Rising deficits likely will result in higher-than-target inflation. Lenders to the Treasury, particularly price-sensitive lenders, will require higher interest rates.
The shares of too many publicly traded insurance companies are priced today as though the good times will roll on forever. Chaucer must have known insurance underwriting was a mediocre, cyclical industry.
BNSF faced three distinct populist measures over the past couple years... The order raises costs for the rails and ultimately for their customers.