Asset

An asset any item of tangible or intangible value that entails a future benefit. For example, funds in a 401(K) are assets that can be converted into retirement funds or income at a future date.

Annuities in Japan

The Japanese...

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What Retirees Should Make of the Low Volatility, No-Fear Market

The fear index seems to be signaling that all is well.

The Chicago Board Options Exchange...

Retirees Suffer in Current Low Interest Rate Environment

Financial Times personal finance columnist Matthew Vincent discusses the challenges that retirees face in the current economic environment. The gist of the story is that these are brutal times for savers who need to generate interest income to fund current spending needs. In other words, these are brutally difficult times for many retirees.
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Operation Twist and the Yield Curve

There is a great op-ed in Bloomberg by Caroline Baum that discusses the implications of QE2 and other recent asset purchases made by the Fed. Operation Twist refers to the last time the Fed tried (and failed) to manipulate the yield curve (the spread between the Fed's overnight rate and long term rates that are determined by the market) in 1961.

Pimco Bearish on the Prospect of Long Term Deflation

Pacific Investment Management Company (Pimco)--the large asset manager headed by Bill Gross--has taken a position that reflects skepticism of the possibility of long-term deflation in the United States. During the first half of 2010, Pimco entered into derivative contracts with a notional value of $8.1 billion.
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