dwy000 Posted January 25 Posted January 25 8 hours ago, Dinar said: Discriminatory pricing is also outrageous. I had surgery, had I paid cash, the price would have been $40K. Insurance said no, the bill should not be $40K, it should be $10K, it paid $9K and I paid $1K. Why is the hospital allowed to charge 4x more for the same thing? Because there's no limit on what providers are allowed to charge - and nobody is price shopping health care, especially urgent or emergency care or pharma with no generic or equivalent. So quite a bit of insurance (incl medicare and medicaid and pharma) is priced off the "list" price with a % discount negotiated by insurance.
james22 Posted January 25 Posted January 25 True, the WEF propaganda remains fixated on Environmental, Social, and Governance issues, and, of course, Diversity, Equity, and Inclusion—the familiar, woke-globalist acronyms ESG and DEI, now supplemented with AI. The corporate billboards still burble their word salads about resilience and sustainability. But talk to the chief executives and a very different picture emerges. Almost everyone at Davos is long U.S., short EU. The new Davos consensus is that Europe cannot get its economic act together and never will, whereas America is rocking and rolling, and if you don’t own the big U.S. tech stocks, then the FOMO may kill you. Börje Ekholm, the CEO of Swedish telecom firm Ericsson, told one interviewer that he was fed up with Europe’s “regulatory-first approach.” I heard the same thing again and again. “Europe is always lagging behind,” complained Zurich Insurance Group CEO Mario Greco. Vasant Narasimhan, who runs the Swiss pharmaceutical firm Novartis, agreed. https://www.thefp.com/p/niall-ferguson-always-bet-against-the-davos-man-donald-trump-elon-musk?hide_intro_popup=true
Spekulatius Posted January 25 Posted January 25 Since when is going long consensus that everyone agrees upon making money when investing? Quote Almost everyone at Davos is long U.S., short EU. The new Davos consensus is that Europe cannot get its economic act together and never will, whereas America is rocking and rolling, and if you don’t own the big U.S. tech stocks, then the FOMO may kill you.
james22 Posted January 25 Posted January 25 32 minutes ago, Spekulatius said: Since when is going long consensus that everyone agrees upon making money when investing? That's Ferguson's point, actually: The trouble is that the Davos consensus is nearly always wrong. I still remember the way it was five years ago. It was clear to me—and I told everyone who would listen—that a global pandemic was underway. But what was the dominant topic on the agenda of the World Economic Forum? That’s right: climate change and how morally superior Greta Thunberg was to wicked Donald Trump. So, if Davos Man is, despite his qualms, long America and short Europe, that might be your cue to take the other side of the trade. But I believe they've got it right (for once).
Dalal.Holdings Posted January 25 Posted January 25 https://www.ft.com/content/b6a5c06d-fa9c-4254-adbc-92b69719d8ee Quote Europe can import disillusioned talent from Trump’s US, says Lagarde Lagarde is absolutely clueless. Can't believe she still has a leadership position in the EU, but then again, the EU is not democratic but just a cabal of insider bureaucrats who have destroyed their continent. The European people have no say in who runs this clown show. The EU needs reform badly.
Dinar Posted January 25 Posted January 25 13 hours ago, dwy000 said: Because there's no limit on what providers are allowed to charge - and nobody is price shopping health care, especially urgent or emergency care or pharma with no generic or equivalent. So quite a bit of insurance (incl medicare and medicaid and pharma) is priced off the "list" price with a % discount negotiated by insurance. There should be a law of one price - a hospital has to charge the same amount for a procedure no matter who is paying for it and how. Otherwise people are forced to buy insurance.
Spekulatius Posted January 25 Posted January 25 59 minutes ago, Dinar said: There should be a law of one price - a hospital has to charge the same amount for a procedure no matter who is paying for it and how. Otherwise people are forced to buy insurance. There is no such thing for pretty much any service. Nobody pays the same price for a car service, to get their lawned mowed, their toilet repaired and so forth. I do agree the pricing variances in Health care are extreme.
Paarslaars Posted January 26 Posted January 26 It also makes no sense... Why would the talent leave US when talent is finally getting rewarded instead of gender or race? The only thing Europe is getting is the DEI crap. And please keep that in the US, we have far too much diversity already.
Dalal.Holdings Posted January 30 Posted January 30 Ursula and the Brussels gang don’t get it… innovation doesn’t come from bureaucrats like her. Innovation occurs when people like her move out of the way. She addresses red tape a bit which is somewhat reassuring, but also focuses on “decarbonization” and the overall strategy of “a compass” and centralized investment mechanism sounds like a bad strategy…
formthirteen Posted January 30 Posted January 30 Are there incentives to take risks in the EU? Quote VC capital is raised: 52% in US 40% in China 5% in Europe We do not lack capital.
Dalal.Holdings Posted January 30 Posted January 30 4 minutes ago, formthirteen said: Are there incentives to take risks in the EU? Don’t worry, the almighty “Compass” will save the EU Forget that all the goals of the “Compass” are pointing in completely different directions
Sweet Posted January 31 Posted January 31 2 hours ago, Dalal.Holdings said: Don’t worry, the almighty “Compass” will save the EU Forget that all the goals of the “Compass” are pointing in completely different directions Typical bureaucratic nonsense on the compass too. Here is a better start. Cut taxes and regulation.
Eldad Posted January 31 Posted January 31 58 minutes ago, Sweet said: Typical bureaucratic nonsense on the compass too. Here is a better start. Cut taxes and regulation. Yep true north. Free markets and people. These are ridiculously stupid people that could screw up a compass metaphor. It’s actually sad. Is this Idiocracy? ”competitiveness and decarbonization” if they head northwest. Let’s pay more for energy to become more competitive.
Dalal.Holdings Posted January 31 Posted January 31 (edited) “Competitiveness and decarbonization”. Only an unelected lifelong bureaucrat like Ursula at a place like the EU could get away with something like that. European left leaning outlets like the FT and Economist (which should serve as a business community’s check on this kind of governance) will allow this nonsense without any serious pushback. There is no check to this stupidity in Europe. If you speak out against it, you are labeled “far right” and dismissed. Edited January 31 by Dalal.Holdings
formthirteen Posted January 31 Posted January 31 Norway's government is in desperate need of more capital:
CorpRaider Posted January 31 Posted January 31 (edited) I think you guys are not really left of where the US was in the 1970's. You just need to tack a little to the right and maybe let Gordon Gecko and the 80's guys have the reins for a while. I'm maintaining my allocation and would appreciate quality names in the UK, Netherlands, and maybe Switzerland. Edited January 31 by CorpRaider
Dalal.Holdings Posted January 31 Posted January 31 Are there any Europeans that can actually stand up and loudly yell in the face of such patently absurd notions ? Seriously, what is wrong with the continent???
Dinar Posted February 1 Posted February 1 1 hour ago, CorpRaider said: I think you guys are not really left of where the US was in the 1970's. You just need to tack a little to the right and maybe let Gordon Gecko and the 80's guys have the reins for a while. I'm maintaining my allocation and would appreciate quality names in the UK, Netherlands, and maybe Switzerland. I do own Heidelberg Materials out of Germany, CRH out of Ireland (listed in both UK & US), Glenveagh Properties (it was mentioned by another member from whom I got the idea), St James out of UK, Hill & Smith out of UK, Safran out of France, Vallourec out of France - short-term bet, Airbus out of France.
cubsfan Posted February 1 Posted February 1 5 minutes ago, Dalal.Holdings said: Are there any Europeans that can actually stand up and loudly yell in the face of such patently absurd notions ? Seriously, what is wrong with the continent??? Like all good socialists, they think they can legislate everything, even innovation.
Sweet Posted February 1 Posted February 1 9 minutes ago, Dalal.Holdings said: Are there any Europeans that can actually stand up and loudly yell in the face of such patently absurd notions ? Seriously, what is wrong with the continent??? We’re fucked. That’s what’s wrong. We have went from relatively high trust societies to low trust societies.
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