Bete noire

  • Features

    Conflicts of interest?

    July 2003 (Magazine)

  • Features

    The bond error

    June 2003 (Magazine)

    Only an actuary or an accountant could think that pension liabilities are at all like fixed interest bonds, not subject to the whims of price and wage inflation. Yet Germany is about to make the same mistake that the US, Britain, and Holland have already made, of thinking that bonds ...