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Trending
- From Fox Business. https://t.co/WTYYhztbNg
- Legendary investor Jim Rogers said "The debt at the central bank has gone up 5 or 6 times in just 9 years. This has never happened before in recorded history. Interest rates have never been this low and yet they say it’s all going to be OK” http://bit.ly/2HZQyIc
- Fairway Holdings, a NY grocer that enjoyed a 33% pop on its 1st day of trading in 2013, filed for bankruptcy 3 years later. Food for thought
- #JanetYellen claims Fed policy helps the poor by pushing up house prices. But the poor don't own their homes, they pay rapidly rising rents!
- From Canada's Business News Network. http://bit.ly/1Rpc6xx
- Investors are way too optimistic that Pres. Trump and the GOP will fix the US economy. http://bit.ly/2hisdRX
- Excellent Comic Strip Explains Our Situation
- Stockman believes Reagan and Trump are in “diametrically different positions,” to create economic change: https://t.co/tpJGkY6hyC
- #Gold spiked above 1,000 pounds per ounce on Brexit vote. Too bad the BOE sold most of Britain's gold below 200 pounds back in 1999!
- Consumer sentiment unexpectedly fell in July to 93.1 from 93.3 in June. Analysts had expected the index to rise to 94.1.
Wednesday, September 23, 2015
I'm sure you've heard of Daraprim, the drug whose price skyrocketed recently...
...After the rights to sell it under that name were bought. What I'm wondering is why the price has skyrocketed without significant government intervention. Or is the right to sell under that name enough to keep competition out? Seems implausible. Presumably, competition would decrease the price, so what's keeping entrants from the market?