econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



>> Click Here for Historical Wall Post Listing <<

What We Read Today 14 March 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

  • Americans Stick With Obamacare As Opposition Burns Bright (Mike Dorning, Health Insurance Exchange) Support for Obamacare is increasing with 64% supporting it outright or saying it needs only small changes. However, 54% are unhappy with President Obama's handling of the implementation of the new law. That is better than the 60% disapproval in December. A majority (51%) want "small modifications" to the law and 13% support it as is. Total repeal is favored by 34% of the public. According to Wikipedia 29% of the electorate is registered Republican so it can not be only Republicans who oppose the law.

Obamacare opponents predicted early on that insurance co-ops created by the law would fail, and that much of the $2.1 billion they were loaned to get started would be lost. Instead, the 23 co-ops that now exist nationally have enrolled about 300,000 people in health plans by combining low premiums with a certain homespun appeal, according to company executives.

  • With Deadline Looming, All Eyes on Young Enrollees (Bruce Shutan, Health Insurance Exchange) The ACA and the plans offered by insurance companies require a broad demographic of enrollees. If only older persons and the sick enroll then the costs are higher than planned and the income is missing the anticipated (lower) premiums from younger and healthier people. In insurance language that is called "adverse selection".

The articles above are late additions to the comprehensive coverage of ACA (Affordable Care Act, aka Obamacare) 'behind the wall' two days ago.

Today we discuss 10 more articles 'behind the wall'. The first four address the U.S housing market.

  • The Monthly Mortgage Payment Vs The Monthly Rental Payment Since 1981 (Sam Ro, Business Insider) For the first time in decades mortgage monthly payments compare favorably with renting. However, owning has more expense than mortgage payments: property insurance, property taxes and property maintenance are all covered by landlords and therefore included in rent but not in a mortgage interest and principal payments. So it is likely that on a pure cash flow basis renting is still cheaper than buying.

mortgage-vs-rent-sam-ro-2014-mar-12

  • Reminder HAMP homeowners: Your mortgage rate will increase (Jacob Gaffney, HousingWire) Interest rate reductions under the Home Affordable Modification Program (HAMO) were temporary and start to return to market rates after five years. Rates adjust yearly up to 1% pa until the contract rate is restored for the remaining life of the mortgage.
  • Popping the Housing Bubbly Theory (Mark Fleming, CoreLogic) Author says houses are still undervalued. His position is based on historic house price to income levels ratios. He doesn't address how much of that income is encumbered by debt compared to past markets and he doesn't address the fact that renting is still cheaper than owning (see third article above).

house-prices-relative-to-historic-median

income-inequality-global

  • Where time comes from (Flowing Data) "Time is a core of myths that lets us most easily understand the evolution of the universe." This video is "nice and nerdy".


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall



search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Angst in America, Part 5: The Crisis We Can’t Muddle Through
Was Marx Right?
News Blog
21 April 2017: ECRI's WLI Growth Index Continues to Slow
Final April 2017 Michigan Consumer Sentiment Continues Positive Trend
April 2017 Chicago Purchasing Managers Barometer New Orders Close To Three-Year High
Advance Estimate 1Q2017 GDP Quarter-over-Quarter Growth at 0.7 Percent.
Rail Week Ending 22 April 2017: Marginally Slower Week
March 2017 Median Household Income Not Significantly Different
Infographic Of The Day: The Largest Company Headquartered In Each State
Early Headlines: Asia Stocks Down, Dollar, Oil, And Gold All Up, Trump Will Pay ACA $, State Dept To Cut 9%, Trump Tax Plan, UK House Prices Drop, France GDP Growth Slows, And More
What Americans Shop For With Coupons Online
Fact Check: Are A Million African Migrants Already On Their Way To Europe?
Doctor Google Will See You Now
What We Read Today 27 April 2017
March 2017 Philly Fed Coincident Index Ticks Marginally Up
Investing Blog
Think Differently For Better Trading Results
Facebook Is Coming After Snapchat From All Sides
Opinion Blog
Trump's Tax Plan Is Brilliant Politics And Even Better Economics
Facts Are Not Always More Important Than Opinions: Here's Why
Precious Metals Blog
A New Age For Gold
Live Markets
28Apr2017 Pre-Market Commentary: Wall Street Expected Top Open Fractionally Higher, But Trading Will Mirror Yesterday's Session And Remain In A Tight Band, Crude Prices Starting To Move Upward
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved