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  • Ace Limited: Hitting New Highs but Still Trading for Less Than Book Value [View article]
    Hey Jimmy- I agree that we are as well. I haven't seen the company give guidance if this situation occurs. I actually would be afraid if rates go up even higher than 400 basis points, and I do think it's a possibility over the next few years. Can the 10 year get to the levels we saw in the early 80's? Sure. I'd like to see someone put together a report on how that rise specifically affected different industries. It wouldn't be good for insurance, but how bad, I don't know.

    Look at this chart:

    7% would be a median.
    Feb 6, 2011. 10:30 PM | 1 Like Like |Link to Comment
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