Recent Comments

I dont think I would like to own an insurance company. you cant really predict the weather or how many accidents people will have, or what injuries they will have... I have to hand it to the companies that ARE out there. Its a tough business for sure

Most likely. There is more to it than that, of course. For one thing, corporate bonds can be secured or unsecured, and even the secured bonds have degrees of surety.

I would have to look this up, but I think because the corporation is a separate entity, the stockholders do not pay the debt if the corporation goes broke: the assets of the corporation are sold to pay that debt.

Or the corporation is sold to another corporation. And the growth of big business begins...

I've seen plenty of cheering pinheads at televised Harris rallies I would not take in longer than a few seconds to protect my aging brain cells.
Trump rallies are always way bigger than those of Harris or Biden despite being beat by the rigged 2020 election.

Yes, it has that quality, of course. However, especially in the case of an industry that pools large sums of money from the public, as insurance does in the case of the payments of premiums which are invested in toto, so as to provide AT THE TIMES NEEDED, funds to pay losses, then rates and premiums must be adequate, as I said before.

When insurance companies compete destructively, or in my conception, pathologically, managers will have a tendency to overlook that basic necessity, and heavy losses to the insurer as well as the insured, will occur. Many insurers will go bankrupt.

This is what happened in late summer of 1982, and was due in part to Reagan's deregulatory policies. Because of the interest rates Volker had imposed in an attempt to fight inflation, which was really only a one-time shock that ran through the economy, insurance companies felt safe in decreasing rates and premiums, feeling sure their investments at those horrendous rates could safely pay all losses that would occur. Then suddenly, Volker decreased the interest rates dramatically. You can guess what happened.

I left about that time because I knew it was going to happen and one reason is that with deregulation and pathological competition, the underwriter lost control of the risk. So even if interests rates had not been drastically lowered, the heavy competition would have resulted in some losses anyway. It is with rates and premiums that underwriters control risk.

And if risk is not controlled, more losses occur, and more of the funds are paid out for losses that didn't need to happen.

When me an old dino goes to vote hobbling along on a cane I'll be carrying a concealed 9mm just like the time before that and the time before that and the time before that~~etc.
I may live in red state Alabama but I also live in Jefferson County in a town that borders a blue Birmingham.
When there, no one has yet to ask who I'm voting for. My ready response will be a calmly stated "It's called a secret ballot."
Should push ever come to shove and it likely won't ever, I also plan to say, "You don't want to see what I carry in my front pocket."
Always be prepared that's all.

If a private company "deficit spends' by issuing bonds, it falls upon the stockholders to pay the bills when they come due. When government deficit spends, it simply uses force to tax the citizens without their consent to foot the bill. That, i think, is evil and should be forbidden. Its the fact that taxes collected by force thats the difference

competition is the savior of the consumer.....

You've got to wonder---I have, at times---is there some intimidation going on by powerful black groups? I thought of Tim Walz, and other Minnesota or Michigan or Wisconsin white guys: are they being intimidated? Is this how Derek Chauvin ended up in prison?

But, term, that is exactly why we have competition.

Not to this degree at any rate. In some cases---I was a finance officer of a small cookie factory when I retired, with some finance background---a corporation can issue bonds and if invested well can pay them back after having grown the company.
Governments, on the other hand, should exercise more care. Treasuries are used on the open market to either decrease or increase the money supply, but there should certainly be a limit to their use, and I believe there is, in the sense of buying and selling. There are several tools the Fed can use to moderate the economy.

Meaning the wealthy stupid white guys donating millions to the wicked witch's campaign and censoring her moronic remarks.

I would dispute a bit on the "equitable" part. The insurance company will charge as much as it can get away with, and still get the customer to actually sign up

its a very evil racket, in my opinion. There should be NO way government can deficit spend

+2,000

Peersonally I cant believe any person with even a small brain could vote for kamala. She has NONE of the qualifications for president of a country.

Screaming pain? Is that why you comment in all caps?

Hope you get better soon.

Pardon me?

An article on RT reported that the 'fattest cat' in the world died recently.

Generous rich morons=fat cats.

A fat cat, and I'm sure you know this, is modern English parlance for a billionaire socialist. Like Soros.

"Help me, Dominion. You're my only hope."

I saw a McDonalds sign photoshopped to read: "Donalds"
Then I Remembered that little ditty: "McDonalds is your kind of place, it's such a happy place, a clean an snappy place..."
I substituted "Donalds" for "McDonalds" and it worked nicely.

I didnt really watch the debates. They are a joke. What we want from a presidential candidate is information on how they would run the country- efficiently, engendering respect from foreign countries, keeping borders ssecure, and enabling good defense, and keeping the currency OK. The rest of the stuff is a bit off the mark.

Our problem is that we have allowed government to intrude into too much of our lives. It brings out the power hungry politicians who want a piece of the power pie. Manipulation and superficial things overcome facts and the real issues behind who to appoint in the government.

Is marijuana legal for pain relief in TX?
I hope you find an answer soon, 25n64il4.

i was talking to my Hispanic friend, whose English is getting pretty good, and I said, "Who you going to vote for, Trump or La Estúpida?" He broke up laughing.

(The Stupid One)

As Halloween becomes more popular, to the point of replacing Christmas, elections become more virtual and more corrupt.