General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsProfessorGAC
(64,852 posts)But, tech, comm, & financial is up?
That's an interesting dichotomy. Huge, cash lean companies losing value but cheap money banks will do well enough to bump up overall value? With teleworking, I suppose tech and comm futures rising makes some sense.
Interesting that the European numbers were all green. Thinking they're out of the woods?
turbinetree
(24,683 posts)this picture show is going to go down in flames.........trying not to be negative, but the models show that doing one thing against an a unknown, does not end well ..........
Xolodno
(6,383 posts)They are still working and collecting Premiums. With the shut down, the loss costs on auto, workers comp, property and casualty etc. has probably cratered. As evidence, many of the big companies are offering rate reductions, rebates, etc.
Usually when we hit a recession, we see an increase of claims, such as slip and falls at places of employment...but everyone was put out of work rather suddenly. I suspect homeowners claims will start rising as the toll of unemployment starts to grip, during normal times, most people will fix a covered issue themselves. But when your out of work, you can't afford to fix it yourself.
ProfessorGAC
(64,852 posts)Thanks for the add.