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Data Round-Up: Regionals Show Solid Services, Some Mfg Improvement in 15Q2; Home Price Gains Healthy

FMI’s analyses of this morning’s June Chicago PMI and other Regional Business Surveys and April Home Prices data.

ACA Subsidy Snafus Responsible for Part of 2015 Lull

FMI’s Commentary on one cause for recent subdued retail sales: the Affordable Care Act.

Data Round-Up: Real Equipment Likely Rose Just +5% in 15Q1

FMI’s analysis of this morning’s March Durable Goods Orders report.

When Healthcare is a “Lemon”: Asymmetric Information and Market Failure

In this article, David explains how asymmetric information exchange between providers and patients contributes to medical errors, customer frustration, over and under-treatment in U.S. healthcare industry.

Data Round-Up: Vehicle Sales Off to Strong 2015 Start; Services Holding Up Well

FMI’s analyses of January Vehicle Sales and the January Non-Manufacturing Index.

The Oil Price Collapse: The Need for a New Roadmap - Part 1, Resources Economics

Reserves must be seen as a co-production of nature and man-made technology. Except for wood and dung that pre-industrial populations could burn on the spot, there is no such thing as a ‘natural resource’. Our advanced energy system is fueled by a combination of stuff-in-place and human skills. Terms like ‘gas to Liquids’ (GTL) or ‘cracking’ capture the manufacturing element; the evolution underway will not stop there—to the point possibly of ‘oil’ being someday manufactured from CO2 and water. As John and Beth Mitchell and Valerie Marcel and put it in their report for Chatham House in London: “The foreseeable problem is not finite resources but the rate at which these very large resources can be converted into reserves for potential production. Reserves of oil and gas have each more than doubled since 1980–faster than the increase in production. Technologies are developing which are creating new reserves of ‘unconventional’ oil, as they already have for gas.”

Supreme Court versus Obamacare II: High Drama; Not the Main Event

Despite the high drama and intense media attention, Supreme Court versus Obamacare II is a sideshow. The main event remains how market forces are reshaping fundamental supply-demand relationships in healthcare delivery.

‘Hot Streak’ Continues: Expect +3% GDP in 14Q4 & Beyond

FMI’s Preview of 14Q4 GDP and commentary on the impact of lower oil prices.

TOE Alert: Offshoring Continues to Grow Despite Weak Yen

Richard analyzes the reason behind Japanese multinational companies' growing trend to produce in overseas countries, especially in Asia, despite the weakening yen.

Negating Economic Fatalism in U.S. Health Expenditure

U.S. government whiffs on 10-year health expenditure forecast