The Insurance Contagion
I've recently written about the effects of the flattening sovereign yield curve on the insurance industry and the implications of simultaneous flat sovereign yield curves in the U.S., Germany and Japan on currencies, global trade and economic activity. So, let's look next at the cascading trajectory this implies for the U.S. economy.
The insurance industry is divided between discretionary and mandatory products. Discretionary insurance is for life and health, while mandatory insurance is for property and casualty, mostly auto and homeowners insurance....450 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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