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Pre-nationalisation Genworth soars as it hoses away capital

February 6, 2019 - 10:45 -- Admin

Sometimes markets are bizarre. Take the case of mortgage insurer GMA today: There’s nothing overly interesting about its year end accounts though delinquencies are still rising. But check out its economic assumptions: This is a fading fiction. Unemployment is going to rise and wages fall. GMA’s delinquencies are going to rise too. But what matters

The post Pre-nationalisation Genworth soars as it hoses away capital appeared first on MacroBusiness.

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