1 month ago
Airlines are paying 68% more to fly 10% more. Somebody is collecting that money.
Americans bought almost $180 billion of these last year. Most don't know what they own.
They guessed it three years ago, in a year with no cars on the lot. That guess is still being used.
In 2023 it bought $430. The failures it insures against are at a 13-year high.
On August 3 a rule changed, and the building started getting underwritten instead of the buyer.
Then it lost 30% of its funding in ten days, and got an unlimited guarantee anyway.
Plus Dutch pensions leaving the long end, new jets stripped for their engines, and packers losing $250 a head.
Federal officials projected 17,000 arbitration cases a year. Providers filed 2.6 million.
Diesel costs 37% more than gasoline. A year ago the gap was 56 cents.
