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Wolf Richter – Obamacare? Wall Street Suddenly Scrambles to Buy Doctors, “Leverage” Their Patients

For PE firms, the fracking boom was nirvana. An eternal-growth industry. A big part of the money they poured into the scrappy oil & gas companies is now going up in smoke. Other industries are mired in a no-growth or shrinking environment. Chaos keeps breaking out in the international markets, most recently over Greece and China. So, healthcare, which accounts …

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Wolf Richter – Housing Bubble Means American Dream Withers at Record Pace

The current housing boom has Dallas solidly in its grip. As in many cities around the US, prices are soaring, buyers are going nuts, sellers run the show, realtors are laughing all the way to the bank, and the media are having a field day. Nationwide, the median price of existing homes, at $236,400, as the National Association of Realtors …