There has been no comment about this or impact on the market for over a week?
There is a definite analogy here somewhere. Some would say the current administration is captaining the Titanic straight toward the iceberg (or even whistling after we’ve already hit it).
I used to work for a troubled company that employed Atlantic Mutual - 1990’s.
Back then, they were a really class act, yet, I have not kept up with their current situation!
Hope all works out OK, but it doesn’t seem so.
Banks are failing by the droves...what’s next?
Answer: Insurance companies.
No one dares to think that their life insurance could possibly become worthless if our economy fails, but it will certainly do so.
While the “sheeple” fret and worry about the FDIC coverage on their bank holdings, they don’t even worry about all of that money they put into their life insurance policies...THAT IS NOT INSURED BY ANY ONE!
The diverse population and deadbeats have learned how to manipulate the workman’s compensation issue and bleed it to death. Tecumseh built a nice facility in Corinth and after two years experienced the highest workman’s compensation claims than all of their other plants combined. The plant had to close and move their production elsewhere in order to remain solvent. We now have a nice large building with nobody using it. Lawyers and deadbeats have formed a lethal combination to free enterprise and hard work.
Workers comp is a way of life for some . . . just like welfare is a way of life for others. I’ve heard the term ‘cleptocracy’ to describe a thieving political class. How do you describe a nation where a plurality steals what they can from their neighbors? A ‘cleptpopulace’?