Expect these downgrades to come to the US companies very shortly!
They will not be immune. Many of the big names have seen their stocks decline between 50% to 30%, this year alone. Our industry remains silent & is waiting to be bailed out again, while the executives collect unearned salaries & bonuses. The prudent carriers
that were not bailed out cannot compete with the zombies who were,
& have zero pricing power. That coupled with the Fed’s zero interest rate policy, will cripple the prudent carriers over the long term.
Expect these downgrades to come to the US companies very shortly!
They will not be immune. Many of the big names have seen their stocks decline between 50% to 30%, this year alone. Our industry remains silent & is waiting to be bailed out again, while the executives collect unearned salaries & bonuses. The prudent carriers
that were not bailed out cannot compete with the zombies who were,
& have zero pricing power. That coupled with the Fed’s zero interest rate policy, will cripple the prudent carriers over the long term.