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Saturday, September 17, 2016 3:16:38 PM
One of the most stable business in good or bad times has been insurance companies. Northwestern Life is one of the top stable life insurance companies. They just announced a 20 % layoff to be immediate. Reason cause low interest rates making it impossible to meet demands on policies rate of return and payouts. This a major contributor drag.
Same thing with Illinois Blue Cross Blue Shield and probably any insurance company. Probably reason why fed wants to raise rates.
But if Fed raises rates, interest rate on national debt goes up and business cost go up increase chance marginal jobs reduced , wage increases stop, just more deter action.
Are we heading into a road on road to no return?
Also, remind that Arizona was a major player in defaults and forclosures.
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