Are the companies that are writing these massive debts actually making money at the end of the day though? If that stops then the whole industry and practice will stop.
Generally yes. Otherwise they don’t do them. But when the market gets frothy, a bunch lose at once. (And the life insurance companies and pensions counting on them get hurt)
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Are the companies that are writing these massive debts actually making money at the end of the day though? If that stops then the whole industry and practice will stop.
Generally yes. Otherwise they don’t do them. But when the market gets frothy, a bunch lose at once. (And the life insurance companies and pensions counting on them get hurt)