Short on absolutely everything

[Anonymous No.59578905]

Pull all of your investments. Liquidize everything.

People are really underestimating the ramifications of these California wildires.

Do these insurance companies have enough in liquid assets to pay this shit out? No way in hell, all companies go off projections not legitimate assets

Youre talking about premiums that are probably 100k a pop for these palisades structures. They are insured a minimum of a million. Theres 2k structures burnt down and counting

They are looking at over a billion dollars AT LEAST worth of payouts and the premiums account for 1/10 of it

If Trump bails them out, economy falls to beyond COVID levels. If he ignores it, rich people pull out of everything to protect their net worths.

We are beyond fucked.

[Anonymous No.59578911]

Chainlink will solve all these issues

[Anonymous No.59578918]

But don't bailouts means more helicopter money which means markets pump like crazy again?

[Anonymous No.59578920]

>>59578911
Checked Based Chainlink

[Anonymous No.59578928]

>>59578905
>To pay this shit out
I'm an actuary. These companies would not take on the risk if they couldn't legally afford to insure it - ergo they did not take on that risk. The insurance companies will be perfectly fine. Many of the homeowners probably will not be. 100% there are going to be massive crowds of boomers who saved their entire lives to buy their dream beach homes and didn't insure them for fire because they live next to the ocean that are going to get fucked by this. The insurance companies will not.

[Anonymous No.59578930]

>>59578905
Read:
https://abcnews.go.com/Politics/biden-raises-federal-funding-initial-los-angeles-fire/story?id=117516448

[Anonymous No.59578967]

>>59578905
this is already priced in

[Anonymous No.59578992]

>>59578905
insurance companies have re-insurance. they´ll be fine.