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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (1421)	11/21/2018 7:13:31 AM
From: Snowshoe	Respond to of 13801

The death knell... How Wildfires Are Making Some California Homes Uninsurable nytimes.com California’s wildfires keep growing bigger, more frequent and more destructive. Of the 20 worst wildfires in state history, four were just last year, giving rise to a record $12.6 billion of insurance claims. It hasn’t gotten any better this year. The Mendocino Complex Fire in August was the biggest in state history, and the Camp Fire that wiped out the town of Paradise is the deadliest. It had destroyed nearly 12,000 homes as of Monday morning. This has put pressure on property insurers, some of which have been declining to renew homeowners’ policies in fire-prone areas. When the houses that burned this year are rebuilt, their owners may find that no one is writing insurance there — at least not at affordable prices. “We’re not in a crisis yet, but all of the trends are in a bad direction,” said Dave Jones, who is completing his eighth and final year as California’s insurance commissioner. “We’re slowly marching toward a world that’s uninsurable.”

To: Snowshoe who wrote (1421)	11/21/2018 7:15:28 AM
From: robert b furman	Read Replies (1) \| Respond to of 13801

I just bought my parents place near Sheboygan WI - 40 acres along the Sheboygan River. Been lopping and applying Turdon on top of Honeysuckle and buck thorn. It is a big multi year project. It looks so good after being cut and poisoned. Hoping for native Wisconsnin wild flowers next spring. Bob

To: Snowshoe who wrote (1421)	11/25/2018 12:31:39 AM
From: elmatador	1 Recommendation Recommended By Elroy Jetson Respond to of 13801

credit agencies and financial markets have yet to factor the unofficial debt estimates into the price of Chinese financial assets. That’s why China’s debt rating by S&P and Moody’s are very close to those of America and Japan. The article explains what will happen when government is debtor and creditor at the same time. It will do a Greece: Worse, the government’s role as both lender and borrower concentrates rather than disperses credit risks. And that creates the potential of a systemic collapse. Like the Greek crisis so explicitly demonstrated. Meanwhile, the dual role of government conflicts and contradicts with a third role. That of a regulator, the setting of the rules for lenders and borrowers. And it complicates creditor bailouts in the case of financial crisis. Once again, Greece is a case in point. The reason why the “haircut” of Greek debt had such an immense impact on the Greek economy is that government-controlled banks and pension funds were the creditors of the general government and government-owned enterprises. This means that the haircut shifted losses from one government branch to another. And created the need for new loans to cover the losses. The situation could be more severe in China. The government simultaneously owns banks, pension funds, and common corporations. Government-owned banks lend money directly to government owned corporations. They usually function as welfare agencies. Nov 24, 2018, 12:58pm Debt, Not Trade War, Is China's Biggest Problem https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#12bdddba4c4d