Pathlight Investors’ Top Recommended Reads - April 2014
Ready for some more great articles? Here's our picks for April 2014: US budget deficit – the CBO Mon said the US gov’t deficit will fall to $492B this year, a smaller number than the prior $680B forecast (http://goo.gl/LB4T7T). “But if current laws do not change, the period of shrinking deficits will soon come to an end. Between 2015 and 2024, annual budget shortfalls are projected to rise substantially—from a low of $469 billion in 2015 to about $1 trillion from 2022 through 2024—mainly because of the aging population, rising health care costs, an expansion of federal subsidies for health insurance, and growing interest payments on federal debt” (http://goo.gl/r4hLJT).
Draghi ratchets up his EUR warnings; suggests any further upside would prompt additional EcB easing; "In a sense, if you want our monetary policy to remain as accommodative as it is today, a further strengthening of the exchange rate - I don't want to give you a level where we will act or not, I am giving you an orientation - would require further monetary policy stimulus” – Reuters http://goo.gl/k4fjqd
GM sales may suffer – customers increasingly anxious re the recall and sales could take a hit; dealers are fielding calls from prospective customers concerned about the safety of GM autos – Reuters http://goo.gl/yA28Er
Health care – insurers are concerned they will need to raise prices in ’15, a decision that could invite political scrutiny; the White House hit its enrollee goal, but the mix of sign-ups were older and more expensive than the industry hoped – Reuters http://goo.gl/wNrsRC
And On A Lighter Note…
Father moves daughter’s messy room to driveway as a lesson in responsibility: http://goo.gl/iZGnGb