Best of the Blogs: Is Obamacare in Trouble?
Minyanville's daily roundup of some of the best financial commentary from around the Web.
Link: The 3 ways the Court could rule against Obamacare's mandate
"By nearly all estimates, yesterday's oral arguments were not good for Obamacare supporters. Solicitor Donald Verrilli, who represented the Obama administration, stumbled in his opening defense of the health reform law's individual mandate. Paul Clement, representing the law's opponents, proved a strong opponent. Justices aggressively questioned Verrilli, showing some signs of skepticism over Congress' authority to require Americans to buy insurance." (Also read Insurers Aren't Scared of Obamacare Slowing Medicare Profits)
Link: Goldman Bullish On Gold, 3 Month Price Target Of $1785
"Back in February, shortly before the big sell off in gold we warned that we have some "Horrible News For Goldbugs - Paulson Is Bullish On Gold Again." We may have some bad news again, as the 'bullish' sentiment this time comes from none other than the muppet master, after Goldman released a note overnight saying that "gold is set to glimmer as growth tarnishes." To wit: "We reiterate our constructive outlook for gold prices in 2012 and our 3, 6-and 12-mo forecasts of $1,785/toz, $1,840/toz and $1,940/toz, respectively. We acknowledge, however, that continued strong US economic data poses growing risk to our forecast for rising gold prices. Net, we reiterate our view that at current price levels gold remains a compelling trade but not a long-term investment, and we continue to recommend a long position in Dec-12 COMEX gold futures." (Also read Dark Clouds for Gold Seem to Have Dispersed)
Link: On Spain's coming under the watchful eye of the Troika in 2012
"The rumor roiling markets is that contingency is being made for Spain to access the Troika programs. The government has denied these rumors. But they persist nonetheless. And this is not the first time we have heard this. Read On the alleged plans for a Spanish bailout from November of last year. I am sceptical but this is what's being said." (Check out Despite Greek Deal, Sovereign Debt Crisis Isn't Over)
Link: Bertelsmann Weighs IPO to Finance Expansion
"Bertelsmann, the biggest media company in Europe, said on Wednesday that it was considering an initial public stock offering, a move long resisted by the Mohn family, which controls the company."
Link: Wanna Make It In The Valley? Better Eat Your Kale
"The reality today is that entrepreneurs are required to be high performers and intelligent decision-makers under extreme conditions of stress - all while balancing on shifting tectonic plates (market uncertainties, dwindling cash, internal conflicts, external competition, lawsuits, etc.). To rise to the challenge, the modern entrepreneur is shifting away from bad habits to a life of balance and discipline."
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