Moon Kil Woong
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Aflac: A Solid Dividend Aristocrat For Long-Term Hold [View article]
I don't think AFLAC engages in such behavior but clearly the market discounts such risk from insurers these days.
Cramer's Mad Money - It's All About Calvin and Tommy (5/31/11) [View article]
The Economic Impact of Japan's Monster Quake [View article]
As for insurance, although insurance is largely a racket to overcharge people consistently for known risk, in events like this they serve their purpose well. Let us hope the payments flow freely and the people devastated from this can recover much better than US insurers dealt with New Orleans. I have a feeling they will. If so, the US should regulate insurers more like Asia and prevent terribly poor behavior like that of AIG. I still think AIG should be sold off and shut down and its executives stripped of all power. But that's just me I guess. I think Washington prefers to let fat cats do whatever they please as long as their PAC and lobbyists pay them.
Wall Street Breakfast: Must-Know News [View article]
As for the Volker rule, it is a watered down Glass Stegall because the financial lobby is too strong to think you can ever go back to Glas Stegall.
Coverage Ratios: What We Can Uncover in the S&P [View article]
Business debt is fundamental to the healthy growth and expansion of the economy. Essentially, it is applying utilization of current resources to derive value add in the future. What do I mean by that? It is using assets to create goods and services in the future. Only this allows assets to be used for something called consumption of new things. Without allowing healthy business debt, we would most likely only be able to buy used clothes and other people's unwanted goods on e-bay.
Sure, a few rich companies can make some goods and services without debt. But prosperous the world would not be if every business didn't use debt. Nor would the world be as rich or efficient as it is today.