By Kerry Pechter
An article about deferred income annuities in last Saturday's New York Times looked at DIAs through the "investment frame" rather than the "insurance frame." That's the wrong way to evaluate annuities.
By Claudio Borio and Piti Disyatat
"The accumulation of debt and the distortions in production and investment patterns induced by persistently low interest rates hinder the return of those rates to more normal levels," write these officials of the Bank of International Settlements and the Bank of Thailand.