I was blown out by the Labor Force Participation Rate (LFPR) data released Friday. Down 4 tics to 62.8%. That sounds like no big deal, but it is. Either there is something out of whack with the data, and it will be revised, or there will have to be some serious rethinking by the […]
Bruce Krasting
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Bruce Krasting, Contributors- Economic and Financial, Must Read
America’s Income – Who Has It? Bruce Krasting
by Bruce Krasting • • 0 Comments
America’s tax system and the major social programs (Medicaid and Obamacare) are driven by income. The Social Security Administration has put out a report on income in America. The data covers all wage earners (153.6 million workers and the $6.5 Trillion they earned). The Following is a pic of the report(link), if you’re working, you’re somewhere on this page:
Bruce Krasting, Contributors- Economic and Financial, Must Read
Me and ACA – Bruce Krasting
by Bruce Krasting • • 0 Comments
I tried a bunch of times to get on NYS’s health exchange last week. Dead end. The site went down for ‘repairs’ over the weekend, but as of 8 AM today it was up and running. Some thoughts. The first step is to get a user ID. For those familiar with this type of […]
Bruce Krasting, Contributors- Economic and Financial, Must Read
Obama – “I need a lever” – Bruce Krasting
by Bruce Krasting • • 0 Comments
As a long time watcher of Social Security I was shocked (yes, shocked) at the recent Congressional Budget Office (CBO) report on America’s largest entitlement program. CBO concluded that the long term outlook for SS deteriorated substantially over the last twelve month.
Bruce Krasting, Contributors- Economic and Financial, Must Read
Obamacare – An Unintended Consequence? Bruce Krasting
by Bruce Krasting • • 0 Comments
Obamacare officially kicks off in nine days. What the heck is going to happen? I don’t believe that anyone really knows. I’m concerned that there will be many ‘unintended’ consequences. Information has being coming out in recent days about how much Obamacare is going to cost individuals.
Bruce Krasting, Contributors- Economic and Financial, Must Read
Verizon Rant – Bruce Krasting
by Bruce Krasting • • 0 Comments
I’m amazed at the Verizon mega bond deal. $50 billion gets raised on incredibly easy terms. Folks, this is acquisition debt; it’s junk dressed up. And today we learn that a huge chunk of the paper is ending up in retail accounts (Link). The “success” of the Verizon bond offering can be laid squarely on the…
Bruce Krasting, Contributors- Economic and Financial, Must Read
No Correlation At All?? Bruce Krasting
by Bruce Krasting • • 0 Comments
Tom Perez got the job as Secretary of Labor just two days ago. All smiles with the Veep for the affair: After the payroll numbers this morning Perez goes on CNBC and talks about how great things are, and what a good job Obama is doing. But 6:15 into the clip the point is made…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Black or White? Bruce Krasting
by Bruce Krasting • • 0 Comments
The following is a pic of a Malayan Tapir. Note the distinctive black and white markings of this animal. Now consider this picture of Bernanke’s taper. It too has distinctive black and white markings. The Malayan tapir comes by its coloring scheme naturally. The Bernanke taper has black and white shades…
Bruce Krasting, Contributors- Economic and Financial, Must Read
New Exciting Travel Destination for Young Americans? Bruce Krasting
by Bruce Krasting • • 0 Comments
I typed in “Exotic Destinations, Cheap Accommodations” and Yemen comes back as an alternative. To be sure, this is no easy VaCa destination, so old fogies should consider a different holiday destination. That said, Yemen has a lot going for it.
Bruce Krasting, Contributors- Economic and Financial, Must Read
Trillions of Paper and a $1,000 Wager – Bruce Krasting
by Bruce Krasting • • 0 Comments
Social Security is sitting on a $2.8Tn portfolio of T Bills and Notes. Take a guess on how much of that was ‘turned over’ (redeemed/acquired/matured) in June of 2013? $600 Billion! 22% of the nut went back and forth in a single day. That blows my mind. A pic of the “transactions” that took […]
