a benchmark by the oil market, listed Ghawar’s production capacity at 5.8 million barrels a day in 2017. Aramco, in a presentation in Washington in 2004 when it tried to debunk the “peak oil” supply theories of the late U.S. oil banker Matt Simmons, also said the field was pumping more than 5 million barrels a day, and had been doing so since at least the previous decade.

As Farmers Retire, They Face Hard Choices About Preserving Their Way Of Life (Don R.)

Farm operators who don’t have children willing to take over often end up selling to developers or neighbors who may be near retirement themselves. When farmers do have a son or daughter ready to take the reins, poor financial planning, family infighting or lack of communication can still leave descendants no choice but to sell the farm.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/2/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. 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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