The Market Is Starting To Price In Something Most People Still Don't See

Waste Of The Day: Medicare Paid For Wrong Organs Authored by Jeremy Portnoy via RealClearInvestigations, Medicare spent an estimated $380 million acquiring human organs that were either transplanted into patients without Medicare or never transplanted at all, according to a new Department of Health and Human Services inspector general audit. Key facts: Medicare reimburses hospitals for removing kidneys, hearts, lungs and other organs from donors after they die. Federal law says Medicare should only bear those costs when the organ is used in a Medicare-covered transplant. But decades-old Centers for Medicare & Medicaid...

Why Is Consumer Sentiment At Record Lows? Authored by Charles Hugh Smith via substack, Consumer sentiment is at record lows because there is zero visibility on any real-world trends that would be positive for the bottom 90%. Vague promises of super-abundance are not visibility. Why is consumer sentiment at record lows while the stock market is at record highs? The media / social media are ablaze with coverage and commentary on this K-shaped economy, for example: The Stock Market Has Never Been So Good When People Have Felt So Bad: Stocks are partying like it’s 1999....

At least 16 people were killed in the past 24 hours in various Israeli strikes, including a Lebanese soldier, a family of five, and three emergency workers trying to rescue the wounded in an attack on the town of Majdal Zoun. The family of five were identified as the Bahja family in the town of […]