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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. BTExpress

    BTExpress Well-Known Member

    A solid argument can be made that health insurance SHOULD BE a different matter. And I'll be the first one to climb on board.

    But as long as health care/health insurance is run as a for-profit enterprise, then it is NOT a different matter. You cannot have a system that, on one hand, 1) exists to make a profit, while on the other hand, 2) tells insurers they must insure people who are GUARANTEED to cost them money.

    As for me being a "self-styled Trump hater," I'm a self-styled "America is a money-grubbing, greedy as hell nation" hater. And it's that culture that causes my friend's leukemia medicine to cost $144,000 a year.
     
    BTExpress, Oct 23, 2018
    #112861
  2. Michael_ Gee

    Michael_ Gee Well-Known Member

    What is it about Wall Street and October anyway?
     
    Michael_ Gee, Oct 23, 2018
    #112862
  3. Alma

    Alma Well-Known Member

    Netflix is indeed blowing through money. There’s so much original content at this point - a lot of it is fairly shitty, too - that it’s kind of amazing.
     
    Alma, Oct 23, 2018
    #112863
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    Even with a pretty big pullback, Netflix stock is still trading at more than 250 times its past earnings (I refuse to look at forward earnings, because they are nonsense). That is a pets.com kind of valuation. But they are slick. At this point, they need more and more money, because they are blowing through it like crazy, and rather than dilute the equity, which will punish an already faltering stock price at this point (the mania is ending), they saw what may be their last chance to borrow billions of dollars essentially for free on a real interest rate basis. So they got in while they still could. The debt is junk, but the yield in this manipulated environment is ridiculously low. They are borrowing in both dollars and euros. The dollar portion, will mature in 10.5 years and pays 6.375 percent. The Euro note will pay only 4.625. This is for a company that will have more than $10 billion in debt, and is spending it faster than it can borrow it. It's difficult to know where yields would be in that junk category in a free, unmanipulated market, but with their debt load and cash burn, you have to figure they'd have to pay well into double digit yields to get anyone to lend to them, and it would be considered incredibly speculative for only a certain type of very risk tolerant investor -- very high risk, potentially high reward. At those paltry yields? Those bonds are guaranteed to be underwater at some point before maturity, and default is a real possibility. But they are benefiting from the survival of the unfittest environment our monetary mandarins have set up. It's not Netflix's their fault. They didn't create the parameters. They are just riding them.
     
    Last edited: Oct 23, 2018
    The Big Ragu, Oct 23, 2018
    #112864
  5. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    For driving a car, sure. He’s not uninsurable in terms of health because there are (or should be) more people in the coverage group.
     
    2muchcoffeeman, Oct 23, 2018
    #112865
  6. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    Did he really quote-RT that just to parrot the hed without adding anything further?

    What the actual fuck?
     
    2muchcoffeeman, Oct 23, 2018
    #112866
  7. BTExpress

    BTExpress Well-Known Member

    "Should be" . . . but there aren't. Because that indestructible 23-year-old just starting to make a salary and with loads of student-loan debt doesn't want to be told he has to fork over hundreds of dollars every month for health insurance with a $4,000 deductible to insanely profitable companies. And I don't blame him.
     
    Last edited: Oct 23, 2018
    BTExpress, Oct 23, 2018
    #112867
  8. Inky_Wretch

    Inky_Wretch Well-Known Member

    Inky_Wretch, Oct 23, 2018
    #112868
  9. outofplace

    outofplace Well-Known Member

    Yes, you can have exactly that system. Taking car insurance from someone who is a danger to other people on the road is not the same thing as taking health insurance from someone who has cancer or a heart problem.

    For-profit companies face legal restrictions that cost them money all the time. The automobile industry must adhere to safety standards that make the design and manufacture of cars more expensive. Regulations regarding construction materials create more expense for contractors. If you think about it, I'm sure you can come up with plenty of examples of your own.

    Your friend's situations sucks. It should also tell you that you are on the wrong side of this.
     
    outofplace, Oct 23, 2018
    #112869
  10. outofplace

    outofplace Well-Known Member

    I do blame him. He is being short-sighted, selfish and stupid.
     
    outofplace, Oct 23, 2018
    #112870
    Smallpotatoes likes this.
  11. BitterYoungMatador2

    BitterYoungMatador2 Well-Known Member

    "If my life is gonna' suck I want everyone's to suck," seems to be the new American motto.
     
    BitterYoungMatador2, Oct 23, 2018
    #112871
  12. Cosmo

    Cosmo Well-Known Member

    Dow is down 453 points this morning.
     
    Cosmo, Oct 23, 2018
    #112872
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