Parabolic Trend Failure(s) of the Day: An Insurance Twofer

The following chart shows real household and nonprofit life insurance reserves per capita.


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This probably goes without saying, but the 1980s and 1990s are over.

Have no fear though. We've ushered in a whole new era of global insurance services exports!


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There has never been a better time, in all of recorded history, to bravely venture out into this financially innovative new world!

September 22, 2012
Fearless Man Bravely Ventures Out Into U.S. Economy

“One false move could bankrupt him or, God forbid, something worse,” he added. “Tax codes, mortgage lenders, health insurers—if he loses his footing for even a moment, he could plunge into bottomless debt.”

Agreeing that each transaction he makes puts him at further risk and brings him closer and closer to financial oblivion, leading economists nonetheless acknowledged a grudging respect for the single-minded courage of Ordway’s “outright suicide mission.”

Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2