Bad news update

Ok it’s not all bad news. Spanish bond yields, which you know I’ve been following, are actually way down from their Everestian highs from a couple of weeks ago. There is clearly more confidence in the bail-out and political plans out there than in my head.

But everything else is pretty much bad news, even excluding the tragic Marikana deaths and seemingly regular shootings in the US. (Incidentally, how relieved must Lonmin be that the tragedy has not yet been named “Lonmin Massacre”?)

I’m taking solace in the cricket Test victory and hoping the rest of the ODIs won’t be rained out. You gotta take the good news where you find it at the moment.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.