Sunday, January 15, 2006

Sometimes Some Okay News in the World...

So I remember back in over a decade when crunching life insurance ledgers 'ranting' because I was 'young', about Brazil and its Government Controlled monopoly on the RE-insurance sector(the IRB Brazil Re). I said, sure, maintain the centralization and consistently gain 10% a year, while Brazil overall gains about 2%... OR... privatize and allow competition(as in, don't be pussy and free up inflow/outflow) and IRB Brazil Re might gain 7-8% v 10% for a few years, but since Brazil overall population will gain 8% v 2%, your surrendering of 2% through privatization, will eventually generate your previous 10% THREEfold as standard of living augments... that's progress when it's lift all, instead of bring all down to SHIT... ie)the mudhut fuckers...

...now, in 2006, IRB Brazil has ousted its leader, and installed somebody not just 'smart', but 'wise' (I would like to think), because 'real' (raay al) inflation is going to slaughter the return IRB get's on their premium return from US treasury...

1 Comments:

At 10:31 PM, Blogger jeff dandel said...

Easy big fella. I sense a large degree of stomach acid is in your brain. Calm ye waters my son; all is not yet nigh...fall upon thy sword another day. Perchance to trip amongst the tire treads that lay beyond my receeding hair line....

 

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