C
Cardano
Member
It is now obvious that many developed European economies need to cut back government expenditure massively. There are good reasons why this is impossible under a democracy and we are going to see some governments the nature of which have not been seen in Western Europe since the middle of the last century and have not been seen in Britain since the Reformation.
I intend to put up a few essays in the next few weeks/months predicting roughly how the coming political deterioration will develop and what it will mean to the actuarial profession.
In 2006/07 when it was obvious we were heading for a credit crunch, the actuarial profession almost completely missed it. The first prediction I am going to make is that the coming political deterioration will also go completely unnoticed by your profession.
I intend to put up a few essays in the next few weeks/months predicting roughly how the coming political deterioration will develop and what it will mean to the actuarial profession.
In 2006/07 when it was obvious we were heading for a credit crunch, the actuarial profession almost completely missed it. The first prediction I am going to make is that the coming political deterioration will also go completely unnoticed by your profession.