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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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<blockquote data-quote="Klaus" data-source="post: 16890042" data-attributes="member: 190070"><p>If we enter a recession: </p><p></p><p>People lose their jobs. They get their health insurance through their employer so medical premium will fall. </p><p></p><p>They will default on auto loans and autos will be repossessed. No need to insure an auto you dont own. </p><p></p><p>New auto purchase will slow. No need to insure a car that you dont buy. </p><p></p><p>People will default on mortgages. No need to insure a house you dont own. </p><p></p><p>Property values will decrease. So the average insured will need less insurance. </p><p></p><p>Delinquencies will increase. This will apply to insurance premiums as well. </p><p></p><p>People will surrender life policies. </p><p></p><p>etc. etc. </p><p></p><p>It is a convoluted and technical discussion but their balance sheets are ****ed for a few reasons. Personally I am more worried about insurance cos than I am banks.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16890042, member: 190070"] If we enter a recession: People lose their jobs. They get their health insurance through their employer so medical premium will fall. They will default on auto loans and autos will be repossessed. No need to insure an auto you dont own. New auto purchase will slow. No need to insure a car that you dont buy. People will default on mortgages. No need to insure a house you dont own. Property values will decrease. So the average insured will need less insurance. Delinquencies will increase. This will apply to insurance premiums as well. People will surrender life policies. etc. etc. It is a convoluted and technical discussion but their balance sheets are ****ed for a few reasons. Personally I am more worried about insurance cos than I am banks. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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