Portfolio Rebound: How Long Should It Take?
Using his proprietary 'aftcasting' technique instead of Monte Carlo simulations, the author shows how long it will probably take different portfolios to recover after a negative market shock.
‘This is Not Modern Monetary Theory’
'We are being told Modern Monetary Theory (MMT) calls for helicopter drops of cash or having the Federal Reserve finance government spending through rebooted quantitative easing. This is not MMT,' write these economics professors.
Honorable Mention
Survey: How retirement plan sponsors and providers are coping (SPARK and DCIIA); RetireOne and Halo partner to distribute annuities and structured notes to fee-based advisers online; Social Security funding levels are stable, but don't yet reflect COVID-19 impact.
Fed easing clobbers fixed annuities
But sales of registered index-linked annuities (RILAs, aka 'structured variable annuities') posted a record high. RILAs offer more upside potential but less downside protection than fixed indexed annuities.
How $240 billion in new COVID-19 money will be spent
The money will fund health care operations, research and development of coronavirus tests and treatments, and guarantees for emergency lending to small business.
COVER STORIES YOU MAY HAVE MISSED
April 16, 2020
The CARES Act Isn’t Careful Enough
If this agonizing period leads to genuine reform, our 'blood, sweat and tears' (to borrow Winston Churchill’s famous words) won't have been in vain, writes our contributor.
April 9, 2020
Stormy Weather for Life Insurers
Life insurers are buffeted by a perfect storm of falling interest rates, falling share prices and falling sales of annuities. But, according to David Paul of ALIRT Insurance Research, the companies are holding up...
April 2, 2020
The Big Sick Leave: How Bad Will The Economy Get?
Economists don't expect the crisis to resolve before the summer. Assuming that no effective vaccine or treatment appears suddenly, we’re probably in for a long campaign.
