Insurance Companies

Doesn't Mexico Have Building Codes?

"City councils can pass building code laws all day long, but as long as residents lack the incomes necessary to afford housing, offices, and factory space that's built to withstand earthquakes, there will always be an especially large incentive to cut corners on construction. Innocent people will suffer as a result."

Republicans Scramble To Revise Obamacare Repeal Bill As Defeat Looms

Late on Sunday and overnight, GOP senate leadership was scrambling to revise the Obamacare repeal bill in order to win support from a small but critical group of holdout senators and secure the 50 votes needed to allow the tie-breaking vote in favor cast by Vice President Mike Pence.

"Japan Has No Illusions That Rates Will Ever Rise": Is This What The Endgame Looks Like

"Whatever the policies, Japan has already tried them. Japan is far more advanced in fully monetizing its debt by utilizing multiple asset classes, from bonds to equities. It also accepts that normalization is not feasible, and unlike the Fed, it has no illusions that rates could ever rise or that deep labour market reforms are either possible or desirable."

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

Catastrophe Bonds Suffer Biggest Crash In History

Following the latest weekly remarking of the Swiss Re Cat Bond price return Index, the entire catastrophe bond sector saw broad-based liquidations last week on worries of Irma-related damages, and as a result was marked down by a record 16%, prompting many to ask if it's time to BTHD.

The Broken-Window Fallacy Is Still Alive And Well

As in the wake of every disaster, pundits and politically biased economists - including Larry Summers who declared Japan's 2011 Tsunami would boost economic growthwill wax elequently on how Harvey will end up being a boon for "the economy." As usual, these types of talking heads forget Frederic Bastiat at their own peril...