All Features articles – Page 342
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Features
'Compromise of a compromise'
After years of debate and some false starts, in the end the European directive on occupational pensions came down to a “compromise of a compromise” worked out between a few key players meeting just before the crucial vote at the European Parliament. At stake was, in the words of European ...
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Features
Date with EM debt
Question: “Which asset class returned 15.1% during the last year, 11.3% per year for each of the last two years, and 13.2% per year for the 11 years from March 1992 until March 2003?” (Merrill Lynch). Answer: Non-G7 sovereign debt. Sound appealing? Possibly. Now if we said those returns were ...
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Features
Waiting for the peace dividend
It goes without saying that the aftermath of the US-led war against Iraq is the dominant theme for the US markets and economy. Or does it? For some market participants, while seeing a post-war rally, the pre-war picture still holds and the same problems remain. If unemployment is anything to ...
