Independent thinking for complex markets and current events
The average family health insurance premium has increased 249% since 2000. Biggest beneficiaries of this massive increase: health insurance companies. UnitedHealth (largest US insurer) is up 4,120% since 2000 vs. 340% gain for the S&P 500. $UNH pic.twitter.com/KveFDbHvXi — Charlie Bilello (@charliebilello) September 28, 2023
by confoundedinterest17 Freddie Mac’s mortgage rate is up to 7.31%, the highest level since December 2000. That means that mortgage rates are up 69% under Biden. That is in spite of $2.5 TRILLION in agency MBS being held on The Fed’s balance sheet. As the 10-year Treasury yield is up to 4.67%.
The Red Cross estimates that around 10,000 people are missing after the severe storm and devastating floods in civil war-torn Libya. The number of deaths is also high: According to authorities, more than 1,000 victims have been rescued in the massively affected city of Derna alone. “The situation is very catastrophic. There are bodies everywhere – in …
More than 2,000 people in Libya are feared dead in severe flooding, according to a Libyan leader, as Storm Daniel swept through the eastern part of the country. The head of Libya’s eastern parliament-backed government, Osama Hamad, announced the death toll on Monday, according to a report from state news organization Libyan News Agency. “Osama …
by spacebizzle Million dollar question. Wall street bulls love these pseudo plans of further down-the-line growth stories to pump hype stocks. It wasn’t any different in 1998/99 with the promise of the internet, online retail, telcom and routing hardware, etc. The promise that it would take over everything (it did but leaving probably 95% of …
Fred Hickey, a prominent investor and the editor of the newsletter “The High-Tech Strategist” which is published monthly for the past 34 years, argues that today’s market is resembling the 1999-2000 tech bubble. He sees the ‘Big Seven’ – Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) …