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Is the US Economy Strong OR Not?
By Dr. David Edward Marcinko MBA
www.CertifiedMedicalPlanner.org
Recently, new highs for the DJIA and some better than expected jobs numbers pointed an outward sign of the US economy’s continued — though sluggish — recovery from the Great Recession.
Workers in the Shadows
But, there may be another explanation for why consumers keep spending more despite higher payroll taxes and more pain at the gas pump.
Edgar Feige PhD Speaks
That reason is a thriving shadow economy, estimated to have reached as much as $2 trillion last year, according to a study (.pdf file) co-written by Edgar Feige, an economist at the University of Wisconsin-Madison.
Assessment
A shadow economy is one where workers turn to employment that pays under-the-table. While that sometimes includes illegal activity, such as drug dealing, much of the shadow economy today appears to be in areas like service work such as babysitting; medicine, eye, foot and dental care; and working construction jobs for cash.
More
- Patient Relations Management and Concierge Medicine
- Direct Reimbursement [DR] and RiskManagers.Us
- What Health Care Fraud Costs Us
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Conclusion
And so, are new medical practice business models like retainer and concierge medicine, direct/private pay, or cash care more or less prone to participation in the underground healthcare economy?
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Health Economics | Tagged: concierge medicine, direct pay medicine, Edgar Feige, GDP, GNP, retainer medicine, Shadow economy, Understanding the Domestic “Shadow Economy”, US economy |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
A Basic Economics Video
Recently, I came across this excellent video by Ray Dalio of Bridgewater Associates. For those of you who don’t know, Ray Dalio runs one of the largest Hedge Funds in the world with $122 billion AUM. He breaks down the economy into three parts:
• Short Term Debt Cycle
• Long Term Debt Cycle
• Productivity Growth
Ray makes an astute observation that credit is actually more important to the economy than money and proceeds to explains it all in this easy to follow 30 minute video.
Now, don’t expect stock tips, investing ideas or the usual diatribe. This is pure education for all ME-P readers and subscribers.
Dr. David Edward Marcinko MBA
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MARKETS ROUNDUP FOR 2014
Holiday shortened weeks are usually kind to investors and last week did not disappoint. If history is any guide, the bulls are likely to remain in control next week too.
During the last five trading sessions of December and the first two of January, the Dow has gained an average of 1.7 per cent, according to the Stock Trader’s Almanac (the data go back to 1896).
The Round-Up:
• DJIA: 18,053, up 1.4% on week, up 8.9% YTD (best 5 days since 2011)
• S&P 500: 2088, up 0.9% on week, up 15.1% YTD (52nd record high of the year)
• NASDAQ: 4806, up 0.9% on week, up 14.1% YTD
• Russell 2000: 1215, up 1.5% on week, up 4.4% YTD
• 10-Year Treasury yield: 2.25% (from 2.18% a week ago)
• February Crude Oil: $54.73, down 4.2% on week
• February Gold: $1,195.30, down 0.04% on week
• AAA Nat’l average price for gallon of regular Gas: $2.31 (from $3.28 a year ago).
Alexander
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