Silicon Valley Bank collapsed last week. The ramifications are not yet known but will be significant. Who was in charge of financial risk management at the bank? Read on.
Continue readingKilling the cost-push inflation Hydra
Some myths never die. Just last month the Financial Review newspaper in Australia ran an opinion piece written by a senior portfolio manager at an investment management firm. The topic was inflation.
Continue readingResearch? Pull the other one
This is an example of the damage the woke virus has done to the minds of many senior executives in corporate life. Read this press release with a straight face, if you can. I read the report so you don’t have to.
Continue readingThe end of ESG and corporate wokeism is not far away
It seems clear that the era of ESG and corporate wokeism is closing.
Continue readingThe Coriolis Force and decisions in yacht racing
The Coriolis Force, or effect, causes southern hemisphere sailors to prefer to sail on the opposite tack to their northern hemisphere counterparts. But which way is best, and why?
Continue readingDon’t lose sleep over a trade deficit. Don’t get too excited by a trade surplus.
International trade is one of those topics of political economy that many people misunderstand. It’s like inflation, in that regard. The balance of trade, that is the value of exports less imports, is a commonly quoted and discussed national statistic.
Continue readingAnd in fashion news, we turn to stress testing financial institutions
Does anyone else get the feeling that regulators and supervisors of financial institutions such as insurers, banks and pension funds merely follow the fashion?
Continue readingClueless Central
The Australian central bank governor says he doesn’t know how high interest rates will have to go to get rampant inflation under control. That may be the first thing he has said that I believe.
Continue readingAnnuities on the march
The corporate defined benefit pension plan of the past is a rare beast in Australia these days. Most large employers have been winding these plans down for decades and there are not many left.
Continue readingAre HR departments necessary?
Ask Google to respond to that query and it returns, in short, Yes.
Any number of articles will appear as to why it is a good idea to have an HR department. Reasons against an HR department are fewer and harder to find. Until now.
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Australian Actuary 