**Response to @balajis:**

Remember, insurers hold "safe" assets.

Like bonds and mortgages.\[1\]

And how are those safe assets doing?

In the era of unprecedented, surprise rate hikes?

Not so great, Bob. \[2\]

\[1\]: spglobal.com/marketintellige… (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-life-insurers-growing-commercial-mortgage-portfolios-may-face-virus-pressure-57760836)

\[2\]: gisreportsonline.com/r/insur… (https://www.gisreportsonline.com/r/insurance/)

https://nitter.moomoo.me/balajis/status/1642743828556963841#m