The city is in the midst of a building boom.All over downtown, the landscape is changing as office space gets tighter and towers sprout up on once-empty street-level parking lots. One of the city’s largest,most prestigious contractors has just completed negotiations with a legal firm to build a new office tower. The location was selected, [...]
The implementation of the desmoothing methodology increases portfolio risk. We already mentioned that there is a permanent and relatively stable component in bond (index) returns resulting from interest accrual, roll down and yield-curve effects. Therefore we apply the desmoothing technique only to the series of monthly changes in the price indices, and afterwards add the [...]
Simply recognising the need to manage risk is not enough. The ethos of an organisation should recognise and reward behaviour that manages risk. This requires a commitment by senior managers and the resources (including training) to match. Too often, control systems are seen only as an additional overhead and not as something that can add [...]
According to The Mortgage Bankers Association, in the early 2000s, propelled by a low rates and questionable mortgage products, homeownership soared to a record 68% of U.S. households. Unfortunately, due to a “perfect storm” of factors, including consumers’ poor use of debt, homeownership is sliding from its highest point. There’s no doubt that owning a [...]
While the use of long-term debt clearly allows you to purchase the things that help you increase your net worth and employability, they can also present a number of risks. Whether you are considering taking out your first long-term loan, or you are re-evaluating your past choices, there are a number of important risks and [...]
My name is Emily Mortimer. I'm an academy professor with a degree in economy and considerable experience in training both students and private contractors in matters of business, finances and money management.