A previous post on the shortage of safe financial assets mentioned how pension plans in many countries need to buy more government bonds to avoid mismatches between their assets and liabilities:Defined-benefit pension plans usually have liabilities that can be perfectly hedged through purchases of government bonds denominated in local currency.
Julian Glover, in his article on the disposal of the Forestry Commission's assets, mentions its founding in 1919 to supply pit props and softwood pulp to industry, implying there has been no change in direction since (If nationalising forestry was a disaster, an unthinking sell-off would be worse, 24 January).
The £30bn of "fixed" assets also mentioned by Mr Brown as destined for sale are those listed on the National Assets Register, published in 2001.
Rumors are the banks will report an additional €8 billion in reserves for non-performing loans (to take advantage of the last chance to add to deferred tax assets, as mentioned above).
Hommen has mentioned asset sales, yet hasn't specified which units he intends to shed.
The financial terms are not being disclosed but BlaBlaCar is picking up all of the company's assets — it mentions skills and IP in app creation and distribution, big data analytics and in-car embedded systems — and employees (around 20 in all).
Remember that great Diablo-style game featuring Doom assets that we mentioned last month?
In the sequel we detail how the three main components (monitor, planner and executor) work together, resorting to the above mentioned assets, to achieve adaptability.
Finding your target asset mix As I mentioned before, the appropriate basic mix of asset classes depends on your feelings about risk and how long you plan to keep your money in the market.
Second-order effects - like above mentioned investments, asset price cycles, capital flows and others -depend on sector- and country-specific features in addition to CTOT changes.
"It's vital that we keep the monetary policy throttle wide open," Mr. Williams said in a speech last week, although he did not mention asset purchases specifically.
