Don't Fall For The Bear Market Rally | Weekly Roundup
Supply Shock
00:00
The Circular Problem of Business Interruption Insurance
Insurance totally fails when the entire system needs a bailout or there's a major, right? This was, this was, we went through this actually during COVID when you have business interruption insurance. There's a global pandemic and the government is ordered to shut down the business. We're not going to cover that. Why? Not because it's not included in the coverage, but because if they cut, if they paid out everyone's claim, then they would go out of business as well. That's the business model. When you can't solve something, everything just gets kicked up to the government and the government says, and they just print more money to get out.
Transcript
Play full episode
