A tale of two worlds

Americans Will Foot The Bill For Germany's New Drug Price Controls Authored by Drew Johnson via PJMedia.com, Germany just found a new way to lower its own healthcare costs: make Americans pay more. In late April, German policymakers proposed changes that cap spending growth, restrict care, and force drugmakers to provide steep discounts. These changes are supposed to save Germany money. But drugmakers still need to recoup the high costs of research and development. When a country like Germany suppresses the prices it pays for innovative medicines, those costs don't disappear — they simply shift...

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...

The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore Authored by Nick Giambruno via Doug Casey's International Man, “Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul Let’s take a step back and look at the big picture so we can assess the US government’s financial situation, where it’s likely headed, and what these trends could mean. Observation #1: It’s Politically Impossible To Cut Spending Among the biggest expenditures for the...