From the other thread.
Things to consider with the ‘power through it at once’ approach:
What happens to the insurance companies who get hit with a cat 5 hurricane’s worth of health insurance payouts. Everywhere. Over a 3-6m period of time...
https://www.amazon.com/Insurance-Underwriting-Derivatives-Liability-Management/dp/0471492272
And when (not if) they fail, what does that to do the rest of the economy.
At that point small businesses and restaurants become financially irrelevant.
Agnes:
The Fed has already bailed out some hedge funds (with wild derivative trades gone bad) last week.
Expect to see more of that from the Fed and other central banks—for as long as they can keep spinning the derivatives plates in the air.
Thanks.
“And when (not if) they fail, what does that to do the rest of the economy.”
The ultimate debt deflation. A land where everything is worth nothing.
The world’s investors have up to 1.4 QUADRILLION dollars worth of derivatives, maybe more. I have no idea what fraction of that is in health insurance.